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Fresh Food Packaging Market: Segmented: by Application(Fruits and Vegetables, Meat and Seafood, Dairy, Others); By Material Type(Glass, Metal, Polypropylene, aluminum, Plastic, Wood, and Paper); and Region -Analysis of Market Size, Share & Trends for 2016 - 2019 and Forecasts to 2030
Fresh Food Packaging Market to surpass USD 131 Billion by 2030, which is valued at 87.6 billion in 2019 at a compound annual growth rate of 3.70%
Fresh food packaging helps in the prevention of food from any alteration in the state and further prevents the food from any kind of physical, biological changes, or chemical contamination. Due to this, the shelf life of the food increases. The packaging is done to prevent the food from environmental or physical damage to food while transporting. This provides knowledge about the ingredients, nutrient content, and guidelines to preserve food quality and freshness. The need for good food and longer shelf life stimulated the market for food packaging. The packaging material contains information on how the product is used, recycling, and disposal procedure.
According to the report, in line with the growth of numerous end-users of fresh food packaging throughout the world, the demand is expected to rise. The growing demography demands convenient food that provides a longer shelf life; thus, fresh food packaging materials become relatively important. Among these factors, packaging convenience and advancements in emerging technology also drive the global demand for fresh food packaging.
The global Fresh food packaging market is segmented by material type into Glass, Metal, Polypropylene, aluminum, Plastic, Wood, and Paper. Due to higher convenience and greater decomposition property of paper, this segment held the largest share in 2019. The demand for this material is projected to be further increased by stringent government regulations and restrictions on plastic packaging. Paper is processed or painted and laminated or sprayed with the finishing polish, resins, lacquers, and waxes. Polypropylene on the other hand holds a significant share owing to its resistance to humidity, gaseous and odor permeability, and a greater water vapor barrier to make it fit for packaging in fresh foods. Polypropylene also has a high melting point, making it especially suitable for food packaging items used in microwaves or dishwashing.
The global Fresh food packaging market is segmented by application into fruits and vegetables, meat and seafood, dairy, and others. The meat and seafood segment is anticipated to grow at the highest CAGR due to the increasing awareness about the nutritional importance of seafood and constant change in eating behavior. The growing need for fresh, healthy, and meat that can be stored for a longer time will increase the segment's growth. The customer demand for packaged and verified meat products is expected to further fuel the potential growth of this market.
Enhanced characteristics
Fresh food packaging excels in its fine clarity, temperature tolerance, strength, and barrier properties. They are also available in a wide variety of thickness and surface characteristics, presenting several options for their offers to the customer.
Rising use of chemicals
The product’s demand is intensified due to rising concerns about the number of chemicals applied to the fruits and vegetables during the time of their cultivation like pesticides, etc., and other man-made ripening processes used by the sellers. Consumer demand is expected to be further increased by the availability of inexpensive, robust, and convenient packaging materials such as aluminum, paper, glass, etc.
Demand for freshly packaged food
The growing demography demands convenient food that provides a longer shelf life, thus fresh food packaging materials become relatively important. Among these factors, a requirement in E-commerce and advancement in emerging technology also drives the global demand for fresh food packaging.
Quality issues
Newly designed, rigid packaging demand in the packaging industry and standard and quality issues for Fresh food packaging are key factors restricting the growth of the Fresh food packaging market. The industry’s high Barrier Growth is limited by poor quality sealing.
Government regulations
Strict government policies and regulations on the packaging raw material are anticipated to restrict the market’s growth. Growth is also likely to be threatened by growing environmental concerns and rising global warming.
In terms of value and volume, Asia Pacific was the largest market accounting for XX% of the total market volume share in 2019
Asia Pacific led the global market for Fresh food packaging with XX% of the overall demand in 2019. With fast industrialization and urbanization, India and China have been the leading consumer to an improved standard of living and rising health awareness and thus increasing demand for fresh food products. In countries such as China and India, the presence of airborne diseases combined with growing consumer disposable incomes are expected to fuel growth in the countries with high demography.
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