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.
European countries have witnessed strong demand for fresh fruits & vegetables owing to paradigm shift toward organic variant and introduction of packaging that enhances shelf life. For 2018, vegetables and fruit accounted for 14% of the total value of the European Union agricultural production. Increase in fresh food production along with favorable government norms augment the growth of the fresh fruits & vegetables market, which in turn, drives the fresh food packaging market growth in the region.
Growth in consumption of fresh produce drives the growth of the Europe fresh food packaging market. In addition, emergence of modified atmosphere packaging has gained huge traction in the last few years. These types of packaging regulate in-pack gas atmosphere, enhancing freshness and extends shelf life for fresh food products. In addition, these types of packaging provide logistics benefits, counters anaerobic respiration, reduces microbial spoilage, and enhances texture, color, & freshness. However, environmental leakage and littering of plastics negatively impact environment, biodiversity, and bring significant socioeconomic costs. High toxic chemicals released by plastic waste poses a significant challenge. As a result, leading economies are venturing to eliminate single use plastics market in the upcoming years.
The Europe fresh food packaging market is segmented based on food type, product type, material type, and country. Based on food type, the market is classified into fruits, vegetables, and salads. Based on product type, the market is studied across into flexible film, roll stock, bags, sacks, flexible paper, corrugated box, wooden boxes, tray, and clamshell. Based on material, the market is categorized into plastics, wood, paper, textile and others. The Europe fresh food packaging market is studied across Spain, UK, France, Italy, Russia, Germany, and rest of Europe.
Key players profiled in the report include Sonoco Products Company, Hayssen, Inc., Smurfit Kappa Group, Visy, Ball Corporation, Mondi Group, and International Paper Company.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging market trends and opportunities in the global Europe fresh food packaging market.
- The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
KEY MARKET SEGMENTS
Europe Fresh Food Packaging Market Segments
By Food Type
- Fruits
- Vegetables
- Salad
By Product Type
- Flexible Film
- Roll Stock
- Bags
- Sacks
- Flexible Paper
- Corrugated Box
- Wooden Boxes
- Tray
- Clamshell
By Material Type
- Rigid
o Wood
o Others
- Flexible
o Paper
o Textile
By Country
- Spain
- UK
- France
- Italy
- Russia
- Germany
- Rest of Europe
Key Market Players of Europe Fresh Food Packaging Market Profiled in the Report
- Sonoco Products Company
- Hayssen, Inc.
- Smurfit Kappa Group
- Visy
- Ball Corporation
- Mondi Group
- International Paper Company.
What is the estimated value of the European Fresh Food Packaging Market?
What is the growth rate of the European Fresh Food Packaging Market?
What is the forecasted size of the European Fresh Food Packaging Market?
Who are the key companies in the European Fresh Food Packaging Market?
Report Attribute | Details |
---|---|
No. of Pages | 241 |
Published | August 2019 |
Forecast Period | 2017 - 2026 |
Estimated Market Value ( USD | $ 3718.2 million |
Forecasted Market Value ( USD | $ 4890.6 million |
Compound Annual Growth Rate | 3.1% |
Regions Covered | Europe |
No. of Companies Mentioned | 7 |
Table of Contents
Executive Summary
According to the report titled,'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.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.
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.
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 Europe fresh food packaging market is segmented based on food type, product type, material type, and country. Based on food type, the market is classified into fruits, vegetables, and salads. Based on product type, the market is studied across into flexible film, roll stock, bags, sacks, flexible paper, corrugated box, wooden boxes, tray, and clamshell. Based on material, the market is categorized into plastics, wood, paper, textile and others. The Europe fresh food packaging market is studied across Spain, UK, France, Italy, Russia, Germany, and rest of Europe
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.
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.
Companies Mentioned
- Sonoco Products Company
- HayssenInc.
- Smurfit Kappa Group
- Visy
- Ball Corporation
- Mondi Group
- International Paper Company.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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