Convenience meets sustainability in the booming portion packs market, projected to reach a value of US$7.3 billion by 2032. This significant growth, fueled by a CAGR of 6.6%, reflects a rising consumer preference for single-serve packaging solutions.
Market Overview:
- The global consumption of portion packs stood at around US$3.6 billion in 2021. This figure is poised to nearly double by 2032, signifying a substantial market expansion.
- The top 5 players in the portion packs market hold a dominant share, with 15-20% of the global market in 2022.
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Factors Driving Market Growth:
- Convenience: Portion packs offer a convenient and mess-free solution for busy consumers, making them a popular choice for on-the-go consumption.
- Improved Shelf Life: These packs are durable, easy to transport, and enhance shelf life by enabling hot filling and pasteurization, which preserves food quality and taste.
- Reduced Food Waste: Portion control helps to minimize food waste, appealing to consumers and food producers alike.
Sustainability in Focus:
- The availability of paper-based portion packs addresses growing environmental concerns. These eco-friendly options are recyclable and biodegradable, minimizing their environmental impact.
Key Takeaways:
- Based on product type, the pouches & sachet segment will account for 27% of the total market share by 2032, creating an incremental opportunity of US$ 1.0 Bn during 2022-2032.
- In terms of end use, sales in the food & beverage segment are projected to increase at a CAGR of 7.1% over the forecast period, offering an incremental opportunity of US$ 1.7 Bn during the assessment period.
- Sales in the U.S. portion packs industry will grow at a 5.9% CAGR through 2032.
- India will emerge as a lucrative pocket, with total sales reaching a valuation of US$ 71 Mn by 2032.
- Europe and North America are anticipated to hold around half of the total portion packs market share over the forecast period.
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Regional Market Insights:
USA Market:
- The USA portion packs market is projected to grow at a CAGR of 5.9%, translating to an incremental opportunity of US$600 million from 2022 to 2032.
- This growth is attributed to the expansion of the food industry and the rising demand for processed food products. Consumers in the USA are increasingly opting for quick and convenient food options, which bodes well for portion packs.
India Market:
- The Indian portion packs market is anticipated to reach US$71.0 million by 2032, reflecting a 1.8-fold increase from its current value.
- This substantial expansion is fueled by the growth of the food service sector, particularly in rural regions. As the demand for quick and convenient food options rises in India, the portion packs market is well-positioned to capitalize on this trend.
Competition Landscape
- Berry Global Inc.
- Huhtamaki Oyj
- Sonoco Product Company
- Amcor plc
- ProAmpac Holdings, LLC
- Mondi Group
- Genpak LLC
- Constantia Flexibles Group
- Sealed Air Corporation
- SCHUR FLEXIBLES
- Aranow Machinery Group
- PORTIONPACK EUROPE
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Portion Packs Market by Category
By Product Type:
- Pouches & Sachets
- Cups
- Trays
- Jars (Upto 250 ml)
- Stick Packs
- Bottles (Upto 250 ml)
- Blisters
- Bowls
- Clamshells
By Material Type:
- Plastic
- Paper
- Metal
- Wood
- Foam
- Glass
By End Use:
- Food & Beverage
- Pharmaceuticals
- Personal Care & Cosmetics
- Chemicals
- Consumer Goods
- Homecare
- Others (Agro Products, Textiles, etc.)
Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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