Global Fresh Food Packaging Market - Segmented by Material Type, Package Type, Application, and Region - Growth, Trends, and Forecasts (2022 - 2030)
The global fresh food packaging market is expected to reach USD 98.9 billion in 2023 from USD 80.7 billion in 2017, witnessing a CAGR of 3.4%, during the forecast period 2018 - 2023.
Fresh food packaging is a packaging technique to prevent food from change of state or contamination from physical, chemical, and biological sources. This helps in longer storage of the product. The affordable, convenient, and sustainable packaging material such as PET, paper, aluminum and polyvinyl chloride is increasing the demand from customers, which in turn, is increasing the packaging rate of poultry and meat products, fruits and vegetables and dairy products. New packaging technologies, such as active packaging, intelligent packaging, and engineering science, have evolved over the years, which enable flexible packaging of fresh food products. Companies are adopting eco-friendly packaging by using biodegradable packaging material which can be recycled, renewed, and reused.
The increasing demand for the extended shelf life of food and convenience are driving the growth of the fresh food packaging market, while the stringent government regulations and rising prices of raw materials are restraining the growth of the market.
Increasing Demand for Extended Shelf Life of Products is driving the Fresh Food Packaging Market
After packaging, it takes time for a product to reach consumers in various parts of the world. The packaged food may not be fresh and might lose its aroma and taste before reaching the consumer. The threat of food being spoilt before reaching the consumer is increasing, as it would result in loss of capital invested in the packaging. To overcome this, food processing industries are investing in technologies and various new packaging techniques, such as intelligent packaging and engineering science, which help in increasing the shelf life of the product. Organizations are focusing on consumer satisfaction, apart from revenues, as it impacts the image and value in the market. Increasing health consciousness and awareness regarding consuming fresh food are influencing consumers to opt for packaged products with a longer shelf life. Moreover, consumers are focusing on packaged products that retain their freshness, aroma, and taste even after many days of purchase. Thus, organizations are focused on improving the shelf life of products.
Asia-Pacific to have a Major Growth over the Forecast Period in Fresh Food Packaging Market
Asia-Pacific has experienced a positive growth in the fresh food packaging market and is estimated to witness a significant growth, over the forecast period. The disposable income of consumers in the region has witnessed significant growth, which increased the standard of living of people in the region. The growing urban population in India and China is increasing the demand for fresh food packaging in this region. India and China, together contributed over 70% of the total share of Asia-Pacific share, in 2017.The increasing exports of fruits and vegetables in Asia-pacific is increasing the growth of the market. The world imports of fruit and vegetables has increased by 17.6%, imports of fruits and vegetables in the Asia Pacific region increased by a remarkable 51.6%.
Key Developments in the Fresh Food Packaging Market
Aug 2018: Amcor acquired the US firm Bemis, a packaging firm of flexible and rigid plastic packaging for food and consumer products, in a USD 6.8 billion deal, which is estimated to create a dominant flexible packaging company in the Americas.
Feb 2017: Mondi acquired Excelsior Technologies Limited, mainly, for its food applications, such as the unique packaging technology for microwave steam cooking, in order to improve its offerings for innovative solutions.
Fresh Food Packaging Market Major Players:
Coveris Holdings SA
Amcor Limited
DuPont
Smurfit Kappa Group
Mondi Limited
Bemis Company Inc.
International Paper Company
DS Smith PLC
Sonoco Products
Schur Flexibles Group
ITC Limited
Reasons to Purchase Fresh Food Packaging Market Report
Know various factors driving the global fresh food packaging market
Analyze various market perspectives, with the help of Porter’s five forces analysis.
Regions expected to witness the fastest growth rate during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players.
3-month analyst support, along with the Market Estimate sheet (in excel).
Customize Fresh Food Packaging Market Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Fresh food packaging is a packaging technique to prevent food from change of state or contamination from physical, chemical, and biological sources. This helps in longer storage of the product. The affordable, convenient, and sustainable packaging material such as PET, paper, aluminum and polyvinyl chloride is increasing the demand from customers, which in turn, is increasing the packaging rate of poultry and meat products, fruits and vegetables and dairy products. New packaging technologies, such as active packaging, intelligent packaging, and engineering science, have evolved over the years, which enable flexible packaging of fresh food products. Companies are adopting eco-friendly packaging by using biodegradable packaging material which can be recycled, renewed, and reused.
The increasing demand for the extended shelf life of food and convenience are driving the growth of the fresh food packaging market, while the stringent government regulations and rising prices of raw materials are restraining the growth of the market.
Increasing Demand for Extended Shelf Life of Products is driving the Fresh Food Packaging Market
After packaging, it takes time for a product to reach consumers in various parts of the world. The packaged food may not be fresh and might lose its aroma and taste before reaching the consumer. The threat of food being spoilt before reaching the consumer is increasing, as it would result in loss of capital invested in the packaging. To overcome this, food processing industries are investing in technologies and various new packaging techniques, such as intelligent packaging and engineering science, which help in increasing the shelf life of the product. Organizations are focusing on consumer satisfaction, apart from revenues, as it impacts the image and value in the market. Increasing health consciousness and awareness regarding consuming fresh food are influencing consumers to opt for packaged products with a longer shelf life. Moreover, consumers are focusing on packaged products that retain their freshness, aroma, and taste even after many days of purchase. Thus, organizations are focused on improving the shelf life of products.
Asia-Pacific to have a Major Growth over the Forecast Period in Fresh Food Packaging Market
Asia-Pacific has experienced a positive growth in the fresh food packaging market and is estimated to witness a significant growth, over the forecast period. The disposable income of consumers in the region has witnessed significant growth, which increased the standard of living of people in the region. The growing urban population in India and China is increasing the demand for fresh food packaging in this region. India and China, together contributed over 70% of the total share of Asia-Pacific share, in 2017.The increasing exports of fruits and vegetables in Asia-pacific is increasing the growth of the market. The world imports of fruit and vegetables has increased by 17.6%, imports of fruits and vegetables in the Asia Pacific region increased by a remarkable 51.6%.
Key Developments in the Fresh Food Packaging Market
Aug 2018: Amcor acquired the US firm Bemis, a packaging firm of flexible and rigid plastic packaging for food and consumer products, in a USD 6.8 billion deal, which is estimated to create a dominant flexible packaging company in the Americas.
Feb 2017: Mondi acquired Excelsior Technologies Limited, mainly, for its food applications, such as the unique packaging technology for microwave steam cooking, in order to improve its offerings for innovative solutions.
Fresh Food Packaging Market Major Players:
Coveris Holdings SA
Amcor Limited
DuPont
Smurfit Kappa Group
Mondi Limited
Bemis Company Inc.
International Paper Company
DS Smith PLC
Sonoco Products
Schur Flexibles Group
ITC Limited
Reasons to Purchase Fresh Food Packaging Market Report
Know various factors driving the global fresh food packaging market
Analyze various market perspectives, with the help of Porter’s five forces analysis.
Regions expected to witness the fastest growth rate during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players.
3-month analyst support, along with the Market Estimate sheet (in excel).
Customize Fresh Food Packaging Market Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Frequently Asked Questions
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