Press release
CAGR 3.15% Growth Forecasted in Fresh Food Packaging Market by 2026 | A report by Amcor Limited, Mondi, Coveris, Smurfit Kappa, DuPont and others
The fresh food packaging report further contains the SWOT analysis for the fresh food packaging market which ascertains the market driver and restraints. The fresh food packaging market report estimates the CAGR levels for the forecast years 2019 to 2026.
Market Analysis:
Global fresh food packaging market is buyer-oriented, and hence with the rising demand for fresh food, and their extended shelf-life the market is expected to be on the rise. Global fresh food packaging market is expected to register a CAGR of 3.15% in the forecast period of 2019-2026 and achieve an estimated value of USD 112.62 billion by 2026 from its initial estimated value of USD 87.87 billion in 2018.
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Fresh Food Packaging Major Market Competitors:
• Amcor Limited
• Mondi
• Coveris
• Smurfit Kappa
• DuPont
• International Paper
• DS Smith
• Silgan Holdings Inc.
• WestRock Company
• Sealed Air
• Ultimate Packaging Ltd.
• Temkin International Inc.
Greenyard, Berry Global Inc., Packaging Corporation of America, Sonoco Products Company, American Packaging Corporation, Jabil Inc., ITC Limited, Innovia Films, Graham Packaging Company, BASF SE, Ampacet Corporation, Printpack, Bomarko Inc., Graphic Packaging International LLC, Schur Flexibles Holding GesmbH, and Klöckner Pentaplast among others.
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Market Segmentation:
By Package Material
• Polyethylene
• Polypropylene
• Paper
• Aluminium
• BOPET (biaxially-oriented polyethylene terephthalate)
• Poly-vinyl Chloride
• Others (Glass, Wood, and Textiles)
By Pack Type
• Flexible Pack
• Converted Roll Stock
• Gusseted Bags
• Flexible Paper
• Corrugated Box
• Boxboard
• Cans
• Others (Stand-up Pouches, and Wicketed Bags)
By Application
• Meat & Meat Products
• Vegetables
• Seafood
• Fruits
Geography
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Market drivers & restraint:
•Rising demand for fresh packaged and labeled food with no tampering to the products has led to a significant rise in the market of Global Fresh Food Packaging Market
•Growing awareness amongst the people about the products they are consuming and the effects that they have on the environment has led to a significant rise for the market
•Increase in disposable income of the world has led to a rise in the demand for better quality, fresh food products which bodes well for the future of the industry
•The rise in counterfeit packaging and products in the market has hindered the market growth
•The waste disposal system of the manufacturers during the production and packaging process has led to an overhaul of government regulations for the product and has halted the market growth
•Cheap local products and their supply has taken a major market share of the Global Fresh Food Packaging Market thereby reducing the growth of the Industry
Competitive Analysis:
Global fresh food packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fresh food packaging market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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