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Market Research Report

Global Fresh Food Packaging Industry Market Trends Analysis Report with Market Opportunity Assessment and Forecast 2016-2024

Published On : 2018-01-24 Report Page : 260 Category: Packaging

Global Fresh Food Packaging Market

Market Overview

Every year about 1.3 billion tons or one-third of food production is wasted globally. Difficult climatic conditions, limitations in harvesting, storage and cooling facilities, lack of proper infrastructure, packaging and management mainly in developing countries leads to the food loss. Initiatives such as ‘Stop Wasting Food’ in Denmark and Waste Reduction Action Plan (WRAP) in the UK encourage reducing the amount of food and packaging waste. For effective food supply chain management from farm to fork is increasing the need for effective packaging solutions for fresh foods. Leading vendors are focusing on acquisition and strategic investment to expand their fresh food packaging business in different countries. For instance, International Paper Company acquired Madrid mill worth USD 160 million to expand the packaging business in EMEA region. In 2016, International Paper Company also invested USD 170 million in containerboard mills based in Prattville, Ala., and Springfield, Ore., to expand capacity and efficiency of the company. In 2015, Amcor Limited acquired Nampak Flexibles, the market leader in flexible packaging in South Africa was acquired USD 22 million. This acquisition provides a platform for to the company to expand the business in the African region. Market players are focusing to strengthen their market positing to create new opportunity to influence the consumers by their product innovation and design capabilities. However, presence of inclination of consumer towards low cost local products and rising number of local and regional players are creating high market competition environment for leading vendors in the fresh food packaging market.

Market Segmentation

Global Fresh Food Packaging Market is segmented on the following basis:

Based on Packaging Type

  • Flexible Packaging
  • Semi-Rigid Packaging
  • Rigid Packaging

Based on Packaging Material Type

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Paper & Paperboard
  • Aluminum
  • Biaxially-Oriented Polyethylene Terephthalate (BOPET)
  • Polyvinyl Chloride (PVC)
  • Others (glass, wood, and textiles)

Based on Application

  • Poultry & Meat Products
  • Dairy Products
  • Produce (Vegetables and Fruits)
  • Sea Food
  • Fresh Cooked Food

Based on End-User

  • Bakery & Confectionary
  • Hotels, Restaurants and Food Chains
  • Quick Service Restaurants
  • Retailers
  • Food & Beverage

Based on Geography

  • North America (U.S. & Canada) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Rest of World {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}

Market Size and Forecast (2016-2024)

Global fresh food packaging market is projected to reach USD 102.7 Billion by 2024, growing at a CAGR of 3.90% during the forecast period. Extended shelf life and convenience in fresh food transportation are propelling the need for effective fresh food packaging.

Asia-Pacific is the fastest growing region for global fresh food packaging market, owing to the increasing export and import of food from countries such as China, Philippines, Vietnam, India and Indonesia. Moreover, rising number quick service restaurants facilities and adoption of packaging for cooked food in the region are also bolstering the growth of Asia-Pacific fresh food packaging market.

High amount of food wastage and rising awareness and concerns about global warming are leading for the adoption of innovative techniques of fresh food packaging and positively impacting the growth of market. North America fresh food packaging market. In North America region, per capita food waste is nearly 85-95 kg every year.

Market Drivers and Challenges

Concerns over disposing the waste material during the manufacturing and packaging process and fluctuating cost of raw material and its availability are likely to hinder the adoption of fresh food packaging and thereby impact the market growth. Changing consumer preferences over fiber-based products and non-fiber substitutes affects the prices of packaging products. Tax affairs of operations in different countries and changes in regulatory regimes may adversely impact the market players to expand the fresh food packaging business in foreign countries. These factors are expected to inhibit the growth of the global fresh food packaging market. However, rising awareness on reducing the amount of food waste and demand for convenient food solution are paving the way for innovative fresh food packaging and expanding the fresh food packaging business across the globe.

Key Market Players

  • International Paper Company
    • Synopsis
    • Business Strategy
    • Product Portfolio
    • SWOT Analysis
  • 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
  • ITC Limited

Scope Background

Market Synopsis

Market Segmentation

The Global Fresh Food Packaging Market is segmented as follows:

  • By Packaging Type (Market Size, Demand Analysis and Growth Analysis)
  • By Packaging Material Type (Market Size, Demand Analysis and Growth Analysis)
  • By Application (Market Size, Demand Analysis and Growth Analysis)
  • By End-User (Market Size, Demand Analysis and Growth Analysis)

By Region

· North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}

  • Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
  • Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
  • Asia-Pacific (China, India, Singapore, Japan, Hong-Kong, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
  • Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
  • Rest of World {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

  • Risk Factors
  • Regional Variations
  • Recent Trends and Developments

Key Market Players

  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks

 


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Global Fresh Food Packaging Industry Market Trends Analysis Report with Market Opportunity Assessment and Forecast 2016-2024

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