Technavio’s global ambient food packaging market research report forecasts the market to grow at a CAGR of almost 4% during the forecast period.
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Technavio has published a new market research report on the global ambient food packaging market for the period 2018-2022. (Graphic: Business Wire)
The adoption of eco-friendly packaging will be one of the major trends in the global ambient food packaging marketduring 2018-2022. The vendors are adopting eco-friendly packaging options as they reduce the harmful impact on environment and health. Therefore, there has been an increase in the use of eco-friendly packaging options such as metal cans that use up to 80% recycled metal.
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According to Technavio analysts, one of the key drivers for the global ambient food packaging market is the growing need for increasing the shelf life of packaged food:
Global ambient food packaging market: Demand for the long shelf life of packaged food
By increasing the shelf life of a product, the food and beverage and FMCG firms can attain maximum benefit from a product category. The increase in shelf life of a product helps in reducing the amount of product loss due to early expiry. The loss incurred due to the early expiry of products is higher than the cost incurred by inventory carrying. Hence, the introduction of many packaging technologies and the addition of various additives have helped supply chains to rely on shelf life extension solutions.
According to a senior analyst at Technavio for research on packaging, “One of the major shelf life extension solutions is the ambient food packaging technology. The shelf life of freshly cut fruits and vegetables can be increased by 24 to 48 hours by using ambient food packaging technology. The long shelf life of food products leads to less frequent production cycle that provides better visibility in the supply chain. This is driving the global ambient food packaging market.”
Global ambient food packaging market: Segmentation analysis
This global ambient food packaging market analysis report provides market segmentation by application (meat, poultry, and seafood, pasta and noodle, sauces, dressings and condiments, fruits and vegetables, and other foods) and by region (the Americas, APAC, and EMEA). This report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Among all the major application segments, the meat, poultry, and seafood segment held the largest ambient food packaging market share in 2017, accounting for over 30% of the market. This application segment will dominate the global market throughout the forecast period.
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Some of the key topics covered in the report include:
Five Forces Analysis
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