Fresh Food Packaging Market

Increased consumption of fresh fruits and vegetables drives market growth

Market CAGR for fresh food packaging is being driven by the consumption of fresh fruits and vegetables. Fruit and vegetable consumption varies by country and socioeconomic status. Low-income households are particularly vulnerable to nutritional deficiency and caloric overload. Higher educational attainment is associated with increased fruit and vegetable consumption. Consumption of fruits and vegetables is linked to social determinants of health such as capability, opportunity, and motivation. In the United Kingdom (UK), only 29% of adults and 18% of children consume five servings of fruit and vegetables each day.

The majority of Americans do not consume the two-and-a-half cups of vegetables and two cups of fruits recommended by The Dietary Guidelines for Americans on a daily basis. Food inadequacy, a shortage of produce in rural and underserved metropolitan areas, food cost, time 'poverty,' and inadequate health awareness are all impediments to eating more.

Additionally, consumers are acutely aware of health-related difficulties as a result of unhealthy junk food intake; nonetheless, they prefer fresh food and food products that are favourable to health by spending more money. According to the CDC, more than 67.3% of adults in the United States consumed fruit every day. According to the Food Industry Association, internet sales of packaged food and beverages would reach $109 billion by 2021. Furthermore, the intake of unhealthy foods contributes to the  obesity problem. According to international statistics, the world obsess population will reach 2 billion adults in 2021.

Obesity's rising prevalence invites a slew of additional problems, including cardiovascular disease, hypertension, blood pressure, infertility, and others.

Furthermore, the expanding trend of clean labelling is a crucial contributor to the total industry progress, owing to a rise in customer concern for simple and less synthetic chemicals on product labels. Unhealthy substances, such as synthetic chemical chemical formulas, are not indicated on clean labels. Clean label ingredients such as natural colours and flavours, fruits and vegetables, carbohydrates, and sweeteners were worth $38.8 billion in 2021. As a result, the rising popularity of clean label products is propelling the Fresh Food Packaging Market over the forecast period.

The Global Fresh Food Packaging Market Industry is poised for substantial growth, with projections indicating a market value of 247.0 USD Billion by 2035. This growth trajectory suggests a CAGR of 5.6% from 2025 to 2035, reflecting the increasing demand for innovative packaging solutions. Factors such as sustainability, technological advancements, and changing consumer preferences are likely to contribute to this expansion. The market's evolution will be closely monitored as it adapts to emerging trends and consumer needs, positioning itself as a vital component of the global food supply chain.

The Global Fresh Food Packaging Market Industry is significantly influenced by the rising consumer preference for convenience. Busy lifestyles drive the demand for ready-to-eat and easy-to-prepare food options, necessitating packaging that is user-friendly and functional. Single-serve packaging and resealable containers are examples of solutions that cater to this trend. As consumers seek convenience, the market is projected to reach 135.7 USD Billion in 2024. This preference for convenience is likely to shape product offerings and packaging designs, indicating a dynamic landscape for the industry.

The globalization of food supply chains is a key driver for the Global Fresh Food Packaging Market Industry. As international trade in fresh produce expands, the need for effective packaging solutions that ensure product integrity during transportation becomes paramount. Packaging must withstand varying climates and handling conditions, which drives innovation in materials and designs. For example, modified atmosphere packaging is increasingly used to prolong shelf life during transit. This trend is expected to contribute to the market's growth, with a projected value of 135.7 USD Billion in 2024. The ongoing globalization suggests a sustained demand for advanced packaging solutions.

The Global Fresh Food Packaging Market Industry is experiencing a notable shift towards sustainable packaging solutions. Consumers increasingly prefer eco-friendly materials, prompting manufacturers to innovate. For instance, biodegradable films and recyclable containers are gaining traction. This trend aligns with the global push for sustainability, as seen in various regulations aimed at reducing plastic waste. The industry's response is evident in the growing market for sustainable packaging, projected to reach 135.7 USD Billion in 2024. As consumers become more environmentally conscious, the demand for sustainable options is likely to drive growth in the sector.

