Fresh Food Packaging Market: Industry Analysis, Trends, Size

New York, USA, 2018-Nov-14 — /EPR Network/ —According to Goldstein Research, global fresh food packaging market is expected to reach USD 102.7 billion by 2024, growing at a CAGR of 3.90% over the forecast period 2016-2024. Extended shelf life and convenience in fresh food transportation are propelling the need for effective fresh food packaging. Global fresh food packaging market segmentation has been done on the basis of packaging type, packaging material type, application, end user and geography. The high amount of food wastage and raising awareness and concerns about global warming are leading for the adoption of innovative techniques of fresh food packaging and positively impacting the growth of the market. Global fresh food packaging market is largely dominated by the Asia Pacific owing to the increasing export and import of food from countries such as China, Philippines, Vietnam, India, and Indonesia. Moreover, the rising number of quick-service restaurants facilities and adoption of packaging for cooked food in the region are also bolstering the growth of Asia-Pacific fresh food packaging market.

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Market Segmentation

On the basis of our in-depth analysis, Global Fresh Food Packaging Market can be segmented as follows:

Based on Packaging Type

  • Flexible Packaging
  • Semi-Rigid Packaging
  • Rigid Packaging

Based on Packaging Material Type

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Paper & Paperboard
  • Aluminum
  • Biaxially-Oriented Polyethylene Terephthalate (BOPET)
  • Polyvinyl Chloride (PVC)
  • Others (glass, wood, and textiles)

Based on Application

  • Poultry & Meat Products
  • Dairy Products
  • Produce (Vegetables and Fruits)
  • Sea Food
  • Fresh Cooked Food
  • Based on End-User
  • Bakery & Confectionary
  • Hotels, Restaurants and Food Chains
  • Quick Service Restaurants
  • Retailers
  • Food & Beverage

By Region

  • North America Fresh Food Packaging Market Analysis, 2016-2024
  • Europe Fresh Food Packaging Market Analysis, 2016-2024
  • Middle East And Africa Fresh Food Packaging Market Analysis, 2016-2024
  • Latin America Fresh Food Packaging Market Analysis, 2016-2024
  • Asia Pacific Fresh Food Packaging Market Analysis, 2016-2024
  • Rest Of The World Fresh Food Packaging Market Analysis, 2016-2024

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 “Global Fresh Food Packaging Market Report Outlook 2024contains a detailed overview of the global fresh food packaging market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by packaging type, packaging material type, application, end user and geography.

The Global Fresh Food Packaging Market Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The in-depth analysis of fresh food packaging market report will help the clients to assess their business strategies as per the competitive environment in the market space. Further, Growing demand of flexible packaging to increase the shelf life of fresh food is driving the growth of fresh food packaging market across the globe. Europe fresh food packaging market is anticipated to garner USD 11.40 billion by the end of 2024, growing at a CAGR of 2.23% during the forecast period.

Major players of the global fresh food packaging market discussed in the report are: International Paper Company, Amcor Limited, DS Smith Plc, DuPont, Smurfit Kappa, BALL Corporation, COVERIS, Mondi Group, Ultimate Packaging, PP Global, Bemis Company Inc., Packaging Corporation of America, Sonoco Products Company, Graphic Packaging International, Inc, Sealed Air Corporation, Pactiv, Anchor Packaging Inc., Bomarko Inc., Silgan holdings Inc., RockTenn Company, LINPAC Packaging, Graphic Packaging, Printpack, Berry Plastics, AEP Industries, Dolco Packaging, Exopack Holding, GenPak, Reynolds Group, Leucadia National, ITC Limited,etc.

Further, Global Fresh Food Packaging Market Report encompasses the major trends & growth opportunities, market dynamics and other growth factors. The Fresh Food Packaging Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis, and Market Attractiveness. The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

Global fresh food packaging market is further bifurcated in various segments with separate market analysis mentioned below:

Flexible Packaging Market

Growing demand for processed meat & sea food, ready to eat meals, soups, dairy products and baby foods are expected to create new scope for the development of flexible packaging market in the near future. global flexible packaging market size valued USD 91 billion in 2016 and is anticipated to grow at a CAGR of 5.12% during the period 2016-2024.

 

Global paper and paper board packaging market

Growing demand of lightweight packaging materials, eco-friendly boxes and implementation of new innovative technology in paper and paperboard packaging industry is likely to bolster the growth of paper and paperboard packaging market. The global paper and paperboard packaging market is projected to reach USD 321.4 billion in 2024, growing at a CAGR of 4.82% over the forecast period.

Frozen seafood packaging market

Globally, for effective food supply chain management and to maintain the quality of food, the technology advancement in packaging material and packaging type is propelling the growth of packaging industry. Global frozen seafood packaging market is set to reach USD 281.3 billion by 2024, growing at a CAGR of 6.42% over the forecast period (2016-2024).

Milk packaging Market

Rising consumption of milk due to its high nutritional and health-related benefits is significantly raising the need for its proper packaging. Rising demand for packaged milk and high rate of milk consumption in emerging economies such as China, India, Philippines and Indonesia is increasing the business opportunities for milk packaging market players in Asia-Pacific region. Asia-Pacific milk packaging market dominated the global milk packaging market with a market share of 32.5% in 2016. Asia-Pacific milk packaging market is expected to grow at a CAGR 6.0% during the time period of 2016-2024.

Fruit Juice Packaging Market Analysis

Packaging helps in protection of fruit juices from external environmental factors and contamination of bacteria. Appropriate fruit juice packaging helps in proper storage and distribution among consumers and reduces the risk of damaging. Global fruit juice packaging market valued USD 20.63 billion in 2016 and projected to reach USD 26.46 billion by 2024. Further, the market is expected to grow at a CAGR of 3.16% during the forecast period i.e. 2016-2024.

India Fruit juice packaging Market

Growing consumption of packaged fruit juice across India has significantly augmented the growth of fruit juice packaging market. Indian consumers have completed long way from consumption of juice in loose form to bottles, cartons and large PET bottles.  Fruit juice packaging market in india to expand at a CAGR of 4.8% during the forecast period 2016-2024. Further, the market is anticipated to reach USD 1.4 billion by the end of forecast period.

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