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During the forecast period, the flour mixes market is expected to grow at a steady CAGR of 7%. The market is expected to generate US$ 26.9 billion in revenue in 2023, with a value of US$ 52.5 billion by 2033.

Consumer demand for ready-to-eat and processed foods is fast increasing, leading in the widespread use of batter mixes in a variety of convenience foods. In addition, the need for low-carb and gluten-free products is pushing batter mix production, which is a major driver of market expansion.

Furthermore, higher investments in R&D activities for developing batter technology are predicted to improve batter mix demand between 2022 and 2032.

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Growth is also linked to rising global demand for seafood. Flour mixes are used to coat fish in batter mixes to conceal the smell of seafood, increasing batter mix sales in the food sector.

It is also used in vegetarian cuisine, particularly those made with common vegetables, to add crispness, flavour, and taste to the food. As a result, the market for batter mixes is likely to grow rapidly in the coming years.

Key Takeaways from the Flour Mixes Market Study:

• Rising demand for premium quality prepared flour mixes with high nutritional content in the Asia Pacific is expected to drive the market.
• In 2022, North America is projected to dominate the market, accounting for around 2% of worldwide revenue.
• In 2022, Europe and the Middle East, and Africa flour mixes market, collectively, will account for approximately 8% of the total market share.
• In terms of product type, the batter mixture segment is projected to dominate the market over the forecast period.
• Based on application, the bakery shop segment is expected to account for significant share in the market.

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Who is winning?

Key players operating in the global flour mixes market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.

Some of the leading companies offering flour mixes are Nippon Flour Mills, Rikevita Food, Prima Flour, IREKS, AngelYeast, AB Mauri, Showa Sangyo, Griffith, Kerry, CSM, and others.

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FMI, in its new offering, provides an unbiased analysis of flour mixes presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032).

Flour Mixes Market By Category

By Product:

• Bread Mixes
  • Oat Bread
  • White Bread
  • Dark Bread
  • Multigrain Bread
• Batter Mixes
• Pastry Mixes

By Application:

• Food Processing Industry
• Household
• Bakery Shop
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Oceania
• MEA

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Frequently Asked Questions

• How big is the flour mixes market?
• What is the North America flour mixes market outlook?
• What is the Europe Flour Mixes Market Outlook?
• What are the key trends shaping the flour mixes market?

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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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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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During the forecast period, the refrigerated snacks market is expected to grow at a CAGR of 4.0%. The market is expected to generate US$ 88.11 billion in revenue in 2023, with a value of US$ 131 billion by 2033.

Low-calorie food products, such as chilled snacks, are in high demand around the world as people strive to live a healthier lifestyle. Hypermarkets and supermarkets are popular food retailing channels in urban areas, particularly among middle- and upper-income earners, whereas small businesses are preferred by low-income earners.

The number of flexitarian consumers is growing, which will help the refrigerated snacks market increase overall. Flexitarians adopt a plant-based diet with occasional meat consumption, which is more convenient for consumers than going completely vegan or vegetarian. The flexitarian population is rapidly expanding, increasing demand for plant-based commodities such as plant-based chilled snacks.

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Many food giants are supporting the sales of meat substitute goods. With the help of advanced food technology, manufacturers are developing plant-based food products with meat-like taste and texture attributes.

Key Takeaways from Market Study

• The market is segmented based on nature, wherein the conventional refrigerated snacks are anticipated to account for around 87% of the market share over the forecast period.
• The North America refrigerated snacks market is anticipated to dominate the global market with a share of around 29% in 2022.
• On the basis of type, refrigerated savory snacks are expected to hold dominant share in 2022, but the demand for refrigerated fruit snacks is expected to grow at a healthier pace forecast period.
• Based on sales channels, the retail/household segment accounted for nearly 59% of the global market, but the foodservice industry is expected to grow at higher rate over the forecast period. In the retail/household segment, online retail stores are expected to dominate the global market over the forecast period.
• As more consumers use smartphones to order food and groceries, e-Commerce is gaining traction around the world. Rapid digitalization has led to a widespread e-Commerce penetration in Asian countries, with China leading the way with a sizable market share. Refrigerated snacks have a long shelf life and can be packaged in a variety of ways, attracting a large customer base.

