Global Fresh Food Packaging Market by Material (Flexible & Rigid Plastic, Paper & Paperboard, Metal, Glass, Others), by End-Use (Meat Products, Fruits, Vegetables, Dairy Products, Others), by Region (Asia-Pacific, North America, Europe, Rest of World) – Forecast to 2022.
Market Synopsis of Global Fresh Food Packaging:
Fresh food packaging is used to protect food products from environmental conditions by controlling moisture and maintaining freshness of food, by increasing their shelf life. It also provides information regarding the ingredients and nutritional value.
The growth of global fresh food packaging market can be attributed to growing demand for extended shelf-life of food products and increasing requirement for convenience food among consumers. In addition, increasing disposable income in developing economies is also expected to boost the market. However, the adoption of eco-friendly packaging techniques due to rising environmental issues is expected to be a major restraint that may limit the market growth. The global fresh food packaging market is poised to grow approximately at 4% CAGR and is estimated to touch USD XX billion market size by the end of 2022.
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Regional Analysis of Global Fresh Food Packaging Market:
Europe is the leading market and is projected to grow approximately at XX% CAGR during the forecast period. It is due to countries such as Spain, U.K., France and Ireland in the region where the investment is high in wind energy sector with favorable government regulations.
Europe is followed by Asia-Pacific due to the adoption of gearless wind turbines in the emerging nations such as China and India with growing energy needs in the region.
Key Players:
D.S. Smith Plc. (U.K.), Amcor Limited (Australia), Smurfit Kappa Group (Ireland), Coveris Holdings S.A (U.S.), Mondi Plc. (South Africa), Bemis Company, Inc. (U.S.), E. I. du Pont de Nemours and Company (U.S.), Silgan Holdings Inc. (U.S.), International Paper Company (U.S.) and RockTenn Company (U.S.) are some of the leading players operating in this market.
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