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fresh food packaging market

Fresh Food Packaging Market Share, Size, Trends, Industry Analysis Report, By Application (Eggs, Meat & Seafood, Fruits & Vegetables, Bakery & Confectionery Products, Dairy Products); By Type; By Material; By Region; Segment Forecast, 2022 - 2030

  • Published Date: Mar 2022
  • Pages: 115
  • Format: PDF
  • Report ID: PM2357
  • Base Year: 2021
  • Historical Data: 2018 - 2020

Report Summary

The global fresh food packaging market was valued at USD 79.25 billion in 2021 and is expected to grow at a CAGR of 3.6% during the forecast period. The rapid rate of urbanization, increasing consumption of fresh fruits & vegetables, growing trend of eating healthy meals, rising consumer demand for organically produced goods are the factors contributing to the growth of the food packing industry.

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The growth of the fresh food packaging market is driven by the soaring demand for organic and fresh consumable products owing to several factors including high nutritional value, improved biological quality even when stored for a longer period of time, more suitability for processing and distribution due to their longer shelf life, no residues of pesticides, and higher organoleptic properties such as fragrance, color, and taste.

However, the growing environmental concern along with the strict rules and regulations of government regarding the use of packing raw materials across the globe is likely to influence the demand for fresh consumables. The use of non-biodegradable packing material across the F&B industry is becoming a matter of concern both for human health and the environment. Long-term use and exposure of plastics and plastic products to high temperatures can lead to the leaching of toxic chemical constituents into consumables.

The Covid-19 pandemic had a positive impact on the growth of the fresh food packaging market. The deadly virus outbreak created a panic situation among the consumers that facilitated them to store, stockpile, and hoard fresh fruits & vegetables, dairy, and other products resulting in the increased demand for packing in order to prevent eatable products from contamination.

However, the world witnessed higher in-house consumption due to the lockdown across the globe, whereas out-of-home consumption observed a drastic decline, which historically generates the highest margin in the F&B industry. This led to a significant impact on the demand for fresh food packing.

Industry Dynamics

Growth Drivers
The rising number of health-related issues is resulting in the increased adoption of a healthy diet among consumers. People have started paying more attention to their health, nutritional content, and the quality of the items they consume. Owing to these concerns, consumers began shifting towards the consumption of fresh food products, which in turn, is projected to increase the demand for fresh food packing over the forecast period.

Busy and hectic lifestyles of consumers have led to increased consumption of convenience and ready-to-eat products. This has made them prefer the products with sustainable and convenient packing, which in turn, is anticipated to witness a surge in demand for fresh food packing materials.

The increasing investments by manufacturers to create and develop different packing solutions are likely to propel the growth of the industry over the forecast period. For instance, Nestlé has announced a global initiative and its commitment towards the use of 100% packing recyclable or re-usable by 2025.

Report Segmentation

The market is primarily segmented based on type, material, application, and region.

By Type

By Material

By Application

By Region

  • Rigid
    • Clamshells
    • Trays & Boxes
    • Others
  • Flexible
    • Pouches & Bags
    • Wraps & Films
  • Plastic
    • Polypropylene
    • Polyethylene
    • Polystyrene
    • Polyvinyl Chloride
    • Polyethylene Terephthalate
  • Paper & Paper Board
  • Bagasse
  • Polylactic Acid
  • Others
  • Eggs, Meat & Seafood
  • Fruits & Vegetables
  • Dairy Products
  • Bakery & Confectionery Products
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Type

On the basis of type, the market is categorized into rigid and flexible packaging. Rigid packaging is expected to account for the largest market share in the global fresh food packing industry over the forecast period. The high demand for rigid packing is stimulated by the unique advantages that it offers, such as superior strength, more stiffness, and high barrier properties. Furthermore, the materials that are utilized for rigid food packings such as paperboard, bagasse, metal, and glass are reusable & recyclable and pose no threat to the environment.

Insight by Material

Based on the material type, the market is bifurcated into plastic, paper & paperboard, bagasse, polylactic acids, and others. The plastic market segment dominated the fresh food packaging market in 2021 and is expected to account for the largest share over the forecast period. The large share of plastics is attributed to the low cost, light in weight, durability, low thermal conductivity, good transparency and wear resistance, dimensional stability, etc.

Geographic Overview

Asia Pacific dominated the fresh food packaging market and accounted for the largest revenue share in 2021. The demand for the market is accelerated by the growing population, increase in the disposable income along with the increased standard of living of consumers present across the region is anticipated to propel the growth of the market.

Furthermore, the fresh food packing industry is highly fragmented in the region owing to the large presence of market players such as Oji Holdings, Amcor plc, Nippon Paper, Nine Dragons Paper, Toyo Seikan. These companies develop and provide different packing solutions to their clientele base present across the globe.

Competitive Insight

Some of the major players operating in the global market include Amcor plc, Anchor Packaging Inc., Clifton Packaging Group Limited, CLONDALKIN GROUP, Coveris, DS Smith Plc, FFP Packaging Ltd., Flex-Pack, Genpak, LLC, Graphic Packaging Holding Co., GRUPO LANTERO, Huhtamaki, INFIA S.r.l., Mondi, PPC Flexible Packaging LLC, Printpack Inc., Pro-Pac Packaging Limited, Sealed Air, Silgan Holdings Inc., Sonoco Products Company, Transcontinental Inc., and WINPAK LTD.

Fresh Food Packaging Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 79.25 Billion

Revenue forecast in 2030

USD 108.86 Billion

CAGR

3.6% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD Million/Billion and CAGR from 2022 to 2030

Segments covered

By Type, By Material, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key companies

Amcor plc, Anchor Packaging Inc., Clifton Packaging Group Limited, CLONDALKIN GROUP, Coveris, DS Smith Plc, FFP Packaging Ltd., Flex-Pack, Genpak, LLC, Graphic Packaging Holding Co., GRUPO LANTERO, Huhtamaki, INFIA S.r.l., Mondi, PPC Flexible Packaging LLC, Printpack Inc., Pro-Pac Packaging Limited, Sealed Air, Silgan Holdings Inc., Sonoco Products Company, Transcontinental Inc., and WINPAK LTD.

Key Take-Away
Polaris Market Research
Global Fresh Food Packaging Market Size Report, 2022 - 2030