The Produce Packaging Market size was USD 34.45 billion in 2023 and is expected to Reach USD 50.52 billion by 2031 and grow at a CAGR of 4.9% over the forecast period of 2024-2031.
Increasing urbanization, modernization and globalization are driving the growth in the market value of product packaging. Increased transportation of grains, vegetables and fruits through all distribution channels, increased packaging capacity in traceability mode, and rapid development of flexible packaging solutions will lead to more growth market value of product packaging. Strengthening research and development skills, raising awareness about the availability of eco-friendly packaging solutions, increasing demand for ready-to-eat food products due to changes in lifestyle and eating habits alternative drinks, the increasing technological advancement in packaging equipment and technology, the growing development of the e-commerce industry. and growing consumer concerns about contamination and food safety are other drivers for the growth of the product packaging market.
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KEY DRIVERS:
Growth in global trade and exports
Packaging plays a crucial role in maintaining the freshness and durability of products during long journeys, given that produce is traded internationally. The essential thing is that packaging meets international shipping standards.
Increasing consumption of fresh fruits and vegetables.
RESTRAIN:
Limited Shelf Life of Products
Given that the produce is traded internationally, packaging plays a crucial role in maintaining its freshness and durability on long journeys. The most important point is that packaging conforms to International Standards for the carriage of goods.
OPPORTUNITY:
Collaboration with Retailers can provide growth opportunities
Since retail sector is dominating the produce packaging market, collaboration can give excess growth to the market. Partnerships can lead to mutually beneficial cooperation with retailers in the development of packaging solutions which are compatible with store layout, shelf systems and shopping experience as a whole.
CHALLENGES:
Rising Material Costs for production of packaging products
Fluctuations in the price of packaging materials, e.g. plastics and paper, can have a negative impact on production costs and profitability for manufacturers and end users.
The agricultural packaging market has seen rising costs, reduced efficiency and limited access to key ingredients, which has impacted local and global businesses. Market participants are forced to seek alternative sourcing strategies, diversify supply chains and explore new markets to mitigate the negative impact of the ongoing conflict. Collectively, the aftermath of the war between Russia and Ukraine has highlighted the vulnerability of global industries such as product packaging to geopolitical conflict, while underscoring the importance of adaptability and resilience to overcome such challenging environments.
The war displaced more than 300 major Western companies, including the widespread closure of production and packaging facilities in Ukraine and Russia. This has led to shortages of packaging materials such as cardboard, plastic and glass. The prices of these materials also increased significantly.
For example, the price of kraft pulp, the main ingredient of cardboard, has increased by more than 50% since the start of the war.
This results in higher business packaging costs, which can ultimately be passed on to consumers in the form of higher product prices. The war also disrupted the global agricultural supply chain, making it more difficult and expensive to get produce from the farm to the grocery store.
This can lead to shortages of some fruits and vegetables and higher prices for all products.
The full impact of the recession on the Product Packaging market is not yet clear, but it is clear that the economic downturn will have a negative impact on the market. Declining product demand, lower packaging material prices and higher unemployment rate are all factors that can contribute to a slowdown in market growth. Competition is increasing from other packaging materials, such as reusable containers.
Regulatory changes, such as new safety requirements for food packaging. The product packaging market is a complex and dynamic one, and the impact of an economic downturn will vary depending on a number of factors. However, it is clear that the economic downturn will have a negative impact on the market and companies in the market need to prepare for the challenges ahead.
A recent survey by the Produce Marketing Association found that 60% of fresh produce retailers expect their sales to decline over the next 12 months.
This is due to a number of factors, including the increasing cost of living, the ongoing war in Ukraine, and the current COVID-19 pandemic.
Lower-than-expected sales will lead to lower demand for product packaging, which can lead to lower packaging material prices and lower margins for packaging companies. An economic downturn is also expected to lead to higher unemployment, which could lead to an overall decline in product demand.
This could further impact the product packaging market, as companies may be less likely to invest in new packaging if they are struggling to sell their products.
By Type
Trays
Corrugates Boxes
Bags and liners
Plastic Containers
Corrugates Boxes Segment is dominant and is holding the market share of around 40%.
