Market Size of Produce Packaging Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 37.75 Billion |
| Market Size (2029) | USD 46.20 Billion |
| CAGR (2024 - 2029) | 4.12 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Produce Packaging Market Analysis
The Produce Packaging Market size is estimated at USD 37.75 billion in 2024, and is expected to reach USD 46.20 billion by 2029, growing at a CAGR of 4.12% during the forecast period (2024-2029).
The demand for whole and fresh-cut produce is projected to grow as consumers continue to seek healthy food.
The worldwide packaging business has witnessed constant growth over the last decade, owing to changes in substrate choice, expansion of new markets, and shifting ownership dynamics. Sustainability and environmental issues will continue to be highlighted, especially in developed nations, and the market is already seeing several developments catering to paper and plastic packaging.
In the last few years, food packaging that include fruits and vegetables has advanced significantly. Food packaging can now do more than merely maintain food freshness owing to innovative technology and materials. In addition, it can help make fruits and vegetables more appealing to consumers, convey information about the food, and help fruits and vegetables have a longer shelf life. The use of eco-friendly materials, interactive packaging, and packaging that shields food from UV rays are some of the most recent trends in food packaging.
The utilization of suitable packaging is critical in order to obtain optimal shelf-life and minimize physical damage to Fresh produce. The most common type of packaging used for producing packaging is cardboard. However, most of the product requires additional internal packaging such as tissue wrapping, cups, pads, and many more.
Many researchers have researched to improve fresh produce's shelf life by utilizing corrugated packaging. For instance, in February 2020, Researchers at the Food Storage and Logistics Research Center, Southwest University, Chongqing, China, conducted research on a new corrugated box that controlled the release of Chlorine Dioxide for the preservation of strawberries and concluded that a well-designed coated corrugated box with the advantages of safety, effectiveness, and feasibility, has great potential to be used as fresh-keeping packaging of fresh fruits and vegetables.
As a result of the COVID-19 pandemic, consumer behavior has changed substantially. Buyers are more concerned than ever before about products' hygiene, disability, and sustainability. The shoppers' evolving needs and a consumer-focused approach will remain crucial as this crisis continues. Consumer behavior will undoubtedly continue to change in the forecast period as the market simultaneously acclimates more to the current scenario. Thus, the post-COVID future for produce packaging looks promising in terms of demand.
