Fresh Food Packaging Market - Growth, Trends, and Forecast (2020 - 2025)

The Fresh Food Packaging Market is Segmented by Type of Material (Plastic, Metal, Glass, and Paper and Paperboard), Packaging Type ( Cans, Converted Roll Stock, Gusseted Bags, and Box-board), Application (Poultry and Meat Products, Dairy Products, and Fruits and Vegetables), and Geography.

Market Snapshot

Study Period:

2019-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

6.5 %

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Market Overview

The fresh food packaging market is expected to register a value of USD 126 billion in 2025, from USD 88.91 billion in 2019, at an estimated CAGR of 6.50% in the forecast period 2020-2025. Nanotechnology, which represents the discipline of tiny materials, is ready to play a significant role in food manufacturing and packaging.  Nanostructured materials are used as antimicrobial thin films, oxygen hunters, and gas-permeable composites. At the same time, nanocomposite films are employed to remove dirty air, for example, they remove carbon dioxide from food packages, so that the freshness of food can be observed by the people during its storing or conveyance.

  • Fresh food packaging is a packaging technique to prevent food from a change of state or contamination from physical, chemical, and biological sources. This helps in longer storage of the product. Affordable, convenient, and sustainable packaging materials, such as PET, paper, aluminum, and polyvinyl chloride, are experiencing increasing demand from customers, which, in turn, is increasing the packaging rate of poultry and meat products, fruits and vegetables, and dairy products.
  • New packaging technologies, such as active packaging, intelligent packaging, and engineering science, have evolved over the years, which enables flexible packaging of fresh food products. Companies are adopting eco-friendly packaging by using biodegradable packaging materials, which can be recycled, renewed, and reused.

Scope of the Report

Fresh food packaging provides protection and safety and provides resistance from microorganisms and bacteria. Moreover, the food enclosed in the package needs to be safeguarded from other conditions, such as vibration, compression, and temperature, among others. Major packaging materials manufacturers like paper, plastic, glass, and metal manufacturers, are producing healthy and convenient products, in order to not compromise the quality of food.

By Type of Material
Plastic
Metal
Glass
Paper and Paperboard
By Packaging Type
Cans
Converted Roll Stock
Gusseted Box
Corrugated Box
Boxboard
Other Packaging Types
By Application
Poultry and Meat Products
Dairy Products
Vegetables and Fruits
Sea Food
Other Applications
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

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Key Market Trends

Increasing Demand for Extended Shelf Life of Products is Expected to Drive the Market Growth

  • After packaging, it takes time for packaged food to reach consumers worldwide. Thus, the packaged food may not be fresh and might lose its aroma and taste before reaching the consumer. The threat of food being spoilt before reaching the consumer is increasing, which would, in turn, result in a loss of the capital invested in the packaging.
  • As an attempt to overcome this challenge, food processing industries are investing in technologies and various new packaging techniques, such as intelligent packaging and engineering science, which help in increasing the shelf life of the product. Moreover, organizations are focusing on consumer satisfaction, apart from revenues, as it impacts the image and value in the market.
  • Increasing health consciousness and awareness regarding consuming fresh food are influencing consumers to opt for packaged products with longer shelf life. Therefore, rising demand for products with better shelf life across countries, such as the United States, is driving the market growth.

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Asia-Pacific to be the Fastest Growing Market

  • Asia-Pacific has experienced positive growth in the fresh food packaging market and is estimated to witness significant growth, over the forecast period. There has been an increase in the disposable income of consumers in the region, which increased the standard of living in the region.
  • The rising urban population in India and China is increasing the demand for fresh food packaging in this region. India and China together contributed over 70% of the total share from Asia-Pacific region, in 2018.
  • The increasing exports of fruits and vegetables in Asia-Pacific is boosting the market growth. The global imports of fruit and vegetables have increased by 17.6%, imports of fruits and vegetables in the Asia-Pacific region increased by a remarkable 51.6%.
  • Moreover, in a country, such as India, the increasing demand for online food ordering is increasing the usage of packaged food boxes, which is, in turn, is positively impacting the fresh food packaging market.

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Competitive Landscape

The fresh food packaging market is fragmented. Due to the increasing demand for packaging products, many players are entering the market, thereby, making it competitive. Some of the key players include  Coveris Holdings SA, Amcor Limited, E. I. du Pont de Nemours and Company, Smurfit Kappa Group, International Paper Company, Sonoco Products, ITC Limited, Mondi Limited, and Bemis Company Inc., among others.

  • May 2019 - Sealed Air Corporation signed a definitive agreement to acquire Automated Packaging Systems Inc., a leading manufacturer of high-reliability, automated bagging systems, for a purchase price of USD 510 million on a cash and debt-free basis.
  • April 2019 - Amcor launched Amite Ultra Recyclable, its first packaging product made from the company’s revolutionary, more sustainable high-barrier polyolefin film. It can reduce a pack’s carbon footprint by up to 64%.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Demand for Extended Shelf Life of the Products

      2. 4.2.2 Increasing Demand for Convenience Food

    3. 4.3 Market Restraints

      1. 4.3.1 Increasing Prices of Raw Materials

      2. 4.3.2 Stringent Government Regulations

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Bargaining Power of Suppliers

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type of Material

      1. 5.1.1 Plastic

      2. 5.1.2 Metal

      3. 5.1.3 Glass

      4. 5.1.4 Paper and Paperboard

    2. 5.2 By Packaging Type

      1. 5.2.1 Cans

      2. 5.2.2 Converted Roll Stock

      3. 5.2.3 Gusseted Box

      4. 5.2.4 Corrugated Box

      5. 5.2.5 Boxboard

      6. 5.2.6 Other Packaging Types

    3. 5.3 By Application

      1. 5.3.1 Poultry and Meat Products

      2. 5.3.2 Dairy Products

      3. 5.3.3 Vegetables and Fruits

      4. 5.3.4 Sea Food

      5. 5.3.5 Other Applications

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 Latin America

      5. 5.4.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Amcor PLC

      2. 6.1.2 E. I. du Pont de Nemours and Company

      3. 6.1.3 Smurfit Kappa Group

      4. 6.1.4 Mondi PLC

      5. 6.1.5 International Paper Company

      6. 6.1.6 Sonoco Products Co.

      7. 6.1.7 Schur Flexibles Group

      8. 6.1.8 Anchor Packaging Inc.

      9. 6.1.9 ITC Limited

  7. *List Not Exhaustive
  8. 7. INVESTMENT ANALYSIS

  9. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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