Global Fresh Food Packaging Market (2018 – 2023) research report is expected to register a CAGR of 3.4% over a five years forecast period. Additionally, Fresh Food Packaging market report also examines the market by discussing market dynamics such as opportunities, threats, challenges, drivers, restrictions, and other trends of market. The growing adoption of multi-factor techniques is expected to aid the growth to Fresh Food Packaging market, during the forecast period.
List of Key players operating in the Global Fresh Food Packaging Market are –
- Coveris Holdings SAAmcor LimitedDuPontSmurfit Kappa GroupMondi LimitedBemis Company Inc.International Paper CompanySonoco Products Schur Flexibles GroupAnchor Packaging Inc.DS Smith PLCITC Limited
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The global fresh food packaging market is expected to reach USD 98.9 billion in 2023 from USD 80.7 billion in 2017, witnessing a CAGR of 3.4%, during the forecast period 2018 – 2023.
Fresh food packaging is a packaging technique to prevent food from change of state or contamination from physical, chemical, and biological sources. This helps in longer storage of the product. The affordable, convenient, and sustainable packaging material such as PET, paper, aluminum and polyvinyl chloride is increasing the demand from customers, which in turn, is increasing the packaging rate of poultry and meat products, fruits and vegetables and dairy products. New packaging technologies, such as active packaging, intelligent packaging, and engineering science, have evolved over the years, which enable flexible packaging of fresh food products. Companies are adopting eco-friendly packaging by using biodegradable packaging material which can be recycled, renewed, and reused.
The increasing demand for the extended shelf life of food and convenience are driving the growth of the fresh food packaging market, while the stringent government regulations and rising prices of raw materials are restraining the growth of the market.
Increasing Demand for Extended Shelf Life of Products is driving the Fresh Food Packaging Market
After packaging, it takes time for a product to reach consumers in various parts of the world. The packaged food may not be fresh and might lose its aroma and taste before reaching the consumer. The threat of food being spoilt before reaching the consumer is increasing, as it would result in loss of capital invested in the packaging. To overcome this, food processing industries are investing in technologies and various new packaging techniques, such as intelligent packaging and engineering science, which help in increasing the shelf life of the product. Organizations are focusing on consumer satisfaction, apart from revenues, as it impacts the image and value in the market. Increasing health consciousness and awareness regarding consuming fresh food are influencing consumers to opt for packaged products with a longer shelf life. Moreover, consumers are focusing on packaged products that retain their freshness, aroma, and taste even after many days of purchase. Thus, organizations are focused on improving the shelf life of products.
Asia-Pacific to have a Major Growth over the Forecast Period in Fresh Food Packaging Market
Asia-Pacific has experienced a positive growth in the fresh food packaging market and is estimated to witness a significant growth, over the forecast period. The disposable income of consumers in the region has witnessed significant growth, which increased the standard of living of people in the region. The growing urban population in India and China is increasing the demand for fresh food packaging in this region. India and China, together contributed over 70% of the total share of Asia-Pacific share, in 2017.The increasing exports of fruits and vegetables in Asia-pacific is increasing the growth of the market. The world imports of fruit and vegetables has increased by 17.6%, imports of fruits and vegetables in the Asia Pacific region increased by a remarkable 51.6%.
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Key Answers Catch in Analysis are:
– Which geographical region would have more demand for Fresh Food Packaging product/services?
– What are the business strategies accepted by leading players in the Fresh Food Packaging region-wise market?
– Which country would see the precipitous rise in CAGR & annual Fresh Food Packaging growth?
– What is the ongoing & estimated Fresh Food Packaging market size in the upcoming years?
– What is the Fresh Food Packaging market possibility for long-term investment?
– What type of opportunity would the country provide for current and Fresh Food Packaging market new players?
– What are the risk and challenges involved in Fresh Food Packaging suppliers?
– What are the factors which would propel the demand for the Fresh Food Packaging product in coming years?
– What is the impact study of numerous factors in the growth of the Global Fresh Food Packaging market?
– What are the latest trends in the regional Fresh Food Packaging market and how prosperous they are?
Reasons to Purchase Fresh Food Packaging Market Report:
- The report analyses how stringent emission control norms will drive the global Fresh Food Packaging market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Fresh Food Packaging market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Fresh Food Packaging Market Report TOC Includes:
- Overview of Fresh Food Packaging market, scope of report and include research phases
- Fresh Food Packaging market insight based on industry analysis and forecast analysis
- Covers market drivers, restraints and opportunity faced by market
- Market segmentation and analysis by product types and applications
- Regional market analysis based on market size, growth rate and forecast year
- Competitive analysis based on mergers and joint ventures
- Share recent development and strategies of current Fresh Food Packaging market
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