Market Overview:
The global ready-to-eat food packaging market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for convenience foods and rising disposable incomes in developing countries. In terms of type, the vegetable-based segment is expected to dominate the market during the forecast period, followed by cereal-based and meat/poultry segments. The specialty store segment is projected to be the fastest growing application segment during the forecast period, followed by departmental/convenience store and hypermarket/supermarket segments.
Product Definition:
Ready-to-eat food packaging is a type of food packaging that is specifically designed for ready-to-eat foods. These packages are typically designed to protect the food from contamination and to extend its shelf life. They often include features such as resealable closures, vents, and oxygen scavengers that help preserve the food's freshness. Ready-to-eat food packaging is important because it helps keep the food safe and fresh for consumers.
Vegetable Based:
Vegetable-based films and sheets are gaining importance in the ready-to-eat food packaging market owing to their several advantages such as high flexibility, transparency, barrier properties and low moisture vapor transmission rate (MVTR). These products have replaced polyethylene terephthalate (PET), polypropylene (PP), and other conventional materials in various applications including disposable plates & containers.
Cereal Based:
Cereal-based is a thin layer of cereal that is used as an alternative to fat or oil in ready-to-eat food packaging. It helps to keep the food fresh and crispy for a longer time. The product also acts as an excellent barrier against gases, moisture, odors and light which further extends the shelf life of perishable foods such as meat, fish & poultry products among others.
Application Insights:
The specialty store application segment led the global ready-to-eat food packaging market in 2017. This is attributed to growing consumer preference for packaged foods with unique flavors and nutritional benefits. Specialty stores are also increasingly stocking ready-to-eat products as consumers prefer convenience over preparing meals at home. The departmental/convenience store application segment is expected to witness significant growth over the forecast period owing to increasing urbanization, rising disposable income, and changing lifestyles of consumers across various regions of the world.
The hypermarket/supermarket application segment accounted for more than 25% share of total revenue in 2017 due to wide product availability across various departments within a retail store including bakery & confectionery, frozen foods, dairy products etcetera.
Regional Analysis:
Europe was the largest market for ready-to-eat food packaging and accounted for a revenue share of more than 35.0% in 2017 owing to high demand from countries such as U.K., Germany, France, Italy, and Spain among others. The region is expected to dominate the industry over the forecast period due to increasing health consciousness among consumers coupled with rising expenditure on specialty foods in developed economies including Germany and U.K., which will drive product demand further.
Asia Pacific is projected to be one of the fastest growing markets at a CAGR exceeding 6% during the forecast period owing to rapid urbanization along with increasing disposable income levels that enable consumers buy packaged food items other than just plain rice or flour products that were consumed earlier in rural areas of developing countries such as China.
Growth Factors:
- Increasing demand for convenience food: The Ready-to-Eat Food Packaging market is driven by the increasing demand for convenience food. This is because ready-to-eat food packaging offers ease of use and helps in preserving the freshness of the food.
- Rising disposable income: Another key growth driver for this market is rising disposable income, which has led to an increase in spending on processed and packaged foods.
- Growing urban population: The growing urban population is also a major factor driving the growth of this market as it leads to an increase in demand for convenient and ready-to-eat foods.
- Proliferation of supermarkets and retail stores: Proliferation of supermarkets and retail stores has also helped in boosting the sales of ready-to eat packaged foods, as these stores offer a wide variety of such products to consumers. 5) Technological advancements: Technological advancements have played a significant role in propelling the growth of this market, as they have enabled manufacturers to develop innovative packaging solutions that help preserve the freshness and tasteoffoods
Scope Of The Report
Report Attributes
Report Details
Report Title
Ready-to-Eat Food Packaging Market Research Report
By Type
Vegetable Based, Cereal Based, Meat/Poultry
By Application
Specialty Store, Departmental/Convenience Store, Hypermarket/Supermarket, Online Store
By Companies
Premier Foods, ConAgra Foods, Bakkavor, Greencore, General Mills, McCain, ITC, Orkla, Nomad Foods, Premier Foods
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Ready-to-Eat Food Packaging Market Report Segments:
The global Ready-to-Eat Food Packaging market is segmented on the basis of:
Types
Vegetable Based, Cereal Based, Meat/Poultry
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Specialty Store, Departmental/Convenience Store, Hypermarket/Supermarket, Online Store
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Premier Foods
- ConAgra Foods
- Bakkavor
- Greencore
- General Mills
- McCain
- ITC
- Orkla
- Nomad Foods
- Premier Foods
Highlights of The Ready-to-Eat Food Packaging Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vegetable Based
- Cereal Based
- Meat/Poultry
- By Application:
- Specialty Store
- Departmental/Convenience Store
- Hypermarket/Supermarket
- Online Store
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ready-to-Eat Food Packaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ready-to-eat food packaging is a type of packaging that is designed to keep food safe and edible until it is eaten. It can be in the form of boxes, bags, or cans.
