Fresh Food Packaging Market share 2022 Growth Opportunities, Industry Revenue and Business Analysis by Forecast – 2030

 

Fresh Food Packaging Market share

The market of Fresh Food Packaging is anticipated to reach USD 183.45 billion by 2027 and register a CAGR of 5.78% throughout the forecast period of 2027.

The fresh food packaging market witnesses several strategic approaches, such as collaboration, mergers acquisitions, expansion, and product/ technology launches. Major industry players make strategic investments to drive their research development activities and expansion plans.

With consumer demand for Fresh Food Packaging Market share on the rise, manufacturers strive to design solutions that can offer innovative solutions to their customers, enhancing products’ direct visibility and longevity.

For instance, recently, on Sep.17, 2021, BW Flexible Systems, a Barry-Wehmiller Packaging Co., launched a new intelligent, sanitary design Hayssen ISB vertical-form-fill-seal (VFFS) bagger for food packaging. BW Flexible Systems offers packaging solutions for frozen/individually quick-frozen (IQF) food, fresh produce, and cheese.

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COVID-19 Impact:

The onset of the COVID-19 pandemic hit the fresh food packaging industry severely. Although the demand for fresh foods and beverages was significant amid the pandemic-driven crises, growers/shippers, re-packers, and retail stores faced huge revenue losses. Besides, the lockdown mandates halted the production of several key raw materials required to manufacture packaging solutions, resulting in spiked prices and lowered demand for fresh food packaging solutions.

However, the market is rapidly returning to normalcy and witnessing a steadily increasing demand. Moreover, the rising consumption of intelligent packaging solutions, alongside the increased production activities and demand for storage and distribution applications, is estimated to offer robust market opportunities.

Segmentation

The market is segmented into materials, end-users, and regions. The material segment is sub-segmented into paper paperboard, flexible rigid plastic, glass, metal, and others. The end-use segment is sub-segmented into fruits vegetables, meat products, dairy products, and others. Among these, the fruits and vegetable segment accounts for the largest market share, witnessing the continually rising demand for food packaging.

Also, the meat, poultry seafood packaging segment is growing exponentially due to the increasing number of retail outlets, the overall rise in retail sectors, and increasing demand for processed food items. The region segment is sub-segmented into the Americas, Europe, Middle East Africa, Asia Pacific, and rest-of-the-world.

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Regional Analysis

The Asia Pacific region accounts for the largest fresh food packaging market share globally. Rising exports of fresh produce boost the region’s fresh food packaging market size. Besides, the growing demand for flexible packaging due to the introduction of intelligent packaging solutions and high production rates of produces increase the fresh food packaging market value in the region.

China and India, backed by the rising demand for efficient packaging solutions and high exports of produces, account for the largest markets for fresh food packaging solutions in the region. Moreover, vast investments in product developments and upgrades of packaging technology, alongside the increasing e-commerce businesses, drive the fresh food packaging market growth in the region.

Competitive Analysis

List of the Key Companies Profiled in the Fresh Food Packaging Market Report are–

• Amcor Limited (Australia)
• D.S. Smith Plc. (UK)
• Smurfit Kappa Group (Ireland)
• Mondi Plc. (South Africa)
• Coveris Holdings SA (US)
• Bemis Company Inc. (US)
• Silgan Holdings Inc. (US)
• E. I. du Pont de Nemours and Company (US)
• RockTenn Company (US)
• International Paper Company (US)
• others.

Segmentation of the Market covered in the research:

Fresh Food Packaging Market Information Report: by Material (Flexible Rigid Plastic, Paper Paperboard, Metal, Glass, Others), End-Use (Meat Products, Fruits, Vegetables, Dairy Products, Others), Region — Forecast till 2028

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