By Application
Fruits
Vegetables
Food Grains
By End User
Growers/Shippers
Re Packers
Retail Stores
Retail stores segment is dominating the produce packaging market. According to SNS Insider research, the revenues from retail store accounted for more than 50% market share.
Asia Pacific region is dominating the produce packaging market with the largest market share. The high rate of production of fruits and vegetables in this region is expected to give boost to the market growth. The processed fruits and vegetables market size is expected to go around USD 325 billion in the year 2023. Countries such as India and China are the highest producer of agricultural products such as fruits and vegetables and hence are expected to contribute more in the market growth. According to IBEF, India’s organic food sales will reach US $ 11 Billion till 2025.
North America is experiencing high growth rate due to increased investment activities in field of research and development for development of new products in produced packaging market. More than 60 % of the US population is responsible for the consumption for fresh fruits. This has given rise to the US produce packaging market.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Produce Packaging market are Sealed Air Corporation, Smurfit Kappa Group, DS Smith Plc, Bemis Company, Amcor Limited, International Paper Inc, Mondi Group Plc, Pactiv LLC, Sonoco Products Company, Packaging Corporation of America and other players.
The US company Novolex, which develops packaging products for the food industry, has launched its Power of the Package package made of cardboard and plastic wrap in Fresh Food.
Dart Container has launched a new initiative for the use of its branded foodservice packaging in the new recycling scheme.
| Report Attributes | Details |
| Market Size in 2023 | US$ 34.45 Bn |
| Market Size by 2031 | US$ 50.52 Bn |
| CAGR | CAGR of 4.9 % From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Type (Trays, Corrugates Boxes, Bags and liners, Plastic Containers) • by Application (Fruits, Vegetables, Food Grains) • by End User (Growers/Shippers, Re Packers, Retail Stores) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Sealed Air Corporation, Smurfit Kappa Group, DS Smith Plc, Bemis Company, Amcor Limited, International Paper Inc, Mondi Group Plc, Pactiv LLC, Sonoco Products Company, Packaging Corporation of America |
| Key Drivers | • Growth in global trade and exports • Increasing consumption of fresh fruits and vegetables. |
| Market Opportunities | • Collaboration with Retailers can provide growth opportunities |
Ans: The Produce Packaging Market is expected to grow at a CAGR of 4.9 %.
Ans: The Produce Packaging Market size was USD 32.85 billion in 2022 and is expected to Reach USD 48.17 billion by 2030.
Ans: Increasing consumption of fresh fruits and vegetables driving the growth of produce packaging.
Ans: Limited Shelf Life of Products such as fruits and vegetables.
Ans: Asia Pacific region is dominating the market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Produce Packaging Market Segmentation, By Type
8.1 Trays
8.2 Corrugates Boxes
8.3 Bags and liners
8.4 Plastic Containers
9. Produce Packaging Market Segmentation, By Application
9.1 Fruits
9.2 Vegetables
9.3 Food Grains
10. Produce Packaging Market Segmentation, By End User
10.1 Growers/Shippers
10.2 Re Packers
10.3 Retail Stores
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Produce Packaging Market by Country
11.2.2North America Produce Packaging Market by Type
11.2.3 North America Produce Packaging Market by Application
11.2.4 North America Produce Packaging Market by End User
11.2.5 USA
11.2.5.1 USA Produce Packaging Market by Type
11.2.5.2 USA Produce Packaging Market by Application
11.2.5.3 USA Produce Packaging Market by End User
11.2.6 Canada
11.2.6.1 Canada Produce Packaging Market by Type
11.2.6.2 Canada Produce Packaging Market by Application
11.2.6.3 Canada Produce Packaging Market by End User
11.2.7 Mexico
11.2.7.1 Mexico Produce Packaging Market by Type
11.2.7.2 Mexico Produce Packaging Market by Application
11.2.7.3 Mexico Produce Packaging Market by End User
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Produce Packaging Market by Country
