How Consumer Awareness is Driving Demand for Safe and Hygienic Fresh Food Packaging | Expert Review Report
The fresh food packaging industry refers to the manufacturing and distribution of packaging materials that are specifically designed for fresh produce, #meat, #seafood, and other perishable #food items. The industry plays a crucial role in ensuring the quality, safety, and shelf life of these foods, as well as minimizing food waste.
The global fresh food packaging market size is projected to grow from USD 79.8 billion in 2020 to USD 95.2 billion by 2025, at a CAGR of 3.5% between 2020 and 2025. Browse 173 market data Tables and 44 Figures spread through 184 Pages and in-depth TOC on "Fresh Food Packaging Market Market by Material (PE, PP, Paper, Aluminum, BOPET, PVC), Pack Type (Converted Roll Stock, Gusseted Bags, Flexible Paper, Corrugated Box), Application (Meat Products, Vegetables, Seafood, Fruits), and Region - Global Forecast to 2025".
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In 2023-24, the #demand for #freshfood #packaging is expected to continue to grow due to several factors. Firstly, there is an increasing awareness among consumers about the importance of food #safety and #hygiene. This is driving the demand for packaging materials that can keep food fresh and protected from contamination.
Secondly, there is a growing #demand for convenience foods, which are typically packaged and ready to eat. This has led to an increased demand for packaging solutions that are easy to handle, store, and transport.
Finally, the trend towards sustainability is also driving demand for eco-friendly packaging solutions. Consumers are increasingly concerned about the environmental impact of packaging waste, and are seeking out products that use recycled materials or are biodegradable.
Fresh Food Packaging Market Key Players
Major players operating in the global fresh food packaging market include Amcor PLC (Australia), Interntional Paper Company (US), WestRock Company (US), Sealed Air Corporation (US), Smurfit Kappa (Ireland), Coveris Group (Vienna), DuPont (US), DS Smith PLC (UK), MONDI PLC (South Africa), Silgan Holdings Inc. (US), Sonoco Products Co. (US), Schur Flexibles Finland (Austria), Anchor Packaging Inc. (US), Printpack Inc. (US), Bomarko, Inc. Inc. (US), Packaging Corporation of America (US), Graphic Packaging International Holding Co (US), Ampacet Corporation (US), Ultimate Packaging Limited (UK), and Temkin International Inc. (Utah).
Amcor PLC (Australia) is the largest player in the market. The company has its presence in North America, Europe, Asia Pacific, and in emerging markets. It is one of the leading companies engaged in the manufacturing and distribution of both plastic and fresh food packaging. The company focuses on increasing its profitability by strengthening customer relations and expanding its presence by adopting both inorganic and organic strategies
International Paper Company is one of the world’s largest paper and packaging companies based in the US. The main businesses of the company are coated paperboard, pulp, foodservice, industrial packaging group, recycling, and retail display packaging. The company operates through three major segments that comprise industrial packaging, printing papers, and global cellulose fibers.
"Converted roll stock to be the largest pack type of the fresh food packaging"
Converted roll stock refers to a type of packaging material that is supplied in large rolls, which can be converted into different pack types such as bags, pouches, or trays, depending on the needs of the food manufacturer. Converted roll stock is used extensively in the fresh food packaging industry due to its versatility, cost-effectiveness, and ability to protect fresh food products.
In recent years, converted roll stock has become the largest pack type of fresh food packaging, and this trend is expected to continue in 2023-24. The primary reason for this is the growing demand for flexible packaging solutions that can accommodate a wide range of fresh food products, from fruits and vegetables to meat and seafood.
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Converted roll stock offers several advantages over traditional packaging formats such as cans or glass jars. It is lightweight and can be easily transported, which reduces transportation costs and carbon emissions. It is also highly customizable, allowing manufacturers to create packaging solutions that are tailored to the specific needs of their products.
"The meat products application is projected to register the highest CAGR"
The meat products application in the fresh food packaging industry is projected to register the highest Compound Annual Growth Rate (CAGR) in the coming years. This is due to several factors, including the growing demand for meat products worldwide, as well as increasing consumer awareness about the need for safe and hygienic packaging solutions for meat.
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Meat products such as beef, pork, chicken, and fish are highly perishable and require packaging solutions that can protect them from spoilage, contamination, and other forms of damage during transportation and storage. Fresh food packaging solutions for meat products must also maintain the product's texture, color, and flavor while preventing moisture loss and bacterial growth.
In recent years, there has been a significant increase in demand for meat products, particularly in emerging markets such as Asia and Latin America. This growth is being driven by rising incomes, changing dietary habits, and urbanization, all of which are expected to continue driving demand for meat products in the coming years.
The increasing demand for meat products is expected to drive growth in the fresh food packaging industry, as manufacturers seek out innovative solutions to protect and preserve these products. The use of high-quality, food-grade packaging materials that are designed specifically for meat products is likely to become increasingly important, as is the use of sustainable packaging solutions that reduce the environmental impact of packaging waste.
"The APAC region leads the fresh food packaging market in terms of volume"
The Asia Pacific (APAC) region leads the fresh food packaging market in terms of volume. This is due to several factors, including a growing population, rising disposable incomes, changing dietary habits, and increasing awareness of food safety and hygiene.
The APAC region is home to some of the world's largest and fastest-growing economies, including China, India, Japan, and South Korea. These countries have large populations and increasing demand for fresh food products, which is driving the growth of the fresh food packaging market in the region.
The food and beverage industry in the APAC region is also growing rapidly, driven by changing consumer preferences and lifestyles. There is an increasing demand for processed and packaged food products, which require advanced packaging solutions to maintain their quality and freshness. There is growing awareness among consumers about the importance of food safety and hygiene, which is driving demand for packaging solutions that can protect fresh food products from contamination and spoilage.