Produce Packaging Market Report 2024: Strategies And Recent Developments | Amcor plc, Bemis Company Inc., Berry Global Inc., International Paper Inc., Mondi Group PLC

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2664

The Business Research Company offers in-depth market insights through Produce Packaging Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The produce packaging market size has grown strongly in recent years. It will grow from $33.87 billion in 2023 to $35.83 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to growth in agriculture and fresh produce industries, demand for efficient and sustainable packaging, expansion of global supply chains, development of protective and shelf-life-extending packaging, regulatory standards for food safety and labeling..

The produce packaging market size is expected to see strong growth in the next few years. It will grow to $45.53 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to adoption of blockchain and traceability solutions, customized packaging solutions for specific fruits and vegetables, growth in e-commerce and direct-to-consumer models, innovation in smart and iot-enabled packaging, increased use in organic and specialty produce, expansion in urban farming and vertical agriculture.. Major trends in the forecast period include smart and freshness-monitoring produce packaging, regulatory compliance in food safety and sustainability, biodegradable and compostable packaging materials, personalized packaging for specific consumer preferences, transparency and traceability in the supply chain..

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Market Segmentation:
The main types of produce packaging are corrugated boxes, bags and liners, plastic containers (cups, tubs, bowls), trays, and other packaging. The corrugated box market refers to a type of material used for packaging foodstuffs, especially fresh produce that needs cushioning, ventilation, strength, moisture resistance, and protection. Corrugated boxes are made up of a few layers of material rather than just a single sheet like cardboard. The various applications include food grains, vegetables, and fruits that are used by end-users such as growers, shippers, re-packers, and retail stores.

Major Driver - Organic Fresh Produce Preference Fuels Growth In The Produce Packaging Market
Rising consumer preference for organic fresh produce is expected to propel the growth of the produce packaging market going forward. Organic food is grown without the use of synthetic chemicals, such as pesticides and fertilizers, made by humans and does not include genetically modified organisms (GMO). Higher consumption of organic fresh produce has resulted from increased awareness of the benefits of organic and natural food products. For instance, according to the survey conducted by CUTS International and India-based consumer unity & trust society in January 2021 to understand consumer behavior towards organic foods, 89% of the total surveyed consumers switched over to organic consumption mode. Of those, 90% of consumers have felt a change in their overall health status and will continue to consume organic foods. Therefore, rising consumer preference for organic fresh produce is driving the growth of the produce packaging market.

Competitive Landscape:
Major companies operating in the produce packaging market include Amcor plc, Bemis Company Inc., Berry Global Inc., International Paper Inc., Mondi Group PLC, Sealed Air Corporation, Smurfit Kappa Group, Sonoco Products Company, WestRock Company, DS Smith PLC, Coveris Holdings S.A., Reynolds Group Holdings Limited, Ardagh Group S.A., BALL CORPORATION, BASF SE, Cascades Inc., Tetra Laval Group, Corteva Agriscience, Produce Packaging Inc., Evergreen Packaging LLC, Genpack LLC, Gerresheimer AG, Huhtamaki Oyj, KapStone Paper and Packaging Corporation, Packaging Corporation of America, Pactiv Evergreen Inc., RockTenn Company, Silgan Holdings Inc., Sabert Corporation

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Top Trend - Blockchain-Enabled Produce Packaging Enhancing Transparency And Quality Assurance
Blockchain produce packaging is a key trend gaining popularity in the produce packaging market. Blockchain is a data storage method that makes system updates, hacks, and fraud extremely difficult or impossible. Blockchain allows customers and businesses to track products directly from their place of origin. It gives quick and easy access to information with something as simple as a QR code on a package. This smart feature has enhanced transparency and quality assurance for customers, because of which many companies have already adopted blockchain for the same. For instance, Nestlé, a Switzerland-based food company, introduced an on-pack QR code for the Swedish coffee brand Zogas in 2020. Consumers have access to data about coffee farmers, harvest times, roasting times, and shipping certificates, dating back to the origin of the coffee. These are done through the blockchain technology platform of US food technology company IBM FoodTrust. The innovation in this package appeals to the ethical cohort of coffee drinkers who value sustainability.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Produce Packaging Market Characteristics
3. Produce Packaging Market Trends And Strategies
4. Produce Packaging Market - Macro Economic Scenario
5. Produce Packaging Market Size And Growth
…..
27. Produce Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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