Fresh Food Packaging Market Trends, Revenue, Key Players, Growth, Share and Forecast Till 2027 by Reports And Data

(Heraldkeepers via Comtex)

The global Fresh Food Packaging Market is forecast to reach USD 102.00 Billion by 2027, according to a new report by Reports and Data. The growing demand from developing markets will help the fresh food packaging Industry to maintain a steady growth rate over the forecast period. The rise in the family disposable incomes, along with the buyer power, will provide strength to the fresh food packaging Industry and help in its growth over the forecasted period.

The latest report extensively assesses this particular business sphere and, simultaneously, elaborates on production and consumption aspects of the market. In the later sections of the report, numerous factors, including market drivers, opportunities, restraints, and challenges, have been discussed at length. The authors have meticulously performed the SWOT analysis and Porter's Five Forces analysis to help the reader clearly interpret the competitive hierarchy of the global Fresh Food Packaging market as well as distinguish the top market contenders from the others.

The COVID-19 impact:

With the outbreak of the coronavirus, WHO encourages people to take more aggressive steps to prevent the widespread of the virus and to abide by the rules and regulations created by the respective governments of each country. Due to the safety and hygiene maintained packaging that keeps the edibles protected from air, temperature, and various micro-organisms, Covid-19 throws a positive light on the fresh food packaging Industry. The market has witnessed a high demand during the epidemic. It is expected to grow in the coming years due to the growth in innovative packaging solutions, which slows down decomposition and prevents food spoilage. Materials like textiles wood and glass will experience fast growth in the fresh food packaging Industry during the pandemic. As demand for food is generally inelastic, packaging plays an essential role.

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Top Companies Profiled in this Report are:

Amcor Limited, Mondi PLC, DuPont, Smurti Kappa Group, Sonoco Products Co., International Paper Company, Coveris Holdings S.A., D.S. Smith PLC, Silgan Holdings Inc. WestRock Company, among others.

 

For the purpose of this report, Reports and Data have segmented the global Fresh Food packaging Market on the basis of component, type, end-users, application, distribution channel, and region:

Material Outlook (Revenue, USD Billion; 2017-2027)

PlasticPaper & paper boardsTextile woodsGlassOthers

Packaging Type Outlook (Revenue, USD Billion; 2017-2027)

FlexibleSemi-rigidRigid

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End Users Outlook (Revenue, USD Billion; 2017-2027)

ResidentialBaker & ConfectionaryHotel, Restaurants and Food ChainsOthers

Application Outlook (Revenue, USD Billion; 2017-2027)

Meat ProductsFruitsVegetablesSeafoodOthers

Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)

OnlineOffline

In market segmentation by geographical regions, the report has analysed the following regions-

North America (USA, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Columbia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Further key findings from the report suggest

The Paper and Paper boards segment held a significant share in the market due to the paper’s convenience and decomposing property. The strict ban on plastics usage by the governments of some countries has led to an increase in the demand for paper bags. Consumers shift their preferences towards more affordable, favourable, and feasible packaging materials such as paper, textile woods, and glass. Companies are embracing more eco-friendly and bio-degradable packaging materials.Consumers have become more aware of the nutritional value of seafood and meat products. Both the seafood and meat products are holding the largest share in the market compared to the other products.The Asia Pacific has the highest adoption rate in the market. This is due to the increasing demand for packed fresh edible products in countries like China, Japan, Australia, India, and the availability of cheap raw materials.The fresh food packaging Industry is adopting some wiser strategies to stay competitive in between the growing demand of fresh-packed edibles. Collaborations have been observed between prominent brands to increase their product portfolio and enter new markets. Companies adopt effective marketing and branding strategies to hold the position of the products in the competitive market.

Major Highlights:

The study analyzes various manufacturing processes of the product.It further examines the consumption volume and patterns of the product types.The report provides actionable insights into the production capacity, estimated growth, and regional market revenues amassed over the forecast period.The report encompasses vital information on market dynamics, such as product pricing patterns, the total revenue generated, and anticipated growth rate.The report highlights the competitive spectrum of the global Fresh Food Packaging market, focusing on the company profiles of top market rivals.The report emphasizes the product portfolios as well as respective specifications and applications of these products of each market player.Furthermore, production capacities, gross margins, manufacturing costs, pricing models, and revenue shares of these market players have also been discussed.

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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Source - HeraldKeeper
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