Produce Packaging Market growth is likely to surge at a vigorous 4.1% CAGR during the assessment period 2022-2031

According to the report by Future Market Insights, the global produce packaging market will register a moderate CAGR during the forecast period. The overall sales in the market is expected to surpass US$ 33 Bn by 2021.

Increasing awareness regarding the healthy food products and growing incidence of food-borne illnesses are propelling the demand for fresh food products. Coupled with this, growing consumption of meat-free and gluten-free food products will create a conducive environment for sales.

The growing environmental concerns and stringent government regulations regarding the use of plastic have improved the demand for sustainable paperboard and corrugated boxes for produce packaging. In order to capitalize on this trend, key companies are focusing on developing sustainable and innovative produce packaging solutions.

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For instance, in September 2021, Jujo Thermal announced the launch of Shieldplus, a game-changing recyclable fiber-based barrier material for food produce packaging. These products provide a sustainable solution for packaging of dry, moist and fatty foods, which also has excellent barrier properties to protect the contents and to maintain their quality.

A plethora of such developments will aid the growth in the produce packaging market over the coming years. Against this backdrop, FMI estimates, the global produce packaging market is poised to expand at 4.4% CAGR between 2021 and 2031.

Key Takeaways from FMI's Produce Packaging Market Study

In terms of packaging type, plastic containers are projected to exhibit fastest growth through 2021
Re-packers end-use segment will account for nearly 50% of global market share through 2031
China and Japan are identified as the key producers and exporters in the global produce packaging market
South Korea produce packaging market represented nearly 7% of sales in global market between 2020 and 2021
"Key players in produce packaging market are collaborating with e-commerce food stores and local retail stores to gain competitive edge. In order to gain competitive edge, market players are focusing on developing compact and sustainable produce packaging solutions, which also meet the requirement from retail stores," says the FMI analyst.

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Competitive Landscape

As per Future Market Insights,

Mondi Group,
Amcor PLC,
Berry Global Inc., and
Ball Corporation
are identified as the top 4 players in produce packaging market. These players are expected to contribute around 8%-10% of global market revenue in 2021.

Key companies operating in produce packaging market are focusing on sustainability and introducing recyclable and eco-friendly packaging to attract consumers. Also, some of the players are introducing new launches to strengthen their global footprints.

Produce Packaging Market by Category

Application:

Food Grains
Vegetables
Fruits
End User Type:

Growers/Shippers
Re-packers
Retail Stores
Packaging Type:

Corrugated Boxes
Bags & Liners
Plastic Containers (Cups, Tubs, Bowls etc.)
Trays
Other Packaging (Plastic Film, Molded Pulp Containers, Wooden Crates etc.)
Region:

North America
Latin America
Europe
Asia Pacific excluding Japan (APEJ)
Middle East & Africa
Japan
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Table of Content

1. Global Produce Packaging Market - Executive Summary

2. Global Produce Packaging Market Overview

2.1. Introduction

2.1.1. Global Produce Packaging Market Taxonomy

2.1.2. Global Produce Packaging Market Definition

2.2. Global Produce Packaging Market Size (US$ Mn) and Forecast, 2021-2031

2.2.1. Global Produce Packaging Market Y-o-Y Growth

2.3. Global Produce Packaging Market Dynamics

2.4. Supply Chain

2.5. Cost Structure

2.6. Pricing Analysis

2.7. Raw Material Sourcing Strategy and Analysis

2.8. List of Distributors

2.9. Key Participants Market Presence (Intensity Map) By Region

3. Global Produce Packaging Market Analysis and Forecast By Packaging Type

3.1. Global Produce Packaging Market Size and Forecast By Packaging Type, 2021-2031

3.1.1. Corrugated Boxes Market Size and Forecast, 2021-2031

3.1.1.1. Revenue (US$ Mn) Comparison, By Region

3.1.1.2. Market Share Comparison, By Region

3.1.1.3. Y-o-Y growth Comparison, By Region

3.1.2. Bags & Liners Market Size and Forecast, 2021-2031

3.1.2.1. Revenue (US$ Mn) Comparison, By Region

3.1.2.2. Market Share Comparison, By Region

3.1.2.3. Y-o-Y growth Comparison, By Region

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.