In 2023, the global food clamshells market is expected to be worth US$ 1.57 billion. Food clamshell demand is expected to climb at a 4.6% CAGR between 2023 and 2033, hitting US$ 2.46 billion by 2033.
RFID labels and QR codes are increasingly used on food clamshells because they simplify product tracing and tracking. Intelligent packaging is expected to advance further in the food clamshells business. Further, these strategies promote product differentiation, which directly impacts a product’s shelf appeal. These factors are anticipated to expand the food clamshells market from 2023 to 2033.
Convenience-Driven Eating Habits Propel Market for Ready-to-Eat Foods
Convenience and ready-to-eat foods are getting popular as customers’ discretionary income and hectic lifestyles expand. With the exponential expansion in the working population, eating habits in cities are changing. This is to raise food clamshells demand due to the increased use of packaged food items.
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Food clamshells are a popular choice for food packaging due to their ease of use. Consumers frequently complain about the opening and sealing of packaging. Food clamshells are renowned for food items that require multiple package openings. Despite being suitable for storage and transportation, some packaging is difficult to open, resulting in product waste. Food clamshells are one of the most convenient packaging choices available.
Alliance of E-Commerce Growth and Food Delivery Accelerates Food Clamshell Market
The distribution medium has switched to online meal ordering and delivery due to increased food demand. Since food is brought to the client’s house and needs no work from the customer, this helps to cater to a broad range of customers. It has given rise to food delivery companies that promptly supply groceries and stationery.
E-commerce has eliminated long customer lines by allowing customers to place orders simultaneously rather than waiting for their turn. Online food delivery customers can complain, request a reimbursement, and rate the restaurant. As a result of the penetration of e-commerce, food clamshell manufacturers see noteworthy growth prospects.
Regional Outlook
Consumer demand for convenient and ecological packaging solutions contributes to the food clamshells market in North America. Stringent single-use plastic laws have compelled the shift toward eco-friendly clamshell alternatives.
Rapid urbanization and a thriving food service industry promote food clamshells market expansion in the Asia Pacific. The expanding middle-class population and the demand for on-the-go eating contribute to food clamshells’ appeal.
Europe greatly emphasizes decreasing plastic waste, which drives businesses to use innovative and recyclable materials. Further, the region’s thriving food and beverage industry and increased worries about food safety encourage the food clamshells adoption.
The global food clamshells industry is defined by shifting consumer expectations for ease of use, environmental sustainability, and adherence to regulations while each region has its characteristics.
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Key Takeaways
- Regarding the material type, the plastic category dominates, with a CAGR of 5.1% until 2033.
- The plastic clamshell segment boasts a US$ 633.3 million incremental opportunity.
- Fruits and vegetables are set to expand at a CAGR of 5.6% between 2023 and 2033 in the application category.
- By the end of 2033, the fruits and vegetables segment may have generated an incremental opportunity worth US$ 532 million.
- During the forecast period, the United States food clamshells market is scheduled to expand at a CAGR of 3.9%.
- By 2033, the market in the United States is expected to be worth US$ 436.38 billion.
- Between 2023 and 2033, India’s food clamshells market is projected to evolve at a CAGR of 6.1%.
- India’s market is expected to be worth US$ 235.54 billion by 2033.
Competitive Scenario
The food clamshells business is fragmented worldwide, with a few numbers of manufacturers holding the lion’s share of the industry. The expansion of product ranges and mergers and acquisitions are two of the main methods employed by well-known food clamshell producers.
Novel Breakthroughs
- WestRock Strengthens Position with Acquisition of Grupo Gondi – DECEMBER 2022
WestRock completed the US$ 970 million acquisition of Grupo Gondi, strengthening its footprint in Latin American packaging markets with paper mills and corrugated packaging operations in Mexico.
- Smurfit Kappa’s Expansion in Poland with €40M Tech Upgrade – MAY 2023
Smurfit Kappa completes €40 million investment in Poland, expanding its Pruszków plant into a high-tech packaging hub, creating 50 jobs, and increasing annual box production to 500 million.
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