Food Oil Packaging Market Trends and Forecast
The future of the global food oil packaging market looks promising with opportunities in the retail and industrial markets. The global food oil packaging market is expected to grow with a CAGR of 7.2% from 2024 to 2030. The major drivers for this market are increasing demand for convenience and portability in food consumption, growing consumer awareness about health and sustainability, and rapid urbanization and changing lifestyles lead to a rise in demand for packaged cooking oils.
• Lucintel forecasts that less than 500ml is expected to witness the highest growth over the forecast period.
• Within this market, retail is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States – Leading packaging companies announced initiatives to develop eco-friendly oil packaging solutions, aligning with government targets to reduce plastic waste. Some companies introduced recyclable and biodegradable packaging options to meet sustainability goals.
India – Several oil manufacturers unveiled plans to invest in advanced packaging technologies to extend shelf life and maintain product quality. The government aims to promote sustainable packaging practices through subsidies and incentives, encouraging the adoption of eco-friendly packaging materials.
Brazil – Packaging companies collaborated with oil producers to introduce innovative packaging designs that enhance convenience and portability for consumers. Government targets focus on improving packaging standards to ensure food safety and reduce environmental impact, driving industry innovation and compliance.
China – Major oil packaging companies launched initiatives to optimize packaging sizes and materials to minimize waste and enhance efficiency in distribution. The government set targets to promote the use of biodegradable packaging materials, supporting industry efforts to adopt sustainable practices and reduce environmental pollution.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Food Oil Packaging by Segment
The study includes a forecast for the global food oil packaging by type, application, and region.
Food Oil Packaging Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Less Than 500ml
• 500ml to 1,000ml
• 1,000ml to 5,000ml
• 5,000ml to 10,000ml
• Above 10,000ml
Food Oil Packaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Retail
• Industrial
• Others
Food Oil Packaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Food Oil Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies food oil packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the food oil packaging companies profiled in this report include-
• Sidel
• Scholle IPN
• Avonflex
• Sun Pack
• Smurfit Kappa
Recent Development in the Food Oil Packaging Market
EcoPac Solutions: Introduced a new line of sustainable oil packaging made from recycled materials, aiming to reduce carbon footprint and contribute to environmental conservation efforts.
FlexiSeal Packaging: Launched innovative flexible packaging solutions for cooking oil, featuring enhanced barrier properties to prolong shelf life and maintain product freshness, meeting consumer demand for convenience and quality.
TerraPack Industries: Collaborated with leading food oil manufacturers to develop customized packaging solutions tailored to specific product requirements, offering efficient and cost-effective packaging options to enhance brand competitiveness.
SealSafe Technologies: Implemented advanced tamper-evident packaging features for oil bottles and containers, ensuring product integrity and safety while addressing consumer concerns about product authenticity and quality.
Features of the Global Food Oil Packaging Market
Market Size Estimates: Food oil packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Food oil packaging market size by type, application, and region in terms of value ($B).
Regional Analysis: Food oil packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the food oil packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the food oil packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for food oil packaging market?
Answer: The global food oil packaging market is expected to grow with a CAGR of 7.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the food oil packaging market?
Answer: The major drivers for this market are increasing demand for convenience and portability in food consumption, growing consumer awareness about health and sustainability and rapid urbanization and changing lifestyles lead to a rise in demand for packaged cooking oils.
Q3. What are the major segments for food oil packaging market?
Answer: The future of the food oil packaging market looks promising with opportunities in the retail and industrial markets.
Q4. Who are the key food oil packaging market companies?
Answer: Some of the key food oil packaging companies are as follows:
• Sidel
• Scholle IPN
• Avonflex
• Sun Pack
• Smurfit Kappa
Q5. Which food oil packaging market segment will be the largest in future?
Answer: Lucintel forecasts that less than 500ml is expected to witness the highest growth over the forecast period.
Q6. In food oil packaging market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the food oil packaging market by type (less than 500ml, 500ml to 1,000ml, 1,000ml to 5,000ml, 5,000ml to 10,000ml, and above 10,000ml), application (retail, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Food Oil Packaging Market Market, Food Oil Packaging Market Market Size, Food Oil Packaging Market Market Growth, Food Oil Packaging Market Market Analysis, Food Oil Packaging Market Market Report, Food Oil Packaging Market Market Share, Food Oil Packaging Market Market Trends, Food Oil Packaging Market Market Forecast, Food Oil Packaging Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.