Global Fresh Food Packaging Market to Reach $214.8 Billion by 2030
The global market for Fresh Food Packaging estimated at US$149.8 Billion in the year 2023, is expected to reach US$214.8 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2023-2030. Polypropylene Packaging, one of the segments analyzed in the report, is expected to record a 6.1% CAGR and reach US$75.4 Billion by the end of the analysis period. Growth in the Polyethylene Packaging segment is estimated at 6.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $39.2 Billion, While China is Forecast to Grow at 8.5% CAGR
The Fresh Food Packaging market in the U.S. is estimated at US$39.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$50.1 Billion by the year 2030 trailing a CAGR of 8.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$30.4 Billion by the year 2030.
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