According to a new report published by Allied Market Research, titled, “Produce Packaging Market,” The produce packaging market size was valued at $35.6 billion in 2021, and is estimated to reach $53.8 billion by 2031, growing at a CAGR of 4.1% from 2022 to 2031.
Produce packaging includes various types of packaging materials such as plastic containers, cardboard boxes, bags and liners, trays, etc. Produce packaging has many advantages over fresh produce, including protection from physical damage, avoidance of contamination, labeling, improved shelf life, reduced food waste.
𝙂𝙚𝙩 𝙞𝙣𝙨𝙞𝙙𝙚 𝙎𝙘𝙤𝙤𝙥 𝙤𝙛 𝙩𝙝𝙚 𝙧𝙚𝙥𝙤𝙧𝙩, 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙨𝙖𝙢𝙥𝙡𝙚:- https://www.alliedmarketresearch.com/request-sample/32226
𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀
The global produce packaging market is anticipated to grow owing to the change in lifestyles and alternative eating habits. In addition, factors such as comfort and the use of high-performance materials such as plastic, paper and paperboard, and others support the produce packaging market growth. Moreover, improved shelf life and improved efficiency in preventing contamination of contents are expected to drive the growth of the market.
In addition, factors such as population growth, rise in disposable income, and decrease in number of households are having a positive impact on the growth of the produce packaging market.
𝙈𝙖𝙠𝙚 𝙖 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙄𝙣𝙦𝙪𝙞𝙧𝙮:- https://www.alliedmarketresearch.com/purchase-enquiry/32226
𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲
Major players have adopted product launch, partnership, and acquisition as a key strategy to sustain the competition and improve the product portfolio. For instance, in February 2022, Sealed Air Corporation acquired Foxpak Flexibles Ltd. which is a privately owned Irish packaging solutions.The key players that operate in the produce packaging market are Amcor PLC, Berry Global, Inc., DS Smith Plc, Georgia Pacific LLC, International Paper Company, Mondi Group, Pactiv Evergreen Inc., Sealed Air Corporation, Smurfit Kappa Group PLC, Westrock Company.
𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗢𝘂𝘁𝗹𝗼𝗼𝗸
Asia-Pacific registered the highest share of the global produce packaging market share in 2021, owing to increased consumer disposable income, urbanization, and rise in consumption of fresh produce such as fruits and vegetables and others due to large population base.On the basis of region, Asia-Pacific registered the highest share of the global produce packaging market share in 2021, owing to increased consumer disposable income, urbanization, and rise in consumption of fresh produce such as fruits and vegetables and others due to large population base.
However, during the COVID-19 pandemic, various manufacturers in the produce packaging market had to stop their business in countries such as China, the U.S., and India. This break directly impacted the sales of produce packaging companies.
In addition, lack of manpower and raw materials also constricted supply of fresh produce, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of produce packaging companies.
𝙏𝙤 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙩𝙝𝙞𝙨 𝙋𝙧𝙚𝙢𝙞𝙪𝙢 𝙍𝙚𝙥𝙤𝙧𝙩: – https://www.alliedmarketresearch.com/checkout-final/ff9c678469a16b827eec5f2d84183593
𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗥𝗲𝘃𝗶𝗲𝘄 –
Various market players have adopted strategies, such as product launch, business expansion, acquisition, and agreement to expand its business and strengthen its market position. For instance, in June 2021 WestRock Company which is a leading provider of differentiated paper and packaging solutions launched EverGrow fiber-based produce packaging collection. As a result, such strategic moves are expected to provide lucrative growth opportunities in the global produce packaging market.