Jan 17, 2018   SOURCE: BusinessWire

North American Produce Packaging Market 2017-2021 - Demand for Increased Shelf Life of Fresh Produce is Driving the Market - ResearchAndMarkets.com

The "Produce Packaging Market in North America 2017-2021" report has been added to ResearchAndMarkets.com's offering.

Produce packaging market in North America to grow at a CAGR of 3.78% during the period 2017-2021.

One trend in the market is active and smart packaging. The main aim of active and smart packaging is to increase the shelf life of food, while at the same time ensure microbial safety and maintain nutritional quality. For instance, NeoSteam packaging from Mondi provides active packaging with scavengers. Active packaging is becoming popular and will witness extensive use in the future.

One driver in the market is demand for increased shelf life of fresh produce. Shelf life extension is one of the main aims of the produce packaging industry. A large amount of food is wasted before it can be consumed. Supermarkets and other grocery retailers dispose loads of good food every day. Vegetable and fruit processors can also reduce their costs by extending the shelf life. At present, most processors must pick and harvest their crops as quickly as they can and then ship it to the markets by the quickest route possible. An increased shelf life will allow them to plan their labor usage efficiently and ship the products via cheaper modes of transportation.

One challenge in the market is volatility in raw material prices. The volatility in the prices of raw materials is a major challenge faced by the vendors in the produce packaging industry. The popular raw materials used are paper for corrugated fiberboards and oil-based derivatives. The increasing fluctuation in the demand and supply for these raw materials during the past few years has led to a significant variation in their prices. The prices of pulp were high during 2014-2015, with the average price of pulp reaching $832.02 in July 2014. In the past two years, the prices have trended downwards. The prices for wood fiber in the pulp industry have fallen in the US, with greatest declines in the northeastern and northwestern parts of the country, where prices have fallen by around 10%-15%.

Key Vendors

  • Amcor
  • Bemis Company
  • Berry
  • International Paper
  • Mondi
  • Sealed Air
  • Smurfit Kappa Group

For more information about this report visit https://www.researchandmarkets.com/research/qlfq4w/north_american?w=4