Global Meal Kit Packaging Market, By Material (Paper, Metal, Plastic, Glass), Products (Cartons, Thermoform Trays, Pouches, Films, Others), Application (Food, Beverages), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Meal Kit Packaging Market
The meal kit packaging market is expected to witness market growth at a rate of approximately 15.0% in the forecast period of 2021 to 2028, and will reach the value of USD 20,000 million by 2028. Data Bridge Market Research report on meal kit packaging market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the food and beverage sector globally is escalating the growth of meal kit packaging market.
Meal kit is considered a new concept in the food and beverage industry, where a pre-cooked meal or half-cooked food products are delivered to the consumer regularly to their home or desired place. Customer can get customized food ingredients as per their choice for their individual use of for the whole family. These products could be delivered to the customer at a regular interval including weekend or month. Packaging is known to be one of the major concerns in the meal kit as the food products carried are exceedingly perishable.
The rapid urbanization across the globe acts as one of the major factors driving the growth of meal kit packaging market. The surge in the working class population seeking for nutritious yet home cooked food and changing food habits, and rise in consumer awareness regarding fitness and nutrition, requiring readymade balanced diet accelerate the market growth. The increase in demand for meal kit as it is considered a one-stop solution for virtually all players across the entire food and beverage ecosystem, consisting of retailers, e-tailers, FMCG brand owners, and restaurants, and rise in preference for meal kits as availability of meal kits has made homemade meals more time-saving in comparison to takeouts and home deliveries further influence the market. Additionally, improved lifestyle, urbanization, and rise in spending on food and beverages positively affect the meal kit packaging market. Furthermore, shift in consumer inclination from home cooked meal towards inventive cooking options extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, higher cost compared to buying the groceries is expected to obstruct the market growth. Concerns regarding packaging waste are projected to challenge the meal kit packaging market in the forecast period of 2021-2028.
This meal kit packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on meal kit packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Meal Kit Packaging Market Scope and Market Size
The meal kit packaging market is segmented on the basis of material, products and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material, the meal kit packaging market is segmented into paper, metal, plastic, and glass.
- On the basis of products, the meal kit packaging market is segmented into cartons, thermoform trays, pouches, films and others.
- On the basis of application, the meal kit packaging market is segmented into food and beverages.
Global Meal Kit Packaging Market Country Level Analysis
The meal kit packaging market is analysed and market size, volume information is provided by country, material, products and application as referenced above.
The countries covered in the meal kit packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the meal kit packaging market due to presence of a large number of consumers purchase and increasing retail stores or restaurants within the region. Asia-Pacific is expected to witness fastest growth during the forecast period of 2021 to 2028 because of the increasing number of time-poor consumers in the region.
The country section of the meal kit packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Meal Kit Packaging Market Share Analysis
The meal kit packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to meal kit packaging market.
The major players covered in the meal kit packaging market report are Amcor plc, Bemis Company, Inc., Dow, WestRock Company., BALL CORPORATION, Huhtamaki, Sealed Air, Berry Global Inc., Reynolds, International Paper., DS Smith, Genpak, LLC, Dart Products Europe, Anchor Packaging Inc., Vegware Ltd, Sabert Corporation, Fabri-Kal, BSIbio, London Bio Packaging, Hefei Hengxin Environmental Science & Technology Co., Ltd, King Yuan Fu Packaging Co., Ltd, and Excellent Packaging & Supply, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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