Ambient Food Packaging Market Research Report – Global Forecast to 2023
Market Highlights
The use of sterilized and pasteurized packs to augment shelf life of products is motivating the market in the forecast period. Reports that investigate the packaging and transport industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is anticipated to increase market share with a CAGR of 6 % in the forecast period.
The rise in the preference for ambient food products is expected to enhance the ambient food packaging market in the upcoming period. As most of the food products are being shipped to diverse geographic markets, the need to ensure a longer shelf life is ensured by ambient food packaging. Moreover, the rising preference for sustainable food packaging materials is expected to benefit the market’s development in the forecast period.
Segmentation:
The segmental assessment of the ambient food packaging market has been segmented on the basis of material type, packaging type, and region. On the basis of packaging type, the ambient food packaging market has been into flexible packaging and rigid packaging. On the basis of the material, the ambient food packaging market is segmented into glass, metal, and plastic. On the basis of regions, the ambient food packaging market is segmented into North America, Europe, Asia Pacific, and others.
Detailed Regional Analysis
The regional assessment of the perishable food packaging market covers regions such as North America, Europe, Asia Pacific, and others. The ambient food packaging market is anticipated to observe extraordinary development in the forecast period. This is owing to the significantly growing demand from food packaging Industries. The governments, across regions, have set guidelines to reduce packaging wastage, which motivates the demand for environment-friendly packaging materials such as recyclable ambient food packaging. The noteworthy development in the e-commerce sector has also increased the development of ambient food packaging. The North American region was the top market with a market portion of more than 35% in 2016, while, the Asia Pacific region is the fastest mounting market in the forecast period. This is credited to the increasing demand for the packing of meat, fruits & vegetable, dairy products, and others in developing economies such as India and China.
Competitive Analysis
The optimistic synchronization achieved in the factors that encourage market growth has increased substantially. The availability of better production facilities in a strategic location is helping the competitors to offer better product experiences. The revitalization of capital venture inflow is expected to add strength to the market’s boom in the forecast period. The establishment of constructive trade policies by quite a few nations is expected to transform the market’s growth potential. The transformation in the economies of various developing nations around the world is estimated to reinforce the market progress outlook in the forecast period. The upgrades seen in the raw materials utilized by the market are expected to motivate market progress in the coming years. The market is presently undergoing a phase of meteoric developments. The recalibration of the supply chains to incorporate leanness and efficiency is expected to intensify consumer satisfaction, further adding to the future expansion in the market.
The noteworthy companies in the ambient food packaging market are RPC Group (U.K), Amcor Limited (Australia), SIG Combiblog Obeikan (Switzerland), FFP Packaging Solutions Ltd. (U.K), Rexam (U.K), Bemis (U.S.), Ampac (U.S), Dupont (U.S.), Mondi (South Africa), Tetra Pak (India), Excelsior Technologies (India) and KM Packaging (UK).
Industry Updates:
Feb 2019 KM Packaging has initiated two innovative KPeel Ambtort lidding films, to meet the multifaceted needs of the pet food market. The new launch is a part of the KPeel range, the two films are intended to endure the high temperatures of up to 123 degrees Celsius (253 Fahrenheit) exploited in retort sterilization, allowing to extend the shelf-life of ambient pet food products. This allows pet food manufacturers to transfer from a conventional tin can to a lighter-weight lid and tray solution without conceding on product shelf-life span.
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Global Ambient Food Packaging Market Report by Packaging Type (Rigid Packaging and Flexible Packaging), By Material Type (Metal, Glass, and Plastic) and By Region – Global Forecast to 2023
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