The global sales of fresh food packaging is projected to reach USD 93.5 billion in 2024. The market is anticipated to expand at a moderate CAGR of 3.3% during the forecast period and is poised to reach a revenue of USD 129.6 billion in 2034. The market valuation of fresh food packaging market in 2023 was USD 90.5 billion and is expected to acquire a Y-o-Y growth of 3.5% in 2024.
Rise of food sectors across the globe due to growing urbanization and population. It is expected that the food sector expected to cater burgeoning growth in the forecasted period. The requirements of effective and safer packaging solutions are a key factor in this industry. Government bodies and end users strictly emphasizing the safety in the packaging of food products. If the package is not effective to store the food items, it may get contaminated and hence generate fatal effects to the end user.
To mitigate the issue, the FDA, EU Regulatory bodies, FSSAI and other regional legal systems have initiated strict measures. Fresh food packaging which built specifically built to prevent the contamination of food upon storage, use or transportation. Adopting these packaging solution can help the manufacturers to adhere with the regulation and consumer satisfaction.
Global Fresh Food Packaging Industry Forecast
| Attributes | Key Insights |
|---|---|
| Historical Size, 2023 | USD 90.5 billion |
| Estimated Size, 2024 | USD 93.5 billion |
| Projected Size, 2034 | USD 129.6 billion |
| Value-based CAGR (2024 to 2034) | 3.3% |
Paper based fresh food packages expected to lead the market. This is due to the fact that the lower production cost coupled with its availability positively impact the market. The growing environmental effect due to plastic is reasonable constrain to adopt plastic based solutions. However, manufacturers in this industry offering recyclability and emphasizing eco-friendly plastic solutions to mitigate the issue with a considerable extend.
Prominent plastic polymers such as polyethylene, polypropylene, polyvinyl chloride and other polymers have already acquired prominent market share in this industry and expected to continue the same in the future. However eco-friendly solutions such as starch based polymers, cellulose acetate and other bio-based packaging solutions gaining traction in the current market.
End users in the industry prefer both rigid packaging and flexible packaging solutions considerably to pack fresh food products. Rigid packaging is preferred to store food items such as bakery, ice cream and other easily perishable food items.
The flexible packaging on the other hand preferred to pack candies, ready-to-eat foods, bakeries and other fresh food items. It is expected that the flexible packaging sector expected to be gaining considerable traction in the forecasted period due to the growing emphasize on saving size and easiness of recycling.
Considering end-use use food producers and processors are expected to gain a prominent share in the market. This is expected to be witnessed in the future as well. The retail sector due to growing adoption and urbanization expected to acquire considerable traction in the future
The fresh food packaging market experiencing attractive growth during the forecast period. The market is expected to generate a growth opportunity of USD 39.1 billion by the end of 2034. The industry is projected to expand 1.4 times in the same period.
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The table provided below presents the poised CAGR for Global fresh food packaging market over several semi-annual periods spanning from 2024 to 2034. In the first half (H1) of the year from 2023 to 2033, the business is predicted to surge at a CAGR of 3.5%, followed by a slightly lower growth rate of 3.1% in the second half (H2) of the same year.
| Particular | Value CAGR |
|---|---|
| H1 | 3.5% (2023 to 2033) |
| H2 | 3.1% (2023 to 2033) |
| H1 | 3.2% (2024 to 2034) |
| H2 | 3.5% (2024 to 2034) |
Moving in the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to decrease slightly to 3.2% and increase at 3.5% in the second half. In the first half (H1), the market witness a decline of 40 BPS while in the second half (H2) the market expected to witness an increase of 30 BPS
Exigency of Proper Packaging to Extend the Shelf-life of Fresh Meat
Shelf life is considered to be a crucial parameter among end users (i.e. meat producers, co-packers, and retailers) while choosing packaging films and their specific reliable packaging type.
Barrier solutions and adoption of appropriate packaging types including vacuum and MAP enabled meat producers, co-packers and retailers to extend life of fresh meat foods by nearly 12X. In addition to that, these films also enhance the visual appeal of meat products, which further attracts meat product consumers.
The barrier films provide safety of the meat food items from moisture, dust and keep the newness for relatively longer time. Such solutions also stop this perishable food items from getting stale.
Therefore, a small increment in shelf life goes a long way in retaining the consumer base and expanding it. This helps in enhancing the market presence. Thus, need and improvement in shelf life has emerged as one of the important drivers for the global fresh meat packaging demand.
