Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 81.29 Billion | USD 114.24 Billion | 3.5% | 2023 |
Zion Market Research has published a report on the global Fresh Food Packaging Market, estimating its value at USD 81.29 Billion in 2023, with projections indicating that it will reach USD 114.24 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 3.5% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Fresh Food Packaging industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Fresh food packaging offers complete protection against injury, and spoilage of food, and removes all physical, chemical, or biological changes in food products. In certain cases, it also adds dietary statistics about the ingredients used in the production of the products, along with the percentage of the edible food available for sale. The adoption of logos and enticing food packaging encourages prospective consumers to buy targeted food items. Packaging material covers information such as how to use the product, recycle the product and dispose of the product.
The market for fresh food packaging is primarily motivated by the increasing need for a longer shelf-life of the future commodity. Increasing demand for processed and fresh food accelerates the launch of the packaging variety on the market. In addition, changing lifestyles and a growing trend for nuclear families will also fuel the market for fresh food packaging in the near future. Growing disposable income and increasing knowledge of people's hygienic food items around the world also have a positive effect on global consumer development. In addition, many of the advantages of fresh food packaging, such as safety, containment, durability, proper utility, and easy communication, which can encourage market development. Conversely, tight government restrictions on environmental issues could limit potential business development.
The market for fresh food packaging is segmented on the basis of types of materials such as metal, glass, paper & paperboard, textile wood, plastic, and others.
The global industry is further classified on the basis of product types such as fruit, vegetables, meat products, dairy products, seafood, and others.
In addition, the demand for fresh food packaging is segmented on the basis of advanced technologies such as self-heating packaging, edible packaging, water-soluble packaging, smart packaging, self-cooling, and others.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Report Attributes | Report Details |
---|---|
Report Name | Fresh Food Packaging Market |
Market Size in 2023 | USD 81.29 Billion |
Market Forecast in 2032 | USD 114.24 Billion |
Growth Rate | CAGR of 3.5% |
Number of Pages | 110 |
Key Companies Covered | Bemis Company Inc., Printpack, Sealed Air, Amcor Limited, Berry Plastics, Bomarko Inc., Packaging Corporation of America, and others. Other key players influencing the global market are Sonoco Products Company, Graphic Packaging Holding, International Paper and Anchor Packaging Inc., Sealed Air India Pvt. Ltd., and Graphic Packaging International, Inc. among others |
Segments Covered | By Types Of Materials, By Product Types, By Technology And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Geographically, the global market for fresh food packaging is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The Asia Pacific contributed to the biggest portion of the world's demand for fresh food packaging. Thanks to strong consumer demand, Europe is the second biggest market in the world. China has the largest market share for fresh food packaging in the Asia Pacific due to the increasing demand for fresh vegetables and fruit. North America is seeing rapid demand growth as the result of potential growth in the world market for fresh food packaging.
Some main participants in the fresh food packaging market are
Other key players influencing the global market are
North America
FrequentlyAsked Questions
Fresh food packaging market is majorly driven by the growing demand for extended shelf-life of the potential product. Rising demand for the processed and fresh food expedites the introduction of the variety of packaging in the market. Moreover, changing lifestyle and increasing trend of nuclear families will also boost the fresh food packaging market in the near future.
Zion Market Research has published a report on the global Fresh Food Packaging Market, estimating its value at USD 81.29 Billion in 2023, with projections indicating that it will reach USD 114.24 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 3.5% over the forecast period 2024-2032.
The Asia Pacific fresh food packaging market is projected to hold the largest share globally in the future. Rising advanced technology adoption, and high customer demand in the region is expected to propel the demand.
Some main participants of the fresh food packaging market are Bemis Company Inc., Printpack, Sealed Air, Amcor Limited, Berry Plastics, Bomarko Inc., Packaging Corporation of America, and others. Other key players influencing the global market are Sonoco Products Company, Graphic Packaging Holding, International Paper and Anchor Packaging Inc., Sealed Air India Pvt. Ltd., and Graphic Packaging International, Inc. among others.
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