Fresh Food Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Fresh Food Packaging Market Share & Companies and it is segmented by type of material (plastic, metal, glass, and paper and paperboard), packaging type (cans, converted roll stock, gusseted bags, and box-board), application (poultry and meat products, dairy products, and fruits and vegetables), and geography.

Fresh Food Packaging Market Size

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Fresh Food Packaging Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.50 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Fresh Food Packaging Market

*Disclaimer: Major Players sorted in no particular order

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Fresh Food Packaging Market Analysis

The fresh food packaging market has registered a CAGR of 6.50% in the forecast period 2021-2026. Nanotechnology, which represents the discipline of tiny materials, is ready to play a significant role in food manufacturing and packaging. Nanostructured materials are used as antimicrobial thin films, oxygen hunters, and gas-permeable composites. At the same time, nanocomposite films are employed to remove dirty air, for example, they remove carbon dioxide from food packages, so that the freshness of food can be observed by the people during its storing or conveyance.

  • Fresh food packaging is a packaging technique to prevent food from a change of state or contamination from physical, chemical, and biological sources. This helps in longer storage of the product. Affordable, convenient, and sustainable packaging materials, such as PET, paper, aluminum, and polyvinyl chloride, are experiencing increasing demand from customers, which, in turn, is increasing the packaging rate of poultry and meat products, fruits and vegetables, and dairy products.
  • New packaging technologies, such as active packaging, intelligent packaging, and engineering science, have evolved over the years, which enables flexible packaging of fresh food products. Companies are adopting eco-friendly packaging by using biodegradable packaging materials, which can be recycled, renewed, and reused.

Fresh Food Packaging Market Trends

This section covers the major market trends shaping the Fresh Food Packaging Market according to our research experts:

Increasing Demand for Extended Shelf Life of Products is Expected to Drive the Market Growth

  • After packaging, it takes time for packaged food to reach consumers worldwide. Thus, the packaged food may not be fresh and might lose its aroma and taste before reaching the consumer. The threat of food being spoilt before reaching the consumer is increasing, which would, in turn, result in a loss of the capital invested in the packaging.
  • As an attempt to overcome this challenge, food processing industries are investing in technologies and various new packaging techniques, such as intelligent packaging and engineering science, which help in increasing the shelf life of the product. Moreover, organizations are focusing on consumer satisfaction, apart from revenues, as it impacts the image and value in the market.
  • Increasing health consciousness and awareness regarding consuming fresh food are influencing consumers to opt for packaged products with longer shelf life. Therefore, rising demand for products with better shelf life across countries, such as the United States, is driving the market growth.
Fresh Food Packaging Market: Revenue of Food Packaging Market, in USD billion, United States, 2012 - 2022

Asia-Pacific to be the Fastest Growing Market

  • Asia-Pacific has experienced positive growth in the fresh food packaging market and is estimated to witness significant growth, over the forecast period. There has been an increase in the disposable income of consumers in the region, which increased the standard of living in the region.
  • The rising urban population in India and China is increasing the demand for fresh food packaging in this region. India and China together contributed over 70% of the total share from Asia-Pacific region, in 2018.
  • The increasing exports of fruits and vegetables in Asia-Pacific is boosting the market growth. The global imports of fruit and vegetables have increased by 17.6%, imports of fruits and vegetables in the Asia-Pacific region increased by a remarkable 51.6%.
  • Moreover, in a country, such as India, the increasing demand for online food ordering is increasing the usage of packaged food boxes, which is, in turn, is positively impacting the fresh food packaging market.
Fresh Food Packaging Market - Growth Rate by Region (2019 - 2024)

Fresh Food Packaging Industry Overview

The fresh food packaging market is fragmented. Due to the increasing demand for packaging products, many players are entering the market, thereby, making it competitive.Some of the key players includeCoveris Holdings SA, Amcor Limited,E. I. du Pont de Nemours and Company, Smurfit Kappa Group,International Paper Company,Sonoco Products,ITC Limited,Mondi Limited, and Bemis Company Inc., among others.

  • May 2019 -Sealed Air Corporation signed a definitive agreement to acquire Automated Packaging SystemsInc., a leading manufacturer of high-reliability, automated bagging systems, for a purchase price of USD 510 million on a cash and debt-free basis.
  • April 2019 -Amcorlaunched Amite Ultra Recyclable, its first packaging product made from the company’s revolutionary, more sustainable high-barrier polyolefin film. It canreduce a pack’s carbon footprint by up to 64%.

Fresh Food Packaging Market Leaders

  1. Amcor PLC

  2. DuPont de Nemours Inc.

  3. Smurfit Kappa Group

  4. Mondi PLC

  5. Sonoco Products Co.

*Disclaimer: Major Players sorted in no particular order

Fresh Food Packaging Market Concentration
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Fresh Food Packaging Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Demand for Extended Shelf Life of the Products

      2. 4.2.2 Increasing Demand for Convenience Food

    3. 4.3 Market Restraints

      1. 4.3.1 Increasing Prices of Raw Materials

      2. 4.3.2 Stringent Government Regulations

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Bargaining Power of Suppliers

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type of Material

      1. 5.1.1 Plastic

      2. 5.1.2 Metal

      3. 5.1.3 Glass

      4. 5.1.4 Paper and Paperboard

    2. 5.2 By Packaging Type

      1. 5.2.1 Cans

      2. 5.2.2 Converted Roll Stock

      3. 5.2.3 Gusseted Box

      4. 5.2.4 Corrugated Box

      5. 5.2.5 Boxboard

      6. 5.2.6 Other Packaging Types

    3. 5.3 By Application

      1. 5.3.1 Poultry and Meat Products

      2. 5.3.2 Dairy Products

      3. 5.3.3 Vegetables and Fruits

      4. 5.3.4 Sea Food

      5. 5.3.5 Other Applications

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 Latin America

      5. 5.4.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Amcor PLC

      2. 6.1.2 E. I. du Pont de Nemours and Company

      3. 6.1.3 Smurfit Kappa Group

      4. 6.1.4 Mondi PLC

      5. 6.1.5 International Paper Company

      6. 6.1.6 Sonoco Products Co.

      7. 6.1.7 Schur Flexibles Group

      8. 6.1.8 Anchor Packaging Inc.

      9. 6.1.9 ITC Limited

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Fresh Food Packaging Industry Segmentation

Fresh food packaging provides protection and safety and provides resistance from microorganisms and bacteria. Moreover, the food enclosed in the package needs to be safeguarded from other conditions, such as vibration, compression, and temperature, among others. Major packaging materials manufacturers like paper, plastic, glass, and metal manufacturers, are producing healthy and convenient products, in order to not compromise the quality of food.

By Type of Material
Plastic
Metal
Glass
Paper and Paperboard
By Packaging Type
Cans
Converted Roll Stock
Gusseted Box
Corrugated Box
Boxboard
Other Packaging Types
By Application
Poultry and Meat Products
Dairy Products
Vegetables and Fruits
Sea Food
Other Applications
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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Fresh Food Packaging Market Research FAQs

The Fresh Food Packaging Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)

Amcor PLC, DuPont de Nemours Inc., Smurfit Kappa Group, Mondi PLC and Sonoco Products Co. are the major companies operating in the Fresh Food Packaging Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Fresh Food Packaging Market.

The report covers the Fresh Food Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Fresh Food Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Fresh Food Packaging Industry Report

Statistics for the 2023 Fresh Food Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Fresh Food Packaging analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Fresh Food Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)