In today’s fast-paced world, food packaging plays a crucial role in ensuring the safety, quality, and shelf-life of products. In recent years, the ambient food packaging industry has seen significant growth and innovation to meet the changing needs of consumers and businesses alike. In this blog post, we will explore the latest statistics and trends shaping the ambient food packaging industry, giving insights into the key drivers and challenges facing this dynamic sector. Stay tuned to discover the latest developments and opportunities in this rapidly evolving field.
The Latest Ambient Food Packaging Industry Statistics Explained
The global Ambient Food Packaging market size was valued at USD 58.4 billion in 2019.
The statistic stating that the global Ambient Food Packaging market size was valued at USD 58.4 billion in 2019 indicates the total value of all ambient food packaging products sold worldwide during that year. The market size represents the overall economic significance of the ambient food packaging industry, which includes packaging materials and technologies used to preserve and protect food products at room temperature. This large market size highlights the importance of ambient food packaging in ensuring food safety, quality, and shelf life, as well as the significant economic impact of the industry on a global scale.
The Ambient Food Packaging market is projected to reach USD 82.0 billion by 2025.
The statistic states that the Ambient Food Packaging market is forecasted to attain a total value of USD 82.0 billion by the year 2025. This projection suggests a significant growth potential for the industry over the specified time frame, indicating increased demand for ambient food packaging products and services. Factors driving this market expansion could include evolving consumer preferences, technological advancements, regulatory changes, and the continuous expansion of the food and beverage industry globally. The projected value serves as a key indicator for businesses, investors, and policymakers to anticipate trends and make informed decisions within the ambient food packaging sector.
The industry is anticipated to grow with a CAGR of 5% from 2020 to 2025.
This statistic indicates that the industry is expected to experience a Compound Annual Growth Rate (CAGR) of 5% over the period from 2020 to 2025. CAGR is a measure used to represent the geometric progression that provides a constant rate of return over a specified time period. In this context, it suggests that the industry is projected to expand steadily at an average annual growth rate of 5% over the specified five-year period, indicating a positive outlook for the industry’s overall growth and development. The CAGR provides a standardized way to evaluate the growth trajectory of the industry and can help stakeholders make informed decisions regarding investments, strategic planning, and market opportunities within this sector.
The rigid packaging segment was the biggest portion of the market in 2019, with 60% of the total share.
The statistic that states the rigid packaging segment was the largest portion of the market in 2019, accounting for 60% of the total share, implies that the market for packaging materials was dominated by rigid packaging types such as glass, metal, or rigid plastics. This information suggests that the demand for rigid packaging was significantly higher compared to other types of packaging materials like flexible packaging, paper-based packaging, or cardboard. Companies within the rigid packaging industry likely experienced a large market presence and potentially higher revenues due to the substantial market share they held in 2019. The statistic highlights the importance of understanding market dynamics and consumer preferences when it comes to packaging choices.
The market in Asia-Pacific region is projected to witness the fastest growth over the forecast period owing to increasing demand for ready-to-eat products.
The statistic suggests that the market in the Asia-Pacific region is expected to experience rapid expansion in the upcoming period, primarily driven by a rising consumer preference for ready-to-eat food products. This trend reflects evolving dietary habits, busy lifestyles, and increasing urbanization in the region. The demand for convenience foods, such as ready-to-eat products, is anticipated to surge due to factors like time constraints, convenience, and changing food consumption patterns. As a result, food manufacturers and retailers in the Asia-Pacific market are likely to focus on catering to this growing demand for convenient and easy-to-prepare meal options, thereby contributing to the projected fastest growth in this region over the forecast period.
North America was the second-largest region of the Ambient Food Packaging industry in 2019.
The statement ‘North America was the second-largest region of the Ambient Food Packaging industry in 2019’ indicates that in 2019, North America held the second-highest market share within the Ambient Food Packaging sector, in terms of either revenue, production volume, market size, or another relevant metric. This statistic suggests that North America was a significant player in the global Ambient Food Packaging industry during the specified year, ranking behind another region in terms of industry size and influence. Understanding regional market shares can provide valuable insights for businesses and policymakers seeking to assess market dynamics, identify growth opportunities, and formulate strategic decisions within the Ambient Food Packaging sector.
The food and beverage sector accounts for just over 5% of the world’s gross domestic product (GDP).
The statistic that the food and beverage sector accounts for just over 5% of the world’s gross domestic product (GDP) indicates the significant economic contribution of this sector on a global scale. This statistic implies that the production, distribution, and consumption of food and beverages play a substantial role in driving economic activity and generating income worldwide. As one of the largest and most essential sectors in the global economy, the food and beverage industry not only provides sustenance for populations but also creates jobs, stimulates trade, and supports various related industries along its value chain. Monitoring the performance and trends within the food and beverage sector can offer valuable insights into the overall health and dynamics of the global economy.
