Gmi Research's blog : Fresh Food Packaging Market Research Report
GMI Research anticipates that the Fresh
Food Packaging Market to witness a significant Compound Annual Growth Rate
over the forecast period (2020-2027).
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The factors driving
the growth of fresh food packaging market includes growing demand for
convenient food items, increasing disposable income. The rising concerns about
health problems such as obesity and diabetes, is shifting consumers preference
towards adopting healthy lifestyle. The continuous
technological advancement in innovating products and demographic factors such
as increasing working-class women population, plays out to be a key factor in
the growth of fresh food packaging market. As per the data from World Bank, the
female labor force percentage has significantly increased from 39.3% in 2015 to
39.5% in 2019 globally. Consumers increasing inclination for buying convenience
food which can be preserved for longer time, is increasing the overall Fresh
Food Packaging Market size globally.
However, the growth of fresh food packaging
market is hurdled by Government norms about environmental concerns such as
global warming and effects of greenhouse gases, caused through combustion and
land filling.
Notable players in the market are Coveris,
DS Smith PLC., Du Pont De Nemours & Company, Amcor PLC., Mondi PLC., Smurfit
Kappa Group among others.
By Packaging Material – Segment Analysis
Polyvinyl Chloride (PVC) is expected to
capture the largest market share in the Fresh Food Packaging Market because it
provides convenience to consumers, as they are easy to carry.
By Application – Segment Analysis
By application, meat products and seafood
are expected to grow at a faster pace owing to changes in eating habits of
consumers around the world and the presence of nutritional content in meat and
seafood products. The fruits and vegetables segment is predicted to capture a
significant market share due to growing trend for purchasing packaged
vegetables products over traditional vegetables, which might contain
pesticides. Semi-processed vegetables reduce the time for cooking for food,
which will play as a key factor towards the growth of fresh food packaging
market in the coming years.
By Region- Segment Analysis
The Asia Pacific region is anticipated to
capture significant share in the market due to growing consumption of meat
products in the region and presence of large consumer base in Countries with large
populations such as India and China, opting for convenient food items.
Market segmentation
Global Fresh Food Packaging Market by Packaging Material
·
PVC (Flexible Plastic)
·
Aluminum (Metal)
·
Paper
·
BOPET(Polyester)
Global Fresh Food Packaging Market by Application
·
Fruits
·
Vegetables
·
Meat products
·
Dairy
·
Seafood
Global Fresh Food Packaging Market by Region
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
North America
o
United States of
America
o
Canada
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
About GMI
Research
GMI Research is a market research and
consulting firm which provides market insights and intelligence across 12 major
sectors helping our clients in making effective investment and business
decisions.
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