Produce Packaging Market 2022 Strategic Forecasting – Precise Outlook By 2026
The produce packaging market was valued at USD 31.15 billion in 2020 and is expected to reach USD 37.63 billion by 2026, at a CAGR of 3.10% over the forecast period 2021 – 2026.
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Top Leading Companies of Produce Packaging Market are - Amcor PLC, Berry Global, Inc, International Paper Company, Sonoco Products Company, Reynolds Group Holdings Limited (Pactiv), WestRock Company, Mondi PLC, Sealed Air Corporation, Smurfit Kappa Group, Coveris Holding S.A and others.
Industry News and Updates:
- June 2019 - Amcor acquired Bemis Company Inc, which has provided Amcor with an extensive range of flexible packaging to expand its footprint across America region.
- November 2018 - WestRock Company acquired KapStone Paper and Packaging to increase corrugated business by strenghthening West Coast of the United States access and adds attractive paper grades and distribution capabilities to its portfolio.
Key Market Trends:
Bags and Pouches as Packaging Material Type to Witness a Significant Share in the Market
- Increasing health consciousness and awareness regarding benefits of fresh food consumption are motivating growers to opt for produce packaging with a longer shelf life. Therefore, rising demand for better shelf life products across countries such as the United States is driving the market growth.
- Plastic pouch's ability to enable co-polymerization, and the addition of plasticizers, blowing agents, antibacterial additives, and color-changing additives are also fueling the growth of the studied segment.
North America to Record a Significant Share in the Market
- The region expects a significant share in the market due to trends like, increased packaging of unpackaged produce items such as apples, pears, sweet potatoes and growing demand for cut and shredded produce that deploys convenience packaging.
- Moreover, united states export value of fresh vegetables in 2018 stood at USD 2,160 million according to USDA and Export & Import value for fresh fruit, nuts and vegetables and pulse crops together in Canada accounted to 542.5 million & 703.4 million respectively, as per latest data released by Statistics Canada. Such increased activity in the region is leading to increased adoption of produce packaging.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Produce Packaging Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Produce Packaging Market (%),2016 - 2026
- Produce Packaging Market Share, By Brand
- Produce Packaging Market Share, By Company
- Produce Packaging Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Produce Packaging Market Value Analysis & Forecast
- Promising Produce Packaging Development by Major Companies
- Detailed Produce Packaging Portfolio of the Major Companies
- Major Deals in the Produce Packaging Market
- Major Companies Analysis
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