Apr 21, 2020   SOURCE: BusinessWire

Fresh Food Packaging Market by Material, Pack Type, Application and Region - Global Forecast to 2025 - ResearchAndMarkets.com

The "Fresh Food Packaging Market by Material (Polyethylene, Polypropylene, Aluminum, Paper, BOPET, PVC), Pack Type (Converted Roll Stock, Gusseted Bags, Flexible Paper, Corrugated Box, Boxboard, Cans), Application and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global fresh food packaging market size was USD 77.44 billion in 2019 and is projected to reach USD 94.70 billion by 2025, at a CAGR of 3.5%.

High demand from the meat products application is driving the fresh food packaging market.

The demand for fresh food packaging has increased exponentially in recent times, mainly because of increasing health awareness concerns, emphasis on the quality of products and services, and the convenience of carrying packaged fresh food.

Polypropylene, the fastest-growing fresh food packaging material.

Polypropylene is the fastest-growing material used in the fresh food packaging market. This is because it is the most durable type of plastic available today owing to its chemical resistance and low cost. Polypropylene polyethylene offers innovative product solutions that have broad applicability, such as in the packaging of various fruits, vegetables, meat, and seafood.

The converted roll stock segment is estimated to drive the market during the forecast period.

Based on pack type, converted roll stock is projected to be the largest and the fastest-growing type in the fresh food packaging market during the forecast period. Converted roll stock is used extensively, as it can be customized into any shape and form and thus offers convenient packaging solutions. Also, converted roll stocks are available in various colors, which makes it an attractive packaging.

APAC, the largest market, and the fastest-growing fresh food packaging market.

APAC is the largest market for fresh food packaging globally, with China leading the demand attributed to the large population and growing economic conditions. The growth of the fresh food packaging market is also due to the presence of major manufacturers in the region. Improving lifestyle and consumer spending on packaged food would further augment the market for fresh food packaging in APAC.

Market Dynamics

Drivers

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

Restraints

  • Stringent Government Rules And Regulations Regarding the Raw Material Used For Packaging

Opportunities

  • Innovations in Eco-Friendly Packaging

Challenges

  • Managing Packaging Waste

Companies Profiled

  • 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/8cfxul