Some of the major players in the ready-to-eat food packaging market are Premier Foods, ConAgra Foods, Bakkavor, Greencore, General Mills, McCain, ITC, Orkla, Nomad Foods, Premier Foods.
The ready-to-eat food packaging market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ready-to-Eat Food Packaging Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ready-to-Eat Food Packaging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ready-to-Eat Food Packaging Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ready-to-Eat Food Packaging Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ready-to-Eat Food Packaging Market Size & Forecast, 2018-2028
4.5.1 Ready-to-Eat Food Packaging Market Size and Y-o-Y Growth
4.5.2 Ready-to-Eat Food Packaging Market Absolute $ Opportunity
Chapter 5 Global Ready-to-Eat Food Packaging Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Ready-to-Eat Food Packaging Market Size Forecast by Type
5.2.1 Vegetable Based
5.2.2 Cereal Based
5.2.3 Meat/Poultry
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ready-to-Eat Food Packaging Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Ready-to-Eat Food Packaging Market Size Forecast by Applications
6.2.1 Specialty Store
6.2.2 Departmental/Convenience Store
6.2.3 Hypermarket/Supermarket
6.2.4 Online Store
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ready-to-Eat Food Packaging Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ready-to-Eat Food Packaging Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Ready-to-Eat Food Packaging Analysis and Forecast
9.1 Introduction
9.2 North America Ready-to-Eat Food Packaging Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Ready-to-Eat Food Packaging Market Size Forecast by Type
9.6.1 Vegetable Based
9.6.2 Cereal Based
9.6.3 Meat/Poultry
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Ready-to-Eat Food Packaging Market Size Forecast by Applications
9.10.1 Specialty Store
9.10.2 Departmental/Convenience Store
9.10.3 Hypermarket/Supermarket
9.10.4 Online Store
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Ready-to-Eat Food Packaging Analysis and Forecast
10.1 Introduction
10.2 Europe Ready-to-Eat Food Packaging Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Ready-to-Eat Food Packaging Market Size Forecast by Type
10.6.1 Vegetable Based
10.6.2 Cereal Based
10.6.3 Meat/Poultry
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Ready-to-Eat Food Packaging Market Size Forecast by Applications
10.10.1 Specialty Store
10.10.2 Departmental/Convenience Store
10.10.3 Hypermarket/Supermarket
10.10.4 Online Store
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Ready-to-Eat Food Packaging Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ready-to-Eat Food Packaging Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Ready-to-Eat Food Packaging Market Size Forecast by Type
11.6.1 Vegetable Based
11.6.2 Cereal Based
11.6.3 Meat/Poultry
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Ready-to-Eat Food Packaging Market Size Forecast by Applications
11.10.1 Specialty Store
11.10.2 Departmental/Convenience Store
11.10.3 Hypermarket/Supermarket
11.10.4 Online Store
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Ready-to-Eat Food Packaging Analysis and Forecast
12.1 Introduction
12.2 Latin America Ready-to-Eat Food Packaging Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Ready-to-Eat Food Packaging Market Size Forecast by Type
12.6.1 Vegetable Based
12.6.2 Cereal Based
12.6.3 Meat/Poultry
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Ready-to-Eat Food Packaging Market Size Forecast by Applications
12.10.1 Specialty Store
12.10.2 Departmental/Convenience Store
12.10.3 Hypermarket/Supermarket
12.10.4 Online Store
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Ready-to-Eat Food Packaging Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ready-to-Eat Food Packaging Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Ready-to-Eat Food Packaging Market Size Forecast by Type
13.6.1 Vegetable Based
13.6.2 Cereal Based
13.6.3 Meat/Poultry
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Ready-to-Eat Food Packaging Market Size Forecast by Applications
13.10.1 Specialty Store
13.10.2 Departmental/Convenience Store
13.10.3 Hypermarket/Supermarket
13.10.4 Online Store
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ready-to-Eat Food Packaging Market: Competitive Dashboard
14.2 Global Ready-to-Eat Food Packaging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Premier Foods
14.3.2 ConAgra Foods
14.3.3 Bakkavor
14.3.4 Greencore
14.3.5 General Mills
14.3.6 McCain
14.3.7 ITC
14.3.8 Orkla
14.3.9 Nomad Foods
14.3.10 Premier Foods
