Fresh Food Packaging Market 2023 Worldwide Industry Analysis, Future Demand and Forecast till 2031
Fresh Food Packaging Market-Overview
The market of Fresh Food Packaging is anticipated to reach USD 183.45 billion by 2030 and register a CAGR of 5.78% throughout the forecast period of 2030.
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-user, 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.
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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.
Fresh food packaging is used to preserve food from state changes such as chemical, physical, biological sources. This aids in the longer storage of fresh food products. Cost-effective, convenient, and reliable packaging materials, like PET, aluminum foil, paper, and polyvinyl chloride, are undergoing rising demand from consumers to become, is inclining the packaging rate of meat and poultry products, vegetables and fruits, and dairy products.
Advanced packaging technologies, like intelligent packaging, active packaging, and technologies with engineering science, have emerged across the years, which permits flexible packaging of food products. Firms are adopting environment-friendly packaging by utilizing biodegradable packaging products, which could be recycled, reused, and renewed.
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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 crucial contenders in the fresh food packaging Industry Applications 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.
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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 a simply implemented application technique and preserve the appearance and taste as if just harvested.
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