From GlobeNewswire: 2024-09-19 11:11:00

The global Fresh Food Packaging Market is set to grow from USD 93.71 billion in 2024 to USD 124.15 billion by 2031, with a CAGR of 4.1%. Increasing demand for convenient packaging and innovations in active packaging materials are driving market growth.

Materials like paper & paperboard, bio-based plastics, and biodegradable materials are gaining popularity in the fresh food packaging industry. Manufacturers are focusing on sustainable packaging solutions to reduce environmental footprint and appeal to eco-conscious consumers.

Demand for convenient and easy-to-use food packaging is on the rise, driven by health awareness and busy lifestyles. Consumers are looking for packaging that offers convenience without compromising on quality. Brands and retailers are developing innovative packaging solutions with added convenience features like re-closable, leak-proof, and microwavable designs.

The market for fresh food packaging is projected to witness a CAGR of 4.1% during the forecast period. Flexible & rigid plastic materials dominate the market, while paper & paperboard options are expected to see higher growth. North America leads the market, with Asia Pacific emerging as the fastest-growing region.

Key players in the fresh food packaging market include International Paper Company, Mondi Group, Sonoco Products Company, Amcor, and Sealed Air Corporation. Companies are expanding their product portfolios and market presence through acquisitions and partnerships to meet growing demand for innovative packaging solutions.



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