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
“High demand from the meat products application is driving the fresh food packaging market.”
The global fresh food packaging market size is projected to reach from USD 79.9 billion in 2020 to USD 94.7 billion by 2025, at a CAGR of 3.5% from 2020 to 2025. The demand for fresh food packaging has increased exponentially in recent times, mainly because of increasing health awareness concerns, emphasis on the quality of products and services, and the convenience of carrying packaged fresh food.
“Polypropylene, the fastest-growing fresh food packaging material.”
Polypropylene is the fastest-growing material used in the fresh food packaging market. This is because it is the most durable type of plastic available today owing to its chemical resistance and low cost. Polypropylene polyethylene offers innovative product solutions that have broad applicability, such as in the packaging of various fruits, vegetables, meat, and seafood.
The converted roll stock segment is estimated to drive the market during the forecast period.
Based on pack type, converted roll stock is projected to be the largest and the fastest-growing type in the fresh food packaging market during the forecast period. Converted roll stock is used extensively, as it can be customized into any shape and form and thus offers convenient packaging solutions. Also, converted roll stocks are available in various colors, which makes it an attractive packaging.
APAC, the largest market, and the fastest-growing fresh food packaging market.”
APAC is the largest market for fresh food packaging globally, with China leading the demand attributed to the large population and growing economic conditions. The growth of the fresh food packaging market is also due to the presence of major manufacturers in the region. Improving lifestyle and consumer spending on packaged food would further augment the market for fresh food packaging in APAC.
In-depth interviews were conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the fresh food packaging market.
By Company Type - Tier 1: 55%, Tier 2: 30%, and Tier 3: 15%
By Designation - C Level: 21%, Director level: 23%, Others: 56%
By Designation - North America: 10%, Europe: 20%, APAC: 40%, RoW: 30%
The global fresh food packaging market comprises major solution providers, such as Amcor PLC (Australia), International 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) and Silgan Holdings Inc. (US). The study includes an in-depth competitive analysis of these key players in the fresh food packaging industry, with their company profiles, recent developments, and key market strategies.
The report covers the global fresh food packaging market based on material, pack type, application, and region. This study aims at estimating the size and future growth potential of the market across various segmentation types. It also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the global fresh food packaging market and its sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses in a better way and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
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