Fresh Food Packaging Market size 2020 Trends, Development History, Current Assessment, Business Strategy, Upcoming Trends Of Industry
Fresh Food Packaging Market size
This packaging also provides information about the ingredients, nutritional value, and instructions to maintain the food’s quality and freshness. The demand for convenient food with longer shelf life has increased the demand for this type of packaging. Resultantly, the fresh food packaging market enjoys extensive traction worldwide.
The Fresh Food Packaging Market size is garnering substantial traction. The market growth attributes to the increasing demand for efficient packaging solutions for fresh produces. These packaging solutions are specially designed to protect fresh produces from the environment by maintaining a proper environment during shipping, distribution, and storage processes.
Fresh food packaging plays a causal role in enhancing safety and maintaining the quality of the packaged foods by preventing the growth of microorganisms. This packaging has proven to be far more useful for protecting goods and fresh produce. Versatile, economical, and lightweight, the fresh food packaging material is evaluated for its quality to withstand for an extended period.
According to Market Research Future (MRFR), the global fresh food packaging market is projected to grow at approximately 4% CAGR during the review period (2017–2023). COVID-19 has impacted consumers’ grocery shopping habits, creating ripple effects and opportunities for manufacturers, retailers and consumers when it comes to produce packaging.
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Additionally, the rising population and improving economic conditions that increase consumer purchasing power substantiate market growth. Growing applications across the burgeoning food & beverage sector contribute a major share to the overall market growth. The growing eCommerce industry is the largest consumer of fresh food packaging, driving the market growth.
Simultaneously, the restricted use of plastic packaging material has become the primary reason for the rising demand for fresh food packaging. Moreover, government initiatives for promoting eco-friendly packaging materials provide an added impetus to the growth of the global fresh food packaging market.
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Fresh Food Packaging Market — Segments
The report is segmented into three dynamics;
By Materials : Flexible & Rigid Plastic, Paper & Paperboard, Metal, Glass, and others.
By End-Uses : Meat Products, Fruits, Vegetables, Dairy Products, and others.
By Regions : Europe, APAC, Americas, and the Rest-of-the-World.
Fresh Food Packaging Market — Geographical Analysis
The Asia Pacific region dominates the global fresh food packaging market. The largest market share attributes to the rapidly spreading awareness about global warming and growing environmental concerns. The emergence of inexpensive and eco-friendly packaging technologies manufactured from recycled material and advanced manufacturing techniques substantiate the regional market growth.
Moreover, rising exports of fruits and vegetables, alongside the growing e-commerce industry in the region, foster the growth of the market. China and India are the key markets for fresh food packaging in the region, providing increasingly lucrative opportunities. The APAC fresh food packaging market is expected to retain its dominance throughout the forecast period.
North America stands second in the global food packaging market. The market growth is driven by the rising demand for fresh produce and the higher disposable income of demographics. Additionally, the vast technological advances and demand for efficient packaging solutions for meat, poultry, and seafood boost the regional market growth.
Furthermore, the burgeoning e-commerce industry, increasing cross-border trade and rising online shopping fuel the market demand in the region. The North American food packaging market is estimated to grow at a significant CAGR during the review period.
Europe is a notable market for fresh food packaging solutions globally. Factors such as the changing lifestyles and increasing trend of nuclear families alongside the increasing demand for smaller packaging drive the growth of the fresh food packaging market in the region. Due to the convenience of storing, single-use packaging is preferred by the retailers/ suppliers of meat products in the region. Resultantly, the fresh food packaging market in the region is growing rapidly.
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Global Fresh Food Packaging Market — Competitive Analysis
Fiercely competitive, the fresh food packaging market appears fragmented due to the presence of several well-established players. To gain a significantly larger competitive share, notable players incorporate strategic initiatives such as collaboration, mergers & acquisitions, expansion, and product/technology launch.
Manufacturers keep themselves abreast of the new technological developments and latest consumer trends by developing human capital. They rely on innovation and invest their time & money in developing the latest technologies, increasing productivity and value.
Major Players:
Players leading the global fresh food packaging market are Amcor Limited (Australia), D.S. Smith Plc. (U.K), Smurfit Kappa Group (Ireland), Mondi Plc. (South Africa), Coveris Holdings S.A (U.S.), Bemis Company, Inc. (U.S.), Silgan Holdings Inc. (U.S.), RockTenn Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), and International Paper Company (U.S.), among others.
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Industry/ Innovation /Related News:
September 25, 2020 — — Stora Enso (Sweden), a leading pulp and paper firm, announced the commencement of production of formed fiber foodservice products named PureFibre. The company’s eco-product range is manufactured without plastic and per- and polyfluoroalkyl substances (PFAS), enabling a renewable, biodegradable, recyclable, sustainable, and safe alternative for fresh food packaging. The PureFiber range production commenced following the announcement of an investment in 2019 in additional formed fiber capacity.
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