The market for portion packs was worth around US$ 3.6 billion globally in 2021 and is expected to grow at a CAGR of 6.6% to reach US$ 7.3 billion by 2032. The top 5 suppliers will control between 15% and 20% of the global market for portion packs by 2022, as demand will increase.
By the end of 2032, the sales of the whole pouches and sachets segment are expected to account for about 27% of the market value. Sales are forecast to increase by 2.1 times the current market value between 2022 and 2032.
Food and beverage is predicted to remain the leading segment, expanding at a CAGR of 7.1% from 2022 to 2032. The analysis predicts that the market will provide extra opportunities of US$3.4 billion during the projection period. food and beverage markets are expanding, and consumers strongly choose small packaging for various foods.
Portion packs are small or single-serve packaging solutions used for serving less quantities of food which helps in reducing the wastage and are available at a low price. These packaging solutions include pouches & sachets, cups, trays, jars, stick packs, bottles, blisters, and others.
These packs are ideal for sterilisation, pasteurization, and hot filling which helps in achieving long shelf life at various temperatures. They are produced using different materials based on the end-user requirement such as plastic, paper, metal, wood, and foam. Growing awareness about food wastage is propelling the demand for portion packs among food manufacturers as well as consumers.
Ongoing expansion in the food & beverage sector, along with the launch of new food items by food manufacturers is fueling the demand for portion packs. Also, growing number of millennials who prefer to taste new food items creates a growth opportunity for the portion packs manufacturers.
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Rising preference for single serve packaging solutions among various end use industries such as pharmaceuticals, personal care & cosmetics, and homecare will augment the growth in the market over the assessment period.
“The adoption of portion packs among food manufacturers for sample serving and single serve options will augment the growth in the market. In addition to this, the availability of customized portion packs will create opportunities for growth in the global portion packs market” says an FMI analyst.
Key Takeaways:
- Based on product type, the pouches & sachet segment will account for 27% of the total market share by 2032, creating an incremental opportunity of US$ 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 market 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.
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
Are some of the leading players operating in the portion packs market. The Tier 1 players in the market hold 10-15% of the global portion packs market.
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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.)
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Table of Content
- Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
- Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
- Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
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