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Ready-to-Eat Food Packaging Market Size

  • Report ID: GMI12221
  • Published Date: Nov 2024
  • Report Format: PDF

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 market is experiencing significant shifts driven by evolving consumer preferences, technological advancements, and sustainability efforts. In the b2b landscape, food producers and delivery services are increasingly demanding innovative packaging solutions that offer both convenience and extended shelf life, while maintaining product freshness and safety.

 

Consumers are prioritizing health, leading to a rise in demand for packaging that preserves the nutritional quality of organic and plant-based ready-to-eat meals. The industry is also witnessing a shift towards sustainable materials, such as biodegradable, compostable, and recyclable options, as environmental concerns gain importance. New technologies, including smart packaging with sensors and ready-to-eat food packaging (map), are enhancing product longevity and ensuring food safety. Companies are focusing 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 unveiled a new range of innovative fibre-based hot-to-go packaging designed to meet the growing demand for convenient hot meals while addressing sustainability concerns. This new offering features a recyclable “heat in pack, eat in pack” design, allowing consumers to heat their meals directly in the packaging and enjoy them on the go.
 

Authors: Suraj Gujar , Kanhaiya Kathoke

Frequently Asked Questions (FAQ) :

The global ready-to-eat food packaging industry was valued at USD 84.2 billion in 2023 and is estimated to grow at a 6.2% CAGR from 2024 to 2032, driven by evolving consumer preferences and technological advancements.

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, primarily due to advancements in material technology and consumer demand for convenience.

North America dominated the ready-to-eat food packaging industry with a market share of over 35% in 2023, driven by rising consumer demand for convenient and high-quality meal solutions.

Key players in the industry include Amcor, Berry Global, Constantia Flexibles, Coveris, Ester Industries, GualaPack, Huhtamaki, Mondi, and Novolex.

Ready-to-Eat Food Packaging Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 680
  • Countries covered: 18
  • Pages: 420
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