Fresh Food Packaging Market to Reach $105.3 Billion by 2022
As packaging technologies evolve to be more refined and innovative, the use of plastics and paper & paper boards for fresh food packaging, is becoming increasingly prevalent
Packaging is a foundational component for food distribution systems with over 470 billion units of packaging volume generated annually at global level. Fresh food packaging is increasingly becoming synonymous with quality as it implies taste and nutrition. As packaging technologies evolve to be more refined and innovative, the use of plastics and paper & paper boards for fresh food packaging, is becoming increasingly prevalent. Some of the consideration parameters for choosing a fresh food packaging include efficiency, type of packaging material and use of packaging technology according to application. As per a recent report from IndustryARC, the global Fresh food packaging market is estimated to grow at a CAGR of 3.82% to reach revenue of $105.3 billion by 2022.
Plastics and Paper are the most effective materials used in fresh food packaging market. Additionally, the properties such as biocompatibility and biodegradability of these materials are set to drive the growth of fresh food packaging market. Paper based packaging is widely employed in various applications such as fruits, vegetables, frozen food and baked food packaging. Packaging is a complex method involving the use of various technologies to maintain the freshness, quality and nutritional values of food. These packaging materials are widely utilized for active, intelligent and other packaging technologies.