$95.2 Billion Fresh Food Packaging (Converted Roll Stock, Gusseted Bags, Flexible Paper, Corrugated Box) Markets - Global Forecast to 2025 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Fresh Food Packaging Market by Material (PE, PP, Paper, Aluminum, BOPET, PVC), Pack Type (Converted Roll Stock, Gusseted Bags, Flexible Paper, Corrugated Box), Application (Meat Products, Vegetables, Seafood, Fruits), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The Global Fresh Food Packaging Market Size is Projected to Grow from USD 79.8 Billion in 2020 to USD 95.2 Billion by 2025, at a CAGR of 3.5% Between 2020 and 2025.

Growing demand for convenience food items and innovative packaging solutions for extended shelf life of fresh food items are driving the market for fresh food packaging. However, stringent government rules and regulations regarding raw materials is expected to restrain this market. Innovations in eco-friendly packaging is expected to offer significant growth opportunities to manufacturers of fresh food packaging. The major challenge faced by players is managing packaging waste.

The polypropylene segment is expected to grow at the highest CAGR during the forecast period in the fresh food packaging market

The polypropylene segment accounted for the largest share and is projected to grow at the highest CAGR during the forecast period. This is attributed to its wide application in meat products, vegetables, seafood, and fruits among others.

Polypropylene (PP) has a clear, glossy film with high strength and puncture resistance. This material is not affected by changes in humidity. It has moderate permeability to gases and odors and a higher barrier to water vapor. These properties enable the use of polypropylene in the production of a wide variety of food & beverage packaging solutions.

The converted roll stock segment is expected to account for the largest share in the fresh food packaging market

Converted roll stock is the most common pack type used in fresh food packaging. It provides a faster packaging process as more packages are produced per minute using roll stock on a form-fill-seal machine compared to other packaging methods. Converted roll stock reduces the cost of packaging due to the form-fill-seal machines that make bags in line continuously and reduce waste as well. It is suitable for aseptic processing as the materials can be sterilized more easily through a peroxide bath.

The meat products segment is expected to account for the largest share in the fresh food packaging market

Meat products are the largest and fastest-growing application in terms of both value and volume. The growing disposable incomes have fueled the demand for convenience food items, which is, in turn, driving the fresh food packaging market. The increasing awareness regarding the nutritional value of meat products and changing eating habits are also boosting the demand for fresh food packaging.

APAC is expected to be the largest fresh food packaging market during the forecast period, in terms of volume

China, India, and Australia are the major countries contributing to the fresh food packaging market in APAC. The growth is driven by factors such as increase in demand for convenience by consumers and concerns about food product safety are some of the major reasons that could drive the fresh food packaging market in the region. The presence of many small and medium fresh food packaging manufacturers has also contributed to the growth of the fresh food packaging market in this region.

Market Dynamics

Drivers

• Growing Demand for Convenience Food Items
• Innovative Packaging Solutions for Extended Shelf Life of Fresh Food Items

Restraints

• Stringent Government Rules and Regulations Regarding Raw Materials

Opportunities

• Innovations in Eco-Friendly Packaging

Challenges

• Managing Packaging Wastes

Porter's Five Forces Analysis

Competitive Landscape

Company Profiles

• Amcor plc
• International Paper Company
• Westrock Company
• Sealed Air Corporation
• Smurfit Kappa
• Coveris
• Dupont
• Ds Smith plc
• Mondi plc
• Silgan Holdings Inc.

Other Company Profiles

• Sonoco Products Co.
• Schur Flexibles
• Anchor Packaging Inc.
• Printpack Inc.
• Bomarko Inc.
• Packaging Corporation of America
• Graphic Packaging Holding Co.
• Ampacet Corporation
• Ultimate Packaging Limited
• Temkin International Inc.

For more information about this report visit https://www.researchandmarkets.com/r/7e0qt9