The size of the Fresh Food Packaging Market share was USD 129.32 billion in 2022 and is projected to reach USD 188.18 billion by 2030, with a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2023 to 2030.
Fresh food packaging plays a crucial role in preserving the quality and extending the shelf life of perishable food items. As consumer demand for fresh and healthy food continues to rise, the market for fresh food packaging is expected to experience significant growth.
In 2022, the market size of fresh food packaging reached a substantial USD 129.32 billion. However, with changing consumer preferences and increasing awareness about food safety and hygiene, the market is anticipated to witness substantial expansion, reaching USD 188.18 billion by 2030.
The projected CAGR of 4.8% over the forecast period highlights the steady growth trajectory of the fresh food packaging market. This growth can be attributed to various factors, including the increasing adoption of sustainable packaging solutions, advancements in packaging technologies, and the rising demand for convenience and ready-to-eat food products.
Furthermore, the market is driven by the growing need for extended shelf life and improved food safety measures. Fresh food packaging not only protects the quality and freshness of food items but also helps in reducing food waste, thereby contributing to a more sustainable and efficient food supply chain.
In conclusion, the fresh food packaging market is poised for substantial growth in the coming years. With the increasing demand for fresh and healthy food, coupled with advancements in packaging technologies, the market is expected to reach USD 188.18 billion by 2030, growing at a CAGR of 4.8% from 2023 to 2030.
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KEY MARKET SEGMENTS
By Raw Material
l PE
l PP
l PVC
l Aluminum
l Paper
By Packaging Type
l Flexible Paper
l Converted Roll Stock
l Corrugated Box
l Gusseted Bags
By End Use
l Dairy Products
l Meat Products
l Fruits
l Vegetables
l Others
Key Players
Some major key playersin the Fresh Food Packaging market are DS Smith Plc, PPC Flexible Packaging LLC, Sonoco Products Company, Amcor plc, ProAmpac, CLONDALKIN GROUP, Transcontinental Inc, Sealed Air, Clifton Packaging Group Limited, FLAIR Flexible Packaging Corporation and other players.
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