Market outlook of the global fresh food packaging market
Technavio’s market research analyst predicts the global fresh food packaging market to grow moderately at a CAGR of around 4% by 2020. Increasing demand, acceptance, and consumption of ready-to-eat food products is one of the major factors for the growth of this market. Moreover, factors such as the populace’s rising demand for small-sized packs and the advent of different types of packaging in the market will spur market growth during the predicted period.
The growing demand for innovative packaging solutions will drive market growth during the predicted period. Augmented consumption of ready-to-eat food products will lead to the demand for packaging solutions that can extend the shelf life of the products enclosed. This has resulted in the advent of packaging technologies like modified atmosphere packaging (MAP). Since this technology helps to maintain an optimum oxygen level, its augmented usage during the estimated period will result in market growth.
Segmentation by material type and analysis of the fresh food packaging market
- Flexible plastic
- Rigid plastic
- Paper and paperboard
In this market study, analysts have estimated the flexible plastic packaging segment to account for more than 40% of the total market share by 2020. Since flexible plastic packaging is used to package fresh food items, an increase in the demand for fresh food products will lead to the growth of this market segment during the estimated period.
Geographical segmentation of the fresh food packaging market
Technavio market research analysts have estimated the APAC region to be the largest market for fresh food packaging during the forecast period. Factors such as the introduction of active and intelligent packaging solutions by vendors such as Amcor and the growing demand for flexible packaging will boost market growth in this region during the predicted period.
Competitive landscape and key vendors
The global fresh food packaging market is highly competitive as numerous vendors are introducing innovative products to strengthen their market footprint. The vendors in this market compete on the basis of performance, product features, quality, low cost, and distribution to gain maximum market prominence. Companies that have access to extensive financial resources can develop products, which will make the competitors' products obsolete and non-competitive before they are launched.
The leading vendors in the market are -
- Amcor
- Bemis
- Graphic Packaging
- Printpack
- Sealed Air
Other prominent vendors in the market include AEP Industries, American Packaging, Anchor Packaging, Ball, Berry Plastics, Bomarko, Cascades Sonoco, Coveris, Dolco Packaging, Exopack Holding, Genpak, InterFlex Group, International Paper, Leucadia National, LINPAC Packaging, Packaging Corporation of America, Pactiv, Robbie Manufacturing, Reynolds Group, Sonoco Products, WestRock.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global fresh food packaging market?
- What are the key market trends impacting the growth of the fresh food packaging market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global fresh food packaging market?
- Trending factors influencing the market shares of the APAC, North America, Europe, and ROW.
- What are the key outcomes of the five forces analysis of the fresh food packaging market?
Technavio also offers customization on reports based on specific client requirement.
Related reports:
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by material
- Global fresh food packaging market by flexible plastic
- Global fresh food packaging market by paper and paperboard
- Global fresh food packaging market by rigid plastic
- Global fresh food packaging market by other materials
PART 07: Geographical segmentation
- Global fresh food packaging market by geography
- Fresh food packaging market in APAC
- Fresh food packaging market in Europe
- Fresh food packaging market in North America
- Fresh food packaging market in ROW
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
- Competitive scenario
- Key vendor ranking 2015
- Key news/acquisition
- Key vendor analysis
- Amcor
- Bemis
- Graphic Packaging
- Printpack
- Sealed Air
- Other prominent vendors
PART 14: Appendix
PART 15: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape