Fresh Food Packaging Market will grow at highest pace owing to increasing consumption of packaged fresh food items
The global fresh food packaging market comprises of various materials used for packaging of fresh food items including fruits & vegetables, meat, poultry, seafood, and dairy products. Packaging solutions such as modified atmosphere packaging, vacuum skin packaging, flexible packaging, and rigid packaging are used for extending shelf-life and preserving the quality and freshness of food products during transportation. Packaged fresh food items offer convenience, ease of use, and food safety benefits. Rapid urbanization, changing lifestyles and growing demand for ready-to-eat and convenience food products are fueling the growth of the fresh food packaging industry globally.
The Global Fresh Food Packaging Market is estimated to be valued at US$ 93.71 Bn in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031
Key Takeaways
Key players operating in the fresh food packaging are Crown Holdings Inc., Sealed Air Corporation, Tetra Pak International, Amcor Ltd., Rexam PLC, Sonoco Products Company, Graphic Packaging International LLC, International Paper Company, Ball Corporation, Reynolds Group Holdings Ltd., WestRock Company, Smurfit Kappa, Coveris, DuPont, DS Smith PLC, Mondi PLC, Silgan Holdings Inc., Schur Flexibles, Anchor Packaging Inc., and Printpack Inc. Fresh food packaging manufacturers are investing in research & development to introduce bio-based and recyclable packaging materials in order to cater to the rising demand for sustainable packaging from end-use industries. The global fresh food packaging market is driven by the increasing consumption of packaged fresh convenience food products.
Technological advancements such as atmospheric controlled packaging, modified atmosphere packaging, anti-fog packaging, and active & intelligent packaging solutions are helping enhance shelf-life and track food products. These innovations are gaining popularity among food manufacturers and retailers.
Market Trends
Growing demand for sustainable packaging: Fresh Food Packaging Market Growth and retailers are facing pressure from regulators as well as environment-conscious consumers to opt for renewable and recyclable/recycled packaging materials to reduce plastic waste. This is encouraging packaging companies to invest in development of bio-based and eco-friendly packaging solutions.
Rise of active & intelligent packaging: Food traceability and safety concerns are propelling the demand for advanced packaging incorporating sensors, RFID tags, and time-temperature indicators to track food quality, detect contamination, and determine freshness. Intelligent packaging allows real-time monitoring of food supply chains.
Market Opportunities
Increasing fresh food consumption in emerging nations: Rapid economic growth, rising disposable incomes, and growing health consciousness among the expanding middle-class population in developing Asian, Latin American, and African countries are fueling the demand for food packaging, thereby attracting fresh investments from packaging firms.
Focus on circular economy models: Growing preferences for sustainable business models present opportunities for packaging firms to collaborate with food companies and retailers to establish circular supply chains involving recycling and reuse of packaging materials. Investments in recycling infrastructure would support circular business models.
Impact of COVID-19 on Fresh Food Packaging Market Growth
The COVID-19 pandemic has significantly impacted the Fresh Food Packaging Market Challenges And Opportunities. Government-imposed lockdowns and social distancing norms led to closure of food manufacturing and foodservice facilities. This drastically reduced demand for fresh food products as well as their packaging materials such as rigid boxes, bags, pouches, trays, wraps, and containers in the initial months of 2020. However, rising awareness about health and hygiene amid the pandemic has boosted demand for packaged fresh foods from retail channels. Growing consumer preference for ready-to-eat meals and longer shelf-life is fueling sales of modified atmosphere packaging (MAP) and active packaging technologies. Manufacturers are focusing on developing advanced fresh food packaging solutions with added safety features like anti-microbial properties to regain consumer confidence. In the post-COVID phase, continued growth in e-commerce and online food delivery trends are expected to drive market revenue growth through 2024.
North America Region Has Highest Fresh Food Packaging Market Value
North America accounted for the largest share of the global fresh food packaging market in terms of value in 2024. Intensive production and consumption of packaged fresh produce, dairy, meat and seafood along with growing demand for convenience and longer shelf-life from busy consumers has been driving material demand in the region. Advanced packaging technologies along with stringent food safety regulations are commonly adopted by major food brands in North America. The U.S. is the leading revenue generator whereas Mexico is emerging as a high growth market. Efforts by packaging manufacturers to provide innovative and sustainable solutions will support continued dominance of North America in the coming years.
Southeast Asia and China Are Fastest Growing Regions for Fresh Food Packaging Market
Southeast Asia and China represent the fastest growing regional markets for fresh food packaging globally. Rising disposable incomes, growing health awareness and changing lifestyles are fueling demand for packaged fresh and convenience foods in populous nations like China, Indonesia, Thailand and Vietnam. Governments in the region are also undertaking initiatives to boost domestic food production and exports. This is translating to increased consumption of rigid boxes, bags, pouches and modified atmosphere technologies for various fresh produce and seafood applications. Moreover, expanding physical and online retail infrastructure is augmenting geographic expansion of major Asian producers and brands. These factors will continue propelling growth opportunities for fresh food packaging manufacturers across Southeast Asia and China until 2031.
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Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
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