- The use of double seam bowls for packaging of food is expected to increase.
- Technological advancements in flexible packaging have made rigid packaging less attractive for manufacturers.
- As the market being in a nascent stage, there are very few key players in the double seam bowl market.
Food packaging market is the fastest growing segment of packaging market, and packaging manufacturers are using various innovations and strategies to tap the potential of food packaging market. One such innovation is double seam bowls made of metal or plastic with high barrier properties for increasing the shelf life of the product without using any refrigeration.
Double seam bowls are the perfect solution for the retailers as the double seam bowls can increase the processed food shelf life up to two years. Plastic and metal are the commonly used material for manufacturing of double seam bowls. Double seam bowls have its most of its applications in the food industry; it is widely used for packaging of fish, soups, fruit, vegetables, etc. In today’s busy lifestyle people instead of preparing a whole meal are preferring ready to eat meals which are creating an opportunity for double seal bowls market.
Rigid packaging food packaging market is estimated to be over $100 billion and is expected to grow at a CAGR of over 3.6% 0ver the forecast period. The use of double seam bowls for packaging of food is expected to increase due to the increasing trend among the consumers for having on the go meals. The ability to increase the shelf life of packaged products by a significant period can boost the demand in double seam bowl market. Increasing penetration of the modern retail outlet in emerging markets is increasing the consumption of packaged and processed food hence positively influencing the demand in double seam bowls market. The changing lifestyle and eating habits of the consumers are increasing the consumption of processed food and generating the demand in double seam bowl market. However technological advancements in flexible packaging have made rigid packaging less attractive for manufacturers due to its smaller carbon footprint. The presence of the substitute of double seam bowls such as containers with high barrier lidding films, high barrier pouches can hamper the growth in double seam bowl market. On the backdrop of convenience offered by the use of double seam bowl for packaging and handling of food due to their high barrier and microwavable properties is expected to create significant opportunities for double seam bowl market.
As the market being in a nascent stage, there are very few key players in the double seam bowl market. Some of them are Silgan Holdings Inc., Truitt Bros. Inc., Golden-Tech International, Inc.,
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