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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Amcor PLC (Australia) and International Paper (US) are Major key player in the Fresh Food Packaging Market

 

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. The major driving factors of the market include growing demand for convenience food items and innovative packaging solutions for extended shelf life of fresh food items.

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.

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The key players in the fresh food packaging market are Amcor 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). These players have adopted various strategies, such as merger & acquisition, investment & expansion, new product launch/development, and partnership, contracts & agreements, a joint venture between 2016 and 2020, to enhance their market shares and expand their global presence.

Amcor PLC (Australia) is the largest player in the market. The company has its presence in North America, Europe, Asia Pacific, and in emerging markets. It is one of the leading companies engaged in the manufacturing and distribution of both plastic and fresh food packaging. The company focuses on increasing its profitability by strengthening customer relations and expanding its presence by adopting both inorganic and organic strategies, such as agreements and contracts in emerging markets while optimizing operational performance

• In January 2020, the company partnered with Moda (New Zealand) to offer innovative packaging solutions in North America and Latin America. In June 2019, Amcor PLC successfully acquired Bemis Company Inc. (US). The acquisition of Bemis brought additional scale, capabilities, and footprint that will further strengthen Amcor’s market position.

International Paper Company is one of the world’s largest paper and packaging companies based in the US. The main businesses of the company are coated paperboard, pulp, foodservice, industrial packaging group, recycling, and retail display packaging. The company operates through three major segments that comprise industrial packaging, printing papers, and global cellulose fibers. The company has a wide assortment of products in each of its segments. International Paper Company operates in the market through its 15 major brands and many subsidiaries. The company has operations in more than 150 countries across North America, Europe, Latin America, Asia, and North Africa. It is the largest recycler in North America and produces more than 6 million tons of corrugated packaging and paper.

• In May 2019, West Coast Paper Mills Ltd. (India) entered into a share purchase agreement to acquire about a 51%-60% stake in International Paper’s (IP) Indian unit, International Paper APPM Ltd. In February 2018, International Paper Company announced that it would be spending more than USD 500 million to upgrade its facility in Selma, Alabama, to meet the growing demand for its products.

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Fresh Food Packaging Market- Innovations in eco-friendly packaging

Governments across the world are focusing on reducing environmental pollution and encouraging end-use sectors to opt for eco-friendly solutions. There are stringent regulations for plastic landfills in Europe. The European Union intends to achieve ‘zero plastics to landfill’ by 2025. In view of the growing concerns related to environmental pollution, packaging companies are focusing on eco-friendly solutions for environmental sustainability. Green packaging products are designed to adhere to the three ‘R’s of eco-friendly packaging: renew, reuse, and recycle. The governments of the developing countries are encouraging packaging solution providers to provide eco-friendly products. Eco-friendly packaging products are made of natural bio-polymer, which is more flexible than traditional plastic.

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. The major driving factors of the market include growing demand for convenience food items and innovative packaging solutions for extended shelf life of fresh food items.

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Fresh food packaging can be made using eco-friendly packaging materials, such as bioplastics, recycled papers, forest wood, and palm leaf. Recycled packaging materials are used widely by producers to provide eco-friendly packaging materials, including corrugated cartons, glass, steel, and paperboard. One such product is the molded pulp tray; the product is made of recycled material and is eco-friendly.

Meat products to be a promising application of the fresh food packaging market

Packaging protects meat products during processing, storage, and distribution. The aim of any packaging system for fresh muscle foods is to prevent or delay undesirable changes in appearance, flavor, odor, and texture. Consumers’ rejection of the product is possible if the mentioned quality is not met. Thus, a new technical tool is introduced in the market called ‘Active and Intelligent packaging,’ which better controls the food from contamination and maintains its quality. In meat products, converted roll stock is the largest pack type as it can take any shape and size.

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), Sonoco Products Co. (US), Anchor Packaging Inc. (US), Printpack Inc. (US), Bomarko Inc. (US), and Packaging Corporation of America (US).