Adoption of Transparent Packaging Solutions to Boost Sales
The need for transparent packaging formats by fresh food packaging manufacturers is seen current market. This is because to increase sales and transparent solutions helps in food products good visibility and in gaining consumer sentiments.
Clarity of packaging solutions is sometimes recognized as a sign of the quality of the product. The need for transparent packaging is on the rise, especially in the food and beverages sectors. This create it functional for the consumer goods sector, where product characterization is at the center of producers focus.
Clear surfaces can be gained by creating films as they offer superior transparency and shine to the solution. This also help to reduce labelling, printing, and other costs on the manufacturing of packaging, as most of the surface is made to o evident packaging.
Key section of consumers make their decisions to buy at the point of purchase, which is possibly to be effected by the packaging. Hence, the need of such packaging formats are likely to increase the sale of fresh food packaging in the market.
Sustainability Offered by Flexible Packaging Formats to Augment Fresh Meat Packaging Market Growth
Flexible packaging materials have a number of sustainability advantages over rigid packaging materials. These include low raw material consumption, reduced energy usage, relatively low waste production, and low carbon footprint. Reducing the amount of material used in packaging can lead to a lowered environmental impact.
Governments worldwide are focusing on framing various stringent policies regarding reuse and recyclability of plastics. Implementation of such legislations to improvise sustainability are expected to propel the demand for flexible packaging in the future.
Other advantages of sustainable flexible packaging are CO2 emissions of flexible packaging are lower than that of rigid packaging by around 80%. Flexible packaging reduces 60% of solid waste and 80% of fossil fuel consumption as compared to rigid packaging.
Therefore, the sustainability advantages granted by flexible packaging are expected to drive demand for fresh meat packaging over the forecast period. Manufacturers also focus on product innovations in order to reduce oxygen migration, absorption of food odor, preserve food longer, and have high end appearance.
Emergence of New Bio-based & Biodegradable Plastic
The main applications of bio-based and biodegradable plastics are currently in packaging, food service ware, fibers/nonwovens, bags, and agricultural applications. Bio-based plastics including bio-PET and bio-PE are similar to their oil-based alternatives and can be applied to the similar applications.
The three most famously used bio-based solutions with unique characteristics are PLA, cellophane, and starch-based plastics. Major players continuously introduce new products that are bio-based in the flexible packaging market. Bio-based products such as sugarcane or potato starch can replace petroleum-based polyethylene, still a lot of research is undergoing.
Use of manmade biodegradable plastic resins for production of fresh meat packaging can offer stable sustainable products. Materials such as PLA, cellulose or starch-based solutions and PHA, can offer novel functionalities such as compostability and biodegradability. Vendors are introducing biodegradable and sustainable packaging to satisfy the growing demand for eco-friendly packaging products.
Regulatory Landscape & Budgetary Factors- Challenging Facets
Manufacturers and municipalities are searching for different alternatives as foodservice ware face increasing scrutiny due to awareness of the environmental effects of single-use plastic. Compostable items have been identified as one of the alternative materials. The organic recycling industry is facing a lot of challenges when it comes to the process of understanding foodservice operators’ needs.
The confusing regulatory landscape, budgetary factors, and performance capabilities hamper the fresh food packaging market’s growth. Businesses need to be assured that the fresh food packages is well-received by consumers and follows the regulatory framework.
Price is also a constant factor in any business decision. Price is a constant factor in the fresh food packaging business. Most of the certified fresh food packages are costly. The cost of arranging a separate collection for organic waste on top of municipal solid waste (MSW) and single-stream recycling (SSR) can be high.
Principal Consultant
The global market of fresh food packaging has recorded a CAGR of 2.9% during the historical period ie, 2019 to 2023. The market recorded a value of USD 81.4 billion in 2019 and has positively reached USD 90.5 billion in 2023.
The market of fresh food packaging consists of the sales, production and distribution of the packages specifically to preserve the freshness of the products longer time. These packages are getting huge traction in the current and forecasted period driven by the growing food sector across the globe. A boosting cultural shift in this sector coupled with urbanization increases the demand for effective solutions in the industry.
It is expected that the demand for effective fresh food packaging solutions will rise rapidly in the forecast period. Prominent end-use regions such as Asia Pacific and North America often experience troubles due to inefficiency in the packaging solutions. This leads to the contamination of products which further hamper the market adoption.