11.3.1.2 Eastern Europe Produce Packaging Market by Type
11.3.1.3 Eastern Europe Produce Packaging Market by Application
11.3.1.4 Eastern Europe Produce Packaging Market by End User
11.3.1.5 Poland
11.3.1.5.1 Poland Produce Packaging Market by Type
11.3.1.5.2 Poland Produce Packaging Market by Application
11.3.1.5.3 Poland Produce Packaging Market by End User
11.3.1.6 Romania
11.3.1.6.1 Romania Produce Packaging Market by Type
11.3.1.6.2 Romania Produce Packaging Market by Application
11.3.1.6.4 Romania Produce Packaging Market by End User
11.3.1.7 Turkey
11.3.1.7.1 Turkey Produce Packaging Market by Type
11.3.1.7.2 Turkey Produce Packaging Market by Application
11.3.1.7.3 Turkey Produce Packaging Market by End User
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Produce Packaging Market by Type
11.3.1.8.2 Rest of Eastern Europe Produce Packaging Market by Application
11.3.1.8.3 Rest of Eastern Europe Produce Packaging Market by End User
11.3.2 Western Europe
11.3.2.1 Western Europe Produce Packaging Market by Country
11.3.2.2 Western Europe Produce Packaging Market by Type
11.3.2.3 Western Europe Produce Packaging Market by Application
11.3.2.4 Western Europe Produce Packaging Market by End User
11.3.2.5 Germany
11.3.2.5.1 Germany Produce Packaging Market by Type
11.3.2.5.2 Germany Produce Packaging Market by Application
11.3.2.5.3 Germany Produce Packaging Market by End User
11.3.2.6 France
11.3.2.6.1 France Produce Packaging Market by Type
11.3.2.6.2 France Produce Packaging Market by Application
11.3.2.6.3 France Produce Packaging Market by End User
11.3.2.7 UK
11.3.2.7.1 UK Produce Packaging Market by Type
11.3.2.7.2 UK Produce Packaging Market by Application
11.3.2.7.3 UK Produce Packaging Market by End User
11.3.2.8 Italy
11.3.2.8.1 Italy Produce Packaging Market by Type
11.3.2.8.2 Italy Produce Packaging Market by Application
11.3.2.8.3 Italy Produce Packaging Market by End User
11.3.2.9 Spain
11.3.2.9.1 Spain Produce Packaging Market by Type
11.3.2.9.2 Spain Produce Packaging Market by Application
11.3.2.9.3 Spain Produce Packaging Market by End User
11.3.2.10 Netherlands
11.3.2.10.1 Netherlands Produce Packaging Market by Type
11.3.2.10.2 Netherlands Produce Packaging Market by Application
11.3.2.10.3 Netherlands Produce Packaging Market by End User
11.3.2.11 Switzerland
11.3.2.11.1 Switzerland Produce Packaging Market by Type
11.3.2.11.2 Switzerland Produce Packaging Market by Application
11.3.2.11.3 Switzerland Produce Packaging Market by End User
11.3.2.1.12 Austria
11.3.2.12.1 Austria Produce Packaging Market by Type
11.3.2.12.2 Austria Produce Packaging Market by Application
11.3.2.12.3 Austria Produce Packaging Market by End User
11.3.2.13 Rest of Western Europe
11.3.2.13.1 Rest of Western Europe Produce Packaging Market by Type
11.3.2.13.2 Rest of Western Europe Produce Packaging Market by Application
11.3.2.13.3 Rest of Western Europe Produce Packaging Market by End User
11.4 Asia-Pacific
11.4.1 Asia-Pacific Produce Packaging Market by country
11.4.2 Asia-Pacific Produce Packaging Market by Type
11.4.3 Asia-Pacific Produce Packaging Market by Application
11.4.4 Asia-Pacific Produce Packaging Market by End User
11.4.5 China
11.4.5.1 China Produce Packaging Market by Type
11.4.5.2 China Produce Packaging Market by Application
11.4.5.3 China Produce Packaging Market by End User
11.4.6 India
11.4.6.1 India Produce Packaging Market by Type
11.4.6.2 India Produce Packaging Market by Application
11.4.6.3 India Produce Packaging Market by End User
11.4.7 Japan
11.4.7.1 Japan Produce Packaging Market by Type
11.4.7.2 Japan Produce Packaging Market by Application
11.4.7.3 Japan Produce Packaging Market by End User
11.4.8 South Korea
11.4.8.1 South Korea Produce Packaging Market by Type
11.4.8.2 South Korea Produce Packaging Market by Application
11.4.8.3 South Korea Produce Packaging Market by End User
11.4.9 Vietnam
11.4.9.1 Vietnam Produce Packaging Market by Type
11.4.9.2 Vietnam Produce Packaging Market by Application
11.4.9.3 Vietnam Produce Packaging Market by End User
11.4.10 Singapore
11.4.10.1 Singapore Produce Packaging Market by Type
11.4.10.2 Singapore Produce Packaging Market by Application
