Edible Oil Packaging Market Size

The global edible oil packaging market size is experiencing significant growth, with an estimated size of USD 5.780 billion in 2022, projected to reach USD 10.109 billion by 2032. This growth is attributed to various factors driving the demand for secure and innovative packaging solutions for edible oils.

Market Overview

The edible oil packaging market encompasses the production, design, and distribution of packaging specifically tailored for edible oils. These packaging solutions, including bottles, cans, pouches, and drums, are designed to preserve freshness and quality while ensuring safety for consumers.

Vegetable Oil Trade

Different regions consume refined and unrefined oils like palm, olive, soyabean, sesame, sunflower seed, and peanut oils differently. Hence, diverse package designs are necessary to maintain freshness based on their reactions to oxygen, moisture, heat, and light.

Global Demand

The overall demand for edible oils is expected to grow by 2% by 2026, totaling 87 million metric tons. Leading producers like China, India, the United States, and others benefit from factors such as climate, cultivable areas, technology, and investments, leading to high oil production.

Factors Driving Growth

The edible oil packaging market is witnessing continuous growth due to rising population, dietary changes, urbanization, and emerging health benefits of various oils. Technological advancements in packaging materials and techniques are expanding market boundaries, fulfilling consumer needs while ensuring safety and convenience.

Growth of the Edible Oil Bottle Market

Edible oil packaging is now invariably related to a round bottle of a specific shape. Originally, plastic and glass bottles were used by industry for packing and preserving edible oils. The making of bottles has drastically increased lately since they are hassle-free, robust, and affordable. Bottles provide easy and safe method to store and pump diverse kinds of edible oils – from olive oil to sunflower oil.

The market for edible oil bottles has been observing a gradual growth, due to reasons as the consumers’ interest for healthier cooking oils, growing household income and of course a change in their shopping pattern. Innovative bottle designs like easy pour spouts, ergonomic grips, and tamper-evident seal are part of the manufacturer’s responses to this increasing consumer need. These elements are added on purpose to improve the user experience and enhance product safety. The demand for the bottles used in bottled edible oils keeps rising and we foresee a big output for edible oil bottles in the next coming years.

Edible Oil Packaging Market Trends

• Increased Focus on Product Safety and Quality: Consumer safety and product quality are the number one goals of brands and manufacturers in the packaging sector. Product safety is assessed by the process of packaging testing which reveals the presence of possible contaminants, allergens and other toxic substances.
• Rise in Packaging Innovation and Complexity: The recent development of the packaging innovation and complexity make it crucial to adopt testing solutions that can scrutinize various packaging materials, formats and functionalities.
• Sustainability and Environmental Impact Assessment: There is increasing attention to environmental issues and sustainability along with the assessment of packaging materials and processes so as to measure their environmental impact.
• Digitalization and Automation: Digitalisation and automation are changing the scenario of packaging testing laboratories through saving testing process and increasing efficiency and data management.

Trends in the Industry

• Product Safety: Increasing importance is placed on ensuring the safety of edible oil products through secure packaging solutions.
• Innovation: Continuous innovation in packaging materials and techniques is driving market growth.
• Sustainability: There’s a growing emphasis on sustainable packaging solutions to reduce environmental impact.
• Digitalization: Adoption of digital technologies for packaging design and distribution is becoming more common.