Produce Packaging Market Exclusive insight on Transformation 2031

Produce Packaging Market - An Overview

The global produce packaging market is expected to witness strong growth during the forecast period between 2021 and 2031.

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Produce packaging comprises different packaging materials such as corrugated boxes, plastic containers, trays, and bags and pouches. Produce packaging offers different advantages such as physical damage protection, increased shelf life, helps decrease food wastage, and reduces the chances of contamination.

COVID-19 pandemic boosted the growth in global produce packaging market. Rising cases led to governments imposing strict regulations and lockdowns in a bid to contain the spread of the virus.

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This led to temporary or permanent shutting down of offline distribution channels such as hypermarkets and supermarkets. However, that led to consumers opting to purchase packaged food products from online distribution channels such as e-commerce websites, thereby fueling the demand for produce packaging solutions and assisting in market growth.

It is anticipated that during the post-pandemic phase, online distribution channels will continue to make significant contribution to growth of global market.

Produce Packaging Market - Trends and Opportunities

Rising demand for meat and gluten-free products is the key growth driver for global produce packaging market.

Also, increasing customer demand for organic food products could help trigger the demand for produce packaging and help create revenue-generating opportunities for prominent players, in the coming years.

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In addition to this, increasing demand for plant-based food products among consumers could fuel the demand for produce packaging, in the years ahead.

Innovations to existing produce packaging solutions could lead to increased demand and augment the growth in overall produce packaging market, in years to come.

Rapid urbanization and rising disposable income could also contribute to growth of global produce packaging market, in future.

Corrugated boxes packaging material segment is expected to emerge as largest contributor, in terms of revenue, to overall market because of increasing demand as an alternative for plastic packaging in leading economies globally.

Produce Packaging Market - Competitive Landscape
The global produce packaging market is extremely competitive, with the presence of several prominent players. Many of these players are expected to hold a large share in overall market, in future.

Launch of novel produce packaging solutions could help create revenue-generating opportunities for leading players and assist in gaining a competitive edge over other players.

Mondi Group, in July 2022, announced the launch of new corrugated packaging solution that has proven beneficial in offering protection for fresh food products.

R&D undertakings could be key, revenue-generating growth strategy for well-established players in future.

Signing collaborative agreements with smaller players could help prominent produce packaging market players in expanding their market presence and in increasing their revenue shares.

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Some of the leading players in global produce packaging market include Amcor PLC, International Paper Company, Sonoco Products Company, and Mondi PLC.

Produce Packaging Market - Regional Assessment
The global produce packaging market is divided into five regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Asia Pacific is expected to be the dominant region in global produce packaging market in future because of increasing demand for fruits and vegetables among consumers residing in countries such as India and China.

North America is projected to witness significant growth in global produce packaging market because of increasing demand for environment-friendly and sustainable packaging solutions among consumers residing in countries such as the U.S and Canada.

Europe is anticipated to witness strong growth in global market in future due to growing consumer awareness about advantages of consuming organic food products in countries such as Italy and Germany.

Other regions of the world such as Latin America and Middle East and Africa are expected to witness moderate growth in global produce packaging market, in the coming years.

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