Europe Fresh Food Packaging Market
Europe Fresh Food Packaging Market by Food Type, Product Type, and Material : Opportunity Analysis and Industry Forecast, 2019-2026
PORTLAND, OR, UNITES STATES, October 20, 2022 /
EINPresswire.com/ -- Food packaging helps in retardation of product deterioration, retainment of the beneficial effects of processing, helps in extension of shelf-life, and increasing and maintaining the quality and safety of food.
Europe Fresh Food Packaging Market by Food Type, Product Type, and Material: Opportunity Analysis and Industry Forecast, 2019-2026," the Europe fresh food packaging market size was $3,718.2 million in 2017, and is projected to reach $4,890.6 million by 2026, registering a CAGR of 3.1% from 2019 to 2026.
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Consumers now-a-days are more concerned toward their health and shift their preference toward healthier, tastier, and fresh vegetables. The industry is undergoing radical change with consumer shifting focus toward more exotic, tasty, and value-added products, and fresh smart packaging plays a significant role to speed up the supply chain so that produce can be delivered in a better condition.
Large scale manufacturing process to improve fresh food packaging have remained cynosure for the engaged stakeholders in the industry. As a result, the Europe fresh food packaging market has witnessed an increase in innovation during the last few years. Introduction of technologies like nanotechnology and biotechnology has revolutionized the Europe fresh food packaging market growth. Technologies, such as edible packaging, micro packaging, anti-microbial packaging, and temperature-controlled packaging are all set to revolutionize food packaging market. The ability to deploy large scale manufacturing and innovate competitive technologies has been recognized as the next key driver for the Europe fresh food packaging market.
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Cellulose nanocrystals also known as CNCs are now being utilized for food packaging. CNCs provide advanced barrier coatings for food packaging. Derived from natural materials such as plants and woods, cellulose nanocrystals are biodegradable, nontoxic, have high thermal conductivity, sufficient specific strength, and high optical transparency. These features make it an ideal component for advanced food packaging. CNCs can be easily dispersed in water and have crystalline nature. As a result, manufacturers in Europe fresh food packaging industry can control packaging structure to annihilate free volume and can optimize its properties as a barrier material.
The key players during the Europe fresh food packaging market analysis includes Sonoco Products Company, Hayssen, Inc., Smurfit Kappa Group, Visy, Ball Corporation, Mondi Group, and International Paper Company.
Key Findings of The Europe Fresh Food Packaging Market :
The plastic segment was the highest contributor to the Europe fresh food packaging market in 2018 and is projected to grow at a robust CAGR during the forecast period.
The clamshell and flexible paper segment is expected to grow with above average CAGR during the forecast period
In 2018, based on product type, corrugated boxes accounted for about 11.5% of the Europe fresh food packaging market share and is expected to growth at the CAGR of 2.7%.
Consumption of rigid packaging material is forecasted to be around 1,674 KT at the end of forecast period growing with the CAGR of 2.7%
In 2018, based on country, Italy accounted for a leading market share and is anticipated to grow at a CAGRs of 3.3% throughout the forecast period.
Rest of Europe accounted for about 28.6% of the market in 2018 from a growth perspective, France and rest of Europe are the two potential markets, expected to witness robust growth during the forecast period. At present, these two segments account for 41.5% of the market share.
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