Global Industry Analysis Of Fresh Food Packaging Market 2023
Food packaging plays an important role in keeping the food quality safe while handling and transportation. Food packaging offers a modern marketing medium to the sellers and helps improve customer satisfaction levels as well as information transmission. It protects the food products from contamination caused by microorganisms, air, and moisture, and helps catalytic activity in fresh food.
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Fresh foods, such as vegetable and fruits, are generally packed in textile bags, corrugated box, or baskets made up of wood or cardboard with a view to maintain proper aeration through packaging. Seafood and meat is generally packed with polyethylene lined or polystyrene in boxes made up of plastic or wood, and the thickness of the packaging depends on the mode of transport and storage period. Fresh beverages, such as milk and juice, are mostly packed in cartons made up of paper or metal. Now-a-days, consumers tend to focus more on using food contact materials approved by the government-authorized bodies, such as FDA. Currently, the most commonly used plastic materials are polyethylene, polyvinyl chloride, and polyethylene terephthalate. Besides, in recent times, there has been a significant rise in the usage of biodegradable materials for food packaging. Researchers and manufacturers, in collaboration, are trying to modify conventional plastic and innovate new materials for ensuring and maintaining safe and hygienic food packaging practices.
Evolving life style of consumers, increasing health and environmental awareness, and supportive environmental policies implemented by various governments across the globe are the major factors responsible for the increasing global demand for fresh food packaging, which in turn is boosting their market growth. Owing to its value added applications, right from protection of food products to their safe distribution and transportation, the market for fresh food packaging is expected to create significant growth and investment opportunities for players operating in the market, especially in the developing countries. Besides, the fresh food packaging market is expected to continue to grow steadily in developed nations, wherein the consumer demand for safe and intact fresh food is very high. The main growth drivers for the market are private consumers, retailers, and local packaging firms, which focus more on delivering the product intact in the local market.
However, presence of big and small retailers and increasing consumer preference for using cheap local products has created a highly competitive environment for big brands in the fresh food packaging market. Waste disposition is also a major concern for players operating in the global fresh food packaging market.
The global fresh food packaging market is segmented in terms of product type, packaging material, and channel. By product type, the global fresh food packaging market is segmented into vegetables, fruits, seafood, meat products, dairy products, and others. By packaging material, the market is segmented into plastic (rigid & flexible), textile, wood, paper and board, metal, and others. By channel, the global fresh food packaging market is segmented into retailers and wholesalers.
By geography, the global fresh food packaging market is segmented into seven key regions, including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa, and Japan. The global fresh food packaging market is anticipated to expand at a double digit CAGR over the forecast period. Asia Pacific market is expected to be the most attractive market for fresh food packaging in view of the increasing export of fruits and vegetables from China and India. As of 2016, China is the largest fresh food packaging market in Asia Pacific, followed by India, and the market in these countries is expected to grow rapidly in the near future. Western Europe, followed by North America, are the other prominent regions projected to hold a promising future growth potential in the fresh food packaging market by the end of 2026.
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Some of the key players in the global fresh food packaging market are Amcor Limited, Bemis Company Inc., Berry Plastics, Packaging Corporation of America, Sonoco Products Company, Graphic Packaging International, Inc., Sealed Air India Pvt. Ltd., Bomarko Inc., and International Paper and Anchor Packaging Inc.
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