Flexible Food Packaging to Approach 800 Billion Units
According to a new report by Canadean, an estimated 786 billion units of flexible packaging will be consumed within global retail food markets in 2018. This means flexible packaging is set to expand its share in the food packaging market even further, reaching 53.1 percent in the next three years. While glass, metal and paper packaging are slowly falling out of fashion, innovative flexible packaging such as pouches is becoming more popular. The Canadean report finds that the global demand for pouches in the food market will grow by about 2.5 billion pack units between 2014 and 2017 – a 14.9 percent increase in the total food pouches market size. Metal, on the other hand, will record the slowest growth in the food packaging market, increasing at a marginal 2.5 percent CAGR between 2013 and 2018.
Microwavable pouches to replace tinned products
“Pouches are both lightweight and durable, meaning products can be stored more easily in cupboards, are less likely to get damaged and are lighter to transport," says Kirsty Nolan, analyst at Canadean. "They also provide time-scarce consumers with instant meals and on-the-go snacks."
Microwavable pouches, for example, are on the verge of replacing tinned ready-meal products.
“The outer plastic layers of microwavable pouches are designed to cool quickly while keeping contents hot, allowing consumers to eat straight from the microwave,” says Nolan.
Campbell is one of the manufacturers that is already capitalizing on this trend. The recently released ‘Go Soup’ pouches target the younger, time-scarce generation of food lovers.
“The flavors were specifically designed to appeal to more adventurous palettes and the packaging was introduced to compliment the product with a greater volume," says Nolan. "The packaging also features a transparent bottom, which allows consumers to assess the contents and its ingredients before purchase."