The global fresh food packaging market size is expected to reach USD 108.86 Billion by 2030 according to a new study by Polaris Market Research. The report “Fresh Food Packaging Market Share, Size, Trends, Industry Analysis Report, By Type (Rigid, Flexible); By Material (Plastic, Paper & Paper Board, Bagasse, Polylactic Acid); By Application (Eggs, Meat & Seafood, Fruits & Vegetables, Bakery & Confectionery Products, Dairy Products); By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The demand for organic and fresh products is driven by the factors such as improved biological quality even when stored for a longer period of time, high nutritional value, no residues of pesticides, more suitability for processing and distribution due to their longer shelf life, and higher organoleptic properties such as fragrance, color, and taste, which in turn, is likely to boost the growth of the industry.
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The busy and hectic lifestyles, increasing demand for ready-to-eat and convenience items, and rising health consciousness are accelerating the growth of the industry. In addition, environmental concern among consumers is creating a lucrative opportunity for manufacturers to create and develop sustainable packing, which is likely to push the industry's growth.
On the basis of type, rigid packing is expected to account for the largest share over the forecast period owing to the several benefits that it offers, including high impact strength, high stiffness, and high barrier properties. The high demand for rigid packing is attributed to the large utilization of raw materials such as paper & paperboard, glass, bagasse, and metal in the production as they are recyclable and reusable.
Asia Pacific is expected to dominate the industry during the forecast period owing to the large presence of packing manufacturers that offers a varied range of product portfolio to their customers present across the globe. Furthermore, the rising disposable income, growing population, and high standard of living of people are boosting the industry growth.
Major participants such as Coveris, Anchor Packaging Inc., Clifton Packaging Group Limited, Sonoco Products Company, CLONDALKIN GROUP, Genpak, LLC, DS Smith Plc, FFP Packaging Ltd., Flex-Pack, Amcor plc, Transcontinental Inc., GRUPO LANTERO, Huhtamaki, INFIA S.r.l., Mondi, PPC Flexible Packaging LLC, Printpack Inc., Pro-Pac Packaging Limited, Sealed Air, Silgan Holdings Inc., Graphic Packaging Holding Co., and WINPAK LTD are some of the key players operating in the global market.
Polaris Market Research has segmented the fresh food packaging market report on the basis of product, distribution channel, and region:
Fresh Food Packaging, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Fresh Food Packaging, Material Outlook (Revenue - USD Billion, 2018 - 2030)
Fresh Food Packaging, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Fresh Food Packaging, Regional Outlook (Revenue - USD Billion, 2018 - 2030)