Competitive Landscape

The foodservice industry’s demand for labeled food is increasing. This is growing rapidly, particularly in developing countries. The easy accessibility of these goods in the retail market has led to a large consumer base, which presents opportunities for refrigerated snack manufacturers.

Refrigerated snack use in the food industry has grown dramatically in recent years. However, there is an inherent opportunity for producers to launch their products in the retail market in the near future in order to enter the food-service industry and households. The following are some noteworthy market developments:

• Tyson Foods has introduced a new line of functional refrigerated protein snacks under the Pact brand, which was created to assist people in harnessing the natural benefits of food.

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Refrigerated Snacks Market by Category

By Nature, Refrigerated Snacks Market is Segmented as:

• Organic
• Conventional

By Type, Refrigerated Snacks Market is Segmented as:

• Savoury Snacks
• Fruit Snacks
• Confectionery Snacks
• Bakery Snacks
• Others

By End-use Application, Refrigerated Snacks Market is Segmented as:

• Food Service Industry
• Retail/Household
  • Hypermarkets/Supermarkets
  • Traditional Grocery Stores
  • Convenience Stores
  • Discount Stores
  • Specialty Stores
  • Online Retail Stores
  • Other Sales Channel

By Region, the Refrigerated snacks Market is Segmented as:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

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Key Questions Answered in the Report

• How big is the refrigerated snacks market?
• What is the anticipated market value of the refrigerated snacks market by 2032 end?
• What is the refrigerated snacks market outlook?
• Which region is expected to drive the demand for the refrigerated snacks market?
• Who are the key players operating in the market?

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.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The vegan flour market is anticipated to expand its roots at an average CAGR of 4.0% between 2023 and 2033. The market is expected to have a market share of US$ 2.18 billion by 2033 while it is likely to be valued at US$ 1.51 billion in 2023

• The success of the vegan movement, growing animal sensitivity, and global societal trends are converting individuals to veganism. Furthermore, the numerous health benefits linked with vegan products such as vegan flour are driving up demand for vegan flour.
• The growing number of lactose-intolerant persons, combined with people embracing a vegetarian or vegan lifestyle, creates a place for market participants to explore. Furthermore, strong nutritional qualities, low fats, and low carbs assist these goods make it to the end-user’s plate.
• As a result of globalisation and increased exports and imports, both developed and developing countries are changing their eating patterns. As a result, vendors are adopting clean-label and innovative packaging for their products.
• The companies completing their sustainable goals along with the multiple vegan flours for targeted health conditions are expected to flourish the market growth. Moreover, social media influencers and celebrities turning vegan are also expected to transform consumer behavior during the forecast period.

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Key Points

1. The United States market leads the vegan flour market in terms of market share in North America. The United States region held a market share of 31.5% in 2022. The growth in this region is attributed to aware citizens for preventing animal cruelty, expanding veganism, and proliferating vegan food-based businesses.
2. The United Kingdom’s vegan flour market is another significant market in the Europe region. The market thrives at a leading CAGR of 11.0% between 2023 and 2033. The growth is attributed to the new product launches, high health benefits, and helpful impact on multiple chronic diseases.
3. India’s vegan flourmarket thrives at a leading CAGR of 9.0% during the forecast period. The market’s growth is attributed to the rising awareness of the vegan movement and products.
4. China’s vegan flour market also thrives at a CAGR of 10.0% from 2023 to 2033. The growth is attributed to the high imports of flour.
5. Based on product type, the soy flour segment held the leading market share of 45% in 2022. The growth is attributed to the affordable price, high-protein concentration, and easily-digestible properties.
6. The organic segment leads in the nature type category of the market as it held a significant share of 21% in 2022.
7. Based on application, bakery products consume most of the market as it held a leading market share of 32% in 2022.

