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The global market for fresh food packaging is driven by the increasing importance of healthy eating habits among consumers. With individuals making healthy food choices, there has been a rising focus on increasing the shelf life of food products. The increasing demand for fresh-packaged seafood owing to the nutritional benefits offered by these products, such as omega-3, vitamin A and K, and others, is supporting the product demand in the seafood market. Premium packaged seafood reduces the risk of contamination in such food items and guarantees improved freshness and quality. Additionally, the emergence of e-commerce and the rising inclination towards home deliveries are favouring the market growth of fresh food packaging.
The rising environmental consciousness and the awareness about the harmful impacts of plastic packaging on human health are resulting in the wide adoption of novel packaging methods like corrugated boxes to deliver fresh foods. The introduction of favourable government policies worldwide to promote sustainable packaging and food safety is anticipated to aid the market growth over the forecast period. In May 2022, Tetra Pak introduced an innovative fibre-based material to substitute the aluminium layer in order to develop a fully renewable aseptic package. The company aims to reduce the carbon footprint and make the post-consumer cartons attractive for recyclers as they favour aluminium-free cartons. Meanwhile, in December 2020, Amcor Plc (NYSE: AMCR) launched Eco-Tite® R, the first recyclable shrink bag for fresh and processed meat, some cheeses, and poultry to provide consumers with the benefits of longer-lasting food while promoting sustainability. Eco-Tite® R is produced to increase the shelf-life of the food, maintain food safety, and promote recyclability in existing polyethylene (PE) plastic recycling streams. The food packaged with Eco-Tite® R can be stored in refrigerators and other cool environments, offering an alternative to PVDC packaging for European markets.
In terms of region, the Asia Pacific is likely to account for a significant share of the market, owing to the thriving food and beverage sector and a high population base in countries like India and China. The market in the region is anticipated to be augmented by the expanding retail channels fuelled by rapid urbanisation. Moreover, the anticipated growth in the consumption of fresh fruits and vegetables due to the increasing health awareness and the growing trends of vegetarianism and veganism is likely to bode well for the growth of the market.
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The major players in the global fresh food packaging market are Amcor Plc, Tetra Pak, Berry Global Inc., Mondi plc., and Smurfit Kappa Group, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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