Ambient Food Packaging Market Growth Analysis, DROT, PEST, Porter’s, Region & Country Forecast Till 2027

Market Overview:

In addition, the Global Ambient Food Packaging Market is expected to rise at a CAGR of 6%, with a value of USD 6.2 million over the estimated forecasting year of 2022-2027.

The changes in the people’s lifestyles and changing consumers’ food preferences, along with the increasing population in developing nations, will drive the growth of the market in the forecasted period. The growing preference of people for processed food due to the surging working population, rising disposable incomes, and hectic lifestyles, to shifts in population dynamics from rural to urban areas is also driving the food packaging market. New packaging technologies, such as active packaging, intelligent packaging, and engineering science, have evolved over the years, enabling the flexible packaging of food products. Companies are adopting eco-friendly packaging by using biodegradable packaging material to be recycled, renewed, and reused.

However, the market is anticipated to remain highly regulated, with agencies such as the United States FDA and the European Commission imposing stringent regulations regarding food packaging types and food contact materials. The slow growth of packaged food market is hampering the market growth. After packaging, it takes time for packaged food to reach consumers across various parts of the world. The packaged food may not be fresh and might lose its aroma and taste before reaching the consumer. The threat of food being spoilt before reaching the consumer is increasing, as it would result in a loss of the capital invested in the packaging.

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To overcome this, food processing industries are investing in technologies and various new packaging techniques, such as intelligent packaging and engineering science, which help increase the product’s shelf life. Organizations are focusing on consumer satisfaction, apart from revenues, as it impacts the image and value in the market. Increasing health consciousness and awareness regarding consuming fresh food influences consumers to opt for packaged products with a longer shelf life. Therefore, rising demand for better shelf life products across countries such as the United States drives the ambient food packaging market growth.

Market Segmentation:

The ambient food packaging market has been segmented into product type, material type, and regional basis. With the product section, the market is divided into flexible packaging and rigid packaging. The market is further divided into three sections glass, metal, and plastic, as per the material type. On a regional basis, the market is further divided into five sections Asia-Pacific, Europe, North America, South America, and Middle East & Africa.

Regional Analysis:

Asia-Pacific has experienced positive growth in the ambient food packaging market and is estimated to witness significant growth over the forecast period. The disposable income of consumers in the region has witnessed significant growth, which has increased the standard of living of people in the region. The growing urban population in India and China increases the demand for food packaging in this region. India and China contributed over 70% of the total share of Asia-Pacific share in 2018.

The increasing exports of fruits and vegetables in Asia-pacific are increasing the market’s growth. The world imports of fruit and vegetables have increased by 17.6%, and imports of fruits and vegetables in the Asia Pacific region increased by 51.6%. Moreover, in a country such as India, the growing demand for online food ordering is increasing, pushing the usage of packaged food boxes for the food packaging market.

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Industrial News:

The ambient food packaging market is fragmented. Companies are offering extensive product customization to increase their share and augment their revenue. They strive to replace existing materials with biodegradable ones to meet changing government standards.  

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