European fresh food packaging market expected to reach $ 4,890.6 million by 2026
Today’s consumers are more health conscious and prefer healthier, tastier and fresher vegetables.
PORTLAND, OR, UNITED STATES, August 20, 2021 /EINPresswire.com/ – According to a new report released by Allied Market Research, titled “European fresh food packaging market By Food Type, Product Type and Material: Analysis of Industry Opportunities and Forecast, 2019-2026 ”, the European fresh food packaging market size was $ 3,718.2 million in 2017 , and is expected to reach $ 4,890.6 million by 2026, registering a CAGR of 3.1% from 2019 to 2026.
Food packaging helps to delay product spoilage, retain the beneficial effects of processing, extend shelf life, and increase and maintain food quality and safety.
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Large-scale manufacturing processes to improve the packaging of fresh foods have remained a focus for stakeholders engaged in the industry. As a result, the European fresh food packaging market has seen an increase in innovation in recent years. The introduction of technologies such as nanotechnology and biotechnology has revolutionized the growth of the European fresh food packaging market. Technologies such as edible packaging, micro-packaging, antimicrobial packaging and temperature-controlled packaging are all poised to revolutionize the food packaging market. The ability to deploy large-scale manufacturing and innovate in competitive technologies has been recognized as the next key driver of the European fresh food packaging market.
Cellulose nanocrystals, also known as CNC, are now used for food packaging. CNCs provide advanced barrier coatings for food packaging. Derived from natural materials such as plants and woods, cellulose nanocrystals are biodegradable, non-toxic, have high thermal conductivity, sufficient specific resistance and high optical transparency. These characteristics make it an ideal component for advanced food packaging. CNCs can be easily dispersed in water and have a crystalline nature. As a result, manufacturers in the European fresh food packaging industry can control the structure of the packaging to destroy free volume and optimize its properties as a barrier material.
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The European fresh food packaging market is segmented on the basis of food type, product type, material type and country. Depending on the type of food, the market is classified into fruits, vegetables and salads. Depending on the type of product, the market is studied in flexible films, rolls, bags, sacks, flexible paper, corrugated boxes, wooden boxes, trays and shells. Based on material, the market is categorized into plastics, wood, paper, textile, and others. The European fresh food packaging market is studied in Spain, UK, France, Italy, Russia, Germany and the rest of Europe.
Main findings of the European fresh food packaging market:
The plastic segment was the major contributor to the European fresh food packaging market in 2018 and is expected to grow at a robust CAGR during the forecast period.
Clamshell & Flexible Paper Segment Expected To Grow With Above Average CAGR During Forecast Period
In 2018, on the basis of product type, corrugated boxes accounted for around 11.5% of the fresh food packaging market share in Europe and is expected to grow at a CAGR of 2.7%.
Consumption of rigid packaging material is expected to be approximately 1,674 KT by the end of the forecast period, increasing with a CAGR of 2.7%
In 2018, depending on the country, Italy accounted for a leading market share and is expected to grow at a CAGR of 3.3% throughout the forecast period.
The rest of Europe accounted for around 28.6% of the market in 2018 from a growth perspective, France and the rest of Europe are the two potential markets, which are expected to experience robust growth during the period forecast. At present, these two segments represent 41.5% of the market share.
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Key players in Europe Fresh Food Packaging Market Analysis include Sonoco Products Company, Hayssen, Inc., Smurfit Kappa Group, Visy, Ball Corporation, Mondi Group, and International Paper Company.
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