Global Ambient Food Packaging Market Size To Worth USD 133.15 Billion By 2033 | CAGR Of 5.61%
Category: Food & BeveragesGlobal Ambient Food Packaging Market Size To Worth USD 133.15 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Ambient Food Packaging Market Size is to Grow from USD 77.13 Billion in 2023 to USD 133.15 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 5.61% during the projected period.
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Browse key industry insights spread across 231 pages with 110 Market data tables and figures & charts from the report on the "Global Ambient Food Packaging Market Size, Share, and COVID-19 Impact Analysis, By Material (Plastic, Paper & Paperboard, Glass, and Others), By Product Type (Flexible Packaging Products, and Rigid Packaging Products), By Application (Sauces & Condiments, Bakery & Confectionery, Pet Food, Fruits & Vegetables, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/ambient-food-packaging-market
Ambient food packaging refers to the practice of packing food items in pasteurized and sterilized containers in order to extend shelf life. The ambient food packaging market is the sector that develops packaging specifically for ambient or non-refrigerated food products. Ambient foods are products that can be stored at room temperature without needing to be refrigerated. They include, for instance, some drinks, dry snacks, and canned goods. The packaging is crucial to the safety, quality, and freshness of these products as well as their extended shelf life. One of the main market drivers is the rising demand for convenience foods and on-the-go snacks, particularly in urban areas where consumers look for easily consumable and portable goods. This market trend in the food packaging industry indicates that most consumers prefer ambient food items over others. Also, growing e-commerce and online grocery shopping will drive market growth. The growth of e-commerce and online grocery shopping has had a substantial impact on the packaging industry, especially ambient food packaging. A wide range of products, including ready meals, snacks, soups, sauces, and beverages, are in high demand for convenience foods. It is not limited to any specific group. However, the market is confronted with significant challenges, one of which is the increasing awareness of environmental issues and the need for sustainability.
The plastic segment dominates the market with the highest market share of the global ambient food packaging market during the projected period.
Based on the material, the global ambient food packaging market is divided into plastic, paper & paperboard, glass, and others. Among these, the plastic segment dominates the market with the highest market share of the ambient food packaging market during the projected period. The plastic segment of the market is dominant because plastic packaging has superior barrier qualities that protect food products from germs, moisture, gases, and other environmental elements. PET (polyethylene terephthalate) and PP are two plastic materials that have good barrier properties against moisture, gases, and external contaminants (polypropylene).
The rigid packaging products segment is anticipated to grow at the fastest pace during the projected timeframe.
Based on the product type, the global ambient food packaging market is categorized into flexible packaging products and rigid packaging products. Among these, the rigid packaging products segment is anticipated to grow at the fastest pace during the projected timeframe. Numerous factors, each of which influences the dynamics of the market, can be blamed for the rigid packaging products segment's dominance over the flexible packaging products segment in some product categories. Rigid packaging does offer certain benefits, though. For ambient food products, rigid packaging such as bottles, jars, and cans offers superior stability and protection.
The bakery & confectionery segment is anticipated to grow at the fastest pace during the projected timeframe.
Based on the application, the global ambient food packaging market is categorized into sauces & condiments, bakery & confectionery, pet food, fruits & vegetables, and others. Among these, the bakery & confectionery segment is anticipated to grow at the fastest pace during the projected timeframe. The category of bakeries and confections contains a wide variety of products, each with a distinct size, shape, and consistency. The ambient food packaging market caters to this diversity by offering a variety of packaging options for products ranging from delicate pastries to solid chocolates. Diverse packaging designs contribute to the overall visual appeal and usefulness of the packaging for these goods.
Asia Pacific is expected to hold the largest share of the global ambient food packaging market over the forecast period.
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Asia Pacific is expected to hold the largest share of the global ambient food packaging market over the forecast period. The rapidly growing markets for the product are China, India, and Japan. Changing lifestyles and an increase in disposable income are driving the demand for convenience foods and ambient food packaging.
North America is predicted to grow at the fastest pace in the global ambient food packaging market during the projected period. There are well-established packaging practices and stringent regulatory requirements in the area. The high demand for quick, portable meal options in the area affects the product's demand. The need for sustainable packaging is also being driven by the region's growing demand for packaging that is ecologically conscious.
Major vendors in the global ambient food packaging market are Huhtamaki Oyj, Tetra Pak, Mondi, Constantia Flexibles, Amcor Limited, DuPont, Ampac Packaging, SIG Group AG, Berry Global Inc., KM Packaging, Crown Holdings Inc., Sealed Air, Clondalkin Group, Sonoco, Coveris Group, and Others.
Recent Developments
- In January 2023, Cascades announced the introduction of a new closed produce basket composed of recyclable and repurposed corrugated cardboard. This new product is the newest in Cascades' line of environmentally friendly packaging options; it is an easy-to-recycle substitute for food packaging.
Key Target Audience
- MarketPlayers
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global ambient food packaging market based on the below-mentioned segments:
Global Ambient Food Packaging Market, By Material
- Plastic
- Paper & Paperboard
- Glass
- Others
Global Ambient Food Packaging Market, By Product Type
- Flexible Packaging Products
- Rigid Packaging Products
Global Ambient Food Packaging Market, By Application
- Sauces & Condiments
- Bakery & Confectionery
- Pet Food
- Fruits & Vegetables
- Others
Global Ambient Food Packaging Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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