Global Noodles packaging Market, By Form (Ambient or Canned, Dried, Chilled or Frozen), Type (Primary, secondary, Tertiary), Distribution Channel (Supermarkets or Hypermarkets, Convenience Stores, Online Retail Stores, Other Distribution Channels) – Industry Trends and Forecast to 2029
Market Analysis and Size
Noodles have become very popular food in recent years, because of their low cost and convenience, they are currently one of the most profitable products in the food sector. Noodle packaging can be divided into two types: small and light and packed in plastic bags, forcing customers to supply their own bowl to enjoy the dish, and large and heavy and packed in paper or styrofoam bowls, usually with extra space in the bowl for customers to add water. This method, however, requires the consumer to inconveniently travel with a bowl in which to assemble the ingredients to make the food, but its high price made the retail value three times higher than that of the bag-style noodles. People declined to pay that much then the consumer choose the plastic bag packaging. The growing consumption of noodles, with the extensive availability of these products in different packaging through vigorous distribution channels, is intensely driving the global market.
Data Bridge Market Research analyses that the noodles packaging market was valued at USD 5907.00 million in 2021 and is expected to reach USD 10456.86 million by 2029, registering a CAGR of 7.40 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Form (Ambient or Canned, Dried, Chilled or Frozen), Type (Primary, secondary, Tertiary), Distribution Channel (Supermarkets or Hypermarkets, Convenience Stores, Online Retail Stores, Other Distribution Channels)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Amcor Plc (Switzerland), WestRock Company(U.S.), Sealed Air (U.S.), Nuconic Packaging LLC (U.S.), Tetra Laval Group (Switzerland), Crown Holdings, Inc. (U.S.), Smurfit Kappa (Ireland), DuPont (U.S.), Mondi (UK), Bemis Manufacturing Company (U.S.), International Paper (U.S.), DS. Smith (U.K.), Silgan Holdings Inc. (U.S.), Packaging Corporation of America (US), Ball Corporation(US), Coveris Holdings S.A. (Luxembourg), Sonoco Products Company (US), Berry Global Inc.(US), Schur Flexibles (Austria) and Anchor Packaging LLC (US)
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Market Opportunities
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Market Definition
Packaging play a dynamic role in transporting and preserving food items to their preferred location without affecting the quality and taste of the product. Noodles packaging protects the contents of noodles from toxins, moisture, rancidity, tampering, and spillage. In noodles packaging, information such as the expiry date, nutritional content, price, and origin of the packaged products has also been mentioned. It also acts as a modern marketing medium for suppliers to attract consumers globally.
Noodles Packaging Market Dynamics
Drivers
- Rise in demand due to online shopping
The rising trend of online shopping and sales of retail products is anticipated to positively affect the noodles packaging market. Growing consumption of noodles instead of traditional food is estimated to drive the demand for packaged products thus driving the growth of noodles packaging market.
- Prevention from environmental condition
The noodle packaging is required to have a high oxygen barrier property because the noodles contain a lot of oils and fats and need to prevent from oil rancidity. Oxygen barrier performance is an important factor affecting the shelf life of the noodle so choosing the right noodle packaging is very important. With the accelerating globalization and the increasing pace of life, noodles are becoming more and more popular which are expected to drive the market growth rate.
- Increase the demand of recyclable packaging
The manufacturers target is to make the packaging degradable or recyclable, so they must satisfy this condition. The material which is used for the packaging does not contain any harmful chemicals a bio-degradable plastic which has made up of starch, polylactic acid and fiber protein are used.
Opportunities
The market is developing at an alarming rate due to several growth opportunities available in the global noodles packaging market during forecasted period. The rising technological advancement in the noodles packaging increases the use of antimicrobial packaging technique, which helps to increase the shelf life of packed noodles. These are factors which will boost new market opportunities for the market's growth rate. Also, due to the growing competitive strategies among market players in the emerging countries shows many growth opportunities during the forecasted period.
Restraints/ Challenges
The market is growing enormously, but some factor restrains the market's growth, like the fluctuating prices of raw material used in the packaging industry. Hence, the higher price of raw material obstructs the growth rate of the noodle packaging market. Also, the main material used in the noodles packaging industry is plastic, which is a non-biodegradable material. The government has issued strict rules for the use of plastic in several emerging countries to hamper the growth of the noodles packaging market.
This noodles packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the noodles packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Noodles Packaging Market
The condition of the global pandemic of COVID 19 has badly affected the people's lives. One has to deal with health issues along with financial crises simultaneously. The global pandemic outbreak has pushed the economies towards forced recession, due to which financial crises have occurred in various countries. But the demand of noodles increased during COVID-19 epidemic which has positively affected the market. This was because buyers were locked in their households. The consumption of ready-to-eat products severely increased during the pandemic, which increased the demand for packaged noodles and augmented the global growth of the noodles packaging market.
Global Noodles Packaging Market Scope
The noodles packaging market is segmented on the basis of form, type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Form
- Ambient or Canned
- Dried
- Chilled or Frozen
Type
- Primary
- Bag Based Packaging
- Bowl Based Packaging
- Secondary
- Tertiary
Distribution Channel
- Supermarkets or Hypermarkets
- Convenience Stores
- Online Retail Stores
- Other Distribution Channels
Noodles Packaging Market Regional Analysis/Insights
The noodles packaging market is analysed and market size insights and trends are provided by country, form, type and distribution channel as referenced above.
The countries covered in the noodles packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
During the forecast period, Asia-Pacific dominates the noodles packaging market in terms of revenue and market share. This is due to the growing demand for noodles packaging in this region. The Asia-Pacific region leads the noodles packaging market, with China leading the way in terms of the consumption of noodles are emerging among urban consumers in this region.
During the projected period, Europe is anticipated to be the fastest developing region due to the increasing demand for noodle packaging and the growing trend of convenience foods in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Noodles Packaging Market Share Analysis
The noodles packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to noodles packaging market.
Some of the major players operating in the noodles packaging market are:
- Amcor Plc (Switzerland)
- WestRock Company (U.S.)
- Sealed Air (U.S.)
- Nuconic Packaging LLC (U.S.)
- Tetra Laval Group (Switzerland)
- Crown Holdings, Inc. (U.S.)
- Smurfit Kappa (Ireland)
- DuPont (U.S.)
- Mondi (UK)
- Bemis Manufacturing Company (U.S.)
- International Paper (U.S.)
- DS. Smith (U.K.)
- Silgan Holdings Inc. (U.S.)
- Packaging Corporation of America (U.S.)
- Ball Corporation (US)
- Coveris Holdings S.A. (Luxembourg)
- Sonoco Products Company (U.S.)
- Berry Global Inc. (U.S.)
- Schur Flexibles (Austria)
- Anchor Packaging LLC (U.S.)
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