Fresh Food Packaging Market Current Evaluation and Strategic Future Insights 2024 - 2031 | Crown Holdings Inc., Sealed Air Corporation

Market Overview:

The Global Fresh Food Packaging Market is estimated to be valued at USD 93.71 Bn in 2024 and is expected to reach USD 124.15 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.

Market Dynamics:

The fresh food packaging market is witnessing significant growth due to the rise in organic food consumption and increased focus on food preservation. Organic food sales have grown exponentially over the past few years as consumers are becoming increasingly health conscious and aware of the ill effects of chemicals used in conventional farming. According to data by the Organic Trade Association, U.S. sales of organic food reached over $62 billion in 2021, showing growth of around 15% compared to the previous year. This rise can be attributed to growing preference of organic over processed and packaged foods among millennials. Packaging plays a key role in maintaining freshness and quality of perishable organic foods and extending their shelf life.

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Fresh Food Packaging Market Driver 1: Growing Demand for Convenience Foods
The fast-paced lifestyles adopted by consumers across the globe have increased the demand for convenience foods that can be easily prepared and consumed. Fresh foods that are pre-washed, pre-cut, packaged and ready-to-eat have gained immense popularity. Packaging helps extend the shelf life of these convenience fresh foods. It protects the food from damage, contamination and spoilage during transportation and storage. The various types of innovative packaging such as modified atmosphere packaging and vacuum skin packaging allow fresh convenience foods to stay fresh for longer periods without refrigeration. This growing preference for convenience is expected to drive the demand for suitable fresh food packaging solutions in the coming years.

Opportunity: Growing Organic Food Market

The market for organic and sustainably produced foods is experiencing exponential growth globally due to shifting consumer preferences. People are willing to pay premium prices for fresh agricultural products that are chemical-free and ethically sourced. This bodes well for the fresh food packaging industry since organic foods require specialized solutions to communicate their unique qualities to customers. Effective and responsible packaging solutions help organic manufacturers establish their brand identity and proposition. It also protects the organic integrity of contents by preventing contamination and indicating authenticity. Packaging innovations aligned with organic values present lucrative opportunities for growth in the fresh food packaging sector.

Trends: Advancements in Active and Intelligent Packaging Technology

The fresh food packaging industry is witnessing significant advancements in active and intelligent packaging techniques. Intelligent packaging systems feature indicators to provide real-time information on food quality conditions like freshness, time and temperature abuse. While active packaging incorporates ingredients like antimicrobials, antioxidants, ethylene absorbers and gases to preserve quality and extend shelf-life during distribution cycles. These innovative solutions are transforming the supply chains and accessibility of perishables. As technologies evolve to become smarter and environmentally-friendly, their use in fresh food packaging will grow rapidly. Advanced digital printing, traceability features and interactive displays are some emerging areas of development driving new trends in the market.

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Top Companies Included in This Report:

• Crown Holdings Inc.
• Sealed Air Corporation
• Tetra Pak International
• Amcor Ltd.
• Rexam PLC
• Sonoco Products Company
• Graphic Packaging International LLC
• International Paper Company
• Ball Corporation
• Reynolds Group Holdings Ltd.
• WestRock Company
• Smurfit Kappa
• Coveris
• DuPont
• DS Smith PLC
• Mondi PLC
• Silgan Holdings Inc.
• Schur Flexibles
• Anchor Packaging Inc.
• Printpack Inc.

Market Segmentation:

Based on Product Type:

• By Material Type: Plastic, Paper & Paperboard, Glass, Metal, and Others
• By Packaging Type: Flexible Packaging, Rigid Packaging, Semi-Rigid Packaging, and Others

Based on Applications:

• By Application : Eggs, Meat and Seafood, Fruits and Vegetables, and Dairy Products

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)

» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

» South America (Brazil, Argentina, Rest of SA)

» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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