Hot Fill Packaging Market Overview
The global hot fill packaging market is anticipated to secure a market value of US$ 82 Million by 2032. The projected growth rate is 4.5% during the forecast period from 2022 to 2032. As of 2022, the market is expected to reach US$ 52.8 Million, up from US$ 51 Million in 2021, representing a Y-o-Y growth rate of 3.5%.
Hot fill packaging has become very popular in today’s beverage industry. With the usage of PET bottles, hot fill packaging offers longer shelf lives. It is a liquid food packaging method where the product is heated and then filled in the container. This kind of packaging is suitable for the packaging of non-carbonated beverages, soft drinks, water, and gives a shelf life of approximately 6-12 months.
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Generally, high-grade plastic material is used for hot filling packaging to tolerate the hot liquid without losing its structural integrity. PET bottles are used for hot fill packaging. The hot-filled PET bottles are generally 1.5 times heavier than cold-filled bottles.
The high acid-sensitive products can contain yeast, mold, and acid-tolerant bacteria, which can tarnish the packaging. Without hot filling, harmful bacteria in the bottle could contaminate the product, making it unhealthy for consumption. The process will result in fewer discarded products by providing enhanced shelf life.
It is generally used for products containing <4.5 pH products such as; soups, juices, nectars, isotonic drinks, vegetable drinks, spreads, and others. Various benefits offered by the hot filling technique make it a demanded method among the manufacturers. Advantages like PET bottles are cost-effective, have a longer shelf-life, are lightweight, and are easier to transport.
What are the Factors Boosting Hot Fill Packaging Demand?
The growing concerns about the negative impact of preservatives in beverages among people are expected to be the key factor driving the market during the forecast period. The demand for preservative-free products has been surging, thereby, enhancing the hot fill packaging sales. In addition, the ability of hot fill packaging to inhibit microbiological growth is predicted to be another salient cause augmenting the hot fill packaging demand in the coming time.
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The ability of the technique to retain nutritional properties is anticipated to increase the hot fill packaging demand among the manufacturers. Moreover, the hot filling packaging demand is expected to witness a rise owing to its economical nature and complex-free procedure. Owing to these benefits, the market is projected to garner significant market value while expanding at a notable CAGR in the forecast period.
What are the Causes Impeding Hot Fill Packaging Demand?
Availability of alternative packaging techniques such as; aseptic packaging is projected to be the key factor hampering the market rise in the forecast period. The technique has gained significant prominence in the food and beverage industry, giving solid competition to the hot fill packaging technique. Besides, the high energy consumption in the global hot fill packaging is anticipated to hinder the hot fill packaging sales.
The hot filling requires heavy bottles that are expensive. 24 g vs 16 g PET bottles are taken into consideration for hot filling. Besides, it may affect cooked flavor and affect the mild nutrients. The hot fill packaging sales are anticipated to have a negative impact owing to the aforementioned factors. However, the benefits of the market will counter the negative impact and assist in boosting the hot fill packaging sales.
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Which Region is anticipated to dominate the Hot Fill Packaging Market?
As per the analysis at FMI, APAC is anticipated to lead the hot fill packaging sales during the forecast period. The expansion of the regional market can be attributed to the massive investment by the established players of the region in countries such as India and China. The affordability and the easy access have resulted in increased hot fill packaging sales across the region. Moreover, the increased awareness about health benefits among the masses is predicted to be another salient cause augmenting the market size in the coming period.
According to the analysis, in the end-use segment, the fruit juice segment is predicted to dominate the market in the forecast period. The ability of hot fill to eradicate microbial contamination is anticipated to lead the segment. In addition, on the grounds of distribution channels, the offline segment is anticipated to lead the market in the forecast period.
Presence of renowned players in the region is predicted to be another salient factor boosting the hot fill packaging demand in the region. Some of the known names include SAMYANG PACKAGING, Amcor Plc, LOG Plastic Products Company among others.
What is the Contribution of North America in Expanding the Hot Fill Packaging Market?
According to the analysis, North America is anticipated to witness a significant rise in hot fill packaging demand during the forecast period. The expansion of the market can be attributed to the increasing consumption of beverages. Among all, the US is anticipated to make the most significant contribution in developing the regional market in the assessment period
The increasing demand for flavored beverages, energy drinks, and soft drinks in the region is likely to bolster the industry in the region. In addition, the rising per capita consumption of beverages in the region is anticipated to offer various avenues of expansion in the future.
Market Competition
The established players of the global hot fill packaging market include Amcor Plc., San Miguel Yamamura Packaging Corporation, Aisapack SA, Graham Packaging Company, among others.
