Global Ambient Food Packaging Market Size By Packaging Types, By Material Types, By Applications, By Geographic Scope And Forecast
Published on: 2024-08-05 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Ambient Food Packaging Market Size By Packaging Types, By Material Types, By Applications, By Geographic Scope And Forecast
Ambient Food Packaging Market Size And Forecast
Ambient Food Packaging Market size was valued at USD 8.27 Billion in 2023 and is projected to reach USD 13.18 Billion by 2030, growing at a CAGR of 6.90% during the forecast period 2024 to 2030.
Global Ambient Food Packaging Market Drivers
The market drivers for the Ambient Food Packaging Market can be influenced by various factors. These may include
- Growing Convenience Food Demand The increased urbanization and busy lifestyles have led to a greater need for convenience foods with extended shelf lives and low preparation requirements. In keeping with this trend, ambient food packaging provides convenience by preserving food without the need for freezing or refrigeration.
- Technological Developments in Packaging Materials New approaches of extending the shelf life of ambient foods without sacrificing their freshness and quality have been made possible by developments in packaging materials. This covers the application of modified atmosphere packaging, barrier coatings, and active packaging technologies.
- Growing Awareness of Food Waste Reduction As consumers and producers become more aware of the problems associated with food waste, they are looking for packaging solutions that extend product shelf life and lower the risk of spoiling and waste. This is aided by ambient food packing, which keeps food fresher for longer.
- Online shopping Boom E-commerce’s explosive expansion has completely changed the retail environment, especially the food sector. The conveyance of food products through online channels is made possible in large part by ambient food packing, which satisfies consumer desires for easy purchasing.
- Sustainability Issues Both corporations and consumers now have serious concerns about environmental sustainability. In reaction to rising environmental consciousness and regulatory demands, manufacturers are progressively implementing environmentally friendly packaging materials and procedures, like using recyclable and biodegradable materials.
- Emerging Markets The need for packaged ambient meals is being driven by the growing middle class population in these markets, as well as shifting dietary and lifestyle choices. In order to meet the changing demands of these markets, ambient food packaging makers have a lot of room to grow.
- Regulatory Compliance The ambient food packaging business continues to innovate due to strict restrictions pertaining to food safety and packaging standards. In addition to investing in technologies that guarantee the safety and integrity of packaged food items, manufacturers are required to comply with regulatory standards.
- Health & Wellness Trends As customers’ awareness of their health increases, there is a growing need for better food options that have fewer ingredients and clear labels. In keeping with current health and wellness trends, ambient food packaging preserves natural flavors and nutrients without the use of artificial additives or preservatives.
Global Ambient Food Packaging Market Restraints
Several factors can act as restraints or challenges for the Ambient Food Packaging Market. These may include
- Perception of Lower Quality When compared to fresh or refrigerated foods, some customers believe that ambient food products are of lower quality. The adoption of ambient food packaging solutions may be hampered by this impression, especially in markets where freshness and quality are crucial.
- Limited Shelf Life While ambient food packaging keeps products fresher longer than standard packing techniques, it could not be as long as freezing or refrigeration. This restriction would discourage customers and merchants from carrying ambient food items, particularly in areas with warm, muggy weather.
- Packaging Waste Concerns The use of single-use materials for food packaging, like plastic and aluminum, results in waste and degradation of the environment. Increased manufacturing and customer search for more environmentally friendly packaging options could be influenced by growing single-use plastics legislation and raised awareness of plastic pollution, which would affect the market for ambient food packaging.
- Challenges in the Supply Chain It can be difficult to maintain the integrity of ambient food products all the way through the supply chain, especially in areas with poor infrastructure or unstable transportation systems. Variations in temperature as well as exposure to light and moisture while in storage and transit can damage ambient food products’ quality and safety, sometimes resulting in losses and waste.
- Price Sensitivity In markets where prices are crucial, consumers’ judgments about what to buy are heavily influenced by costs. Ambient food packaging options may have more production costs, which could translate into higher retail pricing, particularly if they use eco-friendly materials or cutting-edge technologies. This may restrict some consumer segments’ access to and affordability of ambient food products.
- Regulatory Compliance Costs Manufacturers in the Ambient food packaging market incur additional expenses in order to comply with strict food safety and packaging standards. Investments in testing protocols, regulatory documentation, and quality control procedures raise operating costs and could make it more difficult for small and medium-sized businesses to enter the market.
- Competition from Other Packaging Formats Aseptic packaging solutions and other alternative packaging formats, like frozen and refrigerated packaging, compete with ambient food packaging. These alternatives may provide benefits in terms of freshness, taste, and convenience, depending on customer preferences, product attributes, and distribution channels. As a result, they could pose a threat to the expansion of ambient food packaging.
Global Ambient Food Packaging Market Segmentation Analysis
The Global Ambient Food Packaging Market is Segmented on the basis of Packaging Types, Material Types, Applications, And Geography.
Ambient Food Packaging Market, By Packaging Types
- Flexible Packaging Pouches, bags, wraps, and films offering flexibility and lightweight properties, suitable for a broad range of ambient food products.
- Rigid Packaging Containers, trays, and boxes made from materials like plastic, glass, and metal, providing structural integrity and protection for ambient food items.
- Semi-Rigid Packaging Blending features of both flexible and rigid packaging, ensuring stability and convenience for packaging ambient food products.
Ambient Food Packaging Market, By Material Types
- Plastic Various types such as polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), and polystyrene (PS), known for versatility, barrier properties, and cost-effectiveness in ambient food packaging.
- Paper & Paperboard Sustainable alternatives offering recyclability and biodegradability, preferred by environmentally-conscious consumers and brands.
- Metal Aluminum and steel utilized in cans and containers, providing durability, barrier protection, and shelf appeal for ambient food packaging.
- Glass While less common due to weight and fragility concerns, glass offers premium aesthetics and preserves the flavor and quality of certain ambient food products.
Ambient Food Packaging Market, By Applications
- Bakery & Confectionery Packaging solutions for ambient bakery products such as bread, cakes, cookies, and confectionery items.
- Dairy & Dairy Alternatives Packaging for ambient milk, yogurt, cheese, and plant-based dairy alternatives.
- Snacks & Ready-to-Eat Meals Packaging for ambient snacks, ready-to-eat meals, and convenience foods.
- Beverages Packaging solutions for ambient beverages including juices, soft drinks, energy drinks, and water.
- Sauces, Dressings & Condiments Packaging for ambient sauces, dressings, condiments, and spreads.
Ambient Food Packaging Market, By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Key Players
The major players in the Ambient Food Packaging Market are
- Amcor
- SIG Combibloc Obeikan
- Tetra Pak
- Mondi
- Sealed Air
- Reynolds Group Holdings
- Sonoco Products
- WestRock
- International Paper
- DS Smith
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Amcor, SIG Combibloc Obeikan, Tetra Pak, Mondi, Sealed Air, Sonoco Products, WestRock, International Paper, DS Smith. |
SEGMENTS COVERED | By Packaging Types, By Material Types, By Applications, And By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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