 Competitive Landscape

The key vendors work on clean-label packaging, enhanced quality, and different vegan flour options. Key competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Key Players Working in the Vegan Flour Market

• Conagra Brands, Inc
• Cargill, Incorporated
• Archer Daniels Midland Company
• Ardent Mills LLC
• Spectrum Essentials
• Flour Farm’s
• Let’s Do Organic
• Bob’s Red Mill
• Others

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Recent Market Developments

• Spectrum Essentials has also launched its spectrum essentials soft gels, vegan ultra omega-3 EPA and DHA with vitamin D. The gels come with a lemon flavor.
• Bob’s Red Mill has introduced its 453 g organic coconut vegan flour with Non- GMO and High Fiber qualities.

Key Segments Covered

By Type:

• Soy Flour
• Oat Flour
• Quinoa and Rice Flour
• Nut-based Flour
• Cereal based flour

By Nature:

• Organic
• Conventional
• By Application:
• Bakery Products
• Soups, Sauces & Dressings
• Confectionaries
• Functional Foods

By Region:

• North America
  • The United States
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Europe
  • Germany
  • The United Kingdom
  • France
  • Spain
  • Russia
  • Rest of Europe
• Japan
• Asia Pacific Excluding Japan
  • China
  • India
  • Malaysia
  • Singapore
  • Australia
  • Rest of Asia Pacific Excluding Japan (APEJ)
• The Middle East and Africa
  • GCC Countries
  • Israel
  • South Africa
  • The Middle East and Africa (MEA)

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.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The plant-based nuggets market is anticipated to reach a valuation of US$ 448.5 million in 2023 and is expected to be worth US$ 708.6 million by 2033. The demand for plant-based nuggets is estimated to record a steady CAGR of 5.8% CAGR.

The market for Plant-based Nuggets is always growing as people seek more sustainable and meat-free choices. Thanks to improvements in plant-based protein technology, plant-based protein nuggets that nearly resemble the flavour and texture of classic meat-based choices are now accessible. Growing health consciousness and environmental concerns are driving industry growth and pushing more individuals to choose for plant-based solutions.

As more individuals adopt a vegan lifestyle and seek out plant-based alternatives, the plant-based nuggets industry will thrive. Veganism is growing in popularity, particularly among younger people concerned about the ethical and environmental consequences of animal husbandry.

Vegans love plant-based nuggets because they provide a quick and tasty source of protein without the usage of animal products. Companies in the plant-based nuggets industry can capitalise on this trend by designing goods that cater to vegan consumers’ special demands and tastes.

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Consumers are increasingly seeking out clean-label products that contain natural, minimally processed ingredients. This presents an opportunity for companies in the plant-based nuggets market to develop products with simple ingredient lists that appeal to health-conscious consumers. By using high-quality, recognizable ingredients and avoiding additives, preservatives, and artificial flavors, companies can position themselves as offering healthier and more wholesome alternatives to traditional meat-based nuggets.

Plant-based nuggets are becoming more widely available in grocery stores, supermarkets, and online retailers as more consumers seek out plant-based options. This trend is expected to continue as companies in the plant-based nuggets market expand their distribution channels and partner with retailers and food service providers to increase their reach.

The demand for plant-based nuggets is likely to be driven by plant-based products that closely mimic the taste and texture of traditional meat-based nuggets. This involves the use of novel plant-based proteins such as pea, soy, and wheat protein, as well as the incorporation of natural flavors and colors to improve the taste and appearance of plant nuggets. Moreover, companies are also experimenting with new processing methods, such as extrusion and texture, to create plant-based nuggets with a meat-like texture.

Key Takeaways:

• The plant-based nuggets market is projected to expand at a significant rate in the coming years, driven by increasing consumer demand for healthier and more sustainable food options.
• The market is being fueled by the development of innovative and convenient plant-based products that cater to a wide range of dietary needs and preferences.
• Opportunities in the market include the rise of veganism, demand for clean-label products, expansion into new geographies, cross-category innovation, and partnerships and collaborations.
• However, the market faces challenges such as competition from traditional meat-based products, concerns around the taste and texture of plant-based products, and the high cost of plant-based ingredients.
• Companies can overcome these challenges by investing in product innovation, developing strategic partnerships and collaborations, and investing in marketing and advertising to increase consumer awareness and acceptance of plant-based products.

