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.
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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.
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.
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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: 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.
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