The global ambient food packaging market size was valued at USD 78.26 billion in 2023. The industry is expected to expand from USD 81.54 billion in 2024 to USD 122.15 billion by 2032, exhibiting a CAGR of 5.18% over the study period.
Ambient food products are items that can be stored at room temperature without requiring refrigeration, including canned items, dry snacks, and some beverages. The products’ packaging plays a vital role in the assurance of longer shelf life and maintenance of the quality, safety, and freshness of the food. The surge in online grocery shopping and e-commerce is accelerating the market growth. The requirement for packaging solutions that ensure and secure the delivery of ambient food products is increasing owing to the growing number of consumers opting for online purchases.
A rise in the demand for packaged and processed foods, such as ambient products that do not need refrigeration, was observed amid the COVID-19 pandemic, with growth in concerns associated with food item safety and hygiene. In addition, the food industry witnessed both ups and downs throughout the crisis despite the overwhelming negative impact of the pandemic in many areas. Fortune Business Insights™ provides this information in its research report, titled “Ambient Food Packaging Market, 2024-2032”.
List of Key Players Mentioned in the Report:
Huhtamaki Oyj (Finland), Tetra Pak (Switzerland), Mondi (U.K.), Constantia Flexibles (Austria), Amcor Limited (Switzerland), DuPont (U.S.), Ampac Packaging (U.S.), SIG Group AG (Switzerland), Berry Global Inc. (U.S.), KM Packaging (U.K.), Crown Holdings Inc. (U.S.), Sealed Air (U.S.), Clondalkin Group (Netherlands), Sonoco (U.S.), Coveris Group (Austria), Stora Enso (Finland), O-I Packaging Solutions (U.S.), Silgan Holdings Inc. (U.S.), COEXPAN (Spain), WINPAK LTD. (Canada)
Segmentation:
Exceptional Barrier Attributes Delivered by Plastic to Propel Segment Growth
By material, the market is classified into paper & paperboard, glass, plastic, and others. The plastic segment occupies the largest share. Exceptional barrier features against gases, moisture, and external contaminants are often showcased by plastic materials, including PP (polypropylene) and PET (polyethylene terephthalate).
Superior Protection Delivered by the Solution to Rigid Packaging Products to Boost Segment Growth
In terms of product type, the market is categorized into rigid packaging products and flexible packaging products. The flexible packaging products segment registers the largest ambient food packaging market share. Superior stability and protection for ambient food products are offered by rigid packaging such as cans, jars, and bottles.
Portable Alternatives Delivered by the Solution to Impel the Bakery & Confectionery Segment Expansion
By application, the market is divided into fruits & vegetables, pet food, sauces & condiments, bakery & confectionery, and others. The bakery & confectionery segment leads the market. Ambient food packaging allows portable and convenient options for consumers who want to enjoy candies, pastries, or cookies without refrigeration.
Regionally, the market is segregated into Europe, North America, the Middle East & Africa, Latin America, and Asia Pacific.
Source- https://www.fortunebusinessinsights.com/ambient-food-packaging-market-109226
Report Coverage
The competitive strategies adopted by leading players have been mentioned in the report. Besides this, the report provides a comprehensive coverage of the driving factors proliferating the market growth. It also highlights the major trends, industry developments, and the impact of the COVID-19 pandemic on the market growth.
Drivers and Restraints:
Surging Demand for Convenience Food to Drive Market Growth
The ambient food packaging market growth is impelled by an increase in the demand for convenience food. Easily accessible and convenient food alternatives that do not need refrigeration are being preferred by consumers, specifically in urban locations.
However, the growing waste produced by single-use plastic may impede market growth.
Regional Insights:
Asia Pacific Dominates Due to Quickly Growing Market in Nations
Asia Pacific secures the largest ambient food packaging market share. This can be credited to the presence of a rapidly expanding market for ambient food packaging in Japan, India, and China.
Europe market is poised to observe substantial growth in the coming years due to tightening regulations pertaining to environmental impact and food packaging safety.
Competitive Landscape:
Leading Players Deploy Product Development Strategies to Expand Their Product Catalog
The ambient food packaging market displays a highly fragmented and competitive landscape. It is dominated by certain top companies through innovative packaging offerings in the packaging industry. Product development strategies are being adopted by leading companies to stand out from the competition while broadening their portfolio.
Key Industry Development:
May 2022 - Berry Global announced to release a new range of hot fill sauce bottles. These bottles have the latest curved design in clear polypropylene (PP) and offer a large labeling area.