Smart Plant-Based Food Packaging Market

Global Smart Plant-based Food Packaging Market: Overview

Changes in the lifestyles of urban customers have led to an increased demand for ready-to-eat and processed food products. Safe food packaging is absolutely necessary to avoid the risk of contamination, protect the food products from external environment, restrict the product from spilling, and presenting the food in palatable way. Manufacturers in the packaging market are developing new types of plant-based food packaging solutions to meet the increasing demands for sustainable yet hygienic food packaging solutions. Changes in consumer buying habits, as well as an increasing preference for sustainable and green products is anticipated to favor the market’s growth.

Some of key types of technologies used by players in the global smart plant-based food packaging market include aseptic packaging, biodegradable packaging, controlled packaging, intelligent packaging, and active packaging, among others. Products in the global smart plant-based food packaging market are made from various materials, including glass, plastic, metal, polymer nanocomposites, and paper and paperboard, among others. These products are used for various applications, such as meat and seafood, confectionary products, dairy products, and bakery products, among others.

Global Smart Plant-based Food Packaging Market: Major Trends and Drivers

Key drivers for the growth of global smart plant-based food packaging market include increasing demand from food and beverages industry, rising adoption of smart packaging solutions, and increase in concerns about hygiene amongst global population. Some other drivers include rising demand for processed food products, increasing requirement of cutting down on the volume of waste created by processed food packaging made from synthetic polymer materials. Additionally, rising demand for sustainable and shelf stable packaging products is also anticipated to favor the expansion of global smart plant-based food packaging market.

However, the high cost associated with manufacturing of these smart packaging products may hamper the growth of the global smart plant-based food packaging market in coming years. On the other hand, innovations in production technologies and the resulting emergence of highly sophisticated production processes may favor the development of global smart plant-based food packaging market in near future. Furthermore, the increasing demand from dairy products, as well as beverages industries may also positively influence the growth within the global smart plant-based food packaging market in years to come. These trends are also supplemented by the increasing consumer preference for choosing products packaged in recycled materials as opposed to synthetic materials.

Global Smart Plant-based Food Packaging Market: Key Players and Manufacturers

Some of the key players in the global smart plant-based food packaging market are Coca-Cola, Ecnow Tech, Cascade Marine Foods LLC, Index Food Industries Ltd., National Beef Packaging Company, Milky Mist Dairy, Heinz, Sintef, Kencko, Global Food Industries LLC, Food Talent Solutions, and PPC Flexible Packaging, among others. Manufacturers in the global smart plant-based food packaging market are exploring new types of bio-based plastics that can help in extending the shelf life of the packaged food products. Coca-cola company is using Brazilian sugarcane to produce bottles for their products. Players in global smart plant-based food packaging market are also engaged in collaborations and partnerships to expand their combined portfolio of innovative products and solutions.

Global Smart Plant-based Food Packaging Market: Regional Assessment

North America is anticipated to account for a massive share of the global smart plant-based food packaging market in coming years. Growth of the North America market can be attributed to rising adoption of various types of smart packaging solutions, increasing consumption of processed food products in the region, and rising demand for edible packaging solutions. Rising concerns amongst the population about food safety and hygiene, as well as increasing demand for bio-based packaging solutions that also help in prolonging the shelf life of food products, are also motivating the growth of North America smart plant-based food packaging market. Increasing demand for dairy products, as well as fruits and vegetables from customers in the region is also expected to create increment opportunities in North America.