Market Leader – Fresh Food Packaging Market
“Browse 173 market data tables and 44 figures spread over 184 pages and an in-depth table of contents on the ‘Food Packaging Market Market'”
Fresh food packaging market by material (PE, PP, paper, aluminum, BOPET, PVC), packaging type (converted roll stock, gusseted bags, flexible paper, corrugated box), application (products to meat, vegetables, seafood, fruits) and Region
The Global fresh food packaging market the size is expected to grow from $ 79.8 billion in 2020 to $ 95.2 billion by 2025, at a CAGR of 3.5% between 2020 and 2025. Major market drivers include growing demand for ready-made food products use and innovative packaging solutions for an extended shelf. life of fresh food products.
The major players in the fresh food packaging market are Amcor PLC (Australia), Interntional Paper Company (US), WestRock Company (US), Sealed Air Corporation (US), Smurfit Kappa (Ireland) , Coveris (Vienna), DuPont (United States), DS Smith PLC (United Kingdom), Mondi PLC (South Africa), Silgan Holdings Inc. (United States), Sonoco Products Co. (United States), Schur Flexibles (Austria), Anchor Packaging Inc. (United States), Printpack Inc. (United States), Bomarko Inc. (United States), Packaging Corporation of America (United States), Graphic Packaging Holding Co. ( United States), Ampacet Corporation (United States), Ultimate Packaging Limited (United Kingdom) and Temkin International Inc. (Utah). These players have adopted various strategies, such as merger and acquisition, investment and expansion, launch / development of new products and partnership, contracts and agreements, a joint venture between 2016 and 2020 , to increase their market share and expand their global presence.
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Amcor PLC (Australia) is the largest player in the market. The company is present in North America, Europe, Asia-Pacific and emerging markets. It is one of the leading companies engaged in the manufacture and distribution of plastic and fresh food packaging. The company is focused on increasing its profitability by strengthening customer relationships and expanding its presence by adopting both inorganic and organic strategies, such as deals and contracts in emerging markets while optimizing operational performance
- In January 2020, the company partnered with Moda (New Zealand) to provide innovative packaging solutions in North America and Latin America. In June 2019, Amcor PLC successfully acquired Bemis Company Inc. (USA). The acquisition of Bemis has brought an additional scale, capability and footprint that will further strengthen Amcor’s position in the market.
International Paper Company is one of the world’s largest paper and packaging companies based in the United States. The main activities of the company are coated board, pulp, catering, industrial packaging group, recycling and retail packaging. The company operates through three main segments which include industrial packaging, printing papers and global cellulose fibers. The company offers a wide assortment of products in each of its segments. International Paper Company operates in the market through its 15 major brands and numerous subsidiaries. The company is present in more than 150 countries in North America, Europe, Latin America, Asia and North Africa. It is the largest recycler in North America and produces over 6 million tonnes of corrugated packaging and paper. In May 2019, West Coast Paper Mills Ltd. (India) has entered into a share purchase agreement to acquire approximately 51% to 60% of the capital in the Indian unit of International Paper (IP), International Paper APPM Ltd. In February 2018, International Paper Company announced that it would spend more than $ 500 million to modernize its Selma, Alabama plant to meet growing demand for its products.
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