USD 37.47 billion
Report ID:
SQMIG15F2163 |
Region:
Global |
Published Date: March, 2024
Pages:
181
|Tables:
88
|Figures:
73
Produce Packaging Market size was valued at USD 39.01 Billion in 2023 and is poised to grow from USD 40.61 Billion in 2024 to USD 56.01 Billion by 2032, growing at a CAGR of 4.1% during the forecast period (2025-2032).
The global produce packaging industry has experienced steady growth over the past decade, as substrate choices change, expansion of new markets and ownership improvements Continued emphasis will be placed on sustainability and products with environmental emphasis, especially in developed countries, and the market has already seen a lot of growth.
Food packaging including fruits and vegetables has grown tremendously in the last few years. Food packaging can now do more than just keep food fresh to technology and innovation. In addition, eco-friendly materials used, interactive packaging and UV protection of food packaging can help for fruits and vegetables increasing consumer appeal, expanding food information, and extending the shelf life of fruits and vegetables are some of the most recent trends in food packaging.
Increasing urbanization, modernization and globalization are driving the packaging market value. Increasing all-channel transportation of food grains, vegetables and fruits, packaging capabilities in research processes and development of flexible packaging solutions will provide produce packaging market value has risen again. Increased R&D activity, increased awareness of the availability of environmentally friendly packaging solutions, increased demand for convenience foods due to changes in lifestyle and in new consumption hence, increasing technological advancement in packaging and technology, e-commerce. Growth of companies and increasing concern of consumers about contamination and food safety are other factors that drive packaging the goods market shares the growth.
Global Market Size
USD 37.47 billion
Largest Segment
Fruit
Fastest Growth
Growth Rate
4.1% CAGR
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The produce packaging market is segmented on the basis of material into plastic, paper and paperboards and others. On the basis of material, the market is divided into plastic, paper and paperboards and others. On the basis of packaging type, the market is divided into corrugated boxes, bags and liners, plastic containers, and Others. On the basis of application, the market is divided into fruits and vegetables. Region-wise, the global market analysis is conducted across North America, Europe, Asia-Pacific, and LAMEA.
Analysis by Application
The food grain segment is the dominating segment, the demand for food grains packaging is driven by factors like convenience, shelf-life extension, and protection against external elements. As more consumers seek packaged and ready-to-use food products, there's a growing need for efficient and sustainable packaging solutions.
The fruit segment is the fastest growing segment which requires packaging that protects them from physical damage, bruising, and external contaminants. Packaging should also allow for proper ventilation to maintain freshness and prevent spoilage. Packaging materials for fruits need to strike a balance between protection and breathability.
Analysis by Material
The plastics segment is the fastest growing segment and will witness significant revenue growth by 2022, driven by the increasing need for packaging materials that can survive in harsh environments and involve the use of high-temperature non-degradable plastics for preservation purposes on the nature of fresh things.
The paper segment of the produce packaging market plays an important role in the produce packaging market and plays an important role in addressing sustainability concerns, providing effective protection of raw materials, and branding and marketing rights. As demand for environmentally friendly packaging increases, paper is likely to play a new role in this market.
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The North America region is expected to dominate the global packaging market during the forecast period owing to the high adoption of flexible packaging solutions by various industries. North America has achieved higher volume due to increased investment in R&D for new product development. On the other handful factors manage higher packaging market share in developed countries development such as the US. and within Canada are stringent regulations established by regulatory agencies for food safety.
Asia Pacific will have the highest growth rate due to increasing manufacturing volumes, growth and expansion of various end-user verticals, rapid technological advancement and increasing disposable income of individuals. Asia Pacific has the largest share of Size in the packaging industry. Then comes North America and then Europe in third place. Asia-Pacific is expected to hold the leading position by 2025. The most important factors for the dominance of this region are the increasing volume of fresh fruits and vegetables produced in this region Countries such as India and China and they contribute greatly to the production of new crops. The demand is also expected to increase further during the forecast period.
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Drivers
Bamboo Boxes as Packaging Material Evidence a Specialized Market Application
Rising Increasing Consumption of Organic Processed Foods
Restraints
Strict Regulations
Seasonal Differences
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The competitive environment of the global Produce Packaging market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Increasing demand for fruit and vegetable packaging is expected to drive the growth of the global produce packaging market in the food industry. Aluminum, bio-based polyethylene, polypropylene, paperboard and thin PET are used mostly in bottles and bottles. They are recyclable and obviously sustainable when they are made from bio-based polymers. They are suitable for by-products such as fruits and vegetables. Moreover, packaging has become an integral part of our daily lives. Packaging should protect foods from outside influences and damage while enhancing freshness and palatability. It is expected that features that help in reducing waste, also help in preserving profitability of products, contribute to delay in storage, improve the quality and maintenance of new products will provide lucrative opportunities for packaging market growth. Over the past few years, the global produce packaging market has experienced moderate growth and expansion. Various factors will affect the growth of the market, such as increasing production of fresh produce, increasing awareness among the global population on healthy lifestyle and people recognizing the benefits of organic fruits and vegetables.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 39.01 Billion |
Market size value in 2032 | USD 56.01 Billion |
Growth Rate | 4.1% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Produce Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Produce Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Produce Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Produce Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15F2163
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