Produce Packaging Industry| COVID-19 Analysis

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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.

Segmentation

The global produce packaging industry 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.

Regional Insight

The global Produce Packaging Industry 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.

As reported in 2018, APAC was the most profitable market for produce packaging, with North America and Europe coming second and third, respectively. APAC can retain its dominance until 2025, backed by the rising high production of fresh produce in countries like India and China. These developing countries are known for producing a large amount of fruits like banana, pear, grapes, mango, apple, peach, lemon, etc. and can provide plenty of growth opportunities to the Produce Packaging Industry in the near future.

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. 

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.