Fresh Food Packaging Market in Europe 2017-2021
About Fresh Food Packaging
Fresh food packaging is a special type of packaging required for packing food products such as fruits, vegetables, fish, seafood, meat, poultry, and dairy. Packaging increases the shelf life of products and helps maintain the nutritional value of the packaged products. On the basis of products, the fresh food packaging market in Europe is segmented as flexible plastics, rigid plastics, paper and paperboard, and other materials.
Technavio’s analysts forecast the fresh food packaging market in Europe to grow at a CAGR of 2.82% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the fresh food packaging market in Europe for 2017-2021. To calculate the market size, the report considers the value of the revenue generated from the market.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Fresh Food Packaging Market in Europe 2017-2021
Technavio recognizes the following companies as the key players in the fresh food packaging market in Europe: Amcor, Bemis Company, Graphic Packaging International, Sealed Air, and Smurfit Kappa Group.
Other Prominent Vendors in the market are: Anchor Packaging, BALL, Berry Plastics Group, COVERIS, Interflex Group, International Paper, Leucadia National, LINPAC Packaging, Pactiv, Reynolds, Sonoco Products Company, and WestRock Company.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing demand for sustainable packaging. Sustainability and eco-friendliness of fresh food packaging products are expected to gain an increased demand during the forecast period. Vendors are expanding their R&D investment and activities for developing the packaging materials that possess resistance toward heat, moisture, and friction. Sustainable packaging products are also recyclable and eco-friendly. The emergence of biodegradable plastics that are easily decomposable by microorganisms when compared with conventional plastics packaging reduces their toxic effect on the environment and are expected to contribute to the growth of the market during the forecast period. Frozen food packaging products are more sustainable than other forms of packaging as energy consumption during their production is much lower. “
According to the report, one of the major drivers for this market is Growing demand for innovative packaging solutions. The increase in the consumption of ready-to-eat food has led to the demand for packaging designs and materials that can extend the shelf-life of products enclosed within the package. The level of oxygen varies with the quantity and content of the packaged food product. The increase in oxygen levels in the packaged food can lead to the oxidation of fats and oils, which can degrade the quality of food. As a result, there is a need for new innovative technologies, such as modified atmosphere packaging (MAP) solution.
Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in raw material prices of packaging materials. Most of the packaging materials used in the fresh food packaging industry are aluminum, paper, and plastic. The raw material used in the manufacturing of paper boxes is paper pulp that has volatile prices based on the global demand and supply. The increase in the gap of demand-supply in the last few years has led to a substantial increase in the cost of raw material prices. For instance, prices of wood have risen by 12%-15% since 2014. Therefore, the price of paper pulp has increased. Furthermore, the demand for paper pulp is expected to witness a growth of around 1% during
2016-2017, which is expected to increase the price of paper pulp.
Amcor, Bemis Company, Graphic Packaging International, Sealed Air, Smurfit Kappa Group, Anchor Packaging, BALL, Berry Plastics Group, COVERIS, Interflex Group, International Paper, Leucadia National, LINPAC Packaging, Pactiv, Reynolds, Sonoco Products Company, and WestRock Company.