Global Fresh Food Packaging Market

Fresh Food Packaging Market Size, Share, Growth Analysis, By Packaging Type(Rigid and Flexible), By Material(Plastic, Paper & Paper Board, Bagasse, Polylactic Acid), By Application(Eggs, Meat and Seafood, Fruits and Vegetables, Dairy Products), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15H2038 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 91 | Figures: 76

Fresh Food Packaging Market News

  • In April-2022, The WestRock Company & Recipe Unlimited have announced a partnership to create a line of recyclable paper board packaging that would divert 31 million plastic bags from Canadian landfills each year. The bundle launched in Swiss Chalet restaurants in October 2021, and it is now offered at all of the company's sites.
  • In May 2022, SEE, ExxonMobil, and Ahold Delhaize USA have announced the first-ever advanced recycling collaboration in the United States. As part of this effort, flexible plastics from the food manufacturing process are recycled & converted into new, certified circular food-grade packaging. The advertising effort will begin this summer and gradually grow in size.
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Global Fresh Food Packaging Market size was valued at USD 136.05 billion in 2022 and is poised to grow from USD 142.85 billion in 2023 to USD 211.06 billion by 2031, at a CAGR 5.0% during the forecast period (2024-2031).

The market for fresh food packaging is very competitive, with numerous global and local competitors present. The market is fragmented, with a few important players dominating. To compete with current competitors, new players are continually producing innovative items and growing their presence in the local market. Major market participants are continually acquiring smaller market participants in order to enhance their share of the global fresh food packaging industry. 'Amcor plc', 'Sealed Air Corporation', 'Smurfit Kappa Group', 'DS Smith Plc', 'Tetra Pak International S.A.', 'Mondi Group', 'Berry Global Inc.', 'Coveris Holdings S.A.', 'Huhtamaki Oyj', 'Sonoco Products Company', 'Bemis Company, Inc.', 'Graphic Packaging Holding Company', 'Crown Holdings, Inc.', 'Constantia Flexibles Group GmbH', 'WestRock Company', 'AptarGroup, Inc.', 'Ball Corporation', 'Reynolds Group Holdings Limited', 'Silgan Holdings Inc.', 'Packaging Corporation of America (PCA)'

Increasing demand from end-use industries: Specialty silica finds applications across several industries, including automotive, electronics, construction, healthcare, and personal care. The growing demand for specialty silica in these industries, driven by factors such as rising urbanization, technological advancements, and changing consumer preferences, is a major driver for market growth.

Sustainable Packaging: The increasing focus on environmental sustainability has led to a prominent trend of using sustainable packaging materials and solutions in the fresh food packaging market. Biodegradable, compostable, and recyclable packaging options are gaining traction, driven by consumer preferences and regulatory requirements.

Asia Pacific dominated the specialty silica market, accounting for more than 40% of total revenue. Growing economic development in the region's emerging countries is expected to play a significant influence in increasing tire production. Furthermore, the coatings sector is expected to expand as a result of growing construction activity in the region. Product demand is driving leading market players to increase their manufacturing facilities. For example, Evonik Wynca (Zhenjiang) Silicon Material began operations in 2021, making it Evonik's first fumed silica facility in China. Evonik intends to position itself by establishing a worldwide supply chain for its Chinese and Asian customers.

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Global Fresh Food Packaging Market

Report ID: SQMIG15H2038

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