Produce Packaging Market 2022 Advancement and Precise Outlook - Amcor PLC, Berry Global, Inc, International Paper Company, Sonoco Products Company

Market Insights Reports has added new statistical data to its repository titled as, Global Produce Packaging Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Global Produce Packaging market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

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 Key Players in the Global 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 Update:

- 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 strengthening 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.
- Stand-up pouches and pillow pouch pouches are some of the most common types used globally and rising consumption of organic food will act as a catalyst for the growth in this segment primarily because Organic agricultural products need superior packaging for increasing their shelf-life.
- Also, increased small household sizes have contributed significantly to growing demand for small-sized flexible packaging of fresh produce. Most retailers currently, prefer smaller packages as they are perishables, occupies less shelf space and in stackable displays.

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.
- With increasing trends towards reducing food waste in the trend, produce industry is likely to adopt the packaging due to convenience that it gives to retailers by providing smaller portions and eliminating packaging costs at multiple levels.
- Further, another major driver for produce packaging is the organic food market in this region. According to FiBL survey in 2017, organic food revenue in highest in united states at EUR 40,011 million and Canada at EUR 3,002 million, making North America lead the distribution of retail sales value. This creates a huge demand for produce packaging in the region.

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This Global Produce Packaging Market report addresses:

– The Market size from 2016-2021

– Expected market growth until 2026

– Forecast of how market drivers, restraints, and future opportunities will affect

– Segment and regions that will drive or lead the market growth and why

– Comprehensive mapping of the competitive landscape

– In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about Global Produce Packaging market:

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We Also Offer Customization on report based on specific client Requirement:

– Free Country Level analysis for any 5 countries of your choice.

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–  Free 40 analyst hours to cover any other data point

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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