Fresh food packaging market worth $95.91 billion by 2020
According to a new market research report, "Fresh Food Packaging Market by Application (Meat Products, Fruit, Vegetables, Seafood), Material (PE, PP, Paper, Aluminum, BOPET, PVC), by Pack Type (Converted Roll Stock, Gusseted Bags, Flexible Paper, Corrugated Box, Others) - Global Forecast to 2020", published by MarketsandMarkets (marketsandmarkets.com), analyses and forecasts global revenues for the Fresh Food Packaging Market. The report also identifies the factors driving & restraining the market along with analysis of trends, opportunities, winning imperatives, and challenges.
The global Fresh Food Packaging Market has been growing in accordance with the packaging industry. With increasing awareness about global warming and concerns about the environment, people are opting for eco-friendly techniques of fresh food packaging, which has had an impact on the market for global food produce packaging products. Increasing disposable incomes of people in economies, increasing demand for convenience food, and increasing awareness of packaged food among consumers drive the growth of the global Fresh Food Packaging Market
The global Fresh Food Packaging Market is projected to reach USD 95.91 billion by 2020, at a CAGR of 3.38% from 2015 to 2020. The demand for fresh food packaging has increased exponentially in recent times mainly due to increasing health awareness concerns, emphasis on the quality of products and services, and the convenience of packaged fresh food.
The market is segmented and revenues are forecasted on the basis of major regions such as Asia-Pacific, North America, Europe, and the Rest of the World (RoW), and are forecasted till 2020. Further, the market is segmented and revenues are forecasted on the basis of application.
The global fresh food market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers & acquisitions, and partnerships and expansions are the key strategies adopted by market players to ensure their growth in the market. The key players in the market are Amcor Limited (Australia), Coveris Holdings S.A (U.S.), Smurfit Kappa Group (Ireland), E. I. du Pont de Nemours and Company (U.S.), Mondi Plc (South Africa), Bemis Company, Inc. (U.S.), International Paper Company (U.S.), D.S. Smith Plc (U.K.), Silgan holdings Inc. (U.S.), RockTenn Company (U.S.), and Sealed Air Corporation (U.S.). In this report, the Fresh Food Packaging Market is segmented into package material, pack type, application, and region.