In the forecast period, paper-based fresh food packaging solutions are expected to acquire considerable traction in the forecasted period. It is expected to acquire 48% of the market in 2024. This dominance is because, paper-based solutions are easily recyclable, chemically inert and environmentally friendly. These properties enhance the adoption of paper-based solutions in the industry. Plastic-based solutions even though a prominent choice in the market, it is expected that this solution will lower the adoption in the future.
The issues such as environmental degradation, chemical leaching and other related factors hamper the widened adoption. Manufacturers adopting recyclability to mitigate the issue and to enhance the stability of the plastic-based solution adoption. Manufacturers can adopt bio-based or biodegradable plastic solutions to acquire consumer satisfaction and overall growth in the market.
Food producers and the food processing industry consume a major portion of the fresh food packaging. These sectors are boosting across the globe due to the rise in demand for effective food packaging solutions driven by growth in population and urbanization. It is expected that the market will acquire 57% of the overall value share in 2024.
During the forecasted period, these sectors are expected to acquire considerable traction. Industries such as meat and ready-to-eat food are easily perishable and have to be stored high cold or hot environments. Packages that keep the integrity of these products in these conditions getting huge traction in these sectors during the forecasted period. The retail sector is expected to acquire huge traction in the forecasted period.
It is because growing urbanization and a rise in middle-class income drive the adoption of retail sales as more end users prefer to purchase products from retail shops. Fresh food packages with a hygiene environment will positively impact that market and hence drive growth.
North America and Asia Pacific regions are considered to be the prominent regions in the market of fresh food packaging. North America is known for its both political and economic dominance. This advantage makes it one of the prominent attractions for immigration and tourism.
The rise in population and growth in the end-use industry have positively impacted the market to a greater extent. It is expected that dominance will be witnessed in the future as well. The presence of prominent manufacturers in the industry further improves the growth. Asia Pacific ie, East Asia and South Asia Pacific expected to dominate the market in terms of growth. The boosting population and economic advancement drive market growth.
Tier 1 companies contains the leaders with market revenue exceeding USD 100 million generating a cumulative market share of 10-15% of the global market. These players are differentiated by their high manufacturing and innovation facilities. Also, these market players are known by their prominent competence in manufacturing across multiple fresh food packaging solutions, good distribution network across multiple continents and countries with a strong consumer base.
These manufacturers continuously involved in the investment in development of novel fresh food packaging and continuously updating existing packaging with latest industrial standards. Prominent companies within Tier 1 include Amcor plc, Coveris, Sealed Air Corporation, Clondalkin Group, ProAmpac, Genpak, LLC, WINPAK LTD, Berry Global Group and others.
Tier 2 companies encompasses mid-sized manufacturers with revenue of USD 50 to 100 million having a good market presence in specific region and also have specified international base. These players offer fresh food packaging for multiple end use but may not be used in specialized solutions. These players lack diversity in product offering and advanced technology portfolio.
Considering Tier 1 companies, Tier 2 companies will have lower global reach and lesser investment in the research and development for the development of novel products. Prominent players in Tier 2 includes DS Smith Plc, WestRock Company, Interntional Paper Company., Smurfit Kappa, Sonoco Products Co, FLAIR Flexible Packaging Corporation, PPC Flexible Packaging LLC, Transcontinental Inc., FFP Packaging Ltd., Huhtamaki, GRUPO LANTERO, Clifton Packaging Group Limited, Pro-Pac Packaging Limited and others.
Tier 3 includes the small-scale companies or startups operating at the local presence and serving niche markets having revenue below USD 50 million. These manufacturers mainly focused on fulfilling local market demands and hence are characterized by Tier 3 companies.
They are small scale players and have limited geographical reach. Tier 3, is recognized as an unorganized market, denoting a sector characterized by a lack of extensive structure and formalization when compared to organized competitors.
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The contents below cover the industry analysis for the fresh food packaging market for multiple countries. Market demand analysis on key countries in multiple regions of the globe including North America, Latin America, East Asia, Western Europe and others are provided.
The United States is anticipated to be the leader in the North American fresh food packaging industry and expected to grow with a CAGR of 1.8% during the forecast period. In Europe, Germany anticipated to lead the market in terms of market share expected to grow with a CAGR of 1.5% during the forecast period.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| USA | 1.8% |
| Germany | 1.5% |
| China | 3.8% |
| UK | 2.1% |
| India | 6.1% |
| Japan | 0.5% |
| ASEAN Countries | 5.4% |
| France | 0.8% |
| Italy | 1.7% |
| Russia | 2.1% |
| Australia | 2.0% |
The fresh food packaging market in India expected to lead the overall South Asia and Pacific market. It is expected that the country will adopt fresh food packaging at a rate of 6.1% during the forecasted period.
