Categories: Market Research

Produce Packaging Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Produce packaging refers to a type of packaging process that protects food from damage caused by impacts, insects, microorganisms, moisture, and odors. Produce packaging is a valuable and necessary tool that enables farmers and makers to deliver food in the simplest, most convenient, and least expensive way possible.

Sizing and Forecast
The produce packaging market size has grown strongly in recent years. It will grow from $33.87 billion in 2023 to $35.83 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to growth in agriculture and fresh produce industries, demand for efficient and sustainable packaging, expansion of global supply chains, development of protective and shelf-life-extending packaging, regulatory standards for food safety and labeling..

The produce packaging market size is expected to see strong growth in the next few years. It will grow to $45.53 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to adoption of blockchain and traceability solutions, customized packaging solutions for specific fruits and vegetables, growth in e-commerce and direct-to-consumer models, innovation in smart and iot-enabled packaging, increased use in organic and specialty produce, expansion in urban farming and vertical agriculture.. Major trends in the forecast period include smart and freshness-monitoring produce packaging, regulatory compliance in food safety and sustainability, biodegradable and compostable packaging materials, personalized packaging for specific consumer preferences, transparency and traceability in the supply chain..

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Segmentation & Regional Insights
The produce packaging market covered in this report is segmented –

1) By Packaging Type: Corrugated Boxes, Bags and Liners, Plastic Containers, Trays, Other Packaging Types
2) By Application: Food Grains, Vegetables, Fruits
3) By End User: Growers or Shippers, Re-packers, Retail Stores

North America was the largest region in the produce packaging market in 2023. The regions covered in the produce packaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
Rising consumer preference for organic fresh produce is expected to propel the growth of the produce packaging market going forward. Organic food is grown without the use of synthetic chemicals, such as pesticides and fertilizers, made by humans and does not include genetically modified organisms (GMO). Higher consumption of organic fresh produce has resulted from increased awareness of the benefits of organic and natural food products. For instance, according to the survey conducted by CUTS International and India-based consumer unity & trust society in January 2021 to understand consumer behavior towards organic foods, 89% of the total surveyed consumers switched over to organic consumption mode. Of those, 90% of consumers have felt a change in their overall health status and will continue to consume organic foods. Therefore, rising consumer preference for organic fresh produce is driving the growth of the produce packaging market.

Key Industry Players
Major companies operating in the produce packaging market include Amcor plc, Bemis Company Inc., Berry Global Inc., International Paper Inc., Mondi Group PLC, Sealed Air Corporation, Smurfit Kappa Group, Sonoco Products Company, WestRock Company, DS Smith PLC, Coveris Holdings S.A., Reynolds Group Holdings Limited, Ardagh Group S.A., BALL CORPORATION, BASF SE, Cascades Inc., Tetra Laval Group, Corteva Agriscience, Produce Packaging Inc., Evergreen Packaging LLC, Genpack LLC, Gerresheimer AG, Huhtamaki Oyj, KapStone Paper and Packaging Corporation, Packaging Corporation of America, Pactiv Evergreen Inc., RockTenn Company, Silgan Holdings Inc., Sabert Corporation

The produce packaging market report table of contents includes:

1. Executive Summary

2. Produce Packaging Market Characteristics

3. Produce Packaging Market Trends And Strategies

4. Produce Packaging Market – Macro Economic Scenario

5. Global Produce Packaging Market Size and Growth

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31. Global Produce Packaging Market Competitive Benchmarking

32. Global Produce Packaging Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Produce Packaging Market

34. Produce Packaging Market Future Outlook and Potential Analysis

35. Appendix