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Global Fresh Food Packaging Market to Grow at a CAGR of 5.5% During 2022-2027, Aided by the Rising Focus on the Consumption of Fresh and Healthy Foods

According to a new report by EMR titled, ‘Global Fresh Food Packaging Market Report and Forecast 2022-2027’, the market reached a value of more than USD 85 billion in 2021. The market is further expected to grow at a CAGR of 5.5% between 2022 and 2027 to reach over USD 117.20 billion by 2027.

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.

Market Breakup by Material, Packaging Type, Application, and Region:

  • The market is segmented based on material into plastic, metal, glass, and paper and paperboard.
  • The different packaging types considered in the market report include cans, converted roll stock, gusseted box, corrugated box, and boxboard, among others. 
  • The significant applications of fresh food packaging include poultry and meat products, dairy products, vegetables and fruits, and seafood, among others.
  • Region-wise, the global market for fresh food packaging can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for fresh food packaging is being driven by the increasing concerns associated with the consumption of contaminated foods and rising food safety standards. 
  • The stringent government regulations regarding sustainable packaging and food safety are anticipated to bolster the market growth in the forecast period.
  • The market is expected to benefit from the expanding retail sector and the emergence of e-commerce.
  • The increasing efforts by the key market players to introduce eco-friendly packaging solutions are anticipated to favour the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for fresh food packaging for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the materials, packaging types, applications, and regions of fresh food packaging.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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