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Competitive Landscape:

The competitive landscape in the plant-based nuggets market is rapidly evolving as new players enter the market and existing companies expand their product offerings. A few key players in the market include:

• Beyond Meat
• Impossible Foods
• Tyson Foods
• Kellogg’s
• Nestle
• Conagra Brands
• Tofurky
• Gardein

These companies are investing heavily in product innovation and marketing to gain a competitive edge in the market. They are also focusing on expanding their distribution networks to reach more consumers and increase their market share. Besides, there are growing small market participants in the market, who are introducing niche plant-based nugget products targeting specific consumer segments.

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Key Segmentation:

By Distribution Channel:

• Retail
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Food Services
• Online Retail
• HoReCa (Food Service Sector)

By Source:

• Soy-based Protein
• Wheat-based Protein
• Pea-based Protein
• Canola-based Protein
• Fava Bean-based Protein
• Potato-based Protein
• Rice-based Protein
• Lentil-based Protein
• Flax-based Protein
• Chia-based Protein
• Corn-based Protein

By Product Type:

• Plant-based Chicken
• Plant-based Pork
• Plant-based Beef

By Regional Outlook:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East and Africa

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.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The Latin America in-mold labels industry is poised for significant growth, with a forecasted CAGR of 5.8% over the next decade. Starting at a valuation of US$ 295.8 million in 2022, the market is expected to exhibit a substantial year-on-year growth rate of 5.3% in 2023, reaching US$ 311.6 million. However, the most noteworthy aspect is the long-term potential, as the market is projected to expand to a robust US$ 547.9 million by 2033.

A crucial driver of this growth is the food segment, which accounted for approximately 42.0% of the Latin America in-mold labels market in 2022. This segment is expected to create an incremental opportunity worth US$ 252.0 million, expanding nearly 1.9 times its current value from 2023 to 2033.

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The Latin America in-mold labels market has demonstrated a consistent growth trajectory, with a Compound Annual Growth Rate (CAGR) of 2.6% over the historical period, resulting in a market value of US$ 295.8 million in 2022, a significant increase from the US$ 267.4 million recorded in 2018.

This growth has been further accentuated by strategic moves made by industry leaders. In April 2023, Multi-Color Corporation expanded its presence by incorporating Korsini, a Turkish-based company renowned for providing in-mold label solutions. In January 2022, CCL Industries strengthened its position through the acquisition of McGavigan Holdings Ltd., a well-regarded supplier of in-mold components for automotive interiors. Similarly, in September 2021, Berry Global announced its commitment to long-term strategic growth by outlining plans to expand its food packaging manufacturing facilities in North America. These activities and mergers by prominent players have played a pivotal role in shaping the evolving landscape of the Latin America in-mold labels industry.

The increasing importance of product presentation and branding, especially in industries like food & beverage, cosmetics, and automotive, is a prominent factor. In-mold labels offer visually appealing and high-quality labeling solutions, enhancing product aesthetics and attracting millennial consumers.

Moreover, the region’s growing emphasis on sustainability and environmentally friendly packaging aligns perfectly with in-mold labels. These labels can be produced using recyclable materials, contributing to waste reduction and supporting a circular economy, which resonates with Latin America’s increasing awareness and preference for sustainable practices. This convergence of factors positions the Latin America in-mold labels industry for a promising future in the packaging and branding landscape.

Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Latin America In-mold Labels

With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.

In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.

Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Latin America In-mold Labels market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.

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Key Latin America In-mold Labels Market Takeaways and Projections

• The U.S. is expected to lead the North America Latin America In-mold Labels market, projecting the fastest growth in the region between 2021 and 2031
• Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
• China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
• India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2031.

