Visiongain has released a new report titled Fresh food packaging 2022-2032. It includes Fresh Food Packaging Market Segment Profiles and Forecast by Material, (Plastic, Metal, Paper & Cardboard, Glass) Market Segment by Application, (Dairy Products, Poultry & Meat Products, Vegetables & Fruits , Seafood, Other Applications) Market Segment by Packaging Type, (Converted Roll Stock, Gusseted Bags, Flexible Paper, Corrugated Box, Boxboard, Other Packaging Type) PLUS COVID-19 Impact Analysis 19 and analysis of recovery models (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of major companies, region and country.
The Global Fresh Food Packaging Market was valued at USD 82,270 Million in 2021 and is projected to grow at a CAGR of 3.7% during the forecast period 2022-2032.
During the projection period, modern packaging solutions will be developed to create profit potential
Growing health concerns, customer desire for better packaging solutions, and government requirements have all contributed to the development of advanced packaging techniques and technologies. The expansion of the fresh food packaging market has been facilitated by advancements in fresh food packaging such as water-soluble packaging, smart packaging, modified atmosphere packaging (MAP), active packaging, and edible packaging. Biodegradable packaging that can be recycled and reused has opened up a whole new market for the market as it complies with government requirements and is environmentally beneficial, making it easier to dispose of.
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How Has COVID-19 Significantly Negatively Impacted the Fresh Food Packaging Market?
As covid-19 began to disrupt supply networks, the critical role packaging companies play in the supply chain became apparent. However, as the world connected, moved apart, and required more protective packaging to transport goods and products, the demand for protective packaging skyrocketed. Agri-food activities have been hard hit by the epidemic. The pandemic has had a detrimental influence on meat packaging in the short term, leading to some shortages in consumption. On the other side, fast food outlets have seen an increase in demand. Due to recycling facility closures and flavor shortages, soda producers have been hampered by aluminum shortages. The food service industry’s need for food packaging decreased when arenas and sports venues closed. When large offices and industrial enterprises ceased, company cafeterias were closed. In terms of packaging, I’ve noticed an increase in demand for fast food and mainstream beverages. The folding carton company manufactures the dies used to cut more than 80% of all fast food containers, as well as virtually all beer and beverage cartons. One of our customers delivered 60 carton loads of medium sized chicken nuggets in just one week.
How will this report help you?
Visiongain’s 300+ page report provides 140 charts and 139 charts/graphs. Our new study is suitable for anyone who needs in-depth business analytics for the Global Fresh Food Packaging Market along with detailed analysis of market segments. Our new study will help you assess the entire global and regional Fresh Food Packaging market. Get the financial analysis of the overall market and different segments including packaging type, application, material and capture higher market share. We believe there are still great opportunities in this growing fresh food packaging market. Find out how to use the existing and upcoming opportunities in this market to generate revenue in the near future. Moreover, the report would help you improve your strategic decision-making, enabling you to define growth strategies, strengthen analysis of other market players and maximize business productivity.
What are the current market drivers?
Growing Demand for Extended Shelf Life Products
Consumers are increasingly interested in practical solutions to reduce their carbon footprint as they become more aware of the environmental impact of their behaviors. More than ever, consumers expect items that reflect their values and are sourced, produced and packaged in the most sustainable way possible. According to our research, consumers consider shelf life when buying yogurt to save money and reduce waste.
Increased consumption of fresh fruits and vegetables
Fruit and vegetable consumption varies by country and socio-economic class. Nutritional insufficiency and calorie excess hit low-income households the hardest. There is a general correlation between better education and increased consumption of fruits and vegetables. Fruit and vegetable consumption is linked to social determinants of health such as ability, opportunity and motivation. Only 29% of adults and 18% of children in the United Kingdom (UK) consume five servings of fruit and vegetables a day. The majority of Americans in the United States do not consume the two and a half cups of vegetables and two cups of fruit suggested by The Dietary Guidelines for Americans every day. Food insufficiency, lack of product availability in rural and neglected metropolitan areas, cost of food, time “poverty” and inadequate health knowledge are all barriers to eating more.
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Where are the market opportunities?
Increased awareness of sustainable packaging and global warming
Products perceived as harmful to the environment, such as plastics and printing inks, are being phased out. The use of reused or recyclable materials is preferred. PVC bottles are replaced with PET bottles, recycled into PET fibers for clothing and created are recycled into PET fibers for clothing and create chlorine when burned. The paper and cardboard, glass and metal packaging industries, including aluminum, recycle and reuse materials substantially on a global scale. “Bio-packs” are also increasingly popular (produced from rice and corn starches). On the other hand, others, on the other hand, may be against this trend as it puts a strain on arable land that could otherwise be used for food production.
Growing demand for suitable packaging to keep food fresh
Grocery store shelves are filled with manufactured items with low nutritional value. It’s no surprise that America is growing in size, with everything from cupcakes to pudding. Not to mention, it’s not hard to keep Twinkies or other snacks fresh for a long time. Processed foods have a longer shelf life and it’s simple to spruce up the packaging to capture the attention of aisle shoppers. Fresh and organic products such as fruits, vegetables, coffee, meat and tea are also available. These products require a unique packaging strategy that incorporates ingredients that improve shelf life and keep food fresh. Although preservatives allow manufactured foods to be consumed for longer periods of time, they must rely on fresh bag keeping to extend the shelf life of organic products.
The major players operating in the fresh food packaging market are Amcor plc, Ampacet Corporation, Anchor Packaging Inc., Bomarko, Inc., Coveris, DS Smith Plc (DS Smith), DuPont, Graphic Packaging Holding Co., International Paper (IP ), Mondi Plc (Mondi), PCA (Packaging Corporation of America), PPC Flexible Packaging LLC, Printpack Holdings, Inc., Schur Flexibles, Sealed Air Corporation, Silgan Holdings Inc., Smurfit Kappa Group Plc (Smurfit), Sonoco Products Company , Ultimate Packaging, Ltd., WestRock Company, These key players operating in this market have adopted various strategies including mergers and acquisitions, R&D investments, collaborations, partnerships, regional business expansion, and new product launches.
- April 20, 2022, The WestRock Company and Recipe Unlimited announced a collaboration to produce a line of recyclable paperboard packaging that will save 31 million plastic containers from landfills in Canada each year. In October 2021, the package debuted at Swiss Chalet restaurants and is currently available at all of the company’s properties.
- On April 14, 2022, SEE, ExxonMobil and Ahold Delhaize USA announced the first-ever advanced recycling collaboration in the United States. As part of this initiative, flexible plastics from the food supply chain are recycled and turned into new circular food-grade certified packaging. This summer, the campaign will begin and gradually gain momentum.
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