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Rising Demand for Convenient and Safe Food Shaping the Future of Fresh Food Packaging Market

With the rise in demand for food that fresh, appealing, and safe to consume, the packaging industry has been trying to improvise from all aspects, ensuring the quality and freshness of food as well as minimizing the impact on environment. The main focus is on dealing with the environmental issues like reduction of waste material and facility to detect any tampering with the package. Thus, the fresh food packaging market is evolving in line with the packaging industry.

Market Drivers and Opportunities

Increasing awareness about global warming and environment-related issues has led to the packaging industry adopting various eco-friendly ways of packaging, thereby increasing the demand for packaged fresh food. The rising demand for good-quality and convenience food and extended shelf-life of fresh food are the primary driving factors for the growth of this market. Apart from these, the increasing population coupled with increasing incomes is also fueling the market growth.

Market at a Glance

The global fresh food packaging market size is estimated to grow from USD 79.9 billion in 2020 to reach USD 94.7 billion by 2025, at a CAGR of 3.5% during the forecast period. The fresh food packaging sector has been growing in tandem with the packaging industry. The increasing population, rising demand for convenience food, and the extended shelf life of packaged food are the main drivers for the fresh food packaging industry.

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The major giants competing in the market for fresh food packaging are

• Amcor Limited (Australia)
• Coveris Holdings S.A (U.S.)
• Smurfit Kappa Group (Ireland)
• E. I. du Pont de Nemours and Company (U.S.)
• Mondi Plc (South Africa)
• Bemis Company, Inc. (U.S.)
• International Paper Company (U.S.)
• D.S. Smith Plc (U.K.)
• Silgan holdings Inc. (U.S.)
• RockTenn Company (U.S.)
• Sealed Air Corporation (U.S.), among others.

These companies are adopting strategies like new product launches, mergers & acquisitions, and expansions in order to maintain a competitive edge in the whole market.

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Research Scope

As per the researchers, the market for fresh food packaging has been analyzed and forecasted on the basis of the following segmentation:
• Package Material: Polyethylene, Polypropylene, Paper, Aluminum, BOPET, Poly-vinyl Chloride, Others (glass, wood, and textiles)
• Pack Type: Flexible Pack, Converted roll stock, Gusseted bags, Flexible paper, Corrugated box, Boxboard, Cans, Others (stand-up pouches & wicketed bags)
• Application: Meat & Meat Products, Vegetables, Seafood, Fruits, Others (dairy and poultry)
• Geography: North America, Europe, Asia-Pacific, RoW

Summary
The fresh food packaging market is primarily driven by the rising demand for convenience but safe food and increased shelf-life of fresh food products.

Fresh Food Packaging Market worth $94.7 billion- Global Forecast to 2025

Fresh Food Packaging Market by Material (Polyethylene, Polypropylene, Aluminum, Paper, BOPET, PVC), Pack Type (Converted Roll Stock, Gusseted Bags, Flexible Paper, Corrugated Box, Boxboard, Cans), Application and Region – Forecast to 2025″ The global fresh food packaging market size is expected to grow from USD 79.9 billion in 2020 to USD 94.7 billion by 2025, at a CAGR of 3.5%. The major factor driving market growth include the increasing demand for fresh food products from the emerging economies.

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Polypropylene is the largest material segment of the fresh food packaging market.
Polypropylene is the largest type of material used in the fresh food packaging market. This material is not affected by changes in humidity and 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. Polypropylene generally has a high melting point, making it particularly suitable for food packaging products that are used in microwaves or cleaned in dishwashers.

This research report categorizes the fresh food packaging market based on Material, Pack Type, Application, and Region

By Material:

• Polypropylene
• Polyethylene
• Paper
• Aluminum
• BOPET
• PVC
• Others (glass, wood, and textile)

By Pack Type:

• Converted Roll Stock
• Gusseted Bags
• Flexible Paper
• Corrugated Box
• Boxboard
• Cans
• Others (stand-up pouches and wicketed bags)

By Application:

• Meat products
• Vegetables
• Seafood
• Fruits
• Others (Dairy and Poultry)

By Region:

• APAC
• Europe
• North America
• RoW

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APAC is the largest fresh food packaging market, both in terms of value and volume. The market in the region includes countries such as China, Japan, India, Australia, and Rest of APAC. The growth of the market in this region is mainly due to the increasing demand for packed food products. The e-commerce platform in the fresh food industry has gained significant acceptance, thereby increasing the demand for fresh food packaging.

