Market Share of Produce Packaging Industry
The produce packaging market is characterized by differentiation, growing service penetration, and high levels of competition. Design, technology, and application innovation can gain a sustainable competitive advantage. The market for produce packaging is fragmented as there are several players vying for higher market share. However, short product development cycles and higher exit barriers are affecting key players in the market. Overall, the intensity of competitive rivalry is expected to be high.
- In May 2024, Mondi PLC, a United Kingdom-based packaging company, partnered with Scan Sverige, a Sweden-based company, to create a polypropylene (PP)-based mono-material packaging for food packaging, including plant-based foods, salami, and sliced ham. The packaging was developed for recycling and has a high oxygen and moisture barrier to protect food and keep it fresh.
Produce Packaging Market Leaders
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Amcor PLC
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Berry Global Inc
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International Paper Company
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Sonoco Products Company
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Mondi PLC
*Disclaimer: Major Players sorted in no particular order
