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Base Year: 2023
Companies covered: 17
Tables & Figures: 325
Countries covered: 18
Pages: 290
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Ready-to-Eat Food Packaging Market
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Ready-to-Eat Food Packaging Market Size
The global ready-to-eat food packaging market was valued at USD 84.2 billion in 2023 and is estimated to grow at a CAGR of 6.2% from 2024 to 2032.
The ready-to-eat food packaging market is being influenced by evolving consumer preferences, technological advances, and efforts for sustainability. Consumers' health concerns have led to a surge in demand for packaging that maintains the nutritional quality of organic and plant-based ready-to-eat meals. In addition, there is a trend toward using biodegradable, compostable, and recyclable materials due to increased awareness about environmental issues. Companies are now working on reducing food waste, optimizing packaging materials, and enhancing recyclability to meet consumer and regulatory demands for more eco-friendly solutions, shaping the market towards greener and more innovative packaging strategies.
For instance, In July 2024, Coveris launched a new line of innovative fiber-based hot-to-go packaging designed to meet the rising demand for convenient hot meals and at the same time respond to the concerns on sustainability. This new offering has a recyclable "heat in pack, eat in pack" design that lets consumers heat their meals directly in the packaging and eat them on the go.
Ready-to-Eat Food Packaging Market Trends
The ready-to-eat packaging market is evolving due to shifting consumer demands and technological advancements. The food industry, including food manufacturers and delivery companies, now places a great deal of importance on packaging that provides convenience, longer shelf life, and maintains freshness and safety. As consumers become more health-conscious, there is a growing demand for RTE meals that are not only convenient but also nutritious. Packaging is very critical to maintain nutritional value in the products by keeping away contamination and spoilage. In addition, consumers require ingredients and nutrients from the RTE foods, which necessitated proper packaging that is informative, attractive, and carries information clearly. Now companies orient the packaging system towards hygiene and proper food integrity of organic and preservative-free foods. This is driving innovation in materials that prevent oxidation and extend the shelf life of healthier, less processed foods.
Ready-to-Eat Food Packaging Market Analysis
The market is experiencing significant growth due to increased demand for convenience in meal preparation, primarily from urban dwellers. The sector holds immense opportunities, especially in the area of sustainable packaging products that aim to align with consumer desire for eco-friendly products. Challenges, however, include restrictions on food safety and packaging materials, which might serve to slow down innovation and add costs. Apart from these, frequent changes in the raw material costs and possible bottlenecks due to supply chain interruption are some issues that manufacturers encounter. However, the trend for a healthy diet and also the growth in food delivery with e-commerce boosts the development in this market to make companies look for innovation based on changing requirements in consumption.
Based on packaging type the ready-to-eat food packaging market is segmented into rigid packaging, flexible packaging, and semi-rigid packaging. The flexible packaging segment is projected to grow at a CAGR of over 7% and is expected to reach over USD 80 billion by 2032.
Based on application, the ready-to-eat food packaging market is divided into ready-to-eat meals, instant noodles, snacks and confectionery, meat and seafood, fruits and vegetables and others. The ready-to-eat meals segment is dominating the market with a market share of over 34% in 2023.
North America dominated the ready-to-eat food packaging market with a market share of over 35% in 2023. This type of pack is now becoming common for salads, sandwiches, and any other type of ready-to-eat meals with a focus on food safety and shelf life. Most packaging companies are helping to innovate in this area by providing enhanced solutions for product freshness and safety.
Strict food safety regulations and emphasis on sustainability drive the market in Europe. The increasing demand for products with longer shelf lives and fewer preservatives from European consumers further increases the demand for innovative packaging solutions. Increasing demand for convenience foods and the growth of online grocery shopping are compelling large investments in advanced packaging technologies.
The UK's ready-to-eat food packaging market is also experiencing a revolution due to changing consumer preference and sustainability issues. Convenience and time-saving products are in high demand, and this is why tray, bowl, and resealable pouch formats are getting popular. In the UK, consumers are seeking healthier and fresher options. Packaging innovations preserve product freshness and shelf life without the use of artificial preservatives. Meanwhile, the UK market is experiencing a trend towards environmental friendly packaging materials.
The ready-to-eat food packaging industry in China is growing at a rapid pace, driven by increasing urbanization, busy lifestyles, and strong demand for convenience foods. The trend in China is more towards innovative packaging solutions that are easy to use, have extended shelf life, and are sustainable. Single-serve packaging formats, such as sealed cups and pouches, are very popular because they are convenient for on-the-go consumption. There is also an increasing demand for eco-friendly packaging due to increased consumer awareness of environmental issues.
The ready-to-eat food packaging market in India is growing fast with the developing middle-class population, rising disposable incomes, and changing food consumption patterns. The demand for RTE foods is increasing more rapidly in the urban centers as more people are engaged in busy lives and nuclear families are on the rise. Indian packaging trends reveal portability, convenience, and shelf life. More and more pouches, cups, and trays with tamper-evident seals are now highly in demand since they are considered safe and hygienic.
The market in South Korea is characterized by high consumer demand for convenience, hygiene, and product quality. South Koreans are opting for RTE food solutions that are quick, easy, and fresh, given their highly urbanized population and busy lifestyle. The trend is toward compact, well-sealed packaging that ensures freshness and ease of consumption, such as microwavable pouches, vacuum-sealed packs, and single-serve containers. In addition, healthy and wellness-based packaging, transparent labeling, and clear packaging is becoming the need of the times.
Ready-to-Eat Food Packaging Market Share
The market is highly competitive as it has industry leaders like Amcor, Berry Global, and DS Smith that are able to capture the burgeoning demand from the consumers for convenience meal solutions based on broad portfolios of products and advanced technologies besides robust distribution networks. Their strategy is innovation and significant investment in research and development to develop high-performance films, eco-friendly materials, and smart packaging solutions.
Sustainability has been a key differentiator that has forced manufacturers to develop recyclable and biodegradable options for changing consumer preferences and regulatory requirements. As market expand, the business has to be responsive to the changing landscape of the consumer, technological advancement, and environmental issues that make the market highly dynamic and changing.
Ready-to-Eat Food Packaging Market Companies
Major players operating in the ready-to-eat food packaging industry are:
Ready-to-Eat Food Packaging Industry News
This ready-to-eat food packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) volume (Kilo Tons) from 2021 to 2032, for the following segments:
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Market, By Material
Market, By Packaging Type
Market, By Product
Market, By Application
The above information is provided for the following regions and countries: