A recent report published by Infinium Global Research on the fresh food packaging market provides an in-depth analysis of segments and sub-segments in the global as well as regional fresh food packaging market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional fresh food packaging market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global fresh food packaging market. According to the report, the global fresh food packaging market is projected to grow at a CAGR of 5% over the forecast period of 2022-2028, growing from over USD 85 billion in 2022 to more than USD 117 billion in 2028.
Modern food packaging offers complete security, biological safety, counterfeit resistance, and tamper resistance. It often includes information about the edible food being sold as well as a label with nutritional data. Labels and packaging have made it easier for marketers to persuade consumers to buy a certain food product. In order to ensure consumer happiness and information transmission, the packaging is equally crucial. The many benefits of packaging food products are anticipated to boost the market's sales growth for fresh food packaging globally throughout the forecast period.
Consumers are acutely aware of health-related difficulties resulting from the intake of unhealthy junk food; nonetheless, they choose fresh food and food products that are favorable to health by spending more money. According to the CDC, the fruit was ingested daily by more than 67.3% of individuals in the country. According to the Food Industry Association, packaged food and beverage sales online will reach $109 billion in 2021. Additionally, eating bad food worsens the obesity epidemic globally. According to studies from around the world, there will be 2 billion individuals who are obsessive by the year 2021. Numerous illnesses, including cardiovascular disease, hypertension, blood pressure, infertility, and others are made more common by the rising prevalence of obesity. The consumption of healthy, fresh food products has increased as a result of consumers' increased awareness of the disease's underlying cause, which supports the growth of the global fresh food packaging market. The market's demand, supply, weather, export demand, and marketplace-specific varietal variances all have an effect on price changes. When all or some of these factors were in play, raw material costs fluctuated, which had an effect on the price of by-products like fresh food packaging and, in turn, had an effect on the expansion of the fresh food packaging market.
Asia-Pacific has experienced positive growth in the fresh food packaging market and is estimated to witness significant growth, over the forecast period. There has been an increase in the disposable income of consumers in the region, which increased the standard of living in the region. The rising 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 the Asia-Pacific region. The increasing exports of fruits and vegetables in Asia-Pacific are boosting market growth. Additionally, in nations like India, where there is a growing need for online meal delivery, packed food boxes are being used more frequently, which is helping the market for packaging fresh foods.
The report on the global fresh food packaging market covers segments such as packaging type, material, and application. On the basis of packaging type, the sub-markets include rigid, and flexible. On the basis of material, the sub-markets include plastic, paper & paper board, bagasse, polylactic acid, and others. On the basis of application, the sub-markets include eggs, meat and seafood, fruits and vegetables, and dairy products.
The report provides profiles of the companies in the market such as Amcor plc, DS Smith Plc, Mondi, Coveris, FLAIR Flexible Packaging Corporation, PPC Flexible Packaging LLC, Flex-Pack, Transcontinental Inc., FFP Packaging Ltd., and Sealed Air.
The report provides deep insights into demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the fresh food
packaging market. Moreover, the study highlights current market trends and
provides forecasts from 2022-2028. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings insight into the
market share of the leading players.
Please Choose One of them.