Punnet Packaging Market

Punnets is the compact basket that is used for the packaging of vegetable and soft fruits like berries, grapes, cherries, mushrooms, and others. Punnets packaging increases the shelf life of the soft fruits and vegetables by preventing it from squashing, bruising, and spoiling. The punnet packaging is categorized into various types on the basis of material used such as plastics, paper, and molded fiber. The plastic based punnets are used extensively as the convenient way in the packaging of fresh soft fruits. The manufacturers are focused on making of recycle plastic punnets as a safe option for efficient food storage and meet regulatory norms for product safety.

COVID-19 scenario analysis:

• The demand for the punnet packaging is expected to decrease in the year 2020 due to lockdown imposed by the government and low demand from food & beverages industry.
• COVID-19 crisis is likely to affect the punnet packaging industry negatively, as a result of halted manufacturing and massive reduction in demand for luxury and non-essential services globally.
• COVID-19 crisis had a mixed impact on the packaging industry, mainly due to closure of physical retail stores globally. However, the availability of online retailing has absorbed the high impact of this shutdown.
• The requirement of eCommerce specific packaging is likely to remain strong, although the ecommerce companies would have to focus on protection of goods and sanitization of packages.
• In addition, the food packaging industry is on the frontline within the global packaging market, owing to the demand for essential products such as groceries and fresh food mainly from local e-retail sites.
• Industrial, transportation, and bulk packaging has faced a sharp decline, owing to decreased demand for non-essential goods during the first two quarters of 2020.
• Owing to the lowered disposable income of maximum population and weak demand for packaging from industrial goods, the packaging industry might face significant pressure of reduction in both wholesale as well as retail costs.
• Consumers are likely to stay hesitant for consumption of luxury products, travel, and hospitality services, which is expected to hinder the packaging industry growth in the future after the COVID-19 crisis.

Top impacting factors: Market Scenario Analysis, Trends , Drivers and Impact Analysis

The shifting global trends from the traditional packaging to the punnet packaging due to its convenience and recyclable properties is driving the growth of the punnet packaging market. The growing demand for the punnet packaging for the horticulture production is expected to boost the growth of the market. The recyclable polyethylene films or R-PET and polypropylene thin gauge sheets are replacing the traditional polypropylene punnet packaging for mushroom storage that can reduce the carbon footprint in the environment.

The increasing demand of paper and fibrepunnets as an alternative to plastic punnet for packaging of food products is expected to fuel the punnet packaging market. Further, the punnet packaging is a cost effective medium for packaging owing to its less warehousing costs, low disposal costs, minimum inventory levels, and easy packaging process. The punnet packaging reduce the damage of the food products during transportation which in-turn drives the market of punnet packaging. The recyclable polyethylene films or R-PET and polypropylene thin gauge sheets are replacing the traditional polypropylene punnet packaging for mushroom storage that can reduce the carbon footprint in the environment. However, the government stringent regulations on the plastic products can hamper the growth of plastic material segment of punnet packaging market.

New product launches to flourish the market

Thelaunch of new generation technologically advanced R-PET or recyclable polyethylene terephthalate products can boost the growth of the punnet packaging market. In December 2019, one of the global leader in punnet packaging AVI launched a multifunctionalpunnet container AT114. The AT114 product is specially designed air tight container for the packaging of cut fruits and vegetables. This product is a multistoragepunnet solution as it can be used as open top container, bottom air tight container, and heat seal container for the storage of fruits & vegetables.

High demand form applications:

The punnet packaging offer various applications in industries like packaging, pharmaceutical, food & beverages, and cosmetic products. The punnet packaging are often used for fruits & vegetables, bakery products & confectioneries, packaging trays for eggs, blisters & clamp-shells for consumer products, and punnets for electronics, medical instruments. The thin Polyethylene or PET punnets are used in packaging of horticulture products as horticulture products have a short shelf life and PET punnets packaging may preserve the products for longer duration. The PET punnet are eco-friendly owing to its recyclable & compostable plastic nature and meeting of the global standards for product safety. The punnets offer maximum convenience to the customers. The punnets are easy to use and are the best option for the transportation of fruit & vegetables across long distances. Moreover, punnets are used in the pharmaceutical industry for the medical packaging such as medical system, pills, medical kits, syringes and others and providing safety from external harmful sources that can damage the products.

Key benefits of the report:

• This study presents the analytical depiction of the punnet packaging market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the punnet packaging market share.
• The current market is quantitatively analyzed to highlight thepunnet packaging market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed Market analysis based on competitive intensity and how the competition will take shape in coming years.

 Punnet Packaging Market Report Highlights