PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1638854
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1638854
Ready-to-Eat Food Packaging Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Ready-To-Eat Food Packaging Market, valued at USD 84.2 billion in 2023, is projected to grow at a CAGR of 6.2% from 2024 to 2032. This growth is fueled by changing consumer preferences, technological innovations, and a growing emphasis on sustainability. In the business-to-business (B2B) sector, food producers and delivery services seek packaging solutions that offer convenience, extended shelf life, and enhanced product freshness and safety.
Consumers are becoming increasingly health-conscious, driving the demand for packaging that helps maintain the nutritional integrity of organic and plant-based ready-to-eat meals. Additionally, there is a noticeable shift toward sustainable packaging materials, such as biodegradable, compostable, and recyclable options, reflecting the growing environmental concern. Emerging technologies, including smart packaging with sensors and modified atmosphere packaging (MAP), improve food safety and product longevity, further contributing to market expansion.
The market is segmented by packaging type into rigid, flexible, and semi-rigid categories. Among these, the flexible packaging segment is expected to grow, with a projected CAGR of 7%, reaching USD 80 billion by 2032. Flexible packaging, including pouches and films, is gaining popularity due to advances in material technology and the increasing consumer demand for convenience. These solutions offer superior sealing properties that preserve product quality, enhance safety, and extend shelf life, making them highly attractive to food manufacturers.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $84.2 Billion |
| Forecast Value | $144.5 Billion |
| CAGR | 6.2% |
In terms of 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. Ready-to-eat meals lead the market, commanding a 34% share in 2023. This segment is experiencing significant growth, driven by consumers' desire for convenience without compromising quality. Advanced packaging technologies are being used to preserve the freshness, texture, and flavor of these meals, catering to the growing demand for high-quality, ready-to-eat options.
North America is the largest market for ready-to-eat food packaging, generating a 35% share in 2023. The U.S. market benefits from the increasing consumer demand for convenient, high-quality meal solutions. Ready-to-eat packaging is widely used in a range of products, focusing on food safety and prolonging shelf life. Major packaging companies are at the forefront of innovation, continuously developing advanced packaging solutions that enhance product safety and freshness.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Disruptions
- 3.1.3 Future outlook
- 3.1.4 Manufacturers
- 3.1.5 Distributors
- 3.2 Profit margin analysis
- 3.3 Key news & initiatives
- 3.4 Regulatory landscape
- 3.5 Impact forces
- 3.5.1 Growth drivers
- 3.5.1.1 Increasing consumer demand for convenience foods
- 3.5.1.2 Advancements in packaging technologies
- 3.5.1.3 Expansion of e-commerce and food delivery services
- 3.5.1.4 Increasing urbanization and rising disposable income
- 3.5.1.5 Focus on sustainability and eco-friendly packaging
- 3.5.2 Industry pitfalls & challenges
- 3.5.2.1 Environmental concerns and regulatory pressure
- 3.5.2.2 High costs of advanced packaging materials
- 3.5.1 Growth drivers
- 3.6 Growth potential analysis
- 3.7 Porter's analysis
- 3.8 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Material, 2021-2032 (USD Billion & Kilo Tons)
- 5.1 Key trends
- 5.2 Plastics
- 5.3 Paper and paperboard
- 5.4 Metal
- 5.5 Glass
- 5.6 Others
Chapter 6 Market Estimates & Forecast, By Packaging Type, 2021-2032 (USD Billion & Kilo Tons)
- 6.1 Key trends
- 6.2 Rigid packaging
- 6.3 Flexible packaging
- 6.4 Semi-rigid packaging
Chapter 7 Market Estimates & Forecast, By Product, 2021-2032 (USD Billion & Kilo Tons)
- 7.1 Key trends
- 7.2 Boxes and cartons
- 7.3 Cans
- 7.4 Cups and bowls
- 7.5 Films and wraps
- 7.6 Pouches
- 7.7 Trays
- 7.8 Others
Chapter 8 Market Estimates & Forecast, By Application, 2021-2032 (USD Billion & Kilo Tons)
- 8.1 Key trends
- 8.2 Ready-to-eat meals
- 8.3 Instant noodles and pasta
- 8.4 Snacks and confectionery
- 8.5 Meat and seafood
- 8.6 Fruits and vegetables
- 8.7 Others
Chapter 9 Market Estimates & Forecast, By Region, 2021-2032 (USD Billion & Kilo Tons)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
Chapter 10 Company Profiles
- 10.1 Amcor
- 10.2 Berry Global
- 10.3 Constantia Flexibles
- 10.4 Coveris
- 10.5 Ester Industries
- 10.6 GualaPack
- 10.7 Huhtamaki
- 10.8 Mondi
- 10.9 Novolex
- 10.10 Pactiv Evergreen
- 10.11 PPC Flex
- 10.12 ProAmpac
- 10.13 Sealed Air
- 10.14 Sonoco Products
- 10.15 Tetra Pak
- 10.16 Toppan
- 10.17 Transcontinental
- 10.18 WestRock
- 10.19 Wipak
