Food packaging market demand in Europe, analysis of recent trends and developments
Increasing demand for fresh fruits and vegetables to increase fresh food packaging market expansion as well as MAP are gaining popularity for fresh food packaging
PORTLAND, OR, UNITED STATES, September 9, 2021 /EINPresswire.com/ — The European fresh food packaging market was pegged at $ 1.11 billion in 2019 and is expected to reach $ 4.87 billion by 2026, registering a CAGR of 3.1% from 2019 to 2026. The report offers detailed analysis of key segments, including the best investment pockets, changing dynamics, market size and estimates, and competitive scenario.
MAP is gaining popularity for fresh food packaging and increasing demand for fresh fruit and vegetables to increase the expansion of the fresh food packaging market are the two main drivers for the growth of the European food packaging market. ‘fresh food. In addition, new technologies are giving impetus to the growing market. However, political instability could negatively affect the regional market and the negative environmental impact of food packaging hamper the growth of the market. On the other hand, the emergence of bioplastic for packaging fresh food and the use of cellulose nanocrystals will provide major opportunities for market growth in the years to come.
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The European fresh food packaging market is divided on the basis of food type, product type, material and country. Based on the type of food, the market is segmented into fruits, vegetables and salads. The vegetable segment held the largest share in 2019, contributing almost half of the market. However, the salad segment is expected to register the fastest CAGR of 5.2% during the forecast period.
On the basis of product size, the market is divided into Flexible Films, Rolls, Bags, Sacks, Flexible Paper, Corrugated Boxes, Wooden Boxes, Trays, and Shells. The valve segment held the lion’s share in 2019, accounting for over a quarter of the market share. Additionally, this segment is expected to post the fastest CAGR of 4.1% during the forecast period.
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The European fresh food packaging market is analyzed in various countries including Spain, UK, France, Italy, Russia, Germany and the rest of Europe. The rest of Europe dominated the market, contributing over a quarter of the market in 2019. Furthermore, this segment is expected to register the fastest CAGR of 4.6% during the study period.
The Europe Fresh Food Packaging Market report includes an in-depth analysis of key market players such as Mondi Group, Sonoco Products Company, International Paper Company, Hayssen, Inc., Ball Corporation, Smurfit Kappa Group, and Visy. They have adopted different strategies such as mergers and acquisitions, partnerships, collaborations, new product launches and others to gain a solid position in the global industry.
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