11.4.10.3 Singapore Produce Packaging Market by End User
11.4.11 Australia
11.4.11.1 Australia Produce Packaging Market by Type
11.4.11.2 Australia Produce Packaging Market by Application
11.4.11.3 Australia Produce Packaging Market by End User
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Produce Packaging Market by Type
11.4.12.2 Rest of Asia-Pacific Produce Packaging Market by Application
11.4.12.3 Rest of Asia-Pacific Produce Packaging Market by End User
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Produce Packaging Market by Country
11.5.1.2 Middle East Produce Packaging Market by Type
11.5.1.3 Middle East Produce Packaging Market by Application
11.5.1.4 Middle East Produce Packaging Market by End User
11.5.1.5 UAE
11.5.1.5.1 UAE Produce Packaging Market by Type
11.5.1.5.2 UAE Produce Packaging Market by Application
11.5.1.5.3 UAE Produce Packaging Market by End User
11.5.1.6 Egypt
11.5.1.6.1 Egypt Produce Packaging Market by Type
11.5.1.6.2 Egypt Produce Packaging Market by Application
11.5.1.6.3 Egypt Produce Packaging Market by End User
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Produce Packaging Market by Type
11.5.1.7.2 Saudi Arabia Produce Packaging Market by Application
11.5.1.7.3 Saudi Arabia Produce Packaging Market by End User
11.5.1.8 Qatar
11.5.1.8.1 Qatar Produce Packaging Market by Type
11.5.1.8.2 Qatar Produce Packaging Market by Application
11.5.1.8.3 Qatar Produce Packaging Market by End User
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Produce Packaging Market by Type
11.5.1.9.2 Rest of Middle East Produce Packaging Market by Application
11.5.1.9.3 Rest of Middle East Produce Packaging Market by End User
11.5.2 Africa
11.5.2.1 Africa Produce Packaging Market by Country
11.5.2.2 Africa Produce Packaging Market by Type
11.5.2.3 Africa Produce Packaging Market by Application
11.5.2.4 Africa Produce Packaging Market by End User
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Produce Packaging Market by Type
11.5.2.5.2 Nigeria Produce Packaging Market by Application
11.5.2.5.3 Nigeria Produce Packaging Market by End User
11.5.2.6 South Africa
11.5.2.6.1 South Africa Produce Packaging Market by Type
11.5.2.6.2 South Africa Produce Packaging Market by Application
11.5.2.6.3 South Africa Produce Packaging Market by End User
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Produce Packaging Market by Type
11.5.2.7.2 Rest of Africa Produce Packaging Market by Application
11.5.2.7.3 Rest of Africa Produce Packaging Market by End User
11.6 Latin America
11.6.1 Latin America Produce Packaging Market by country
11.6.2 Latin America Produce Packaging Market by Type
11.6.3 Latin America Produce Packaging Market by Application
11.6.4 Latin America Produce Packaging Market by End User
11.6.5 Brazil
11.6.5.1 Brazil Produce Packaging by Type
11.6.5.2 Brazil Produce Packaging by Application
11.6.5.3 Brazil Produce Packaging by End User
11.6.6 Argentina
11.6.6.1 Argentina Produce Packaging by Type
11.6.6.2 Argentina Produce Packaging by Application
11.6.6.3 Argentina Produce Packaging by End User
11.6.7 Colombia
11.6.7.1 Colombia Produce Packaging by Type
11.6.7.2 Colombia Produce Packaging by Application
11.6.7.3 Colombia Produce Packaging by End User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Produce Packaging by Type
11.6.8.2 Rest of Latin America Produce Packaging by Application
11.6.8.3 Rest of Latin America Produce Packaging by End User
12 Company profile
12.1 Sealed Air Corporation
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Smurfit Kappa Group
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 DS Smith Plc
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Bemis Company
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Amcor Limited
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 International Paper Inc
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Mondi Group Plc
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Pactiv LLC
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Sonoco Products Company
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Packaging Corporation of America
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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