Attractive Opportunities in the Fresh Food Packaging Market

The global fresh food packaging market is projected to reach USD 95.91 Billion by 2020, at a CAGR of 3.38% from 2015 to 2020, which signifies a steady increase in the demand for packaged food.

The fresh food packaging market has been growing in accordance with the packaging industry. The increasing population, increasing incomes, increasing demand for convenience food, and the extended shelf life of packaged food are the main drivers for the fresh food packaging market.

The growth of the fresh food packaging market is primarily driven by the following factors:

• Demand for convenience food in the European region
• Shelf life extension of fresh produce

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Fresh food packaging protects food products from environmental conditions and physical damage; it provides consumers with information regarding the ingredients and nutritional value; and more importantly, it helps maintain the quality of food as per the predetermined standards. Fresh food packaging is made of materials such as polyethylene, paper, aluminum, BOPET (Biaxially-oriented polyethylene terephthalate), and poly-vinyl chloride. The global fresh food packaging industry mainly deals in meat & meat products, fruits, vegetables, and seafood.

The need for convenience food and extended shelf life to supply fresh food has attracted significant demand in recent times. The primary goal of fresh food packaging in many countries, is emphasizing on reducing the waste material and tamper detection facility to ensure that the provided service meets the predetermined standard protocol.

The fresh food packaging market has been growing in accordance with the packaging industry. With increasing awareness about global warming and concerns about the environment, the packaging industry is opting for eco-friendly techniques of packaging such as the use of recyclable packaging material, which has had an influencing impact on the market for global fresh food packaging in terms of increasing the demand of packaged fresh food.

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This report estimates the market size of the global fresh food packaging market in terms of value (USD billion). In this report, the market is broadly segmented on the basis of package material, pack type, application, and region. Market drivers, restraints, challenges, raw material, and product price trends are discussed in detail. Market share, by participant, for the overall market is discussed in detail. The global fresh food packaging market has grown exponentially in the last few years and this trend is expected to continue. Increasing awareness about the health concerns and innovations in eco-friendly packaging techniques drive the growth of the fresh food packaging market.

Western Europe and North America are the key markets for biodegradable packaging.

The report, “Biodegradable Paper & Plastic Packaging Market by Applications (Food Packaging, Beverage Packaging, Pharmaceuticals Packaging, Personal & Home Care Packaging, and Others), by Packaging Type (Plastic and Paper) and by Geography (North America, Europe, Asia-Pacific, and ROW) – Global Trends & Forecast to 2019” ,defines and segments the global biodegradable packaging market with an analysis and forecast for biodegradable plastic and paper packaging by types, applications, and geography by value as well as volume.

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Europe and North America dominated the global pharmaceutical packaging market accounting for more than 65% of the overall market in 2013. Within the North America, the U.S. will remain the largest consumer. Country wise, the U.S. is the top most consumer of biodegradable packaging product globally, and is also the largest market growing at a CAGR lower than the global average till 2019. Member countries of EU, Sweden, Switzerland, U.K., and Germany are the key markets in European biodegradable packaging market and constitute majority of the market size. In terms of growth rate, biodegradable plastic packaging is expected to register a double digit CAGR from 2013 to 2019.

Biodegradable packaging is defined as a means of providing a 100% naturally degradable protection used primarily for presentation, identification, information, and convenience for products from the moment of production until it is used or administered. Biodegradable packaging differs significantly from conventional non degradable packaging. When deposited in a landfill, the biodegradable packaging degrades completely, relatively quickly, without any harmful emissions during the degradation process, and without the presence of any external catalysts.

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