Fresh Food Packaging Market worth $95.2 billion by 2025

The global fresh food packaging market size is projected to grow from USD 79.8 billion in 2020 to USD 95.2 billion by 2025, at a CAGR of 3.5% between 2020 and 2025.

Packaging plays a vital role in keeping the product fresh, damage-proof and acts as an efficient marketing tool. The fresh food packaging market has been growing in tandem with the growth of the food packaging industry. The fresh food packaging market is segmented based on material, pack type, application, and region. The growth of fresh food packaging has been witnessed due to the growth in the meat products and vegetables application.

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In terms of value, the polypropylene segment is projected to account for the largest share of the fresh food packaging, by material, during the forecast period.

Polypropylene (PP) has a clear, glossy film with high strength and puncture resistance. This material is not affected by changes in humidity. It has moderate permeability to gases and odors and a higher barrier to water vapor. These properties enable the use of polypropylene in the production of a wide variety of food & beverage packaging solutions.

Converted roll stock to be the largest pack type of the fresh food packaging.

Converted roll stock is widely used in the form of bags, pouches, and sachets, among others. Converted roll stock is made from raw materials, such as polyesters, adhesives, silicone, tapes, plastics, rubbers, liners, and metals, to create new products. The roll materials vary in size and weight as per the product requirement. Converted roll stock is the most common pack type used in fresh food packaging.

The meat products application is projected to register the highest CAGR during the forecast period.

Meat products are the largest and fastest-growing application in terms of both value and volume. The growing disposable incomes have fueled the demand for convenience food items, which is, in turn, driving the fresh food packaging market. The increasing awareness regarding the nutritional value of meat products and changing eating habits are also boosting the demand for fresh food packaging.

The APAC region leads the fresh food packaging market in terms of volume.

APAC is projected to be the fastest-growing market for fresh food packaging during the forecast period. Increase in demand for convenience by consumers and concerns about food product safety are some of the major reasons that could drive the fresh food packaging market in the region. However, the fresh food packaging market faces restraints such as stringent government rules and regulations regarding raw materials, which hinder the growth of the market.

Major players operating in the global fresh food packaging market includeAmcor PLC (Australia), Interntional Paper Company (US), WestRock Company (US), Sealed Air Corporation (US), Smurfit Kappa (Ireland), Coveris (Vienna), DuPont (US), DS Smith PLC (UK), Mondi PLC (South Africa), Silgan Holdings Inc. (US), Sonoco Products Co. (US), Schur Flexibles (Austria), Anchor Packaging Inc. (US), Printpack Inc. (US), Bomarko Inc. (US), Packaging Corporation of America (US), Graphic Packaging Holding Co. (US), Ampacet Corporation (US), Ultimate Packaging Limited (UK), and Temkin International Inc. (Utah).

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5 Top Recent Development in Blister Packaging Market

The blister packaging market size is projected to grow from USD 24.1 billion in 2020 to USD 34.1 billion by 2025, at a CAGR of 7.2%. The blister packaging market is witnessing growing demand from end-use industries such as healthcare, food, consumer goods, and industrial goods. Its growth is attributed to cost-effectiveness and tamper-evident design for product protection.

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APAC is the fastest-growing market for blister packaging market

APAC is expected to register the highest CAGR during the forecasted period, owing to the rapid expansion of end-use sectors such as healthcare, food, and consumer & industrial goods sectors. Factors such as rising disposable income, growing middle-class population, rising consumption of high visibility products, and the growing healthcare industry will support the growth of the blister packaging market over the forecast period.

Recent Developments

1. In January 2021, Sonoco Products Company entered into partnership with Integrated Systems, Inc. (US). This partnership will help the company to enhance its automation activities and increase efficiency in global manufacturing operations.
2. In September 2020, Amcor Plc developed first recyclable retort flexible packaging with improved environmental footprint of packaging to 60% (approximately). This will allow recycling of high-performance packaging such as wet pet food, ready-meals, baby foods, and pre-cooked soups.
3. In August 2020, Sonoco Products Company acquired Can Packaging (France). This acquisition will add two manufacturing facilities, and a R&D facility to the company’s existing assets and fortify its market position in Europe region.
4. In July 2020, Dow launched INNATE TF an extension to INNATE precision packaging family. It is a polyethylene resin for tenter frame biaxial orientation films. These are high performance, recyclable, and consumer convenience films.
5. In May 2020, Constantia Flexibles acquired TT print (Russia). This acquisition will add pharmaceutical packaging production plant to the company’s asset and will strengthen its pharma division.

Amcor Plc (Switzerland), DOW (US), WestRock Company (US), Sonoco Products Company (US), Constantia Flexibles (Austrai), Klockner Pentaplast Group (Germany), E.I. du Pont de Nemours and Company (US), Honeywell International Inc. (US), Tekni-Plex (US), and Display Pack (US) are the key players operating in the blister packaging market.

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Increasing urban population is driving the Self-Adhesive Labels Market

The global self-adhesive labels market size is projected to grow from USD 47.9 billion in 2021 to USD 62.3 billion by 2026, at a CAGR of 5.4% from 2021 to 2026. Self-adhesive labels are made up of facestock, release liner, and adhesive. They have their back surface coated with an adhesive substrate that eliminates the requirement of glue or moistening. Self-adhesive labels is widely used in applications such as food & beverages, pharmaceuticals, consumer durables, home & personal care, retail labels, e-commerce, amongst others.

The increasing urban population is a factor for the growth in demand for products that use self-adhesive labels such as medicines, beverages, FMCGs (Fast-Moving Consumer Goods), and consumer durables. In APAC, the population shift from rural to urban areas has elevated the growth rate even further. According to the United Nations Population Division, the total population in APAC is projected to reach 5.1 billion by 2050, where the urban population will account for at least 68% of the total. Combined with the overall growth of the world’s population could add another 2.5 billion people to urban areas by 2050, with close to 90% of this increase taking place in Asia and Africa. The improved living standards will increase the demand for branded products, which will lead to a rise in demand for self-adhesive labels.

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The APAC region is projected to lead the self-adhesive labels market, in terms of both value and volume from 2021 to 2026. The usage of self-adhesive labels in the region has increased due to cost effectiveness, easy availability of raw materials, and demand for product labeling from highly populated countries such as India and China. The increasing scope of applications of self-adhesive labels in the food & beverage, healthcare, and personal care industries in the region is expected to drive the self-adhesive labels market in APAC. The growing population in these countries presents a huge customer base for FMCG products and food & beverages. Industrialization, growing middle-class population, rising disposable income, changing lifestyles, and rising consumption of packed products are expected to drive the demand for self-adhesive labels during the forecast period.

Key manufacturers in the self-adhesive labels market are CCL Industries Inc. (Canada), Avery Dennison Corporation (US), Multi-Color Corporation (US), Coveris Holdings S.A. (Austria), Huhtamaki OYJ (US), and Fuji Seal International (Japan), amongst others.

Recent Developments:

• In October 2021, Multi-Color Corporation acquired the Hexagon Label Group in Australia and New Zealand. This acquisition aims at an enhanced footprint and offerings to ANZ customers with comprehensive label solutions in Adelaide, Brisbane, Griffith, Melbourne, Perth, Sydney, Auckland, and Christchurch.
• In April 2021, Lintec acquired all shares of Duramark, a manufacturer and distributor of various adhesive products. The acquisition provides immediate access to production equipment that Mactac requires to increase the production capacity of adhesive papers and films for labels, its main products.

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