Innovations in produce packaging for vegetables and fruits are believed to have a lucrative effect on the market. Apart from this, numerous food processors are striving to bring down packaging waste. Therefore, the produce industry is now selling a large amount of produce in forms of retail packaging to reduce food waste, which also works as a marketing device.
Regional Insight
The global Produce Packaging Market Share has been broadly detailed in the MRFR report, with respect to regions like North America, Asia Pacific (APAC), the Middle East & Africa (MEA), South America and Europe.
North America has been observing a strong growth rate in the global market, thanks to the high research and development (R&D) investment as well as product innovation in packaging. The regional market growth is also backed by strict food safety policies in the United States (US) and Canada. A number of vendors in the regions are focusing on the development of smart packaging, which ensures high shelf life of the food and also maintains the nutritional quality.
Segmentation
The global market for produce packaging has been segmented with respect to packaging type, application, and end user.
Considering the packaging type, the global market includes bags and liners, corrugated boxes, plastic containers, and trays. In the year 2018, corrugated boxes accounted for the leading segment in the market and can note the highest growth rate in the following years.
Depending on the application, the global market covers fruits, salads, and vegetables. The vegetables segment formed the largest market in 2018 and has the potential to attain the highest CAGR in the next few years.
The end users included in the report are re-packers, retail stores, and growers/shippers. Among these, the growers/shippers segment had been the leading market in 2018.
Leading Companies
The companies that are currently leading the worldwide market for produce packaging are International Paper (US), Mondi (Austria), Sealed Air (US), Amcor plc (Australia), Sonoco Products Company (US), COVERIS (US), DS Smith (UK), Smurfit Kappa (Ireland), and others.
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