Market scope (geographical)

Market segment

Market size

Market share

Segmentation

Innovation in food processing technology and an upsurge in the demand for processed food are
expected to drive the market over the predicted years. Also, the growing adoption of automated
technologies in this segment and rising research & development in food processing machinery
expects a boost to the market in the coming years.

The global food processing seals market size was valued at USD 2.8 billion in 2019 and is
expected to grow at a compound annual growth rate (CAGR) of 2.5% from 2020 to 2027. ...
The U.S. market was valued at USD 329.4 million in 2019 and is estimated to grow at a CAGR
of 2% from 2020 to 2027.
Hosting roughly 9,000 food processing companies in Thailand, the country is the main producer and
exporter for several processed foods including canned tuna, frozen seafood, shrimp, and chicken.1
Processed food exports contribute about 52% of total food exports and account for nearly 15% of Thai
manufacturing output.2
In the food processing sector, more than 28,000 food and beverages companies are registered, which is
more than half of the manufacturing sector. The Burma packaged food and beverage market is
estimated to be worth $5 billion by 2020 compared to approximately $ 3 billion in 2018, presenting
significant growth opportunities for international brands. By the year 2021, the retail sales in the
packaged food market in Burma is expected to reach over US$3.1 billion, a growth rate of
60.4% or US$1.1 billion. Food consumption drives demand, and this depends on
population growth. The market for Myanmar packaging is expected to grow at a CAGR of 5% during
the forecast period 2021 - 2026. In the food processing industry, until June 2019, there were 29,118
food and beverage companies registered, which is 57% of the total manufacturing companies.
The food-processing sector consists mainly of instant noodles, coffee, tea, ready-to-eat
traditional foods and bakery products.
Innovation in food processing technology, upsurge in the demand for processed food, and rising
research & development in food processing machinery are expected to drive the market over
the predicted years.
Various applications of food processing are Beverages, Dairy, Meat & Poultry, Bakery,
Convenience Food & snacks, Fruits & Vegetables, Confectionery, and Other.
The food processing sector consists mainly of bakery products, instant noodles, coffee, tea, and ready-
toeat traditional foods.

In fiscal year (FY) 2019-2020 (October to September), Burma’s total foreign trade amounted to $36.7
billion, in which trade with the United States had a 4 percent market share (Ministry of Commerce).
Burma’s retail sector continues to modernize rapidly, with a large influx of foreign consumer brands.
Retail sales of packaged foods are expected to reach over $3.1 billion in 2021, which would reflect an 82
percent increase within the past 5 years. The market share of modern retail outlets grew 60 percent
over the past year to reach 25 percent in 2020.

Food and Beverage Trends

Ready-to-eat meals, healthy and natural foods and snacks, frozen meals, wine, beer, dairy products,
fresh/frozen/processed fish and seafood, and halal foods.

According to the Eurocham’s Consumer Good Guide 2020, the Myanmar packaged F&B market is
estimated to be worth 5 billion USD by 2020, increasing from approximately 3 billion USD in 2018, with
remarkable growth opportunities for international brands. And the retail sales in the packaged food
market in Myanmar were approximately 1.7 billion USD in 2016 and are forecasted to reach over 3.1
billion USD in 2021. Some examples of packaged foods are instant noodles, potato chips, snacks, ready-
to-eat meals, breakfast cereals, chocolate and other foods that are sealed in a box, bag, can or other
container.

Competitive landscape
The Myanmar packaging industry is moderately competitive and consists of several players. With the
rising demand for packaging applications, along with technological advancements across the economy,
many foreign players are increasing their market presence by expanding their business footprint across
different end-user industries.