The produce packaging market is anticipated to enjoy robust demand, with a total value of US$ 34,470.9 million in 2023 increasing to US$ 44,447.6 million by 2033. Between 2023 and 2033, FMI expects the sales of produce packaging to expand at a 2.6% CAGR.
Changing eating habits and lifestyles may cause people to buy more packaged goods, which could have a big effect on the produce packaging. A rise in the amount of disposable income per person and a rise in the population is expected to help increase the demand for the product because of its high barrier properties, long shelf life, and safety for the consumer.
People want natural, high-quality foods that haven’t been processed much or at all, don’t contain preservatives, and last longer. Food is packaged for many reasons, such as to keep out dirt and bugs, to make it easier to carry, and to control how much food is eaten. Sustainable packaging helps reduce food waste and loss by preventing food-borne diseases, and chemical contamination, and keeping the quality of food.
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Another significant trend impacting produce packaging sales is the rising preference for meat- and gluten-free food products. The growing adoption of vegetarian, vegan, or specialized diets has led to an increased consumption of fresh produce. This dietary shift, in turn, drives the demand for produce packaging supplies, further contributing to the market’s expansion. As these trends continue to influence consumer choices, the produce packaging industry is set to flourish.
Blockchain product packaging is a key trend that is gaining popularity in the produce packaging market. Blockchain is a way to store data that makes system updates, hacks, and fraud very hard or impossible. Blockchain makes it possible for customers and businesses to track products back to their place of origin. It’s as easy as putting a QR code on a package to get information quickly. This smart feature has increased transparency and quality assurance for customers, which is why many companies have already adopted blockchain for the same reason.
Key Takeaways
- The corrugated boxes segment held a share of 35.5% in 2022.
- Market growth is expected to be driven by the rising demand for fast food.
- Japan produce packaging market is expected to record a CAGR of 6.3%.
- The demand for produce packaging is likely to be slowed down by quickly changing technologies and rising costs of raw materials.
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Competitive Landscape
The produce packaging market is marked by differentiation, growing service penetration, and a lot of competition. Innovation in design, technology, and application can give a business a sustainable competitive edge. During the forecast period, the company concentration ratio is expected to grow at a faster rate, since many players see the market as a good chance to combine their products. The players in the market are affected by things like short product development cycles and high barriers to leaving. Overall, the level of competition is likely to be very high.
Recent Developments:
In May 2022, Berry Global Group, Inc. announced that it may work with Cleanfarms and Poly-Ag Recycling on a closed-loop plan to improve Canada’s circular economy. The recycling program in Canada was started at the beginning of 2022. Its goals are to recover used agricultural films, process recovered grain bag material, and make new products with recycled content.
In October 2021, the Smurfit Kappa Group paid US$ 390 million to buy the 600,000-ton containerboard mill Verzuolo in Northern Italy. This mill adds to what the company is already doing and is strategically placed near the port of Savona, which helps the company a lot with operations and logistics.
Industry Trends:
- Minimalist Packaging Designs: A trend towards minimalist and aesthetically pleasing packaging designs is emerging. Consumers are drawn to clean and simple packaging that reflects transparency and authenticity, aligning with the growing preference for natural and organic produce.
- Smart Packaging Integration: The integration of smart packaging features, such as QR codes, RFID tags, and sensors, is on the rise. These technologies provide consumers with real-time information about the origin, freshness, and quality of the produce, enhancing transparency and traceability throughout the supply chain.
- Customization and Personalization: Brands are increasingly adopting customizable and personalized packaging to meet the diverse preferences of consumers. Packaging that allows for branding flexibility and unique designs tailored to specific products or occasions is gaining popularity in the market.
- Focus on Recyclability and Circular Economy: The push towards a circular economy is influencing the produce packaging industry, with a focus on recyclable materials and closed-loop systems. Companies are adopting packaging solutions that promote recycling, reduce waste, and contribute to a more sustainable supply chain.
- Increased Emphasis on Hygiene and Safety Features: The COVID-19 pandemic has accelerated the demand for packaging solutions that prioritize hygiene and safety. Antimicrobial coatings, touchless packaging options, and tamper-evident features are becoming more prevalent as consumers seek reassurance regarding the safety of their food products.
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Key segments
Application:
- Food Grains
- Vegetables
- Fruits
End User:
- Growers/Shippers
- Re-packers
- Retail Stores
Packaging Type:
- Corrugated Boxes
- Bags & Liners
- Plastic Containers (Cups, Tubs, Bowls, etc.)
- Trays
- Other Packaging (Plastic Film, Molded Pulp Containers, Wooden Crates, etc.)
Region:
- North America
- Latin America
- Europe
- Asia Pacific excluding Japan (APEJ)
- The Middle East & Africa
- Japan
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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