PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1587650
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1587650
According to Stratistics MRC, the Global Airline Food Packaging Market is accounted for $2.6 billion in 2024 and is expected to reach $4.1 billion by 2030 growing at a CAGR of 7.5% during the forecast period. Airline food packaging is a crucial aspect of aviation, containing specialized containers and materials used for storing, transporting, and serving meals on airplanes. It meets strict regulations for hygiene, safety, and durability. Key features include lightweight construction, portion control, and high-quality materials like aluminum foil, plastic, biodegradable paper, and composites. These packages also include compartments for hot meals, cold sides, and beverages, along with sealed utensils. Eco-friendly materials are gaining traction to reduce waste and align with the airline industry's environmental goals.
According to AFRY and Suzano PaperLine, the global consumption of paper is expected to increase from 415 million metric tons in 2022 to 476 million metric tons in 2032. As online shopping continues to rise, the demand for sustainable and efficient packaging solutions will grow.
Increasing preference for ready-to-eat meals and snacks
Airlines are shifting towards biodegradable and compostable materials to meet environmental goals and regulatory mandates. Packaging suppliers are innovating with materials like bagasse, PLA, and recycled paper products. In addition the demand for recyclable packaging materials, such as aluminum and paper-based packaging, is also increasing, creating a demand for more easily reprocessed options in airline food packaging market.
Fluctuating raw material prices
Volatile raw material prices, particularly for plastics, aluminum, and paper, increase production costs for packaging manufacturers, straining budgets in industries with thin profit margins. This, fluctuating prices reduce profitability for both manufacturers and airlines, leading to compromises on quality or delayed product innovations, potentially resulting in less optimal packaging solutions for airlines hampering its growth in the market.
Rising global travel and tourism
As air travel becomes more accessible, airlines are boosting their food packaging solutions to meet the growing demand for in-flight meals and snacks. This shift is driven by the growing demand for quality and variety in culinary experiences, necessitating innovative packaging that maintains food quality, presentation, and safety during transport, thereby enhancing the overall passenger experience encouraging markets presence.
Environmental concerns around single-use packaging
Regulatory bodies worldwide are imposing strict environmental regulations on single-use plastics, forcing airlines and suppliers to quickly transition to compliant packaging materials. This requires more resources, time, and redesigns of existing solutions. Continuous monitoring and compliance updates are necessary for airlines and suppliers to stay compliant, adding complexity and operational costs. Failure to comply can result in fines and reputational damage.
The COVID-19 pandemic had a profound negative impact on the airline food packaging market. With travel restrictions and reduced passenger numbers, airlines significantly cut back on in-flight services, leading to a decrease in demand for food packaging solutions. Additionally, the uncertainty surrounding the pandemic prompted airlines to reassess their food service strategies, further complicating recovery efforts in the airline food packaging sector as operations gradually resumed post-pandemic.
The trays segment is expected to be the largest during the forecast period
Over the estimation period, the trays segment is likely to capture the largest market share because trays streamline meal service for flight crew by allowing multiple items to be served simultaneously, reducing service time and enabling better management during shorter flights and busy schedules. They are stackable, making storage in limited galley areas easier and allowing quick access during meal distribution and cleanup which increases its demand in the market.
The flexible packaging segment is expected to have the highest CAGR during the forecast period
The flexible packaging segment is projected to have the highest CAGR in the airline food packaging market during the extrapolated period because flexible packaging materials like pouches, films, and wraps are lighter than rigid options, reducing weight on flights and fuel consumption. This is beneficial for airlines aiming to cut operational costs and improve sustainability. Additionally, flexible packaging takes up less space, allowing airlines to store and transport more items in limited storage capacity, leading to lower logistical expenses in galleys.
The North America region is projected to account for the largest market share during the forecast period owing to enhanced operational efficiency, reduce food waste, and lower fuel and logistics costs for airlines. They also enhance brand differentiation by aligning high-quality; customized packaging with service offerings, attracting and retaining customers comply with health and safety standards, ensuring safe and hygienic meals for passengers in a competitive market.
Over the forecasted timeframe, the Asia Pacific region is anticipated to exhibit the highest CAGR due to its significant contribution to packaging waste. The industry is increasingly adopting sustainable practices to reduce its environmental footprint. This shift towards eco-friendly solutions is crucial for minimizing waste, conserving resources and the lighter packaging materials can reduce fuel consumption during flights, lowering carbon emissions thus propelling the market growth.
Key players in the market
Some of the key players in Airline Food Packaging Market include Aeroservey, Avio Pack Co. Ltd, Bordex Packaging, Econo-Pak, Form Plastics, Hulamin, KM Packaging Services Ltd, Lovell Industries, Monty's Bakehouse, Sowinpak and Taixing Group
In October 2024, Avio Usa and Acmi Properties partnered to design a new solid rocket motor production facility in The United States. The project targets a potential investment in the U.S. industrial base to support the rapid increase in demand for solid rocket motors in the defense and aerospace industries.
In July 2024, AVIO S.p.A. and U.S. army combat capabilities development command aviation & missile center partner for the development and fast-prototyping of a solid rocket motor for surface-to-air applications.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.