Indian Ministry of Food Processing Industries have reported that the food sector in India is expected to experience substantial growth in the future. The market is currently growing at a rate of 7.3% and is expected to gain huge traction in the future. India, due to its demographical, cultural, geographical and political advantages, the consumption of food products is prominently larger. As per the latest reports, India ranked first considering the population.
The presence of a larger consumer base in this region is expected to impact the market positively during the forecasted period. Prominent manufacturers in the industry have started establishing a market presence in the region considering current market trends. Manufacturers can adopt bio-based and eco-friendly fresh food packaging solutions to adhere to the growing sustainable practice in the country.
The USA market for fresh food packaging expected to lead the North American fresh food packaging market. It is expected that the fresh food packaging market in the USA will grow at a CAGR of 1.8% during the forecasted period.
Flexible Packaging Association reported that the flexible packaging industry in the USA experiencing considerable growth in the current market and is expected to witness the trend in the future as well. In 2022, the sales of flexible packaging in the USA have reached USD 42.9 billion. Flexible packaging comprises 21% of the total USA packaging industry and is expected to grow in the future. Multiple reasons provide the reasoning for this trend.
Consumers feel more convenience by adopting flexible packaging solutions. These packages save space and reduce the weight. Compared to rigid packaging solutions, flexible packages are easily recycled and reused. The manufacturing cost and material needed for flexible packaging are way lower than rigid packaging and are expected to see adoption in the future as well.
Germany expected to lead the Western Europe fresh food packaging market. It is expected that the fresh food market in Germany acquire a moderate growth rate of 1.5% during the forecast period.
Our World in Data reported that the Germany reached second most meat consumers considering the entire Europe. It is also added that annually per person in Germany consumes an average of 90 Kg of meet which is expected to increase in the future. Germany’s growing consumption will impact the packaging sector, especially the fresh food packaging sector positively.
The meet is one of the most easily contaminated food items in the world. It is so important to safeguard meet products in an environment where there is no presence of external agents. These products are often stored in extremely cold or hot environments. Fresh food packages that adhere to these requirements are expected to boost their market adoption in prominent meat consumption regions such as Germany.
The section contains information about the leading segment in the fresh food packaging market. Paper based fresh food packages expected to acquire 48% of the market in 2024. Food producers and processing sectors acquire 57% of the overall market in the same period.
| Material | Paper |
|---|---|
| Value Share (2034) | 48% |
The adoption of paper-based fresh food packaging is expected to lead the overall market in the forecast period and is expected to continue this trend in the entire forecasted period. It is expected that the sales of these packages will be seen in the forecasted period.
There are various reasons for the trend. The lower production cost and chemically inert and eco-friendly nature of paper-based packages are expected to boost growth in the forecasted period.
Prominent manufacturers in the industry have adopted paper-based solutions to reduce the overall negative impact on sustainability and the end users have started to prefer paper-based solutions due to stringent regulation from the government side. Manufacturers can adopt innovative paper-based fresh food packaging with good and effective barrier properties.
Plastic-based solutions experience moderate growth in the forecasted period. It is expected that the growing sustainability and plastic ban emphasize the manufacturers to adopt more bio-degradable plastic solutions in the market. Manufacturers in the industry have started adopting recyclable mechanisms in their manufacturing plants to acquire consumer sentiment and legal requirements.
| End Use | Food Products and Processors |
|---|---|
| Market Share (2024) | 57% |
The food products and processors sector is expected to consume a major portion of the fresh food packaging across the globe. This is because the global food sector is growing rapidly due to the rise in population and urbanization. End Users have started adopting diverse varieties of innovation in the production of food and beverage items and are expected to witness this in the future as well. It is expected that the market will experience a heightened adoption in the current and forecasted period.
The booming e-commerce sector in the market is expected to positively impact the food and beverage industry. Food producers and processors need effective and efficient packaging solutions for their products to safeguard the food items' entire lives. Fresh food packages as they offer safe food packages during their storage and transport, it is expected to witness heightened adoption in the future.
The retail sector is expected to witness considerable growth in the forecasted period driven by growing urbanization which enhanced the accumulation of disposable income in the middle class societies. In the forecasted period, a large adoption of food items from the retail market. This will impact the growth of the sales of the fresh food packaging market in the forecasted period positively.
