Fresh Food Packaging Market: Fruits And Vegetable Application Segment Is Expected To Witness A CAGR Of 4.9% In Terms Of Revenue

 Fresh Food Packaging Industry Overview

The global fresh food packaging market size is expected to reach USD 181.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.0% from 2021 to 2028. Increasing demand for fresh dairy products from developing countries is expected to be the key driver for the market over the forecast period.

 

The industry has experienced a significant impact of the COVID-19 pandemic owing to the disruption of the supply chain. The shutdown in China, which is one of the key raw material producers, has impacted packaging manufacturers globally. The shortage in supply of raw materials like plastics, aluminum, steel, and others from Chinese manufacturers has resulted in a demand-supply gap, however, the manufacturing is expected to ramp up the production gradually.

The demand for packaging of fresh vegetables and fruits remained intact as the supply chain remained unaffected and imports continued during the COVID-19 pandemic. Specifically, the fruits and vegetables with high vitamin C content witnessed a significant increase in sales which further contributed to the increased supply-demand gap for the market.

The increasing demand for eco-friendly packaging solutions has forced various companies to develop products that are recyclable or biodegradable. For instance, in November 2020, Amcor plc introduced a new product line, Packpyrus, which is a paper-based packaging solution for meat and cheese. Similarly, in September 2019, PPC Flexible Packaging LLC launched PPC green products, which include compostable and recyclable pouches to strengthen its sustainable eco-friendly product portfolio

Major market players are constantly acquiring smaller market participants to increase their market shares in the global market. For instance, in February 2019, Sealed Air announced the acquisition of MGM’s flexible packaging business to increase its market presence and expand its food packaging product portfolio. Similarly, in June 2019, Amcor Plc acquired U.S.-based Bemis Company Inc., a manufacturer of flexible and rigid packaging, to increase its global reach.

Fresh Food Packaging Market Segmentation

Grand View Research has segmented the global fresh food packaging market on the basis of packaging type, material, application, and region:

Based on the Type Insights, the market is segmented into Rigid, and Flexible.

• The rigid fresh food packaging segment emerged as the largest type segment in the year 2020 and accounted for the largest revenue share of 52.4%. Rigid solutions provide stronger support to the goods that are packed with firm bases and barrier walls. Products packed in a rigid type of packaging are easy to ship from one place to another without damaging the content owing to the sturdy structure of the packaging.
  
  
• The flexible fresh food packaging segment is expected to witness a CAGR of 5.6% over the forecast period. Flexible packages including films such as shrink film, stretch film, and pouches offer greater convenience in handling as they are lightweight and easy to carry. Pouches and bags are compact and thereby occupy less space in warehouses and retail stores leading to high growth of the market for fresh food packaging.

 

Based on the Material Insights, the market is segmented into Plastic, Paper & Paper Board, Bagasse, Polylactic Acid, and Others.

• The plastic material segment dominated the market for fresh food packaging and accounted for the largest revenue share of 37.2% in 2020 owing to its low cost, durability, and abundant availability. Packaging with plastic provides an efficient moisture barrier to the contents. Similarly, clear, and transparent containers or films are in demand as they enable end-users to easily identify the content as well as to check the product quality leading to high market share.

 

• The paper and paper board segment emerged as the second-largest material and is a sustainable alternative for plastics. Recyclable paper fiber-based rigid packaging solutions such as trays and boxes are in demand from customers owing to the reducing use of plastic in packaging. For instance, AR Packaging, a Sweden-based company, launched a one-piece barrier carton board tray in March 2021 that can be used for fresh fruits and vegetables as well as herbs, mushrooms, and seeds.

 

Based on the Application Insights, the market is segmented into Eggs, Meat, and Seafood, Fruits and Vegetables, and Dairy Products.

• The fruits and vegetable application segment is expected to witness a CAGR of 4.9% in terms of revenue over the forecast period. Major contents in a vegetarian diet are fruits and vegetables. The shift in the consumer preference toward a vegan diet and plant-based nutrients is likely to expand the market size of the fruits and vegetable segment.

 

• The Eggs, meat, and seafood segment emerged as the second-largest application segment in the market for fresh food packaging in the year 2020 driven by growing meat, fish, and eggs consumption in the developing and developed economies around the globe. Players operating in the market are developing innovative solutions such as efficient oxygen barriers, bio-based raw materials, and other printing capabilities for better marketing options.

 

Fresh Food Packaging Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

 

Key Companies & Market Share Insights

The market for fresh food packaging is highly competitive with the presence of many global and local players. The market is fragmented in nature with key players dominating it. New players are constantly involved in developing innovative products and increasing their penetration in the local market to compete with existing players. Major market players are constantly acquiring smaller market participants to increase their share in the global market for fresh food packaging. For instance, in February 2019, Sealed Air announced the acquisition of MGM’s flexible packaging business to increase its market presence and expand product portfolio. Some of the prominent players in the fresh food packaging market include:

• Amcor plc
• DS Smith Plc
• Mondi
• Coveris
• FLAIR Flexible Packaging Corporation
• PPC Flexible Packaging LLC
• Flex-Pack
• Transcontinental Inc.
• FFP Packaging Ltd.
• Sealed Air
• GRUPO LANTERO
• INFIA srl
• Sonoco Products Company
• Huhtamaki
• CLONDALKIN GROUP
• Clifton Packaging Group Limited
• ProAmpac
• Genpak, LLC
• Pro-Pac Packaging Limited
• WINPAK LTD

Order a free sample PDF of the Fresh Food Packaging Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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