According to Stratistics MRC, the Global Food Grade Bottles Market is accounted for $22.04 billion in 2024 and is expected to reach $28.37 billion by 2030 growing at a CAGR of 4.3% during the forecast period.
Food-grade bottles are containers specifically designed and manufactured to safely store food and beverages without compromising quality or safety. The materials used to make these bottles have been approved by regulatory agencies like the FDA, guaranteeing that no dangerous chemicals will seep into the contents. Food-grade bottles, which are usually made of glass, high-density polyethylene (HDPE), and polyethylene terephthalate (PET), help, maintain the purity of the product inside by being resistant to corrosion, odours, and stains.
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Over the forecast period, the Asia-Pacific (APAC) region is anticipated to exhibit the highest CAGR. The main causes of this growth are rising disposable incomes, fast urbanization, and rising demand for packaged foods and drinks. Consumer preferences are changing significantly in nations like China and India, with a move toward more convenient and healthful packaging options. Moreover, the region’s need for food-grade bottles is fuelled by the growth of the food and beverage sector as well as growing consciousness of sustainability and food safety.
Some of the key players in Food Grade Bottles market include Amcor plc, CCL Industries Inc., TCPL Packaging Ltd, Essel Propack Limited, Gerresheimer AG, UFlex Ltd, Ball Corporation, Plastipak Holdings, Inc., Graham Packaging Company, Silgan Holdings Inc., Ardagh Group S.A., Berry Global, Inc., Parekhplast India Limited, Becton, Dickinson and Company and Vetropack Holding AG.
Key Developments:
In November 2024, Amcor plc and Berry Global Group, Inc. announced they have entered into a definitive merger agreement, pursuant to which Amcor and Berry will combine in an all-stock transaction. Berry shareholders will receive a fixed exchange ratio of 7.25 Amcor shares for each Berry share held upon closing, resulting in Amcor and Berry shareholders owning approximately 63% and 37% of the combined company, respectively.
In November 2024, Berry Global Group, Inc., announced it has entered into a definitive agreement to sell its Specialty Tapes business (“Tapes”) to the private equity firm Nautic Partners, LLC (“Nautic”) for a headline purchase price of approximately $540 million, which is subject to a number of closing adjustments.
In October 2024, Graham Packaging, a global leader in the design and manufacturing of innovative and sustainable packaging solutions, announced a $35 million investment to expand and modernize its production facility in Tangipahoa Parish. The expansion will allow Graham Packaging to acquire advanced equipment, increase the skills of its existing workforce, and retain more than 100 jobs at its Hammond facility.
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