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The emergence of technology and new regulations for packaging ingredients will revolutionize the landscape of perishable packaging. South Korea’s fresh food packaging market is valued at $2,813.63 million in 2023 and is estimated to exceed $3,649.38 million by 2033.
NEWARK, DELL, Dec. 30, 2022 (GLOBE NEWSWIRE) — The global fresh food packaging market is expected to grow at an average pace CAGR of 3.88% during the forecast period, according to a report published by FMI . The market is currently valued at USD 141.36 billion in 2023. The market value of the fresh food packaging market is expected to exceed a market valuation of USD 206.85 billion by 2033. Its historical market valuation was US$131 billion. Recorded by Future Market Insights analysts for markets relevant to the base year.
FMI analyzes the high demand for organic food among urban populations. Higher levels of food safety and longer shelf life of food in fresh food packaging solutions are some of the major reasons driving the market growth in 2023.
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In addition to that, there are a large number of foodservice operators that have emerged across the developing world, making a significant contribution to driving the growth of the market.Fish, Meat, Poultry, Seafood, Fruits and Vegetables are stored in containers for extended shelf life and convenient handling during transportation.
However, stringent regulations by governments across developing regions on the use of plastics are expected to hamper the market growth. The fresh food packaging industry is estimated to be impacted by the operational tax by 2033.
Key Points of Fresh Food Packaging Market
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The fresh food packaging market has witnessed an increase of approximately US$10.36 billion from the base year to date.
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Rigid packaging systems by package type category is estimated to hold the largest share in 2023. This segment accounts for his 52.4% of revenue share in 2022.
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The dairy segment accounted for the highest review share in the application category. This segment currently holds a 29.3% stake in 2023.
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South Korea’s fresh food packaging market is likely to grow at a moderate pace, registering a CAGR of 4.43% in 2023.
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“The introduction of smart and intelligent packaging solutions could give fresh food packaging manufacturers the silver lining in the coming years.” – FMI analyst says.
Competitive landscape in the fresh food packaging market
The market for fresh food packaging is highly competitive due to the presence of numerous international and regional companies. I have implemented different methods. Key players have adopted various business strategies such as mergers and acquisitions to expand their geographic presence and consumer base across the globe. Therefore, the fresh food packaging market is projected to register significant growth throughout the forecast period.
Grupo Lantero, Infia Srl, Sonoco Products Company, Huhtamaki, and Clondalkin Group are some of the leading players in the market.
Recent development
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2021, Amcor Released a 1-liter container bottle of raw milk. The bottle is made with 20% clear recycled polyethylene terephthalate post-consumer, potentially making the product more sustainable.
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of March 2021a company based in Sweden AR packaging Launched integrated barrier cardboard trays for fresh fruits and vegetables, mushrooms, herbs and seeds.
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of 2020, Amcor PLChas partnered with New Zealand-based company Moda to provide innovative packaging solutions in the North and Latin America regions.
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table of contents
1.executive summary
1.1.Global market outlook
1.2. Demand Side Trends
1.3.Supply-side trends
1.4.technology roadmap analysis
1.5.Analysis and recommendations
2. Market Overview
2.1. Market Scope/Taxonomy
2.2. MARKET DEFINITION/SCOPE/LIMITATIONS
3. Market Background
3.1. Market dynamics
3.1.1. Driver
3.1.2. Constraints
3.1.3. Opportunities
3.1.4. Trends
3.2. Scenario prediction
3.2.1. Demand in an optimistic scenario
3.2.2. Demand in Likely Scenarios
3.2.3. Demand in a Conservative Scenario
3.3. Opportunity Map Analysis
3.4.Product life cycle analysis
3.5.Supply chain analysis
3.5.1. Supply-side participants and their roles
3.5.1.1. Producer
3.5.1.2. Intermediate level participants (traders/agents/brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Added value and created value at supply chain nodes
3.5.3. List of Raw Material Suppliers
3.5.4. List of existing and potential buyers
Full TOC with report preview: https://www.futuremarketinsights.com/reports/fresh-food-packaging-market
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About Future Market Insights
Future Market Insights, Inc. is an ESOMAR accredited business consulting and market research firm, a member of the Greater New York Chamber of Commerce and headquartered in Delaware, USA. Winner of the Clutch Leaders Award 2022 for our high client score (4.9/5), we have worked with global companies on their business transformation journeys and helped them realize their business ambitions. Our clients are 80% of the largest Forbes 1000 companies. We serve global clients across all major and niche market segments in all major industries.
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