The global sales of food portion pack are estimated to be worth USD 10.6 billion in 2021 and are anticipated to reach a value of USD 15.9 billion by 2031. Sales are projected to rise at a CAGR of 4.2% over the forecast period between 2021 and 2031. The revenue generated by food portion pack in 2020 was USD 10.2 billion.
Growing demand by consumers for convenience and portion control is a driver for the food portion pack market, as it helps in eating healthier and minimizing food wastage. Increased single-serve and ready-to-eat meal prevalence in retail and food service sectors propels the market of food portion packs.
Awareness related to the safety and hygiene parameters of food has shifted modern consumer preference towards pre-packed portions, ensuring freshness with minimum scope for contamination. Along with this are the technological advancements in packaging material and design, such as biodegradable and tamper-proof features, which have incepted the trend of eating on the go and having a busy schedule, thus creating demand for portioned food solutions.
Global Food Portion Pack Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 10.2 billion |
| Estimated Size, 2021 | USD 10.6 billion |
| Projected Size, 2031 | USD 15.9 billion |
| Value-based CAGR (2021 to 2031) | 4.2% |
Today's consumers are more concerned about the food they put in their bodies than ever before. Portion control solutions are usually easy to transport and are a boon for consumers trying to control product usage.
Due to high consumer demand and technological advancement, packaging and individual servings for portion control are increasing. Manufacturers of baked goods, candy, snacks, and many other food companies are working hard to bring smaller packaging and customized service lines to the market. This kind of thinking is in line with consumers' ideals of restraint, self-control and convenience.
Individual packaging will continue to be popular, which is why visionary manufacturers are working with experienced packers to maximize the marketing effects of their personal packaging. Due to the increasing demand for innovative plastic packaging solutions in the consumer market, the global market for food portion pack is expected to grow significantly.
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Due to the accelerated pace of life and changes in eating habits, consumers' demand for packaged foods continues to increase, which may have a significant impact on the market. The product has a long and stable shelf life, high barrier properties and safety, which contributes to the growth of the market. Factors such as convenience and the use of high-quality materials are designed to help the industry grow.
It is expected that longer shelf life and more effective prevention of content contamination will drive market growth. The increase in population, disposable income and the decrease in households have a positive impact on the market. Bargaining power of buyers is expected to remain high during the forecast period.
The trade is characterized by an outsized variety of patrons that are expected to extend throughout the forecast period; in addition, buyers are searching for innovative and tailored solutions for his or her products, they're terribly value sensitive, and sometimes resort to material changes.
Rising sales of retail products and the trend of online shopping is expected to have a positive influence over the market. Increased consumption of snacks rather than traditional foods is expected to stimulate demand for pre-packaged goods, thereby stimulating market growth.
Packaging may be the fastest growing part of the food industry and is constantly innovating. The recent advancement in Packaging Industry is Edible Packaging, Smart Packaging, Anti-microbial Packaging, Water Soluble Packaging, Self-Cooling and Self Heating Packaging, Flavour and Odour and Micro Packaging.
Tetra Pak has recently launched the Tetra Prisma Aseptic 500 Edge with DreamCap, which is a package specifically designed to meet the growing demand of consumers who want to enjoy their liquid dairy products, juices, nectars and still drinks on the go.
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The USA market is expected to grow as the urban population increases, which will lead to increased consumption of pre-packaged foods and the increasing popularity of single packages. The market is also supported by a growing infrastructure of plastics, metals and glass processing. This will maintain product penetration during the forecast period.
In addition, packaging companies are expected to invest in the development of new products suitable for many foods, health, personal care and household products.
Due to large investments in packaging research and development, Germany will dominate the European market for food portion packs during the forecast period. The growing demand for confectionery and consumer demand for convenient packaging will drive the growth of the industry.
European Commission imposing strict regulations regarding usage of food packaging types and food contact materials, the market is expected to remain highly regulated. The market is shifting to more environmentally friendly packaging solutions, such as bio-plastics and thermoplastics, aimed at further driving market growth.
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Some of the leading manufacturers and suppliers of Food Portion Pack include
Mondi Group along with cheese packaging company Hazeleger Kaas introduced innovative product in envelope form which offers barrier protection, fully recyclable polypropylene (PP) mono material solution.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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Food Portion Pack Market
