According to Goldstein Research, “Growing demand for food convenience, extended shelf and supply of fresh food is accelerating the demand for effective packaging of food. Moreover, rising emphasizing on reducing the food and packaging waste and increasing demand for eco-friendly packaging is boosting the requirement for innovative fresh food packaging and eventually fuelling the global fresh food packaging market.”
Global Fresh Food Packaging Market Outlook 2024
Global fresh food packaging market is segmented on the basis of packaging type, by packaging material type, by application and by end-user. On the basis of packaging type the market is further categorized into the flexible, semi-rigid and rigid packaging. Flexible packaging accounted for the largest market share of global fresh food packaging market in 2016. Flexible packaging for fresh food valued USD 42.3 billion in 2016. Increasing demand for small size and convenient packaging for fresh food is likely to bolster the growth of flexible packaging market during the forecast period.
Global fresh food packaging market valued USD 75.6 billion in 2016 and is expected to register steady growth during the forecast period. Europe fresh food packaging market is anticipated to grow at a CAGR of 2.23% during the forecast period. Rising consumption of fresh food in countries such as the UK, the Netherlands, France, Germany and Spain are supporting the growth of Europe fresh food packaging market. Increasing demand for innovative packaging solutions and growing consumption of ready-to-eat food products leading the expansion of fresh food packaging market in Europe region.
High-Pressure Processing (HPP): Innovation in Food Packaging Technology
Packaging combined with high-pressure processing (HPP) food processing technology is a new and innovative approach towards sustainable packaging. High-pressure processing is now widely adopted by many food companies and is also likely to contribute to the expansion of fresh food packaging market across the globe. Campbell Soup an American producer of canned soups is already applying HPP for their cold-pressed juice line. Moreover, food and beverage companies are continuously investing for the adoption of sustainable or renewable packaging materials to extend the shelf life of food and also targeting to reduce the packaging waste.
Global Fresh Food Packaging Market
This report contains a detailed overview of the global fresh food packaging market in terms of market segmentation by packaging type, by packaging material type, by application and by end-user. Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global fresh food packaging market also provides competitive outlook of some of the major players of global fresh food packaging market which includes profiling of companies such as International Paper Company, Amcor Limited, DS Smith Plc, DuPont, Smurfit Kappa, BALL Corporation, COVERIS, Mondi Group, Ultimate Packaging, PP Global, Bemis Company Inc., Packaging Corporation of America, Sonoco Products Company, Graphic Packaging International Inc, Sealed Air Corporation, Pactiv, Anchor Packaging Inc., Bomarko Inc., Silgan holdings Inc., RockTenn Company, LINPAC Packaging, Graphic Packaging, Printpack, Berry Plastics, AEP Industries, Dolco Packaging, Exopack Holding, GenPak, Reynolds Group, Leucadia National and ITC Limited. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global fresh food packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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