Ready-To-Eat Food Packaging Market Size Expected To Achieve USD 164.92 Billion By 2034, Driven By Consumer Demand For Convenience And Sustainability
Report Attribute | Key Statistics |
Base Year | 2024 |
Forecast Period | 2025 to 2034 |
Growth Rate from 2025 to 2034 | CAGR of 6.3% |
Market Size in 2024 | USD 89.53 Billion |
Market Size in 2025 | USD 95.17 Billion |
Market Size by 2034 | USD 164.92 Billion |
Dominated Region | North America |
Fastest Growing Region | Asia Pacific |
Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
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Ready-to-Eat Food Packaging Market Segmental Analysis
Material Analysis
The plastic segment dominated the ready-to-eat food packaging market in 2024 as recycling helped the segment to grow. Recycling of used plastic and maintaining recyclability and sustainability are other major factors helping the growth of the market. Government measures supporting the recycling initiative are also helping the growth of the market. The segment's growth is also observed due to measures taken to protect the population from damage caused by plastic usage.
The paper and paperboard segment is expected to grow at the highest CAGR in the foreseen period as the segment aids in sustainability, recyclability, biodegradability, and a lower carbon footprint. The segment highlights the use of recyclable products, such as recyclable fibers, and renewable sources of energy, which are helpful for the growth of the market. Hence, the segment is observed to grow in the foreseen period.
Packaging Type Analysis
The rigid packaging segment led the ready-to-eat food packaging market in 2024 due to the availability of creative and sustainable packaging, helping the growth of the market. Such packaging solutions help the companies to keep the food intact and allow consumers to carry them easily while traveling or being outdoors. It allows the segment to grow in the foreseen period. The rising e-commerce platform supporting advertising of various brands is also helping the growth of the market.
The flexible packaging segment is expected to grow in the foreseeable period due to multiple reasons, helping the growth of the market. Flexible packaging is also helping the brands with clear advertising, further attracting customers and fueling the growth of the market. Flexible packaging with cost-effective methods and allowing the companies to manage the expenses for development of the required sectors is another major factor for the growth of the market in the region.
Product Type Analysis
The boxes and cartons segment led the ready-to-eat food packaging market in 2024 due to consumer awareness for sustainability, compelling brands to follow sustainable packaging methods. The segment also highlights the high demand for brands providing sustainable packaging compared to those following the traditional packaging methods. The segment also helps to enhance the product portfolio of a brand, further helping the growth of the ready-to-eat food packaging market.
The films and wraps segment is expected to grow in the foreseen period as the segment highlights the importance of the use of protective wrapping, improved stability, and improved security. Such protective packaging forms help to enhance the shelf life of food items and allow consumers to make the packaging portable and easy to carry.
Application Type Analysis
The ready-to-eat meals segment dominated the ready-to-eat food packaging market in 2024 due to the convenience provided by the segment, allowing consumers to carry their food packaging easily and consume it at any time. Such meal options also allow consumers to consume nutritional food options in a convenient way. Such food options allow consumers to consume nutritional food options while saving time. Such food options also allow consumers to pop the packaging in the microwave, allowing them to save time and consume good food.
The snacks and confectionery segment is expected to grow in the foreseeable period due to its convenience factor. The segment also highlights the importance of nutritional foods in convenient packaging, allowing consumers to keep a tap on their required essentials anywhere and anytime. The segment also enhances the importance of convenience foods for people with hectic life schedules, which is helpful for them to save time.
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Top Companies of the Ready-to-Eat Food Packaging Market
- Amcor PLC Sumkoka Berry Global Group Sealed Air DS Smith Sonoco Smurfit Kappa Group PLC Tetra Pak International Paper Ball Corporation
Segments Covered in the Report
By Material
- Plastics Paper and paperboard Metal Glass Others
By Packaging Type
- Rigid packaging Flexible packaging Semi-rigid packaging
By Product
- Boxes and cartons Cans Cups and bowls Films and wraps Pouches Trays Others
By Application
- Ready-to-eat meals Instant noodles and pasta Snacks and confectionery Meat and seafood Fruits and vegetables Others
By Region
North America
- U.S. Canada
Asia Pacific
- China Japan India South Korea Thailand
Europe
- Germany UK France Italy Spain Sweden Denmark Norway
Latin America
- Brazil Mexico Argentina
Middle East and Africa (MEA)
- South Africa UAE Saudi Arabia Kuwait
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