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What Is the Growth Potential of the Produce Packaging Market in the Next Decade?
The produce packaging market size has grown steadily in recent years. It will grow from $35.6 billion in 2024 to $37.28 billion in 2025 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to growth in agriculture and fresh produce industries, demand for efficient and sustainable packaging, expansion of global supply chains, development of protective and shelf-life-extending packaging, regulatory standards for food safety and labelling.
The produce packaging market size is expected to see strong growth in the next few years. It will grow to $48.36 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to adoption of blockchain and traceability solutions, customized packaging solutions for specific fruits and vegetables, growth in e-commerce and direct-to-consumer models, innovation in smart and iot-enabled packaging, increased use in organic and specialty produce, expansion in urban farming and vertical agriculture. Major trends in the forecast period include smart and freshness-monitoring produce packaging, regulatory compliance in food safety and sustainability, biodegradable and compostable packaging materials, personalized packaging for specific consumer preferences, transparency and traceability in the supply chain.
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What Are the Key Growth Factors Supporting the Produce Packaging Market Expansion?
Rising consumer preference for organic fresh produce is expected to propel the growth of the produce packaging market going forward. Organic food is grown without the use of synthetic chemicals, such as pesticides and fertilizers, made by humans and does not include genetically modified organisms (GMO). Higher consumption of organic fresh produce has resulted from increased awareness of the benefits of organic and natural food products. For instance, in August 2023, according to a report published by the United States Department of Agriculture, a US-based federal agency, contracted tomato production in California is forecast at 12.9 million tons for 2023, with an average yield of 50.8 tons per acre. This is a 23% increase from last year’s 10.5 million tons and 2% higher than the May estimate. The projected harvested area is 254,000 acres, up 13% from 2022. Therefore, rising consumer preference for organic fresh produce is driving the growth of the produce packaging market.
Which Segments Are Attracting Maximum Investment in the Produce Packaging Market?
The 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
Subsegments:
1) By Corrugated Boxes: Regular Slotted Containers (RSC), Die-Cut Boxes, Printed Corrugated Boxes
2) By Bags and Liners: Polyethylene (PE) Bags, Woven Bags, Biodegradable Bags, Liners for Bulk Containers
3) By Plastic Containers: Clamshell Containers, Stackable Containers, Tupperware-style Containers
4) By Trays: Plastic Trays, Cardboard Trays, Biodegradable Trays
5) By Other Packaging Types: Stretch Film, Vacuum Packaging, Modified Atmosphere Packaging (MAP)
What Are the Significant Trends in the Produce Packaging Market Across Regions?
Blockchain produce packaging is a key trend gaining popularity in the produce packaging market. Blockchain is a data storage method that makes system updates, hacks, and fraud extremely difficult or impossible. Blockchain allows customers and businesses to track products directly from their place of origin. It gives quick and easy access to information with something as simple as a QR code on a package. This smart feature has enhanced transparency and quality assurance for customers, because of which many companies have already adopted blockchain for the same. For instance, in September 2023, Jus de Fruits Caraïbes, a France-based fruit juice company, launched an interactive connected packaging campaign for the Banga brand. The campaign, accessed via QR codes on the packaging, includes a fruit-slicing game that supports a local children's charity with each play. It also features a quiz and educational content about recycling, the brand's sustainability efforts, and the use of tethered caps.
Which Major Companies Are Operating in the Produce Packaging Market?
Major companies operating in the produce packaging market include 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, 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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How Is Regional Performance Expected to Affect Produce Packaging Market Growth?
North America was the largest region in the produce packaging market in 2024. The regions covered in the produce packaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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