The forecast years 2019 to 2026 will be great for Fresh Food Packaging market. This report covers the market definition, classifications, applications and engagements. The report also takes the help of SWOT analysis which is very helpful in providing the market’s restrains and drivers. The report includes the prophecy, Analysis and discussion of current and forthcoming industry facts, market dimensions, market share evaluations and profiles of the key industry vendors.
The reports main objective is to show how the Fresh Food Packaging market is increasing, by providing with a keen understanding of the market’s status on the recent developments, product launches, joint ventures, merges and accusations by the key market players and brands that are driving the market and the Packaging industry.
Global fresh food packaging market is buyer-oriented, and hence with the rising demand for fresh food, and their extended shelf-life the market is expected to be on the rise. Global fresh food packaging market is expected to register a CAGR of 3.15% in the forecast period of 2019-2026 and achieve an estimated value of USD 112.62 billion by 2026 from its initial estimated value of USD 87.87 billion in 2018.
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Fresh Food Packaging Major Market Competitors:
- Amcor Limited
- Smurfit Kappa
The other players in the market are
- International Paper
- DS Smith
- Silgan Holdings Inc.
- WestRock Company
- Sealed Air
- Ultimate Packaging Ltd.
- Temkin International Inc.
Greenyard, Berry Global Inc., Packaging Corporation of America, Sonoco Products Company, American Packaging Corporation, Jabil Inc., ITC Limited, Innovia Films, Graham Packaging Company, BASF SE, Ampacet Corporation, Printpack, Bomarko Inc., Graphic Packaging International LLC, Schur Flexibles Holding GesmbH, and Klöckner Pentaplast among others.
Market drivers & restraint:
- Rising demand for fresh packaged and labeled food with no tampering to the products has led to a significant rise in the market of Global Fresh Food Packaging Market
- Growing awareness amongst the people about the products they are consuming and the effects that they have on the environment has led to a significant rise for the market
- Increase in disposable income of the world has led to a rise in the demand for better quality, fresh food products which bodes well for the future of the industry
- The rise in counterfeit packaging and products in the market has hindered the market growth
- The waste disposal system of the manufacturers during the production and packaging process has led to an overhaul of government regulations for the product and has halted the market growth
- Cheap local products and their supply has taken a major market share of the Global Fresh Food Packaging Market thereby reducing the growth of the Industry
By Package Material
- BOPET (biaxially-oriented polyethylene terephthalate)
- Poly-vinyl Chloride
- Others (Glass, Wood, and Textiles)
By Pack Type
- Flexible Pack
- Converted Roll Stock
- Gusseted Bags
- Flexible Paper
- Corrugated Box
- Others (Stand-up Pouches, and Wicketed Bags)
- Meat & Meat Products
- Asia Pacific
- South America
- Middle East & Africa
Global fresh food packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fresh food packaging market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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