About Ready-to-Eat Food Packaging
Ready-to-eat food packing i.e. flexible packaging provides following benefits such as lighter, thinner, and compact innovative packing that is gaining attraction in the market. Complete processing, washing, drying, cooling, freezing, and packaging of ready-to-eat food must conform the guidelines of Food and Drug Administration (FDA) and it also defines that packed food should be cooked before eating or not. Flexible packaging offers superior performance and convenience due to retortable packaging. Ease of convenience related to the consumption of packaged food and increasing hectic working life will drive the growth of the market. Technological innovations are being seen in advanced packaging to keep food more healthy for the audience and increases its shelf life. The industry for food packaging is dynamic in nature and seen the highest growth due to introduction of new packaging styles. Coca-Cola’s sustainable Packaging Strategy is recently trending in the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD billion) |
CAGR | 6.9% |
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make technical up-gradations in the food packaging Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Ready-to-Eat Food Packaging market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Premier Foods Group Ltd. (England), ConAgra Foods Inc. (United States), Bakkavor Foods Ltd. (London), Greencore Group Plc. (Ireland), General Mills (United States), McCain Foods (Canada), ITC Limited (India), Orkla ASA (Norway), Nomad Foods Ltd. (United Kingdom) and 2 Sisters Food Group (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Bird’s Eye Ltd. (United States), Findus Group Ltd. (Sweden) and MTR Foods (India).
Segmentation Overview
AMA Research has segmented the market of Global Ready-to-Eat Food Packaging market by Type (Retort, Chilled or frozen, Canned and Others), Application (Direct Sales, Specialty store, Departmental/convenience store, Hypermarket/supermarket, Online store and Others) and Region.
On the basis of geography, the market of Ready-to-Eat Food Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Adoption of fast food due to busy life styles and Increasing online buying of product owing to attracting discounts
Market Growth Drivers:
Increment in count of working women ultimately increases demand for ready-to-eat food and Availability of various tastes and varieties
Restraints:
Increasing health awareness among the customers and Realization of side effects of such a packed food
Opportunities:
Continuous improvement in standard of living and Increasing expenditure on food products due to high disposal income
Key Target Audience
Food Manufacturers, Food Distributors/Traders/Wholesalers, Food Sub-component Manufacturers, Industry Association, Packaging industries and Raw material manufacturer
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.