Report Benefits & Key Questions Answered

• Latin America In-mold Labels Historical Market Analysis: The detailed survey by FMI, examines key factors in the Latin America In-mold Labels market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Latin America In-mold Labels market for the forecast period 2021-2031.
• Latin America In-mold Labels Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Latin America In-mold Labels for the assessment period. As per the study, the demand for Latin America In-mold Labels will grow at a robust CAGR between 2021 and 2031.
• Latin America In-mold Labels Market Trend Analysis: The latest study by FMI on the Latin America In-mold Labels market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Latin America In-mold Labels market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

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Latin America In-mold Labels Market Outlook by Category

By Process:

• Blow Molding
• Injection Molding
• Thermoforming

By Material:

• PP
• PET
• PS
• PE
• Paper

By Printing Method:

• Gravure
• Flexo
• Offset
• Screen
• Digital

By End Use:

• Food
• Beverage
• Pharma
• Homecare
• Cosmetics & Personal Care
• Automotive
• Others (Electronics, Building & Construction, Others)

By Country:

• Brazil
• Mexico
• Argentina
• Chile
• Colombia
• Peru
• Puerto Rico
• Ecuador
• Rest of Latin America

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.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

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.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

 

 

 

 

 

The United States Produce Packaging Market is witnessing a surge in demand primarily due to evolving consumer preferences and the impacts of the COVID-19 pandemic. With data from the United States Department of Agriculture indicating a substantial rise in the consumption of fresh fruits and vegetables, the trend is driven by increased health and wellness awareness among consumers.

In response to these changes, over 60% of the US population is incorporating fresh produce into their diets. This shift has also led to changes in consumer buying behavior, with a growing inclination toward e-commerce and online retail for fresh produce purchases. As a result, food service companies are experiencing a notable uptick in demand for fresh produce packaging supplies, including corrugated boxes, trays, bags & liners, and wooden crates.

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To meet this growing demand and align with sustainability goals, leading produce packaging companies are introducing innovative and eco-friendly solutions. For instance, Graphic Packaging International’s introduction of ProducePack, a sustainable paperboard packaging range designed for fresh produce applications, exemplifies the industry’s commitment to delivering effective and environmentally friendly packaging solutions. This adaptation not only meets the evolving requirements of end-users but also enhances the competitive edge of these companies in the market.

The global produce packaging market is poised to witness robust demand, projected to attain a total valuation of US$ 34,470.9 million in 2023, surging to US$ 44,447.6 million by 2033. Future Market Insights (FMI) forecasts a steady 2.6% Compound Annual Growth Rate (CAGR) in produce packaging sales between 2023 and 2033.

Several trends are driving the demand for produce packaging, shaping its growth trajectory. A notable trend is the escalating demand for fresh and organic food products. As consumers increasingly prioritize health and environmental concerns, their inclination towards fresh and organic food choices has soared. Consequently, this surge in demand for such products has directly propelled the need for efficient produce packaging solutions, a trend that is expected to perpetuate market growth.

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 market is set to flourish.

Blockchain produce 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.

Nestlé, a Swiss food company, put a QR code on each package of the Swedish coffee brand Zogas in 2020. Consumers have access to information about coffee farmers, harvest times, roasting times, and shipping certificates that go back to where the coffee was grown. IBM FoodTrust’s blockchain technology platform is used to do these things. This package’s new idea is likely to appeal to coffee drinkers who care about doing the right thing and who value sustainability.

In November 2021, Graphic Packaging Holding Company, which is a United States-based vertically-integrated provider of sustainable consumer packaging solutions, acquired AR Packaging Group for US$ 1.45 billion. The acquisition is expected to help Graphic Packaging strengthen its position as a provider of sustainable fiber-based packaging alternatives to consumer-packaged goods companies around the world. AR Packaging Group is a company in the United States that makes fiber-based consumer packaging.

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.

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.

Ask an Analyst: https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-5323

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.

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

Customized Research Report As per your Requirements: https://www.futuremarketinsights.com/customization-available/rep-gb-5323

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.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

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.

Contact Us:       

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Besides this, stretch hood film provides improved quality of wrapping. It gives a perfect presentation to the wrapped products eliminating the appearance of folds and creases which is common in shrink wrapping. Most of the consumers are gradually shifting to stretch hood films from tradition packaging and wrapping approaches as these films gives enhanced aesthetic looks, transparency, and gloss to show the contents of the load.

Stretch hood packaging offers great efficiency for securing pallet unit loads. Products packaged with stretch hood films enable maximum coverage as the package is covered horizontally and in transverse directions as per the packaging application.

Who is Winning?

