Fresh Food Packaging Market - Segment, Analysis, Trends, Forecast 2023

Posted by Kishor on October 1st, 2019

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.

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 Market, 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.

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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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.