Global Fresh Food Packaging Market Size, Share, Trends Analysis & Forecast Report 2020-2027
Global Fresh Food Packaging market size was valued at USD 76.69 billion in 2019 and it is anticipated to reach a market size of USD 97.98 billion by 2027. The market is expected to attain growth at a CAGR of 3.2% between 2020 to 2027. The key driver responsible for such tremendous market growth are are are growing trend of online food ordering, due to the availability of various food delivery mobile applications. Moreover packaged Fresh Food offers an extended usage period, and therefore search packaged food is preferred among small families and individuals.
On the basis of material type, the Fresh Food packaging market has been segmented into polyethylene, polypropylene, aluminum, paper, BOPET, and PVC. Polypropylene is the largest material type used for manufacturing Fresh Food packaging. Polypropylene offers certain advantages such as tolerance towards humidity, water vapors, gases and adore. The propylene is high heat resistant and therefore is suitable for packaging hot food and for food that it needs to be cooked in the microwave and cleaned in the dishwasher.
The Global Fresh Food packaging market has been segmented based on packing type into Converted Roll Stock, Gusseted Bags, Flexible Paper, Corrugated Box, Boxboard, and Cans. The converted roll stock segment dominated the Global Fresh Food Packaging market in 2019. This is the most common type of packaging material used in the food packaging industry, it is available in various sizes and thickness depending on the type of food to be packaged. The converted roll stock packaging is beneficial as it offers a faster packaging rate and is easy to seal and print.
On the basis of application type, the Global Fresh Food packaging market has been segmented into meat products, vegetables, seafood, fruits, and others. The seafood and meat product segment dominated the Global Fresh Food Packaging market in 2019, packaging plays a very crucial role in keeping highly perishable food items such as meat and seafood fresh and odor-free. This is especially beneficial for the cities that are far from the ocean and need to import seafood from coastal areas.
Asia-pacific Fresh Food packaging market dominated the Global market in 2019, with a greater than 45% market share. The region is expected to continue the domination till 2027. The key factor responsible for this regional growth is a growing demand for packaged food due to Rapid urbanization and the increasing number of women employment which leads to growth in the consumption of packaged food in urban areas. The substantial growth in The E-Commerce industry especially in the food and grocery segment he is expected to boost the Asia-pacific Fresh Food packaging market growth over the forecast period.
Following is the list of top Fresh Food packaging companies in the world:
Fresh Food Packaging Market by Material
Fresh Food Packaging Market By Pack Type
Fresh Food Packaging Market By Application
Fresh Food Packaging Market By Region
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