The global fresh food packaging market size is expected to be worth around US$ 186.7 billion by 2030, according to a new report by Vision Research Reports.
The global fresh food packaging market size was valued at US$ 126.4 billion in 2020 and is anticipated to grow at a CAGR of 6.05% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 186.7 billion by 2030 |
| Growth Rate | CAGR of 6.05% From 2021 to 2030 |
| Base Year | 2021 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Packaging type, Material, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Amcor plc; DS Smith Plc; Mondi; Coveris; FLAIR Flexible Packaging Corporation; PPC Flexible Packaging LLC; Flex-Pack; Transcontinental Inc; FFP Packaging Ltd; Sealed Air; GRUPO LANTERO; INFIA srl; Sonoco Products Company; Huhtamaki, CLONDALKIN GROUP, Clifton Packaging Group Limited; ProAmpac; Genpak, LLC; Pro-Pac Packaging Limited; WINPAK LTD. |
Growth Factors
Increasing demand for fresh dairy products from developing countries is expected to be the key driver for the market over the forecast period.
The industry has experienced a significant impact of the COVID-19 pandemic owing to the disruption of the supply chain. The shutdown in China, which is one of the key raw material producers, has impacted packaging manufacturers globally. The shortage in supply of raw materials like plastics, aluminum, steel, and others from Chinese manufacturers has resulted in a demand-supply gap, however, the manufacturing is expected to ramp up the production gradually. The increasing demand for eco-friendly packaging solutions has forced various companies to develop products that are recyclable or biodegradable. For instance, in November 2020, Amcor plc introduced a new product line, Packpyrus, which is a paper-based packaging solution for meat and cheese. Similarly, in September 2019, PPC Flexible Packaging LLC launched PPC green products, which include compostable and recyclable pouches to strengthen its sustainable eco-friendly product portfolio
Key Players
Market Segmentation
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