Ready to eat products are the food that require no or minimum cooking. These foods are shelf-stable, can be refrigerated, and need less heating and also served hot to the consumers. Generally, these types of foods must be consumed within 24 hours or also within 7 days of their production. The refrigerated ready-to-eat foods are possibly risky to consume especially after the given date as mentioned on the packaging of the product. Hence, these foods are specially marked with preparation date and are specially discarded if they are not consumed within 7 days from the production date. The ready-to-eat foods, besides being available at the general stores and others, are today also available online and in comparatively less price.
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In addition to this, there are few technological advanced for the food processing, that will improve the processing of the ready to eat and make them even safer to consume. The manufacturing companies of ready-to-eat foods are gaining higher interest in the improved technology named ‘High Pressure Processing’. Also frozen food technology is emerging and considerable interest shown by the food producers. Moreover, freeze drying and vacuum frying is introduced for fried snacks. Producers are also adopting sugar reduction technology in order to make chocolate sweeter.
The leading companies of the market are using new product launches, acquisition, joint ventures, and expansion as growth and development strategies. This report provides analyses of the prominent players and the strategies used by them to maintain their market position. Key players such as Amcor Ltd. (Australia), Rock-Tenn Company (U.S.), Sealed Air Corp. (U.S.), Nuconic Packaging LLC (U.S.), Tetra Pak International S.A. (Switzerland), and Crown Holdings, Inc. (U.S.) have been profiled in the report.
The market in the U.S. is expected to be fueled by increasing urban population leading to growth in consumption of packaged food and rising popularity of single-serve packs. The market is also supported by an increasing infrastructure for the recycling of plastics, metals, and glass however, concerns regarding wastage due to improper packaging may hamper the growth.
On the basis of materials for food packaging, the market was sub-segmented as follows:
- Paper & board
- Rigid plastic
- Flexible plastic
- Others (Wood and textile)
On the basis of types of food packaging , the market was sub-segmented as follows:
On the basis of applications of food packaging , the market was sub-segmented as follows:
- Convenience foods
- Dairy products
- Fruits & vegetables
- Sauces, dressings and condiments
- Others (whole grain food, pulses, and oil)
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The recent study of the Global Food Packaging Market provides the market size information and market trends along with the factors and parameters impacting it in both the short and long term. The report ensures a 360-degree assessment, bringing out the complete key insights of the industry. These insights help the business decision-makers to make better business plans and informed decisions for the future business. In addition, the study helps the venture capitalist in understanding the companies better and take informed decisions.
This report includes market size, in terms of value ($million). It provides both, qualitative and quantitative analyses of the food packaging market, the competitive landscape, and the preferred development strategies of key players.
The key players invest heavily in the expansion of their business and development of new food packaging material to maintain a competitive edge in the market. The key players were observed to prefer new joint ventures, agreements, collaborations, and expansions as strategies to enhance their production facilities and acquire a larger share in the market. The report provides a complete analysis of the key companies and a chronology of developments with respect to new products and their applications. It also analyzes the market dynamics, winning imperatives, and issues faced by the leading players.
Table of Content :
1 RESEARCH SCOPE
1.1 Research Product Definition
1.2 Research Segmentation
1.2.1 Product Type
1.2.2 Main product Type of Major Players
1.3 Demand Overview
1.4 Research Methodology
2 GLOBAL FOOD PACKAGING INDUSTRY
2.1 Summary about Food Packaging Industry
2.2 Food Packaging Market Trends
2.2.1 Food Packaging Production & Consumption Trends
2.2.2 Food Packaging Demand Structure Trends
2.3 Food Packaging Cost & Price
3 MARKET DYNAMICS
3.1 Manufacturing & Purchasing Behavior in 2020
3.2 Market Development under the Impact of COVID-19
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Companies offer extensive product customization in an attempt to increase their share and augment their revenue. They strive to replace existing materials with biodegradable ones in order to meet changing government standards. Large number of companies are integrated across the value chain and indulge in captive consumption of raw material in order to reduce production cost.
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