Shelf Stable Packaging – Market Outlook

Rising consumer preference for healthy & safe food is a major challenge for packaging manufacturers. Packaging manufacturers globally are striving to provide cost effective and efficient packaging solutions to store food products from processing through to consumption. Cans were majorly used in shelf stable packaging. Recent trends in food packaging industry shows that flexible packaging products such as thermoformed trays, retort pouches, etc. are increasingly replacing cans for shelf stable packaging. Shelf stable packaging provides features such as retort, aseptic and barrier properties. Major shelf stable manufacturers are increasingly focusing on this part of the packaging due to growing consumer demand for increased packaging to product ratio. High packaging to product ratio in shelf stable packaging can be achieved using flexible co-extruded (multi-layer) pouches, boxes and trays with aseptic, retort or barrier properties. Retort packaging products provide shelf stable packaging for ready to prepare food mixes such as dry rice, pasta, etc. Retort packaging products with ready to prepare food mixes are microwavable. Changing consumer preferences and availability of new technologies related to packaging material and packaging design is the major challenge manufacturers has to cope with.

Global shelf stable packaging market is highly correlated with the dynamics of global flexible packaging market. Recent trends in global shelf stable packaging shows that the increasing penetration of retort pouches, asceptic plastic pouches & bags, etc. High barrier shrink and stretch films are getting traction in food & beverages sector. The demand is significantly rising from meat, poultry & seafood and dairy products application segments. Global flexible packaging market is estimated to expand at a rewarding CAGR of 5.2% during the forecast period (2017 – 2027) and reach US$ 358.7 Billion, by 2024.            

Global Shelf Stable Packaging Market, by Product Type 2017   

global shelf stable packaging market 01

Global Shelf Stable Packaging market: Segmentation

The global shelf stable packaging market has been segmented as follows –

On the basis of product type the global shelf stable packaging market has been segmented as –

  • Pouches
  • Trays
  • Boxes
  • Others

On the basis of packaging technology, the global shelf stable packaging market has been segmented as –

  • Retort Packaging
  • Aseptic Packaging
  • High Barrier Packaging
  • Others

On the basis of material type, the global shelf stable packaging market has been segmented as –

  • Plastic
  • Paper & Paperboard
  • Metal
  • Others

On the basis of end-use industry, the global Shelf Stable Packaging market has been segmented as –

  • Dairy Products
  • Meat & Poultry
  • Edible Oils
  • Seafood
  • Ready to eat food
  • Fresh Produce
  • Others

On the basis of geography, the global Shelf Stable Packaging market has been divided into seven key regions –

  • North America
  • Asia Pacific excluding Japan
  • Western Europe
  • Eastern Europe
  • Latin America
  • Middle East & Africa
  • Japan

Changing consumer preference for flexible packaging from rigid packaging is expected to drive the global shelf stable packaging market. The busy lifestyle of consumers globally, is influencing consumers to choose shelf stable packaging products. Shelf stable packaging products are durable enough to withstand rigor of distribution and also help in extending shelf-life of packaging contents. Shelf stable packaging helps in optimizing the product to package ratio with less material per ounce of a product. Shelf stable packaging also helps in attracting millennial with modern designs and eye catching graphics. Shelf stable packaging products also helps food businesses to reduce their lead times. Shelf stable packaging products comes with easy to fill, peel and seal lids and retort structures. These products provide easy printability using flexography or digital printing. Shelf stable packaging helps in achieving less heat abuse during retort process, which means better tasting and healthier food. Shelf stable packaging products are a very good alternative to traditional cans used in food packaging.

Pouches shelf stable packaging segment is expected to dominate the overall global shelf stable packaging market. This is due to consumer preference towards flexible packaging. Retort packaging shelf stable packaging segment is expected to expand at a lucrative CAGR during the forecast period. Aseptic packaging and retort packaging together is expected to dominate the global shelf stable packaging market. Trays shelf stable packaging segment is expected to grow at a highest CAGR during the forecast period. Shelf stable packaging market has been segmented on the basis of region into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Japan.  North America followed by Western Europe shelf stable packaging market is expected to dominate the global market.

Global Shelf Stable Packaging Market CAGR Analysis, by Country

 

shelf stable packaging market 02

Global Shelf Stable Packaging market: Key Players

Some of the key players operating in the global Shelf Stable Packaging market are – Sealed Air Corporation, E. I. du Pont de Nemours and Company, Bemis Company, Inc., Spartech Corporation, Printpack, Inc. Mondi Group, Reynolds Group, Addmaster (UK) Limited, MicrobanProducts. Co. (USA), Rhone-Poulenc (USA), Takex.Co. (Japan), Bernard Technologies (USA) and others. 

Shelf Stable Packaging Market, by HQ Location

shelf stable packaging market 03

Conclusion

Global shelf stable packaging market is expected to witness a growing trend of consolidation and launch of creative and innovative products during the forecast period. Manufacturers are increasingly investing in research & development to provide a customer with centric shelf stable packaging solution. Rising competition between competitors is making the profit margins to go down.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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