Global Produce Packaging Market to Reach $53.8 Billion by 2031, Growing at 4.1% CAGR

Allied Market Research has released a detailed report titled, "Produce Packaging Market by Material (Plastic, Paper and Paperboard, Others), Packaging Type (Corrugated Boxes, Bags and Liners, Plastic Containers, Trays, Others), and Application (Fruits, Vegetables): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global produce packaging market generated $35.6 billion in 2021 and is expected to reach $53.8 billion by 2031, growing at a CAGR of 4.1% from 2022 to 2031.

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Key Growth Drivers

The growth of the produce packaging market is supported by factors such as population growth, rising disposable income, lifestyle changes, and a decrease in household numbers. In addition, increasing demand for packaged fruits and vegetables is creating new opportunities. However, the high cost of packaging solutions continues to restrict market expansion.

Impact of COVID-19

The COVID-19 pandemic negatively affected the produce packaging market due to lockdowns in countries like China, the U.S., and India. Production stoppages, labor shortages, and limited availability of raw materials constrained the supply of fresh produce, impacting sales. With the introduction of vaccines, production resumed in 2021, helping the market recover.

Material Insights

Plastic: Leading the market in 2021 with nearly 40% share, plastic packaging remains dominant due to its durability in extreme conditions and ability to preserve fresh produce.

Paper and Paperboard: Expected to exhibit the highest CAGR of 4.6%, thanks to growing preference for sustainable and recyclable packaging materials.

Packaging Type Insights

Corrugated Boxes: Held the largest market share in 2021, around 25%, due to their lightweight, recyclable, and biodegradable properties. Other packaging types such as bags and liners, plastic containers, and trays were also analyzed.

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Application Insights

Vegetables: Represented the largest share in 2021, accounting for over 50% of the market, as packaging protects produce from external damage and spoilage.

Fruits: Projected to record the highest CAGR of 4.3%, driven by rising consumer preference for organic and fresh fruits, vegetables, plant-based meats, and grains.

Regional Insights

Asia-Pacific: Dominated the market in 2021 with over one-third of global revenue, and is expected to maintain leadership through 2031. The region is set to achieve the fastest CAGR of 4.4%, fueled by increasing consumer spending, urbanization, rising disposable income, and greater consumption of fresh produce.

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Leading Players

Key companies in the global produce packaging market include:

Pactiv Evergreen Inc.

Amcor PLC

Mondi Group

Georgia Pacific LLC

WestRock Company

Sealed Air Corporation

Smurfit Kappa Group PLC

International Paper Company

DS Smith Plc

Berry Global Group, Inc.

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