Industries > Packaging > Fresh Food Packaging Market Report 2019-2029
Fresh Food Packaging Market Report 2019-2029
A Global Fresh Food Packaging Market Estimate and Forecast – Industry Insights for Consumption, Demand, Production, Price Trend, Competitive Intelligence and Opportunity Analysis Along the Value Chain
The global fresh food packaging market was valued at $90.1 billion in 2018. Increasing advancements in food packaging and food processing plays a vital role in keeping the food supply secure. Moreover, packaging enables manufacturers to gain advantage of food processing that further enables the food to commute for longer distances from their origin point till the point of consumption thereby making the food suitable for consumption.
The benefits provided by fresh food packaging such as protecting food from outside influences and damage and informing consumers adequately regarding the nutritional value provided by the food product along with ingredients. Aforementioned benefits of fresh food packaging propelling the growth of the global fresh food packaging market. Additionally, growing cases of tamper indication, detectable, convenience, and preserving food in a cost-effective manner are the main features offered fresh food packaging that is further supporting in satisfying the needs of the consumers, maintaining safety standards of food, and thereby reducing the environmental impacts.
Increasing concerns pertaining to the amount of pesticides and use of various chemicals sprayed upon the fruits and vegetables and various artificial ripening techniques utilized by the street vendors is driving the growth of the global fresh food packaging market. Food packaging hinders deterioration of food, helps in extending the shelf-life, helps in retaining the benefits of processing, enable safety of food, and helps in increasing and maintaining the quality of food. Furthermore, packaging provides chemical protection to food that helps in reducing effect of environmental consequence such as exposure to moisture, gases, and light.
Moreover, various packaging materials aim at providing chemical barrier such as glass and metals provides barrier from various environmental agents and chemicals. Additionally, plastic packaging is more absorptive as compared to glass or metal and further provides several barrier advantages. Besides food packaging also helps in providing biological barrier to food from insects, microorganisms and rodents that helps in averting effects of spoilage and diseases. Furthermore, extensive awareness arising among the consumers pertaining to health consciousness and consciousness related to nutritional value of the food is another factor propelling the growth of the fresh food packaging market globally.
However, stringent regulations implemented by the government authorities related to the raw material used in the packaging, increasing effects of global warming, and environmental concerns is the key restraint factor that is hampering the growth of the global fresh food packaging market.
Fresh food packaging market forecast 2019 – 2029 estimates the historical market size in terms of consumption as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the fresh food packaging manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Fruits and vegetables, meat and seafood, dairy products and other industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.
The reports provide the analysis based on material and application segment. On the basis of material, the global fresh food packaging market is segmented into paper bag / board, plastic, glass, and wood / metal. Among all these segments, paper bag / board segment is anticipated to become largest revenue holder during the forecast period owing to excessive ban implemented by government authorities on use of plastic packaging that thereby accentuates the need for utilising plastic bag globally and thus significantly stretching its growth. Moreover, Food and Drug Administration (FDA) legalizes the use of paperboard and paper in food packaging. Paperboard/bag is used in milk cartons, bags and sacks, corrugated boxes, wrapping paper, and folding cartons.
Based on application, the global fresh food packaging market is categorised into fruits and vegetables, meat and seafood, dairy products and others. Among all these segments, meat and seafood segment holds dominant position in the fresh food packaging market in terms of revenue throughout the estimated period owing to excessive requirement for safe, storable, and fresh meat. Additionally, preference of consumers towards packaged and tested sea foods along with meat products are thus anticipated to fuel the growth of this segment in global fresh food packaging market significantly.
Increasing health concerns, swelling demand for packaged food product along with increasing disposable income of citizens in countries such as India and China is thereby escalating the demand for fresh food packaging in Asia-Pacific and thus enabling the region to contribute largest revenue throughout the estimated period. Physical benefits provided by packaging to consumers such as shielding food from any vibration and shock occurred during distribution, along with mechanical damage. Child resistant closures hindering access to potentially hazardous products replacement of glass containers of various products such as glass containers are other factors driving the growth of global fresh food packaging market in Asia-Pacific.
Moreover, fresh food packaging market in North America is anticipated to witness highest CAGR during the forecast period due to increasing accessibility of environment friendly packaging in the U.S. and rapid concerns pertaining to the environment in the region is thereby fuelling the demand for fresh food packaging in the region.
The report also offers the insights for the European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.
The eminent key players in the global fresh food packaging market are refining their manufacturing efficiencies, enhancing product portfolio and implementing mergers & acquisitions in order to gain competitive edge worldwide. Some of the players having prominent presence in the global fresh food packaging market include RockTenn Company, Smurfit Kappa Group, Coveris Holdings S.A, Mondi Plc., E. I. du Pont de Nemours and Company, Amcor Limited, Amcor Limited, International Paper Company, D.S. Smith Plc., Sligan Holdings Inc., and Bemis Company Inc.
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