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Increasing Consumption of Packaged Food Products is driving the Fresh Food Packaging Market

As stated in our extensive report by Vantage Market Research, providing insights on Type, Material, Function, and Application; the Global Fresh Food Packaging Market accounted for USD 78.50 Billion in the year 2021.

In recent years, the packaging industry is increasing owing to the high demand for packaged fresh food and food products. Increasing expectations of consumer and retailer, price constraints, and more stringent regulatory demands is the major factor driving the market. Also, the growth of convenience packaging in the food industry is a major driver fueling the market growth. These are some of the major factors to promote the Fresh Food Packaging Market.    

Fresh food packaging is a substantial part of the ever-growing food industry. The packaging of fresh is a complex process and the diversification of fresh foods such as fish, meat and meat products, fruits, and vegetables, requires different materials and containers. Proper design and adoption of a fresh food package extends the shelf life of the food and is convenient for the users, thus saving material costs regarding wastage. Moreover, the packaging materials utilized for glass, polymers, metals, and paperboards along with their combinations. The utilization of different materials is decided as per the shelf life of the food, the chemical composition of the food, and the value of the product that is to be packed.

The Global Fresh Food Packaging Market has been adversely affected in recent months due to the outbreak of the pandemic, COVID-19, in December 2019. The outbreak has resulted in numerous countries imposing lockdowns and shutting down businesses except for essential services (allowed with minimum workforce). Several businesses have increased their focus on profitability and reduced their expenses in analytics, which is decreasing the demand for fresh food packaging products.

Asia Pacific is expected to grow at the fastest Compound Annual Growth Rate (CAGR) in the coming years owing to the high demand for fresh food packaging products in the retailer sector. Countries such as the U.S. & Canada are considered to be the most developed countries in the field of packaging technology. These are a few of the reasons is expected to grow in the coming years.

Developing economies like India, China, and the Middle East are considered to gain huge opportunities in the adoption of fresh food packaging. North America held the largest share of the Global Fresh Food Packaging Market in 2021, followed by Europe and the Asia Pacific. In major parts of the world, the market is still growing owing to insufficient funds, lack of awareness, minimum availability of Research and Development (R&D) facilities, underdeveloped IT infrastructure, and social constraints.

Major players of the Global Fresh Food Packaging Market such as Amcor PLC (Australia), Interntional Paper Company (US), WestRock Company (US), Sealed Air Corporation (US), Smurfit Kappa (Ireland), Coveris (Vienna), DuPont (US), DS Smith PLC (UK), Mondi PLC (South Africa), Silgan Holdings Inc. (US), Sonoco Products Co. (US), Schur Flexibles (Austria), Anchor Packaging Inc. (US), Printpack Inc. (US), Bomarko Inc. (US), Packaging Corporation of America (US), Graphic Packaging Holding Co. (US), Ampacet Corporation (US), Ultimate Packaging Limited (UK), Temkin International Inc. (Utah).