Fresh Food Packaging Market Forecasts to 2028 – Global Analysis By Material (Metal, Plastic, Polylactic Acid), Application (Seafood, Poultry and Meat, Baby Nutrition), and By Geography

Fresh Food Packaging Market Forecasts to 2028 – Global Analysis By Material (Metal, Plastic, Polylactic Acid), Application (Seafood, Poultry and Meat, Baby Nutrition), and By Geography

According to Stratistics MRC, the Global Fresh Food Packaging Market is accounted for $82.67 billion in 2021 and is expected to reach $120.25 billion by 2028 growing at a CAGR of 5.5% during the forecast period. Fresh food packaging involves in providing protection, safety and it also gives great resistance power to defend from pathogens, bacteria and microorganisms. It also provides information about the ingredients, its nutritional value, and instruction to maintain the quality and freshness of the food.

Market Dynamics:

Driver:

Increasing demand for convenience food items

Increasing preference for convenience food items is driving the market growth. The main reasons for this demand are the shift toward a healthy lifestyle and the high purchasing power of consumers. The key reason for the rise in demand for convenience food is the increasingly fast-paced lifestyle in emerging economies. The growing demand for convenience food items is also because of the tendency of consumers to buy off-the-shelf foods, especially in emerging markets

Restraint:

Stringent government rules and regulations

Food packaging regulatory systems include general safety needs that are intended to preserve the physical, chemical, and sanitary integrity of the contents of food packages. These requirements generally prohibit the transfer of substances from the packaging material to the food that may be harmful to human health or bring about an unacceptable change in the composition, taste, or odor of food.

Opportunity:

Innovations in eco-friendly packaging

Governments across the world are focusing on reducing environmental pollution and encouraging end-use sectors to opt for eco-friendly solutions. Packaging companies are focusing on eco-friendly solutions for environmental sustainability. Recycled packaging materials are used widely by producers to provide eco-friendly packaging materials, including corrugated cartons, glass, steel, and paperboard.

Threat:

Strict government regulations

Strict government regulations and rules on raw materials used for packaging materials may act as a threat to market growth. Changes in regulatory regimes and tax affairs of operations in various countries can adversely affect market players in expanding the global fresh food packaging business. It is anticipated these conditions will impede the growth of the fresh food packaging market.

The converted roll stock segment is expected to be the largest during the forecast period

The converted roll stock segment is estimated to have a lucrative growth as converted roll stock is made from raw materials to create new products. Converted roll stock is the most common pack type used in fresh food packaging and provides a faster packaging process as more packages are produced per minute using roll stock on a form-fill-seal machine.

The poultry and meat segment is expected to have the highest CAGR during the forecast period

The poultry and meat segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the consumer preferences for tested and packaged meat items and awareness of the changing eating habits and nutritional value of meat.

Region with highest share:

North America is projected to hold the largest market share during the forecast period due to increasing environmental issues, rising awareness of global warming combined with the availability of solutions such as environmentally friendly packaging.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period owing to increasing population, industrialization, and urbanization, a growing number of fast-service restaurant facilities, and the adoption of packaging for cooked food in the region.

Key players in the market

Some of the key players profiled in the Fresh Food Packaging Market include Smurfit Kappa, WestRock Company, Ultimate Packaging Limited, Temkin International Inc., Sonoco Products Co., Ampacet Corporation, Printpack Inc., Sealed Air Corporation, DS Smith PLC, Packaging Corporation of America, Mondi PLC, Interntional Paper Company, Graphic Packaging Holding Co., DuPont, Schur Flexibles, Coveris, Bomarko Inc., Anchor Packaging Inc., Silgan Holdings Inc., and Amcor PLC.

Key Developments:

In June 2019, Amcor PLC acquired Bemis Company Inc. The acquisition of Bemis brought additional scale, capabilities, and footprint that will further strengthen Amcor’s market position.

In May 2019, Sealed Air Corporation signed an agreement to acquire Automated Packaging Systems Inc., APS provides full flexible packaging systems, including industry-leading equipment, sustainable materials, and technical services. Known for inventing Autobag® bagging machines and pre-opened bags on a roll, APS also offers three recycled film solutions under the EarthAware® brand.

Thickness Covered:
• Below 3.5 mil
• 3.6 – 5.5 mil
• 5.5 mil and Above

Technologies Covered:
• Water Soluble Packaging
• Smart Packaging
• Octabin
• Modified Atmospheric Packaging
• Self-Heating Packaging
• Aseptic Packaging
• Intelligent/Innovative Packaging
• Self-Cooling
• Active Packaging
• Edible Packaging
• Antimicrobial Packaging

Packaging Types Covered:
• Gusseted Bags
• Corrugated Box
• Flexible Paper
• Rigid
• Converted Roll Stock
• Boxboard
• Cans
• Other Packaging Types

Materials Covered:
• Metal
• Plastic
• Paper and Paperboard
• Bagasse
• Polylactic Acid
• Other Materials

Sales Channels Covered:
• Retailers
• Wholesalers (In Bulk)
• Quick Service Restaurants
• Hotels, Restaurants and Food Chains
• Residential

Applications Covered:
• Vegetables and Fruits
• Seafood
• Bakery & Confectionery
• Ready Meals
• Poultry and Meat
• Fresh Cooked Food
• Diary & Ice Cream
• Crisp, Snacks & Nuts
• Bars, Biscuits & Cereals
• Baby Nutrition
• Sauces, Dressings and Condiments
• Cooking Aids & Spreads

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances