Market Synopsis

Global Fresh Food Packaging Market is valued at USD 78.50 Billion in the year 2021 and is projected to reach a value of USD 95.93 Billion by the year 2028. The market is expected to grow at a Compound Annual Growth Rate (CAGR) of 3.4% over the forecast period.

Fresh Food Packaging is a method of protecting food from deterioration or spillage caused by physical, chemical, or biological sources in order to be stored for a longer period of time. Customers are increasingly interested in affordable, convenient, and sustainable packaging materials such as PET, paper, aluminium, and polyvinyl chloride, which are increasing the packaging rate of poultry and meat products, fruits and vegetables, and dairy products. Over the years, new packaging technologies such as active packaging, intelligent packaging, and engineering science have evolved, allowing for flexible packaging of fresh food products. Companies are using biodegradable packaging materials that can be recycled, renewed, and reused to create eco-friendly packaging. Furthermore, providing customers with convenience through innovative and convenient packaging has increased.

Increasing consumer awareness about health benefits associated with fresh food products, coupled with increasing disposable income, have contributed to the growth of the global Fresh Food Packaging Market. Furthermore, rising demand for convenience-oriented packaged food products among consumers has further fueled the growth of the global market. However, stringent regulations regarding the use of plastic materials in food packaging may hinder the growth of this market.

Market Segmentation:

The global Fresh Food Packaging Market is segmented by material, pack type, and application. Based on material, the target market is segregated into polypropylene, polyethylene, paper, aluminum, bopet, poly vinyl chloride, and others (glass, wood, and textiles). Based on the pack type, market is segmented as converted roll stock, gusseted bags, flexible paper, corrugated box, boxboard, cans, and others (stand-up pouches and wicketed bags). Based on the application, the market is bifurcated into meat products, vegetables, seafood, fruits, and others (dairy and poultry).

Polyethylene segments holds the largest market share in terms of revenue during the forecast period

Polyethylene is the most widely used material used for Fresh Food Packaging worldwide. Its lighter density, malleability, durability, stability, ease of processing, recyclability, and chemical resistance and moisture make it extensively utilized. It has leak-proof packaging, that means it's doesn't allow water vapour to pass through it. It can also be heat sealed, which means that plastic can be wrapped around the food and sealed airtight. Recent technological breakthroughs in PE food packaging films demonstrate that food in such packages has a much longer shelf life. Polyethylene packing sheets' strong barrier qualities are critical for preserving product quality, texture, freshness, and nutrients. Milk, grocery, juice and meat products are two of the most common food items for which polyethylene packaging is utilised.

Paper accounted for the second material and is a feasible alternative to plastics. Customers are interested in recycled paper fiber-based solid packaging solutions such as trays and cartons as the usage of plastic in packaging is decreasing. For example, in March 2021, AR Packaging, a Sweden-based company launched an all-in-one barrier carton board tray for fresh fruits and vegetables, as well as herbs, mushrooms and seeds.

Converted roll stock segments holds the largest market share in terms of revenue during the forecast period

Converted roll stock is commonly used to make bags, pouches, and sachets, among several other things. Converted roll stock is created by combining raw materials such as polyesters, adhesives, silicone, tapes, plastics, rubbers, liners, and metals. The roll materials vary in size and weight depending on the product. The most prevalent pack type used in Fresh Food Packaging is converted roll stock. When compared to other packaging processes, it provides a speedier packaging process since more packages are created per minute using roll stock on a form-fill-seal machine. Converted roll stock lowers packing costs due to form-fill-seal equipment that produce bags in line and reduce waste.

Meat products segments dominates the market share in the forecast period

Meat products holds the largest share in the market owing to rise in demand of fresh meat asit is rich in protein. Meat products are protected by packaging during manufacturing, storage, and distribution. The goal of any fresh meat food packaging technique is to prevent or delay unfavorable changes in appearance, flavour, aroma, and texture. If the aforementioned standard is not satisfied, consumers may reject the product. As a result, a new technical solution named 'Active and Intelligent packaging' is launched to the market, which better controls contamination and protects food quality. Converted roll stock is the most common pack form in beef products since it can be any shape or size.

The Asia Pacific region dominated the Fresh Food Packaging Market during the forecast period

Asia Pacific region holds the largest share of global market due to increasing demand for packaged foods across the globe. This can be attributed to the high per capita income levels in countries like China and India, which are major producers of fresh food products. Moreover, the government initiatives taken in these regions to promote the production of fresh food products have helped boost their popularity. In addition, the increasing population and urbanization trends in emerging economies such as China and India are likely to drive the growth of the market. China has emerged as the fastest-growing market owing to its rising disposable income coupled with changing lifestyles.

Competitive Landscape

Some of the major key players in the Global Fresh Food Packaging Market are 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).

Segmentation of the Global Fresh Food Packaging Market: