LONDON--(BUSINESS WIRE)--Technavio’s global ambient food packaging market research report forecasts the market to grow at a CAGR of almost 4% during the forecast period.
The adoption of eco-friendly packaging will be one of the major trends in the global ambient food packaging market during 2018-2022. The vendors are adopting eco-friendly packaging options as they reduce the harmful impact on environment and health. Therefore, there has been an increase in the use of eco-friendly packaging options such as metal cans that use up to 80% recycled metal.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
According to Technavio analysts, one of the key drivers for the global ambient food packaging market is the growing need for increasing the shelf life of packaged food:
Global ambient food packaging market: Demand for the long shelf life of packaged food
By increasing the shelf life of a product, the food and beverage and FMCG firms can attain maximum benefit from a product category. The increase in shelf life of a product helps in reducing the amount of product loss due to early expiry. The loss incurred due to the early expiry of products is higher than the cost incurred by inventory carrying. Hence, the introduction of many packaging technologies and the addition of various additives have helped supply chains to rely on shelf life extension solutions.
According to a senior analyst at Technavio for research on packaging, “One of the major shelf life extension solutions is the ambient food packaging technology. The shelf life of freshly cut fruits and vegetables can be increased by 24 to 48 hours by using ambient food packaging technology. The long shelf life of food products leads to less frequent production cycle that provides better visibility in the supply chain. This is driving the global ambient food packaging market.”
Global ambient food packaging market: Segmentation analysis
This global ambient food packaging market analysis report provides market segmentation by application (meat, poultry, and seafood, pasta and noodle, sauces, dressings and condiments, fruits and vegetables, and other foods) and by region (the Americas, APAC, and EMEA). This report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Among all the major application segments, the meat, poultry, and seafood segment held the largest ambient food packaging market share in 2017, accounting for over 30% of the market. This application segment will dominate the global market throughout the forecast period.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
