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Forecast Year
The global fresh food packaging market attained a value of more than USD 94.61 billion in 2023. The market is expected to grow at a CAGR of 5.5% in the forecast period of 2024-2032 to reach above USD 153.18 billion by 2032.
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Based on material, the plastic segment accounts for a significant share in the market for fresh food packaging. As plastic can withstand the extreme and unfavourable environments and does not easily degrade in hot or cold temperatures, the demand for fresh food packaging is increasing. In addition, the cost-effectiveness, durability, and easy availability of plastic are surging its use in fresh food packaging, which is estimated to propel the growth of the market in the forecast period.
The fresh food packaging industry in the Asia Pacific region is being driven by the rising availability of raw materials like glass and metals that are required for fresh food packaging. Over the forecast period, India and China are likely to witness a surge in the demand for fresh food products owing to the rising population and the increasing disposable incomes. The growing popularity of seafood due to the thriving travel and tourism industry is further surging the demand for fresh food packaging, which is projected to significantly contribute to the growth of the market in the coming years.
Fresh food packaging is defined as a part of the modern food industry that encloses the food to protect it from tampering or contamination from physical, chemical, and biological sources with active packaging. Fresh food packaging finds its applications in the dairy, poultry, meat, fruits, and vegetables, among others.
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Based on material, the market is segmented into:
The market can be broadly segmented on the basis of packaging types include:
The major applications of fresh food packaging include:
The EMR report looks into the regional markets of fresh food packaging like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global fresh food packaging industry is being driven by the increasing consumer preference towards clean-labelled and nutritional fresh food products, which are derived from meat, vegetables, fruits, and dairy products, among others. The market growth is anticipated to be boosted by the easy availability of packaged food and the rising disposable income of the emerging middle class. Moreover, rapid urbanisation and expansion of distribution channels in the emerging economies of the world are projected to fuel the market growth. The emerging trend of health and wellness is surging the demand for fresh products, which, in turn, is expected to drive the market for fresh food packaging in the forecast period.
The report gives a detailed analysis of the following key players in the global fresh food packaging market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Material |
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Breakup by Packaging Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global fresh food packaging market attained a value of more than USD 94.61 billion.
The market is estimated to grow at a CAGR of 5.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach above USD 153.18 billion by 2032.
The market is being driven by the thriving food and beverage industry, the rising population, and rapid development of convenience stores are aiding the market growth.
The industry is estimated to be propelled by the changing consumer preference towards eco-friendly packaging, the rising demand for clean-labelled products, and the growing trend of health and wellness.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Plastic, metal, glass, and paper and paperboard are the different materials of fresh food packaging.
Cans, converted roll stock, gusseted box, corrugated box, and boxboard, among others, are the significant packaging types in the market.
Poultry and meat products, dairy products, vegetables and fruits, and seafood, among others, are the major applications of fresh food packaging.
The major players in the industry are Amcor Plc, Tetra Pak, Berry Global Inc., Mondi plc., and Smurfit Kappa Group, among others.
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