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Segmental Analysis
The global Fresh Seafood Packaging Market has been segmented based on material and end-users. The material segmentation includes paper & paperboard, flexible & rigid plastic, glass, metal, and others. The rise in the demand for fresh food products is expected to drive to the growth of the market over the review period. Based on the end-user, the market has been segmented into fruits, meat products, dairy products, vegetables, and others. The demand for food packaging has proliferated in the fruits and vegetable industry significantly.
Regional Analysis
Based on the regions, the market is segmented into North America, and Latin America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific region is slated to grow as the largest fresh food packaging market during the forecast period owing to the launch of innovative and intelligent packaging solutions and the rising demand for flexible packaging.
The Asia Pacific is expected to be the most lucrative fresh food packaging market across the globe owing to the increasing export of fruits and vegetables from China and India. With growing awareness about global warming and concerns about the environment, the advent of eco-friendly packaging technologies, which are reasonable and produced from recycled material and eco-friendly techniques of fresh food packaging, has driven the market towards growth. From the last couple of years, disposable income in developing countries has been growing. The better disposable income in these developing countries, resulting in an increase in buying power. Developing economies such as India, China, Indonesia, Vietnam, Thailand, and Taiwan, have the most substantial disposable incomes, which is fueling significant demand for effectual packaging of poultry, meat, and seafood. As a result, meat, poultry, and seafood packaging market are anticipated to be impacted positively over the foreseeable future.
Competitive Analysis
Some of the major market players identified by MRFR in the global fresh food packaging market are Amcor Limited (Australia), D.S. Smith Plc. (U.K), Bemis Company, Inc. (U.S.), Smurfit Kappa Group (Ireland), Mondi Plc. (South Africa), Coveris Holdings S.A (U.S.), Silgan Holdings Inc. (U.S.).
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