To keep food at its peak quality and in accordance with industry standards, it must be packaged in a way that prevents spoilage and keeps its contents safe from environmental hazards and physical harm. Polyethylene, paper, metal, BOPET (Biaxially-oriented polyolefin terephthalate), & poly-vinyl chloride are all examples of materials used to create fresh food packaging. Meat and meat products, vegetables, fruit, and seafood account up the bulk of worldwide fresh food packaging sales.
In tandem with the overall packaging business, the gourmet food packaging sector has been expanding. Increased consumer demand for packaged fresh food can be attributed in part to the packaging industry’s shift toward more environmentally friendly practices in response to rising environmental consciousness. These practices include the use of useful packaging material.
Forecasts put the value of the global fresh packaged foods market at USD 95.91 Billion until 2020, growing at a compound annual growth rate (CAGR) of 3.38 percent between 2015 and 2020.Forecasts put the value of the international fresh packaged food market at USD 95.91 Millions by 2020, growing at a compound annual growth rate (CAGR) of 3.38 percent between 2015 and 2020.
Progress Motivators:
- The Need for Quick Snacks
- Extending the Storage Life of Perishable Foods
Opportunities:
Environmentally friendly packaging innovations
Market trends are affected by consumers’ growing awareness of health issues.
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Most Commonly Used In:
- Meat and by-products of meat
- Produce
- Marine life
- Produce
- Poultry & Dairy Products
In terms of market share, the most important companies are Amcor Corporation (Australia), Coveris Holdings S.A. (United States), Smurfit Kappa Establish (Ireland), E. I. du Pont in Nemours and Company (United States), Mondi Private Limited (South Africa), Bemis had Company, Inc. (United States), International Paper Company (United States), D.S. Smith Plc (United Kingdom), Silgan holdings Inc.
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