Fresh food packaging market size expected to reach $165.2 billion with a CAGR of 6.1% by 2027 – IndustryARC


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Increased consumer awareness and increased demand from the fresh food packaging market.

HYDERABAD, TELANGANA, INDIA, Oct. 26, 2022 / — IndustryARC in its latest report predicts the fresh food packaging market size to reach $165.2 billion by 2027. , it is poised to grow at a CAGR of 6.1% over the forecast period 2022-2027. Fresh food packaging is a technique used to prevent food from undergoing unnecessary changes after packaging. Changes can be related to color, smell, taste and texture, as well as contamination from any external source. It helps to store food in a convenient size and shape and also gives basic information about food stored on the outer liner of the packaged container. Innovative, attractive and convenient-to-store packaged foods always attract customers. Different materials are used for different food packaging. Packaging materials are classified into categories according to the material used for packaging which are paper (kraft paper, sulphite paper, parchment paper, parchment paper, soft paper) plastic (polyethylene, polypropylene, polyvinyl chloride, plastic biodegradable, and others), metal, glass, gusseted bags, the corrugated box used in the fresh food packaging industry. This fresh food packaging material is used to package various types of items such as dairy products, beverages, fruits, meat and seafood, pet food and other types of consumables. Growing population and demanding demand for fresh and organic food worldwide is driving the Fresh Food Packaging Market during the forecast period 2022-2027. The report offers a comprehensive analysis of the market, its main segments, growth factors, trends, drivers and challengers, key players and more.

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Key points to remember:

1. Geographically, Asia-Pacific held a dominant market share in 2021, increasing the demand for food and fresh produce.

2. Sustainable packaging solutions with cost-effective technology are driving the Fresh Food Packaging Market growth over the forecast period 2022-2027.

3. Price fluctuation due to various factors such as demand and supply chain imbalance will impact the fresh food packaging market during the projected forecast period.

4. A detailed analysis of strengths, weaknesses, opportunities and threats will be provided in the Fresh Food Packaging market report.

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Segmental analysis:

1. The fresh food packaging market based on type can be further segmented into rigid, flexible and semi-flexible. The rigid fresh food packaging segment held a dominant share in 2021.

2. Flexible packaging is estimated to be the fastest growing with a CAGR of 8.2% over the forecast period 2022-2027. Flexible packaging is further categorized into films – shrink wrap, stretch wrap, and pouches. They are lightweight, easy to handle and transport, and take up less space.

3. In April 2019, Amcor launched a durable, high-barrier polyolefin film under the name Amite Ultra Recyclable that can help reduce carbon footprints by up to 64%.

4. Meat is highly perishable in nature and presents a high risk of contamination if not packaged and stored properly. According to Pew Research, 78% of the world’s population is non-vegetarian and America was the first to consume meat in 2020, an average of 252 pounds per person, and chicken ranks first followed by beef . Such a large number of non-vegetarian consumers increases the demand for meat products and their packaging, which helps drive the segment.

5. Vegetables are expected to grow by 7.0% over the forecast period 2022-2027 due to the growing trend towards a vegan diet. In 2021, the total number of vegans, vegetarians and related categories has reached up to 14% of the world’s population. Also, the WHO recommended consumption of vegetables is 400 grams per person per day, but the global consumption is 267 grams per person per day, which translates into a market reach for the supply of fresh vegetables, such factors are contributing to the growth of the fresh food packaging market over the forecast period 2022-2027.

Competitive Landscape:

Top 5 Players in Fresh Food Packaging Industry are-

1. Ultimate packaging

2. Mondi Group

3. International Paper Company

4. Global PP

5. DuPont de Nemours, Inc.

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Related reports:

A. Packaging Adhesives Market

B. Packaging printing market

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