• Sigma Plastics Group,
• Coveris Holdings S.A.,
• Novolex Holdings, Inc.,
• AEP Industries Inc.,
• Integrated Packaging Group Pty Ltd,
• Trioplast Industrier AB,
• Muller Load Containment Solution,
• RKW Group,
• Muraplast d.o.o.,
• Thrace Synthetic Packaging Limited,
• Rosenflex(UK) Limited,

Manuli Stretch S.p.A, Shields Bag and Printing Co., UAB Umaras, Gebr Duerrbeck Kunststoffe Gmbh Limited, Aalmir Plastic Industries and NPF Polyfilms Pvt Ltd are prominent players in the stretch hood films market. The stretch hood films market is fragmented and the key players in the market hold 15–20% share in the global stretch hood films market.

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Polyethylene stretch hood films are highly sought-after. As per FMI, polyethylene will be used in the production of nearly 70% of stretch hood films produced through 2031. Among end users, the demand from the construction sector also is expected to rise in the coming years.

Key Takeaways of Stretch Hood Films Market Study

• Stretch hood films sales are poised to surge, enabling the market exhibit 2.8% y-o-y growth in 2021, after a period of setback in 2020
• With manufacturing rising consistently, coupled with the demand for advanced packaging solutions, the U.S. will account for over 88% of sales in North America
• While 2020 proved uneventful, the U.K. market will register a positive 3.7% y-o-y growth in 2021
• Expansion of construction sector will fuel demand for stretch hood films in Japan and South Korea
• South Korea will exhibit higher rate of growth yet China will remain the dominant market for stretch hood films in East Asia

 “Closed film hoods lead to better theft protection compared to stretch wrapping. Stretch hood films further prevent dirt and moisture from damaging the products during loading and shipment.” says an FMI analyst.

Stretch Hood Films Find Application in Diverse Industries

Stretch hoods machine is one of the latest palletizing technology and offers benefits when compared to other palletizing methods. In recent times, stretch hood films manufacturers have not only improved the packaging technique and quality, but also emphasized on the quality of raw materials used to enhance performance. Stretch hood films manufacturers are continuously working on production of stretch hood films with more elasticity and reduced thickness.

Using stretch hood films reduces plastic consumption by 20%-30% as compared to shrink hoods or stretch film. It encourages manufacturers to grab this opportunity and innovate products which are less harmful to the environment. These films can be recycled easily so it drastically brings down the recycling cost.

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Increasing opportunities created by innovative product offerings are anticipated to induce established players to invest in research and development activities to further improve performance of stretch hood films. Increased load stability and elasticity of stretch hood films has created lucrative opportunity for the manufacturers of stretch hood films to cater multiple end use industries such as food & beverage, textile, shipping and construction among others.

Impact of COVID-19 on Stretch Hood Films Market

E-commerce and cargo shipments have been transporting huge number of products. Stretch hood films ensure load stability for transportation at the same time provide total visibility to the contents of a pallet. In the recent years, logistics industry has gained prominence due to rising technology. However, the outburst of COVID-19 pandemic has turned the normal functioning of the logistics sector.

Sudden drop in consumer demand created an immediate impact on shipping and port operations activity levels and altered corporate strategies. Lockdown across multiple geographies led to port congestion and reduced demand of stretch hood films from logistics industry. Trends in industry such as food & beverage and medical products confirmed resilience for demand of basic goods, which had continuous demand for packaging of goods.

Key Questions Answered in the Report:

(1) What are the growth opportunities for the new entrants in the Global Stretch Hood Films industry?

(2) Who are the leading players functioning in the Global Stretch Hood Films marketplace?

(3) What are the key strategies participants are likely to adopt to increase their share in the Global Stretch Hood Films industry?

(4) What is the competitive situation in the Global Stretch Hood Films market?

(5) What are the emerging trends that may influence the Global Stretch Hood Films market growth?

(6) Which product type segment will exhibit high CAGR in future?

(7) Which application segment will grab a handsome share in the Global Stretch Hood Films industry?

(8) Which region is lucrative for the manufacturers?

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.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

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.

Contact Us:       

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube