The produce packaging market share was valued at USD 32.85 billion in 2022 and is expected to rise at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030, when it is expected to reach USD 48.17 billion.
The market for produce packaging has grown significantly in recent years, and this growth trend is anticipated to continue in the years to come. The market's notable growth may be ascribed to a number of factors, such as the expanding need for effective packaging solutions, the growing awareness of food safety and cleanliness, and the growing demand for fresh produce.
The growing worldwide population is one of the main factors propelling the market's expansion since it has raised consumer demand for fresh produce. As customers grow more mindful of their health
Furthermore, the growing awareness of food safety and hygiene has become a crucial factor driving the demand for produce packaging. Consumers are becoming more conscious of the potential risks associated with contaminated food and are demanding packaging solutions that can ensure the safety and integrity of the produce. As a result, manufacturers are focusing on developing innovative packaging materials and technologies that can prevent contamination and maintain the freshness of the products.
Additionally, the need for efficient packaging solutions has become paramount in the produce industry. With the increasing globalization of the food supply chain, it has become essential to transport fruits and vegetables over long distances while maintaining their quality. Effective packaging plays a vital role in protecting the produce from physical damage, temperature fluctuations, and other external factors that can affect its freshness and appeal.
In conclusion, the Produce Packaging Market is poised for significant growth in the coming years. Factors such as the rising demand for fresh produce, increasing awareness of food safety, and the need for efficient packaging solutions are driving the market's expansion.
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KEY MARKET SEGMENTATION
By Type
· Trays
· Corrugates Boxes
· Bags and liners
· Plastic Containers
By Application
· Fruits
· Vegetables
· Food Grains
By End User
· Growers/Shippers
· Re Packers
· Retail Stores
Key Players
Some major key playersin the Active Intelligent Packaging market are Amcor PLC, Crown Holdings Inc, Mitsubishi Gas Chemical Co, Constar International Inc, Ball Corporation, 3M Company, Coveris Holdings SA, Sealed Air Corporation, LCR Hall Crest LLC, Varcode Ltd and other players.
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