The beverage packaging segment is anticipated to grow at the highest CAGR during the forecast period.
This statistic indicates that among all segments in the industry, beverage packaging is expected to experience the highest Compound Annual Growth Rate (CAGR) over the forecast period. This suggests that the demand for beverage packaging materials and solutions is projected to increase at a faster pace compared to other segments within the industry. Factors driving this anticipated growth may include shifting consumer preferences towards convenience and sustainability, increased consumption of beverages, and advancements in packaging technology. The higher CAGR in the beverage packaging segment signals potential opportunities for companies operating in this space to capitalize on the expanding market and strategically position themselves for growth.
The Ambient Food Packaging Market in Europe is anticipated to grow at a substantial rate during 2021-2026 due to rising demand from food and beverage industry.
This statistic suggests that there is an expected significant increase in the ambient food packaging market within Europe over the period of 2021 to 2026. The growth is primarily driven by an increasing demand from the food and beverage industry for ambient packaging solutions. Ambient food packaging refers to packaging materials and technologies that help maintain food products at room temperature for extended periods without the need for refrigeration. The anticipated growth in the market indicates a positive trend in the industry, possibly due to factors such as changing consumer preferences, technological advancements in packaging solutions, and a focus on sustainability and convenience in food packaging practices.
The top three vendors in the global food packaging market: Amcor, Bemis, and Berry Plastics held around 15% of the market share in 2016.
The statistic indicates that in 2016, the global food packaging market was dominated by the top three vendors, namely Amcor, Bemis, and Berry Plastics, which collectively held approximately 15% of the total market share. This suggests that these three companies were significant players in the industry and had a substantial impact on market dynamics and competition. Their strong market presence and combined market share demonstrate their competitive advantage and influence in the food packaging sector, highlighting their importance in shaping trends and strategies within the market during that year.
The flexible packaging segment is projected to witness significant growth over the forecast period.
The statement suggests that the flexible packaging industry is expected to experience substantial expansion and progress in the future. This growth could be driven by various factors such as increasing consumer demand for convenient and sustainable packaging solutions, advancements in technology leading to innovative packaging designs, and the adoption of flexible packaging by various industries including food and beverage, pharmaceuticals, and personal care products. Overall, the statistic indicates a positive outlook for the flexible packaging sector, with opportunities for increased market share, revenue growth, and industry development over the forecast period.
The market share of caps and closures in global ambient food packaging market is expected to be around 30% in 2023.
This statistic indicates that caps and closures are anticipated to account for approximately 30% of the overall market share in the global ambient food packaging industry by the year 2023. This suggests that caps and closures play a significant role in the packaging of ambient food products, highlighting their importance in preserving food quality and ensuring product integrity. This projection also indicates that caps and closures are likely to remain a key component of ambient food packaging solutions, reflecting the continued demand for such packaging in the market.
The bakery and confectionery sector held the largest market share of about 30.4% in 2017 in the packaging industry.
The statistic indicates that in 2017, the bakery and confectionery sector had the highest market share within the packaging industry, accounting for approximately 30.4% of the total market. This suggests that a significant portion of packaging materials and services were utilized by businesses operating in the bakery and confectionery industry during that year. The high market share could be due to the large volume of products and the diverse packaging needs of the sector, including requirements for packaging that preserves freshness, attracts customers, and communicates branding. This statistic highlights the importance of packaging in the bakery and confectionery sector and underscores the substantial impact this industry has on the overall packaging market.
The rigid plastic packaging market is projected to grow at a CAGR of 5.6% from 2020 to 2025.
This statistic indicates that the market for rigid plastic packaging is expected to experience a Compound Annual Growth Rate (CAGR) of 5.6% from the year 2020 to 2025. This means that the market size is projected to increase by an average of 5.6% annually over the specified period. The CAGR is commonly used to provide a smooth representation of the growth rate over multiple years, taking into account the compounding effect. Therefore, this projection suggests that the demand for rigid plastic packaging is expected to steadily increase over the next five years, reflecting potential growth opportunities within the industry.
The ambient food packaging market in the Middle East and Africa is anticipated to grow at a CAGR of 4.5% during 2021-2026.
This statistic indicates that the market for ambient food packaging in the Middle East and Africa region is expected to experience a Compound Annual Growth Rate (CAGR) of 4.5% over the period from 2021 to 2026. This growth rate suggests a steady increase in the demand and consumption of ambient food packaging products in the region during the forecasted timeframe. Factors such as increasing disposable income, changing consumer preferences, and a growing food and beverage industry are likely contributing to this projected market expansion. Businesses operating in the ambient food packaging sector can use this statistic to make informed decisions regarding their strategies, investments, and market opportunities in the Middle East and Africa region.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.technavio.com
