Market Analysis and Insights: Global Produce Packaging Market
Produce packaging market will reach an estimated valuation of USD 43.95 billion by 2027, while registering this growth at a rate of 4.60% for the forecast period of 2020 to 2027. Produce packaging market is growing exponentially due to upsurge in the application and usage of corrugated boxes, bags and liners, plastic containers, trays, for packing and transporting food grains, vegetables, and fruits for the consumer base.
The growth of produce packaging market is directly proportional to the transportation of availability of basic needs required for the human consumption, this factor has propelled the market growth in the forecast period of 2020 to 2027. Some of the other factors driving the market growth are as follows, progress in green produce stock accompanied with the increasing capacity of packaging in the tracing manners, retailing, and security of fresh legumes and grains. Also expanding the carriage of dry form, and comfort food preference gives extra suitability that leads to value-added produce packaging. Elevated nutritional familiarity and mounting business in fresh fruits such as produce is adding thrust to market growth.
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Global Produce Packaging Market Scope and Market Size
Global Produce packaging market is segmented on the basis of packaging type, end user and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of packaging type, the produce packaging market is segmented into corrugated boxes, bags and liners, plastic containers, trays, and others. Plastic containers are further segmented into cups, tubs, bowls, and others. Others are derived into plastic film, moulded pulp containers and wooden crates.
- On the basis of application, the produce packaging market is segmented into food grains, vegetables, and fruits.
- On the basis of end user, the produce packaging market is segmented into growers and shippers, repackers, and retail stores.
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Produce Packaging Market Country Level Analysis
Produce packaging market is analysed and market size, volume information is provided by country, packaging type, end user and application as referenced above.
The countries covered in the produce packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is predicted to be the ruling market for produce packaging business accompanied by Asia-Pacific (APAC) and Europe. The market base in the Asia-Pacific (APAC) province is anticipated to expand with a notable CAGR while the calculated period of 2020 to 2027. Nations like China and India in Asia-Pacific (APAC) domains are top yielders of fruits such as lemon, peach, grapes, mango, and others and are anticipated to contribute plentiful possibilities for the germination of produce packaging market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Competitive Landscape and Produce Packaging Market Share Analysis
Produce packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to produce packaging market.
The major players covered in the produce packaging market report are Amcor plc, Coveris., Smurfit Kappa, DuPont, Mondi, Bemis Company, Inc., International Paper, DS Smith, Silgan Holdings Inc, WestRock Company, Sealed Air among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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