Pune, India, September 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Produce Packaging Market.
A produce packaging provides attractive packaging to the products and also enhances the shelf life of the produce. The global produce packaging market is expected to witness sustainable growth during the forecast period owing to the growth in agricultural industry and increase in awareness regarding healthy lifestyles. Consumers are becoming increasingly inclined towards consuming fresh fruits and green vegetables due to increased nutritional knowledge, which is expected to drive the global produce packaging market. Moreover, produce packaging protects the produce from contamination, cushioning it from physical damages, extending produce life cycle, and reducing food/sorting wastage. However, market growth might be hindered by the strict regulations introduced by governing bodies regarding packaging material waste and recycling. The growing online retail market for fresh fruits and vegetables and the increasing use of recycled material in produce packaging is expected to create growth opportunities for the Global Produce Packaging Market
Asia-Pacific is expected to witness moderate growth in the global produce packaging market during the forecast period: MRFR
Based on region, the global produce packaging market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Asia-Pacific dominated the global market, followed by North America, primarily due to the growth in agricultural industry, mainly in China and India. The agricultural industry in Asia-Pacific is growing due to the growth in population and economic growth, which fuel the Asia-Pacific produce packaging market growth. Moreover, due to the busy life schedules and increasing purchasing power of consumer in the developing countries, consumers are inclined towards the freshly cut packaged fruits, vegetables, or salads, which is expected to drive the market growth in Asia-Pacific.
The global produce packaging market was valued at USD 37 billion in 2018, and is expected to witness 5.1% CAGR during the forecast period.
The corrugated boxes segment is expected to occupy a large share of the global produce packaging market.
Based on packaging type, the global market has been segmented into corrugated boxes, bags and liners, plastic containers, and trays. The corrugated boxes segment is expected to register a high growth rate during the forecast period owing to the various advantages associated with corrugated boxes. These boxes are extremely lightweight, recyclable, and have a high load-bearing capacity. Moreover, graphic prints can be easily done on corrugated boxes, which will provide it branding and messaging opportunities.
The vegetables produce packaging segment is expected to occupy a large share of the global produce packaging market.
Based on application, the global market has been segmented into vegetables, fruits, and salads. The vegetables segment is expected to witness significant growth during the forecast period due to the rapid growth of the global population and increasing awareness about health.
The growers/shippers segment is expected to occupy the largest share in the global produce packaging market.
Based on end-user, the global produce packaging market is segmented into growers/shippers, re-packers, and retail stores. The growers/shippers segment is expected to register a high growth rate during the forecast period. The agricultural industry is growing across the globe, owing to an increase in population, which is expected to drive the growers/shippers segment. Furthermore, research and development in the areas of agriculture for the high production of fruits and vegetables is expected to fuel the growth of the growers/shippers segment in the global produce packaging market.
Global Produce Packaging Market, 2018–2025 (USD Million)
Source: MRFR Analysis
Scope of the Report
This study provides an overview of the global produce packaging market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the rest of the world (RoW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global produce packaging market by packaging type, application, end user, and region.
The prominent players operating in the global produce packaging market are Mondi (Austria), Amcor plc (Australia), DS Smith (UK), International Paper (US), Sonoco Products Company (US), Sealed Air (US), Smurfit Kappa (Ireland), and COVERIS (US).
WestRock Company (US), Ultimate Group (UK), Packaging Corporation of America (US), INFIA srl (Italy), Berry Pack, Inc. (US), Pactiv LLC (US), and Stora Enso (Finland) are some of the other key players operating in the global produce packaging market.
Get Full Information About This Report: Produce Packaging Market Size