Produce Packaging Market Research, 2031
The global produce packaging market size was valued at $35.6 billion in 2021, and is projected to reach $53.8 billion by 2031, growing at a CAGR of 4.1% from 2022 to 2031.
Produce packaging refers to any material used and assembled to bundle, pack, label, or sleeve fresh produce. produce packaging means packing the products or adding some material to preserve them while they are sorted, transported, and distributed.
The rise in demand for the packaging of fruits, and vegetables is expected to boost the growth of the global produce packaging market in the food industry. Pouches and bags are mostly manufactured using thin layers of aluminum, bio-based polyethylene, polypropylene, paperboard, and PET. They are recyclable and prove to be sustainable in case they are produced using bio-based polymers. They are suitable for fresh produce such as fruits, vegetables, and other products. In addition, Packaging has become an important part of our day-to-day life. The requirement of packaging is to protect food products from outside influences and damage along with maintaining a high level of freshness and taste. It also helps in the retardation of product deterioration, retainment of the beneficial effects of processing, helps in extension of shelf life, and increases and maintains the quality of fresh produce. Such factors are anticipated to provide lucrative opportunities for the produce packaging market growth.
Major players have adopted various strategies produce packaging market growth.such as product launch and acquisition to sustain the competition and improve the product portfolio. For instance, in February 2021, Smurfit Kappa Group PLC launched its innovative punnet portfolio products under that it provides a sustainable solution to plastic packaging for fresh renewable, recycled, and biodegradable.
The produce packaging market is segmented into Material, Packaging Type and Application and Region.On the basis of material, the market is divided into plastic, paper and paperboards and others. On the basis of packaging type, the market is divided into corrugated boxes, bags and liners, plastic containers, and Others. On the basis of application, the market is divided into fruits and vegetables. Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The produce packaging market is segmented on the basis of material into plastic, paper and paperboards and others. The plastic segment generated the highest revenue in 2021, due to a rise in need for the materials for packaging that could survive in the extreme environments and does not degrade in the extreme temperatures for preserving the quality of fresh produce is adopting the use of plastics as a material.
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.
The produce packaging market is segmented based on packaging type into corrugated boxes, bags and liners, plastic containers, trays, and others. Corrugated boxes accounted for the major share of the total produce packaging market share owing to various attributes such as recyclability, biodegradability and the light-weighted nature of the corrugated boxes making it an integral component in the packaging industry.
COMPETITION ANALYSIS
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.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current and emerging global produce packaging market trends and dynamics.
In-depth market global produce packaging market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
Extensive analysis of produce packaging market overview is conducted by following key product positioning and monitoring of top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
Produce packaging market forecast analysis from 2022 to 2031 is included in the report.
The key players with in produce packaging market are profiled in this report and their strategies are analysed thoroughly, which help understand the competitive outlook of produce packaging industry.
Produce Packaging Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 53.8 billion |
 Growth Rate | CAGR of 4.1% |
 Forecast period | 2021 - 2031 |
 Report Pages | 198 |
 By Material |
|
 By Packaging Type |
|
 By Application |
|
 By Region |
|
 Key Market Players | Sealed Air Corporation, Pactiv Evergreen Inc., International Paper Company, WestRock Company, Amcor PLC, Mondi Group, DS Smith Plc, Georgia Pacific LLC., Smurfit Kappa Group PLC, Berry Global Group, Inc. |
Analyst Review
The produce packaging market has observed huge demand in North America, Asia-Pacific, and Europe. Asia-Pacific is projected to register significant growth in the near future due to increased consumer disposable income, urbanization, and a rise in consumption of fresh produce such as fruits and vegetables and others due to the large population base. Moreover, rising awareness regarding organic consumption of fresh produce such as fruits and vegetables is expected to propel the global produce packaging market growth. The plastic segment generated the highest revenue in 2021, due to a rise in need for the materials for packaging that could survive in extreme environments and does not degrade in extreme temperatures for preserving the quality of fresh produce is adopting the use of plastics as a material.
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.
Increase in disposable income and surge in awareness among buyers of organic fresh produce are the upcoming trends of Produce Packaging Market in the world.
Vegetables is the leading application of Produce Packaging Market.
Asia-Pacific is is the largest regional market for Produce Packaging.
The global produce packaging market size was valued at $35,599.2 million in 2021.
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 are the top companies to hold the market share in Produce Packaging.
The base year considered in the global Produce Packaging market report is 2021.
The top 10 market players are selected based on two key attributes- competitive strength and market positioning.
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
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