The edible oil packaging market size is projected to rise from US$ 5,353 million in 2023 and it is expected to surpass US$ 9,336.3 million by 2033. The edible oil packaging industry is expected to rise at a significant CAGR of 5.7% during the forecast period.

Alteration in lifestyles of end-consumers has resulted in an exponential demand for various consumables with extra preservatives and longer duration. Ready-to-eat foods are also witnessing an exponential demand. The end-consumers are, in fact, coming to terms with nutritional benefits of edible oils like they being rich with micronutrients, bioactive substances like alkaloids, and helping in proper functionality of nervous system and brains. Soybean oil has been looked upon as a good source of nutrition, but those allergic to soya could opt for rice bran oil instead.

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Owing to environmental concerns, the key participants are going for ecological alternatives to toxic pollutant raw materials. As such, extensive investment is being done with regards to biodegradable substitutes. This would help in safeguarding the ecosystem. Adopting sustainable raw materials does make way for lucrative opportunities for the OEMs, thereby helping them in expanding the consumer base.

Key Takeaways from Edible Oil Packaging Market

·         North America holds the largest market share. This could be attributed to the US being at the forefront regarding sales of edible oil packaging solutions. As per Federal Food Drug and Cosmetic Act, the materials that are used to package foodstuff need to be in compliance with safety standards that are set by the US FDA.

·         Europe is led by the UK due to the key participants going for innovative edible oil packaging solutions made out of sustainable raw materials that offer complete recyclability. Germany comes in second herein.

·         Coming to the Asia-Pacific, China and India are ruling the roost with production and consumption of soybean oil at the large scale.

The key players are:

  • Tetra Pak International S.A.
  • Berry Global Group Inc
  • Scholle IPN Corporation.
  • Glenroy, Inc.
  • Crown Holdings, Inc
  • Sealed Air Corporation
  • DS Smith Plc
  • others

What does the Report Cover?

·         The research study is based on packaging type (bottles, pouches, jerry cans, cans, drums, bag-in-box, and likewise (liquid cartons)), by material (plastic, glass, metal (aluminum), and paper), by capacity (50-500 ml, 501-1000 ml, 1001-5000 ml, and above 5000 ml), and by oil type (soybean oil, coconut oil, olive oil, cottonseed oil, sunflower seed oil, peanut oil, mustard oil, and likewise (palm oil, rice bran oil, corn oil).

·         Liquid bottles, jars, cartons, jerry cans, pouches are being increasingly used for edible oil packaging.