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Innova Market Insights data indicates that Ready Meal launches are increasing globally, featuring a 3% compound annual growth rate between 2021 and 2023 launches. In 2023, Standard tray was the leading packaging type, and Plastic was the leading packaging material for Ready Meal launches. One-third (33%) of global Ready Meal launches had a Recyclable packaging claim.

Innova Market Insights data indicates that pet food launches were increasing globally, featuring 80% year-over-year growth when comparing 2022 and 2023. In 2023, Standing Pouch (59%) was the leading packaging format, with 74% of products packed in Plastic. Additionally, 19% of these launches had Recyclable claims.

Innova Market Insights data indicates that soft drink launches increased globally, featuring an 11% year-over-year growth when comparing 2022 and 2023. In 2023, Bottle (53%) was the leading packaging format for soft drink launches, and Plastic – Not Specified (26%) was the leading packaging material among soft drink launches.