Market Share of Hot-fill Food Packaging Industry
The hot-fill food packaging market is moderately competitive. Major players with a significant market share are expanding their customer base across various regions. In addition, many companies are forming strategic and collaborative initiatives with multiple companies to increase their market share and profitability. Some of the recent developments in the market are:
- August 2022: Amcor PLC AMCR launched a modern innovation hub in Jiangyin, China, to provide customers in the Asia Pacific region with advanced packaging technologies and eco-friendly material science. Amcor continues to invest in growth and expand capacity in higher growth, higher value-added, as well as more packaging-intensive segments like hot-fill beverage packaging, supported by its strong balance sheet and an annual free cash flow of over USD 1 billion.
- May 2022: A new line of hot-fill sauce bottles was introduced by Berry Global that maximizes consumer convenience while maintaining an appealing on-shelf appearance. The Nova bottle, which comes in 250ml and 500ml sizes, is made of clear polypropylene (PP) and has a contemporary curved design. It has a large labeling area for better product branding and is simple to handle for end-users.
Hot-fill Food Packaging Market Leaders
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Amcor PLC
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San Miguel Yamamura Packaging Corporation
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Berry Global Inc.
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Crown Holding Inc.
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Scholle IPN Corporation
*Disclaimer: Major Players sorted in no particular order
