Shelf Stable Packaging Market Size (2024 - 2029)

Shelf Stable Packaging Market Analysis

The Shelf Stable Packaging Market is expected to record a CAGR of 6.86% during the forecast period. The perceptions of packaging among consumers have changed as a result of the COVID-19 pandemic. The number of consumers choosing packaged goods with a longer shelf life has increased. Additionally, COVID-19-related worries about food safety increased the demand for packaged foods, and it is anticipated that this trend will continue in the post-COVID market conditions as well.

• Rising demand for packaged food and beverages, increasing demand for Ready-to-Eat (RTE) food, the convenience of use, and increasing cost-effectiveness of shelf-stable packaging are primary factors supporting the market growth of the market worldwide.
• Climatic conditions and higher cost of refrigeration facilities are some of the major factors that are influencing packaging organizations to invest in packaging technologies that can improve the shelf life of products such as milk, value-added dairy products, food, and beverages.
• The novel food packaging techniques, viz. active packaging, intelligent packaging, and bioactive packaging, which involve intentional interaction with the food or its surroundings and influence on consumer's health, have been the major innovations in the field of packaging technology. These novel techniques act by prolonging the shelf life, enhancing or maintaining the quality, providing an indication, and regulating the freshness of food products.
• According to the 2022 PMMI State of the Industry, it has never been more crucial for packaging to be closed and sealed properly due to stricter health and safety regulations and producers looking to extend the shelf life of their products.
• All stakeholders benefit from increased shelf life. Processors frequently increase sales by expanding distribution to new markets. A sellable product can stay on store shelves for a longer period of time if it has a longer shelf life, which allows retailers to reduce the frequency of restocking and the losses caused by out-of-date products. Extended shelf life makes it simpler for consumers to keep a stocked pantry. Additionally, it lessens the quantity of food that is thrown away.
• COVID-19 has negatively impacted the market as the demand for food and beverage has witnessed growth, which has supported the market growth.

Shelf Stable Packaging Industry Segmentation

The market size reflects the value of shelf-stable packaging products packed with technologies such as aseptic food packaging, retort food packaging, hot fill food packaging, and more.

The shelf-stable packaging market is segmented by packaging format (flexible, rigid), packaging material (plastic, metal, glass, paper and paperboard), product type (metal cans, bottles, jars, cartons, pouches), packaging technology (sauce & condiment, processed fruit & vegetable, prepared food, juice, dairy food, meat poultry & seafood), and geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.