The meals market is difficult for packaging suppliers as a result of immense variety of distinctive purposes the place packaging should not solely meet detailed efficiency requirements but additionally be cost-effective and align with particular sustainability targets.
As well as, demand for meals packaging is closely influenced by client preferences, that are in flip pushed by points surrounding comfort, sustainability, price, and shelf enchantment. Various kinds of meals packaging fall out and in of favor, and new varieties of packaging supplies are additionally being developed that would shake up the established order.
The Freedonia Group intently tracks the meals packaging market and has launched a sequence of stories that describe how key market segments are anticipated to carry out over the subsequent few years. Included beneath are just a few attention-grabbing highlights.
1. Bowl Meals Packaging Market to See Above Common Development
The Freedonia Group famous that bowls have been a pattern within the restaurant world for years. The bowl pattern later gained momentum within the processed meals trade, inflicting an ongoing spike within the demand for meals packaging bowls. Demand for meals packaging bowls is predicted to rise 7.3% yearly via 2025, pushed by novelty and comfort.
Product growth within the meals packaging bowl market is principally targeted on boosting sustainability by shifting away from plastics. Take, for instance, ConAgra’s Wholesome Alternative model of frozen meal bowls, which switched from plastic to proprietary fiber-based bowls which are compostable and recyclable.
2. Clamshell Meals Packaging Boosted by Recognition of “Seize and Go” Meals
The will for comfort has additionally pushed the demand for ready recent meals within the grocery retailer. As a result of clamshells are clear and crush resistant, they’re a really perfect container for “seize and go” meals akin to entrees, salads, and sandwiches. Clamshells are additionally a typical sort of packaging for fragile objects like berries and cookies.
The demand for clamshell meals packaging is predicted to develop 3.6% per yr to $1.6 billion in 2025. Plastic is predicted to say no in use because of sustainability issues. Sooner or later, producers of plastic clamshells are prone to incorporate extra recycled content material into packaging and work towards creating clamshells utilizing bioplastics.
3. Pandemic-Pushed Surge in House Cooking Enlivens Spice Packaging Market
Traditionally, packaging demand for spices, dry mixes, and extracts has skilled comparatively regular incremental development, however demand for these merchandise surged in 2020 because the pandemic led extra shoppers to cook dinner and bake at residence. From a excessive base in 2020, the demand for packaging used with spices, dry mixes, and extracts is forecast to develop 2.4% per yr to 1.1 billion in 2025.
Sustainability can be a key pattern on this market phase. McCormick and Morton have began shifting away from steel canisters (akin to the enduring Outdated Bay steel cans) towards plastic bottles to scale back their carbon footprint. McCormick has additionally pledged to attain 100% round plastics packaging in client merchandise by 2025.
Extra Meals Packaging Market Analysis
When you want extra market analysis, be sure you take a look at current meals packaging market analysis stories revealed by The Freedonia Group, a number one market analysis agency and division of MarketResearch.com.
You could find high-level client insights and drill all the way down to entry market information on particular segments, from egg packaging and produce packaging to child meals & method packaging and far more.
In regards to the creator: Sarah Schmidt is a Managing Editor at MarketResearch.com, a number one supplier of worldwide market intelligence services.