Technological innovations are significantly influencing the Global Fresh Food Packaging Market Industry. The integration of smart packaging technologies, such as sensors and indicators, enhances food safety and quality. These advancements allow for real-time monitoring of freshness, which is crucial for perishable goods. For example, active packaging solutions that extend shelf life are becoming increasingly popular. As a result, the market is expected to grow, with projections indicating a value of 135.7 USD Billion in 2024. The continuous evolution of packaging technology suggests a promising future for the industry, potentially leading to a CAGR of 5.6% from 2025 to 2035.

The Global Fresh Food Packaging Market Industry is witnessing a surge in health consciousness among consumers, driving demand for fresh and organic food products. As individuals become more aware of the nutritional value of their food, the preference for minimally processed items rises. This shift necessitates packaging that preserves freshness and extends shelf life. For instance, vacuum-sealed packaging is increasingly utilized to maintain the quality of organic produce. The industry's growth is reflected in the projected market value of 135.7 USD Billion in 2024. This trend indicates a strong potential for future expansion as health-oriented consumers continue to influence purchasing decisions.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific dominated the fresh food packaging market, accounting for 40.9% of total revenue in 2022. During the forecast period, the region is expected to dominate the market.   Because of increased packaged food demand and rising consumer health consciousness. Moreover, China’s Fresh Food Packaging Market held the largest market share, and the Indian Fresh Food Packaging Market  was the fastest-growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: FRESH FOOD PACKAGING MARKET  SHARE BY REGION 2022 (USD Billion)                         

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe Fresh Food Packaging Market accounts for the second-largest market share due to increase in disposable income as well as the higher standard of life of consumers across the area are expected to drive market expansion.  Further, the GermanFresh Food Packaging Market held the largest market share, and the UK Fresh Food Packaging Market  was the fastest growing market in the European region

The North America Fresh Food Packaging Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because of increased knowledge of  warming and growing environmental concerns, as well as the availability of remedies such as eco-friendly packaging in the U.S.

Leading market players are investing heavily in R&D to expand their product lines, which will help the Fresh Food Packaging Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Fresh Food Packagingindustry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  Fresh Food Packaging industry to benefit clients and increase the market sector. In recent years, the Fresh Food Packaging industry has offered some of the most significant advantages to medicine. Major players in the Fresh Food Packaging Market , including Mondi Pic. (South Africa), Bemis Company, Inc. (U.S.), E. I. du Pont de Nemours and Company (U.S.) Silgan Holdings Inc. (U.S.). International Paper Company (U.S.) and others, are attempting to increase market demand by investing in research and development operations.

Amcor plc is a multinational packaging corporation. It creates and manufactures flexible packaging, rigid containers, speciality cartons, closures, and services for a variety of products including food, beverage, pharmaceutical, medical-device, home and personal care,[4] and others. During the 1860s, paper milling firms were created in and around Melbourne, Australia. In 1896, they merged to form the Australian Paper Mills Company Pty Ltd. Amcor is listed on both the Australian Securities Exchange (ASX: AMC) and the New York Stock Exchange (NYSE: AMCR).

As of 30 June 2022, the company employed 44,000 people and earned $14.5 billion in revenue through activities in more than 200 locations across 40 nations. In March 2021,  Amcor introduced a 1-liter fresh milk container bottle. This is constructed of 20% transparent Post-consumer Recycled (PCR) Polythene Terephthalate (PET), which boosts the product's sustainability.

Modi Enterprises is a New Delhi-based Indian corporate group. Godfrey Phillips India, Indofil Industries Ltd., and Modicare Limited make up the $2.8 billion group, which has a diverse business portfolio that includes cigarette manufacturing, education, agricultural chemicals, personal care, tea and beverages, entertainment, consumer products, multi-level marketing, and gourmet restaurants. Gujarmal Modi (1902-1976) created the Modi Group, which grew from a small, family-run business to include Modi Sugar, Modi Vanaspati Mfr Co., Modi Industries Ltd, ModiLuft, and others.

In April 2020, Modi Group, a major worldwide packaging solution provider, has teamed with Reckitt Benckiser Group to produce a wholly mono-material flexible plastic packaging portfolio for the premium range of Finish Dishwasher Tablets 'Quantum Ultimate'.