Key players of the fresh food packaging market are manufacturing and launching novel products in the market. They are collaborating with multiple end user firms to expand their geographical reach.
Key Developments in Fresh Food Packaging Industry
In terms of material, the industry is divided into Plastic (polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), and others (EVOH, PA, PLA, etc.)), Paper (Corrugated and Paper board), Metal and Glass.
In terms of technology, the industry is divided into Vacuum Skin Packaging (VSP), Modified Atmospheric Packaging (MSP), Aseptic Packaging, Retort Processing, and Others (Shrink Packaging, etc.)
In terms of packaging format, the industry is divided into Rigid packaging (Rigid boxes, Folding cartons, Food trays, Containers and Jars, and others) and Flexible packaging (Bags and sacks, Pouches, Films and wraps, and others)
In terms of end use, the industry is divided into Food producers and processors, Food shipper, Food re-packers and Retailers.
In terms of region, the industry is divided into North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe and MEA.
The fresh food packaging industry is projected to witness CAGR of 3.3% between 2024 and 2034.
The global fresh food packaging industry stood at USD 90.5 billion in 2023.
Global fresh food packaging industry is anticipated to reach USD 129.6 billion by 2034 end.
South Asia is set to record a CAGR of 4.5% in assessment period.
The key players operating in the fresh food packaging industry are Amcor plc, Coveris, Sealed Air Corporation, Clondalkin Group, ProAmpac, Genpak, LLC, Winpak Ltd, Berry Global Group.
1. Executive Summary
2. Industry Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market Trends and Success Factors
4. Market Background
4.1. Macro-economic and Industry Outlook
4.2. Market Dynamics
4.3. Value Chain Analysis
4.4. List of Key Market Participants (Manufacturers/Channel Partners)
4.5. Analysis of Key Industry Matrices
4.6. Industry Development Roadmap
5. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034
5.1. Historical Market Volume Analysis
5.2. Future Market Volume Projections
6. Pricing Analysis
7. Global Market Value (USD) Analysis 2019 to 2023 and Forecast 2024 to 2034
7.1. Historical Sales Analysis
7.2. Future Market Size and Growth Projections
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, Material
8.1. Plastic
8.1.1. Polyethylene (PE)
8.1.2. Polypropylene (PP)
8.1.3. Polyvinyl Chloride (PVC)
8.1.4. Others (EVOH, PA, PLA, etc)
8.2. Paper
8.2.1. Corrugated
8.2.2. Paper board
8.3. Metal
8.4. Glass
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Technology
9.1. Vacuum Skin Packaging (VSP)
9.2. Modified Atmosphere Packaging (MAP)
9.3. Aseptic Packaging
9.4. Retort Processing
9.5. Others (Shrink Packaging, etc.)
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Packaging Format
10.1. Rigid Packaging
10.1.1. Rigid Boxes
10.1.2. Folding Cartons
10.1.3. Food Trays
10.1.4. Container and Jars
10.1.5. Others
10.2. Flexible Packaging
10.2.1. Bags & Sacks
10.2.2. Pouches
10.2.3. Films & Wraps
10.2.4. Others
11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use
11.1. Food Producers & Processors
11.2. Food Shipper
11.3. Food Re-packers
11.4. Retailers
12. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
12.1. North America
12.2. Latin America
12.3. East Asia
12.4. South Asia and Pacific
12.5. Western Europe
12.6. Eastern Europe
12.7. Middle East and Africa (MEA)
13. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments
14. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments
15. Segments
16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments
17. South Asia and Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments
18. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments
19. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments
20. Middle East and Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments
21. Sales Analysis 2024 & 2034 by Key Market Segments for Key Countries
22. Competition Outlook including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
23. Company Profile
23.1. Amcor plc
23.2. DS Smith Plc
23.3. Coveris
23.4. WestRock Company
23.5. Interntional Paper Company
23.6. Smurfit Kappa
23.7. Sealed Air Corporation
23.8. Sonoco Products Co
23.9. FLAIR Flexible Packaging Corporation
23.10. PPC Flexible Packaging LLC
23.11. Transcontinental Inc.
23.12. FFP Packaging Ltd.
23.13. Huhtamaki
23.14. GRUPO LANTERO
23.15. CLONDALKIN GROUP
23.16. Clifton Packaging Group Limited
23.17. ProAmpac
23.18. Genpak, LLC
23.19. Pro-Pac Packaging Limited
23.20. WINPAK LTD
23.21. Berry Global Group
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Fresh Food Packaging Market
