Fresh Food Packaging Market Analysis Report By Type, By Material, By Application, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global fresh food packaging market was prized by USD 123.4 billion in 2020. It is estimated to witness 5.0% CAGR from 2021 to 2028.

Drivers

Rising demand for natural fresh foodstuffs such as dairy products, fruits and vegetables from the fitness aware customers, is likely to contain an optimistic influence on the market for the fresh food packaging, during the forecast period.

Besides, growing retail chains and foodservice workers in Europe and North America are expected to change from plastic packing to a sustainable way out, to fascinate a nature aware user base within the regions. Therefore, the abovementioned reasons are projected to power the demand for biodegradable fresh food packaging.

Restraints

The plastic resins are resulting from the crude oil. Additionally, the materials similar to glass, steel, and aluminum are power exhaustive materials. Consequently, incessant variations in the prices of crude oil cause vagueness about the accessibility of raw materials on cost-effective or lesser prices, generating challenges for the field of fresh food packaging.

Application Insight

The dairy products section held the major, 39.3% revenue share and led the global fresh food packaging market, in 2020. The milk is having the major share of the fresh dairy products. It holds almost 50.0% share of the entire global production as well as the consumption of fresh dairy products.

The fruits and vegetable application section is projected to observe 4.9% CAGR, in terms of revenue, during the forecast period. The most important stuffing, in a vegetarian pattern of eating, is vegetables and fruits. The swing in the customer liking, in the direction of a lacto-vegetarian eating habits and plant sourced nutrients, is expected to enlarge the scope of the fruits and vegetable section.

In 2020, the eggs, meat and sea food section appeared like the subsequent major application division. It is steered by the rising global expenditure of fish, eggs and meat, in the developed as well as developing nations.

Packaging Type Insight

The rigid fresh food packaging section held the major, 52.4% revenue share and appeared like the leading type section in 2020. Rigid packaging type offer stronger assistance to the merchandises that are packed by means of solid basis plus the barricade walls.

The merchandises packed in a rigid category of packing are comfortable to transport from one location to another with no damage to the substances because of the strong construction of the packaging.

The flexible fresh food packaging section is likely to observe 5.6% CAGR, during the forecast period. Flexible packages consist of films like stretch film, shrink film, and pouches. Those present better ease in handling because they are light in weight, in addition to simple to transport. Bags and pouches are compacted and thus engage less room in retail stores as well as the warehouses, causing the extraordinary expansion of the market for fresh food packaging.

Material Insight

Due to its plentiful availability, strength and fewer prices, the plastic material section held the principal, 37.2% revenue share and led the fresh food packaging market, in 2020. The packing done using plastic material, offers an effective blockade from dampness to the inside wrapped material.

The paper & paper board section came forward like the subsequent biggest material; in addition to it is a sustainable option for the plastics. Eco-friendly paper fiber sourced rigid packing way out like boxes and trays are on demand from consumers because of the dipping utilize of plastic in packing.

Bagasse is created at some stage in the procedure of the production of sugar from the sugarcane. Bagasse is one more sustainable untreated material. It is the probable fiber basis, produced by excessive heat and high-pressure procedure, using comparatively lesser power as contrast to the paper pulping.

The others section comprises materials for example glass and metals. It held 20.0% revenue share. Since, it is a chemically inactive material, glass is appropriate for stock up the fresh food products. On the other hand, their heavy-duty as well as delicate characteristic causes a challenge, whilst using glass packaging, throughout treatment plus delivery.

Regional Insight

In 2020, Asia Pacific held the biggest 40.9% revenue share and led the global fresh food packaging market. The region is projected to lead the market, during the forecast period. A number of speedily rising economies such as Indonesia, South Korea, India, Japan and China pertain to this region. A huge end user basis in the nations similar to China and India is accountable for the greater demand for fresh food products. Consequently, this is increasing the demand for fresh food packaging, during the forecast period.

As a result of the existence of developed functional businesses in Canada and the U.S., North America appeared like the third major market for the fresh food packaging, in 2020. Rising concentration on decreasing the usage of plastics in the food & beverages manufacturing, is likely to increase the requirement for the sustainable way out in the region. Strict policies regarding ecological protection as well as the increasing necessity for effortlessly disposable way out are anticipated to impel the need for eco-friendly and recyclable materials in packing function.

Growing business actions, directed by Europe’s single-market policy, which permits open trade inside the region, are likely to be one of the most important factors meant for the enlargement of the market, within Europe.

The folding boxes and cartons are utilized in the shipping of diverse items such as fruits, eggs and vegetables. Therefore, demand for paper packaging goods in overseas sell of the foodstuff are likely to enlarge, during the forecast period.

Companies

By the attendance of several indigenous as well as international companies, the market is extremely aggressive. In addition to, the major companies are dominating the market and it is in disjointed in nature. To contend with presented companies and growing their infiltration in the native market, new companies are continuously in the process of developing inventive products. Key players are regularly obtaining minor contestants, to raise their share in the global market.

Some of the companies for fresh food packaging market are:

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

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Million Insights has segmented the global fresh food packaging market report on the basis of packaging type, material, application, and region:

• Packaging Type Outlook (Revenue, USD Billion, 2017 - 2028)
    • Rigid
        • Clamshells
        • Trays & Boxes
        • Others
    • Flexible
        • Pouches & Bags
        • Wraps & Films.

• Material Outlook (Revenue, USD Billion, 2017 - 2028)
    • Plastic
        • Polypropylene
        • Polyethylene
        • Polystyrene
        • Polyvinyl Chloride
        • Polyethylene Terephthalate
    • Paper & Paper Board
    • Bagasse
    • Polylactic Acid
    • Others

• Application Outlook (Revenue, USD Billion, 2017 - 2028)
    • Eggs, Meat and Seafood
    • Fruits and Vegetables
    • Dairy Products

• Region Outlook (Revenue, USD Billion, 2017 - 2028)
    • North America
        • U.S
        • Canada
    • Europe
        • U.K.
        • Germany
        • France
        • Italy
        • Spain
        • Denmark
        • Norway
        • Sweden
        • Russia
        • Poland
        • Netherlands
        • Portugal
    • Asia Pacific
        • India
        • China
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa
        • South Africa