Fresh Food Packaging Market size 2020 analysis and competitive landscape assessment size share and growth industry overview by 2027
Global Fresh Food Packaging Market-Overview
The demand for fresh produce is estimated to rise in the coming
years contributing to the development of the fresh food packaging market 2020. The
packaging and transport industry reports are produced by Market Research
Future, which highlights market options for expansion. The market is predicted
to gain the highest CAGR in the forecast period.
The inclination towards the consumption of fresh produce is
estimated to increase the reliance on the fresh food packaging market.
Moreover, the trend of supporting local producers and organic produce is
estimated to positively enhance the fresh food packaging market in the upcoming
period.
Segmental Analysis
The segmentation of the Fresh
Food Packaging Market is conducted based on material, end-use, and regions.
On the basis of material, the fresh food packaging market comprises of paper
& paperboard, flexible & rigid plastic, glass, metal, and others. Based
on the end-use, the fresh food packaging market is segmented into fruits,
vegetables, dairy products, meat products, and others. Based on the regions,
the fresh food packaging market is segmented into APAC, North America, the
Middle East, Europe, & Africa.
Detailed Regional
Analysis
The regional review of the fresh food packaging market is segmented
into APAC, North America, the Middle East, Europe, & Africa. The Asia
Pacific regional market is likely to be the most lucrative fresh food packaging
market around the globe due to the growing export of fruits and vegetables from
countries like China and India. With mounting understanding concerning
global warming and issues related to the environment, the appearance of
eco-friendly packaging technologies, that are reasonably priced and produced
from recycled material and eco-friendly techniques of fresh food packaging are driving
the market towards development.
Competitive Analysis
The improvement in research and development facilities and equipment
is further projected to influence the growth of the market in the forecast
period. The need to prepare for contingencies such as natural disasters,
pandemics, and international trade wars is expected to allow the market a
better capability to deal with the challenges. The scope of development of the
market shows a high growth potential that the market can achieve in the coming
years. The strategic allocation and positioning of assets are expected to aid
each competitor in the mart with their growth goals. The inducement of definite
regulations introduced by the governments of several countries is estimated to
enhance the profits that can be gained by the market. The availability of
suitable means to build robust distribution channels is estimated to
characterize the future expansion of the market in the forecast period. The
stability of the economic state is expected to further lend to the favorable
development in the global market strength.
The crucial contenders in the Fresh
Food Packaging Market are Amcor Limited (Australia), Smurfit
Kappa Group (Ireland), Bemis Company, Inc. (U.S.), Coveris Holdings S.A (U.S.),
D.S. Smith Plc. (U.K), Mondi Plc. (South Africa), Silgan Holdings Inc. (U.S.),
International Paper Company (U.S.), E. I. du Pont de Nemours and Company
(U.S.), and RockTenn Company (U.S.) to name a few.
Industry Updates:
Mar 2020 Aptar Food and Beverage, a US-based company and a branch of
AptarGroup, has presented an anti-pathogenic packaging product to shield fresh-cut
produce. InvisiShield platform can be included in sealed packages to put off
the increase of fungi, bacteria, or viruses on the food product, as well as lessen
contamination possibility.
Mar 2020 Sufresca, an Israel-based, has created edible coatings that
eliminate fresh produce plastic packaging and diminish food loss and waste. The
custom-made edible formulations arrive with simply implemented application
technique and preserve the appearance and taste like as if just harvested.
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