Produce Packaging Market in North America 2017-2021
About Produce Packaging
The term produce refers to farm produced goods, such as fruits, vegetables, and other crops. Produce consists of fresh farm products that are mostly sold near the area where they are harvested and processed; these products include salad kits and blends of fresh fruits and vegetables. Fresh produce is usually packaged in corrugated boxes, bags and liners, plastic containers, and trays. The packaging of the produce is based on its physical properties. With the increasing demand for fresh fruits and vegetables, and growing consumption of fresh cut salads, there is an increase in demand for produce packaging in North America.
Technavio’s analysts forecast the produce packaging market in North America to grow at a CAGR of 3.78% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the produce packaging market in North America for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Produce Packaging Market in North America 2017-2021
Technavio recognizes the following companies as the key players in the produce packaging market in North America: Amcor, Bemis Company, Berry, International Paper, Mondi, Sealed Air, and Smurfit Kappa Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is active and smart packaging. The main aim of active and smart packaging is to increase the shelf life of food, while at the same time ensure microbial safety and maintain nutritional quality. For instance, NeoSteam packaging from Mondi provides active packaging with scavengers. Active packaging is becoming popular and will witness extensive use in the future.”
According to the report, one driver in the market is demand for increased shelf life of fresh produce. Shelf life extension is one of the main aims of the produce packaging industry. A large amount of food is wasted before it can be consumed. Supermarkets and other grocery retailers dispose loads of good food every day. Vegetable and fruit processors can also reduce their costs by extending the shelf life. At present, most processors must pick and harvest their crops as quickly as they can and then ship it to the markets by the quickest route possible. An increased shelf life will allow them to plan their labor usage efficiently and ship the products via cheaper modes of transportation. Vegetables and fruits are shipped across the world; many are grown in the warmer parts of the world like North Africa, Asia, and Central and South America.
Further, the report states that one challenge in the market is volatility in raw material prices. The volatility in the prices of raw materials is a major challenge faced by the vendors in the produce packaging industry. The popular raw materials used are paper for corrugated fiberboards and oil-based derivatives. The increasing fluctuation in the demand and supply for these raw materials during the past few years has led to a significant variation in their prices. The prices of pulp were high during 2014-2015, with the average price of pulp reaching $832.02 in July 2014. In the past two years, the prices have trended downwards. The prices for wood fiber in the pulp industry have fallen in the US, with greatest declines in the northeastern and northwestern parts of the country, where prices have fallen by around 10%-15%.
Amcor, Bemis Company, Berry, International Paper, Mondi, Sealed Air, and Smurfit Kappa Group.
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