5 Key trends shaping food and beverage packaging

Dramatic changes in consumer demographics, lifestyles, and eating patterns are creating new opportunities for food and beverage packaging. Among the demographic mega-trends feeding into package development are changing population distribution, fewer married couples and more people living alone, smaller household size, and multi-generational households, according to market research publisher Packaged Facts in its new report, Food and Beverage Packaging Innovation in the U.S.: Consumer Perspectives. These demographic changes are leading to changes in household dynamics and eating behaviors, such as multi-shopper households, more meals being eaten alone, and frequent snacking on more occasions.

The report analyzes shifting and emerging trends in food and beverage packaging, focusing especially on the new packaging formats being used by food and beverage marketers, and on consumer attitudes and behaviors regarding food and beverage packaging.

Five key trends shaping food and beverage packaging

Targeting Millennials:
While Millennials may seem like a broad and amorphous target, numerous studies show there are some commonalities. Millennials like fresh, less processed foods, as demonstrated by their preference for “fast casual restaurants that offer freshly prepared foods, and shopping the perimeter of grocery stores where fresh and non-packaged foods can be found.”

Smaller packages are a big trend in packaging:
With one- or two-person households representing 61% of all U.S. households, packages sized to serve one or two people have become a big trend in packaging. Such formats include single-serve packaging, meals for two, multipacks of individual portions, and resealable packaging. The rise in smaller-footprint stores is also influencing this trend.

Packaging for convenience:
Convenience is a major selling point for food and beverage packaging. Features such as ease of opening, resealability, portability, lighter weight, and no-mess dispensing are packaging benefits that influence consumers’ purchasing decisions positively.

See-through packaging can boost sales:
More and more marketers are putting their products in packages that are see-through or have see-through windows. Transparency in packaging taps into consumer desire for transparency about how food and beverages are produced, both figuratively and literally. Companies that are transparent about their ingredients, sourcing, and business practices are reaping the benefits in consumer goodwill and trust.

Eco-friendly packaging growing:
In the past few years, single-serve bottled water has come under attack by environmentalists as epitomizing the wasteful nature of modern society. As a result, some marketers of bottled water have stepped up their introductions of more sustainable packaging. Likewise,Packaged Facts says it believes that improved recyclability and sustainability will become ever more important to the success of the single-cup brew market—if not a cost of entry—as this business matures. In the past two years, several American and Canadian marketers have introduced more environmentally friendly designs for use in K-Cup brewers.

Friday, October 30th, 2015 Business News

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