Market Size of Fresh Food Packaging Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 6.50 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Fresh Food Packaging Market Analysis
The fresh food packaging market has registered a CAGR of 6.50% in the forecast period 2021-2026. 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.
Fresh Food Packaging Industry Segmentation
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 |
Fresh Food Packaging Market Size Summary
The fresh food packaging market is experiencing significant growth, driven by advancements in packaging technologies and increasing consumer demand for sustainable and convenient packaging solutions. This market is characterized by the use of materials such as PET, paper, aluminum, and polyvinyl chloride, which are favored for their affordability and sustainability. Innovations like active and intelligent packaging, along with the application of nanotechnology, are enhancing the shelf life and freshness of packaged foods by preventing contamination and spoilage. These developments are particularly important as they address the challenges of maintaining food quality during storage and transportation, thereby reducing potential losses for food processing industries. The focus on eco-friendly and biodegradable materials is also gaining traction, aligning with the growing consumer preference for environmentally responsible products.
Regionally, the Asia-Pacific market is witnessing robust growth, fueled by rising disposable incomes and urbanization in countries like India and China. The increasing demand for fresh food packaging in this region is further supported by the surge in fruit and vegetable exports and the growing trend of online food ordering. The market is highly competitive and fragmented, with numerous players such as Coveris Holdings, Amcor Limited, and Smurfit Kappa Group actively participating. Strategic acquisitions and product innovations, like Amcor's launch of a sustainable packaging product, are shaping the competitive landscape. As health consciousness and the demand for longer shelf life products rise, the fresh food packaging market is poised for continued expansion, with key players investing in technologies to enhance consumer satisfaction and market value.
Fresh Food Packaging Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Demand for Extended Shelf Life of the Products
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1.2.2 Increasing Demand for Convenience Food
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1.3 Market Restraints
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1.3.1 Increasing Prices of Raw Materials
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1.3.2 Stringent Government Regulations
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1.4 Industry Value Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Bargaining Power of Suppliers
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type of Material
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2.1.1 Plastic
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2.1.2 Metal
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2.1.3 Glass
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2.1.4 Paper and Paperboard
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2.2 By Packaging Type
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2.2.1 Cans
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2.2.2 Converted Roll Stock
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2.2.3 Gusseted Box
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2.2.4 Corrugated Box
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2.2.5 Boxboard
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2.2.6 Other Packaging Types
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2.3 By Application
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2.3.1 Poultry and Meat Products
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2.3.2 Dairy Products
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2.3.3 Vegetables and Fruits
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2.3.4 Sea Food
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2.3.5 Other Applications
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2.4 Geography
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2.4.1 North America
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2.4.2 Europe
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2.4.3 Asia-Pacific
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2.4.4 Latin America
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2.4.5 Middle East & Africa
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Fresh Food Packaging Market Size FAQs
What is the current Fresh Food Packaging Market size?
The Fresh Food Packaging Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)
Who are the key players in Fresh Food Packaging Market?
Amcor PLC, DuPont de Nemours Inc., Smurfit Kappa Group, Mondi PLC and Sonoco Products Co. are the major companies operating in the Fresh Food Packaging Market.