The global fresh produce trays market is anticipated to reach a valuation of US$ 142.8 billion in 2023, driven by sustainable packaging solutions. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.0% between 2023 and 2033, and reaching a total valuation of approximately US$ 232.6 billion by 2033.
One of the major factors contributing to the growth of the fresh produce trays market is the modified atmosphere packaging is an advanced technology used to extend the shelf life of fresh produce. The trays are equipped with gas-permeable films or pads that control the atmosphere within the tray, creating an optimal gas composition to slow down the natural ripening process of fruits and vegetables. MAP technology helps preserve the freshness, texture, and nutritional content of the produce, contributing to lower food waste and enhanced consumer satisfaction, by reducing oxygen and increasing carbon dioxide levels.
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The incorporation of active packaging technologies is another factor driving the growth of the fresh produce trays market. Active packaging involves integrating additives or components that interact with the packaged food to extend shelf life and improve product safety. For instance, antimicrobial coatings and moisture-absorbing pads can help inhibit the growth of microorganisms and reduce the chances of spoilage, ensuring that the produce remains fresh for a longer duration.
The rise of e-commerce and online grocery shopping has significantly impacted the packaging requirements for fresh produce. Fresh produce trays are designed to meet the specific needs of online retailing, with more consumers opting for the convenience of home delivery. Trays with secure locking systems, tamper-evident features, and protective cushioning ensure that the produce is delivered intact and in optimal condition, further enhancing consumer confidence in online grocery purchases.
Key Takeaways from the Market Study:
- Global fresh produce trays market was valued at US$ 136.0 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 2.3%.
- North America is expected to hold a dominant CAGR of 4.9% during the forecast period.
- By material, plastic segment is expected to constitute a CAGR of 4.9% in 2033.
- On the basis of distribution channel, online segment is expected to dominate the market with a CAGR of 4.9% in 2033.
- From 2023 to 2033, fresh produce trays market is expected to flourish at a CAGR of 5.0%.
- By 2033, the market value of fresh produce trays is expected to reach US$ 232.6 billion.
Food safety and hygiene, across the globe, is a major factor that is expected to propel the growth of the fresh produce trays market in the near future, remarks an FMI analyst.
Competitive Landscape
Prominent players in the fresh produce trays market are DS Smith, Smurfit Kappa, ILIP S.r.l., Earthpac, RPPL Industries Ltd., Produce Packaging (United Kingdom), NNZ Group, Crawford Packaging, PACCOR Packaging Solutions, Cascades Inc., among others.
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Recent Developments:
- In 2023, International Paper, a key player in the paper and packaging industry, made a significant stride with its NatureFlex tray. The sustainable packaging solution for fresh produce is made entirely from 100% renewable materials, aligning with the company’s commitment to environmental stewardship. The NatureFlex tray stands out for its compostable properties, as it can be conveniently composted in industrial composting facilities.
- In the same year, WestRock, a global leader in innovative packaging solutions, introduced the Eco-Lite tray, a cutting-edge sustainable packaging solution for fresh produce. Crafted from recycled paperboard, the Eco-Lite tray underscores WestRock’s dedication to promoting a circular economy. The tray’s recyclability in standard paper recycling streams further enhances its environmental profile.
- In 2022, Mondi, a renowned global packaging and paper company, introduced its latest innovation, the EcoSpeed tray. The sustainable packaging solution is specifically designed for fresh produce and is crafted entirely from 100% renewable materials. The EcoSpeed tray is recyclable in standard paper recycling streams, further bolstering its eco-friendly credentials.
- In the same year, Sonoco, a leading global provider of packaging solutions, unveiled its groundbreaking FreshBox tray. Engineered as a sustainable packaging solution for fresh produce, the FreshBox tray is manufactured using recycled paperboard. Its design ensures that it can be easily recycled in standard paper recycling streams, contributing to a circular economy and reducing environmental impact.
More Valuable Insights Available:
Future Market Insights offers an unbiased analysis of the global fresh produce trays market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the fresh produce trays market, the market is segmented on the basis of material (paper & paperboard, molded fiber, plastic, and foam), partition (with partition, and without partition), and by distribution channel (online, and offline), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).
The packaging team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
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