With a CAGR of 4.1% Produce Packaging Industry Is Expected to Reach $53.8 Billion by 2031

According to a new report published by Allied Market Research, titled, "Produce Packaging Market," The produce packaging market size was valued at $35.6 billion in 2021, and is estimated to reach $53.8 billion by 2031, growing at a CAGR of 4.1% from 2022 to 2031.

Produce packaging includes various types of packaging materials such as plastic containers, cardboard boxes, bags and liners, trays, etc. Produce packaging has many advantages over fresh produce, including protection from physical damage, avoidance of contamination, labeling, improved shelf life, and reduced food waste.

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The demand for fresh and healthy produce has increased dramatically over the past few years, and this has resulted in the increased usage of packaging materials. The increasing demand for convenience and safety has also added to the growth of the market. Consumers are more attracted to products with attractive packaging, and they are willing to pay more for them.

Key drivers of the market include the rising demand for convenience and safety, the increasing demand for fresh produce, and the growing demand for eco-friendly packaging materials. The increasing trend of online grocery shopping has also been a major driving factor for the growth of the market. The need for advanced packaging technologies to maintain the freshness and quality of the produce is also driving the demand for innovative packaging solutions.

The major players in the global produce packaging market include Bemis Company, Inc., Amcor Limited, Sealed Air Corporation, and Mondi Group. These companies are investing heavily in research and development for the development of innovative packaging solutions. They are also focusing on increasing their presence in the global market through strategic partnerships and collaborations.

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The produce packaging market is highly competitive, and companies are introducing various new technologies and products to gain a competitive edge. For instance, Bemis Company has developed an innovative packaging solution called FreshFit, which is designed to maintain the freshness of produce for longer periods of time. The company is also focusing on expanding its presence in the global market through strategic partnerships.

The produce packaging market is expected to grow significantly in the coming years owing to the growing demand for convenience and safety, the increasing demand for fresh produce, and the growing demand for eco-friendly packaging materials. The increasing trend of online grocery shopping has also been a major driving factor for the growth of the market. Companies are investing heavily in research and development for the development of innovative packaging solutions. Additionally, the introduction of new technologies and products is expected to drive the market further.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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