DUBAI, UNITED ARAB EMIRATES – The global packaged bread market is expected to reach $66.5 billion by 2032, driven by the availability of raw materials, better packaging and improved quality and taste, according to Future Market Insights, a market research company based in Dubai.
The current value of the global packaged bread market is $42.4 billion, according to Future Market Insights. Over the next decade, the market research firm said it expects the category to grow at a compound annual growth rate of 4.6%.
“The extended shelf life of bread wrapped using smart packaging solutions compared to passive packaging helps protect bread quality without deterioration from oxygen and mold, using biodegradable and edible polymer films to low gas permeability while including a provisional safety rating, which perfectly maintain the taste and flavor of the product for 60 days, driving demand and increasing sales worldwide,” said Future Market Insights.
The market research firm said research shows that millennials prefer small portions of packaged bread, packaged for immediate consumption. As a result, more bakery companies are incorporating new machinery to enable inexpensive product packaging without compromising the quality of the packaged bread, Future Market Insights said. Also, other packaging solutions are launched to extend the shelf life of a product.
“A new concept has developed recently, called smart packaging or active packaging, in which the packaging is made with functional materials, which can deliberately interact with the bread to monitor and extend its shelf life,” said Future Market. Insights. “Nano-packaging is also being researched by pioneers using edible and biodegradable films to meet environmental requirements that can increase the shelf life of packaged bread up to 60 days.
“Another recent technological development in the market is the implementation of 3D for exact sorting using Vision-system, an innovative 3D scanner, which can easily handle the image recognition problem on conveyor belts during bread wrapping, which can be missed quite often in automatic sorting resulting in low contrast unidentified objects and small crumbs in the wrapped bread, which is undesirable.