February 2024
Fresh Food Packaging Market (By Packaging Type: Rigid, Flexible; By Material: Plastic, Paper and paperboard, Poly lactic acid, Others; By Pack Type: Converted Roll Stock, Gusseted Bags, Flexible Paper, Corrugated Box, Others; By Application: Dairy products, Fruits and vegetables, Eggs meat and seafood) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 204-2033
The global fresh food packaging market size was USD 126.76 billion in 2023, accounted for USD 131.7 billion in 2024, and is expected to reach around USD 185.84 billion by 2033, expanding at a CAGR of 3.9% from 2024 to 2033.
The Asia Pacific fresh food packaging market size was estimated at USD 63.55 billion in 2023 and is predicted to be worth around USD 95.71 billion by 2033, at a CAGR of 4.2% from 2024 to 2033.
The Asia Pacific region has dominated the market for fresh food packaging and it shall dominate the market in the coming years. The North American region has many fast-growing economies like China, India, Japan and South Korea. A large number of consumer base in these countries is responsible for the increase in demand for these fresh food products. The Asia Pacific region was the largest producer of plastics in the global market and it had about 50.14% revenue share in the year 2023. Increased focus on reducing plastics in the food and beverages industry is leading to a growth in the US and Canada region.
Market Overview
Plastic resins like the polypropylene, Poly vinyl chloride, polystyrene and polyethylene are used for packaging these products. These plastic resins are produced from crude oil. Other materials like aluminum, steel and glass are energy intensive materials and these materials are also used for packaging. Due to a continuous fluctuation in the crude oil prices across the globe there is an increased uncertainty about the availability of raw material at economical or lower prices. This creates a challenge for the fresh food packaging market. There are many regulatory bodies and government that are focusing to curb the humongous amount of plastic waste which is generated due to the use of plastic for packaging. These government regulatory bodies or continuously emphasizing on the importance about reusability of packaging products and improving the recycling activities which will help in reducing the pollution. The plastic material poses a major challenge for the growth of this market. It can be substituted with paperboard, paper, Poly lactic acid.
Increasing demand for organic fresh food products like vegetables, fruits and dairy among the health-conscious consumers is expected to have a positive effect on the market during the forecast period. Ever increasing food service operators and the retail chains in the North American region and the European region or planning to switch from plastic packaging to sustainable solution in order to attract consumers. Environment conscious consumers will be attracted to these operators. These factors are expected to drive the demand for ecofriendly and fresh food packaging.
The US is one of the largest markets for packaging products. it is the largest manufacturer and exporter for the application in industries like dairy products, meat and eggs. Increasing the disposable income and awareness among the buyers over packed food is driving the market.
Fresh food packaging is useful to preserve the food from various changes which could be chemical, physical or biological. It helps in providing longer storage of these food products. It is convenient, cost effective and reliable packaging industry which uses various materials. Intelligent packaging, advanced packaging technologies and active packaging have emerged across the years.
Report Coverage | Details |
Market Size in 2023 | USD 126.76 Billion |
Market Size in 2024 | USD 131.7 Billion |
Market Size by 2033 | USD 185.84 Billion |
Growth Rate from 2024 to 2033 | CAGR of 3.9% |
Base Year | 2023 |
Forecast Period | 2024 to 2033 |
Segments Covered | Packaging Type, Material, Pack Type, and Application |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
On the basis of the packaging type, the rigid fresh food packaging segment has emerged as the largest segment in the recent years in terms of revenues. It is expected to grow well during the forecast period. Rigid solutions are capable of providing stronger support to the goods that are packed which have barrier walls and forms a base. Products that are packed with the use of rigid type of packaging or extremely convenient for shipping from one place to another without causing any damage to the content. As the packaging is extremely sturdy the contents of the package remain intact. Due to their sturdy nature these packs can be stacked in the warehouses when in transit. They can also be stacked in order to display in the retail stores. They help in reducing the damage caused during transportation and during handling. This type of packaging is extremely useful for vegetables fruits and eggs.
Apart from the rigid fresh food packaging segment the flexible fresh food packaging segment is also expected to witness a good rate of growth during the forecast period. Flexible packages include pouches, stretch film, shrink film which are extremely convenient in handling. These pouches are lightweight and easy to carry around. They occupy extremely less space as they are compact and can be used in warehouses as well as retail stores.
The plastic material segment dominated the market in recent years and it is expected to grow abundantly during the forecast period. The use of plastic in packaging provides extremely efficient moisture barrier to the contents of the package. There is a great demand for transparent containers as they helped end users to identify the contents of the box. It also helps in checking product quality.
Apart from the plastic segment the paper and paperboard segment is the second largest material segment. It is a sustainable alternative for plastics and it should see a good amount of growth during the forecast period. The use of rigid packaging solutions which are recyclable paper fiber based like the boxes and the trays are in great demand from the customers due to the reduced use of plastic.
On the basis of application, the dairy products segment has dominated the food packaging market in the year 2023. The dairy and dairy product segment is expected to have the largest market share during the forecast period. Milk is extremely perishable and the storage and transportation of the fresh produce enclosed and extremely high cost as it requires safe handling. It also needs to be protected from the external impact. Many market players are developing new products to cater to various consumer demands.
Apart from the dairy segment of fruit and vegetable segment is also expected to have a good growth in terms of revenue terms of revenue. They increased preference of consumers to vegan diet and increasing demand for plant based nutrients is expected to helping the growth of the fruits and vegetables segment. Seafood eggs segment is driven by the consumption of these products. The players operating in developing as well as the developed nations Ottawa working on developing innovative solutions which will based raw materials and efficient oxygen barriers.
Recent Developments
Segments Covered in the Report
By Packaging Type
By Material
By Pack Type
By Application
By Geography
For questions or customization requests, please reach out to us at sales@precedenceresearch.com
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client
February 2024
October 2024
October 2024
September 2024