Global Produce Packaging market growth 2024, Forecast To 2033
8 Feb, 2024
The produce packaging market has shown strong growth, rising from $33.87 billion in 2023 to $35.83 billion in 2024, with a CAGR of 5.8%. This growth is attributed to factors such as expansion in agriculture and fresh produce industries, increased demand for efficient and sustainable packaging, global supply chain expansion, and the development of protective and shelf-life-extending packaging. Projecting into the future, the market is expected to reach $45.53 billion in 2028, with a CAGR of 6.2%. Emerging trends encompass the adoption of blockchain and traceability solutions, customized packaging for specific fruits and vegetables, growth in e-commerce and direct-to-consumer models, and innovation in smart and IoT-enabled packaging.
Global Produce Packaging Market Key Driver
The growth of the produce packaging market is expected to be fueled by the rising consumer preference for organic fresh produce. Increased awareness of the benefits of organic food has led to a higher consumption of organic fresh produce. A survey conducted in January 2021 revealed that 89% of surveyed consumers switched to organic consumption, with 90% experiencing positive changes in their overall health. The rising preference for organic fresh produce is driving the growth of the produce packaging market.
Get A Free Sample Of The Global Produce Packaging Market ReportGlobal Produce Packaging Market Segments
The global produce packaging market covered in this report is segmented –
1) By Packaging Type: Corrugated Boxes, Bags and Liners, Plastic Containers, Trays, Other Packaging Types
2) By Application: Food Grains, Vegetables, Fruits
3) By End User: Growers or Shippers, Re-packers, Retail Stores
By Geography: The regions covered in the Produce Packaging market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North Americawas the largest region in the produce packaging market in 2023. The regions covered in the produce packaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Produce Packaging Industry Players
Amcor plc, Bemis Company Inc., Berry Global Inc., International Paper Inc., Mondi Group PLC, Sealed Air Corporation, Smurfit Kappa Group, Sonoco Products Company, WestRock Company, DS Smith PLC, Coveris Holdings S.A., Reynolds Group Holdings Limited, Ardagh Group S.A., BALL CORPORATION, BASF SE, Cascades Inc., Tetra Laval Group, Corteva Agriscience, Produce Packaging Inc., Evergreen Packaging LLC, Genpack LLC, Gerresheimer AG, Huhtamaki Oyj, KapStone Paper and Packaging Corporation, Packaging Corporation of America, Pactiv Evergreen Inc., RockTenn Company, Silgan Holdings Inc., Sabert Corporation
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Produce Packaging Market Overview
Produce packaging refers to a type of packaging process that protects food from damage caused by impacts, insects, microorganisms, moisture, and odors. Produce packaging is a valuable and necessary tool that enables farmers and makers to deliver food in the simplest, most convenient, and least expensive way possible.
Produce Packaging Global Market Report 2023 provides data on the global produce packaging market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The produce packaging market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.