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The worldwide market for produce packaging holds a lot of promise and can achieve a strong growth rate owing to the surge in fresh produce production coupled with the increasing role of packaging in the marketing, traceability, and protection of fresh fruits and vegetables.
Market Segmentation
The global produce packaging market has been segmented with respect to packaging type, application, and end user.
Considering the packaging type, the global market includes bags and liners, corrugated boxes, plastic containers, and trays. In the year 2018, corrugated boxes accounted for the leading segment in the market and can note the highest growth rate in the following years.
Depending on the application, the global market covers fruits, salads, and vegetables. The vegetables segment formed the largest market in 2018 and has the potential to attain the highest CAGR in the next few years. COVID-19 Impact
The end users included in the report are re-packers, retail stores, and growers/shippers. Among these, the growers/shippers segment had been the leading market in 2018.
Regional Insight
The global produce packaging market has been broadly detailed in the MRFR report, with respect to regions like North America, Asia Pacific (APAC), the Middle East & Africa (MEA), South America and Europe.
North America has been observing a strong growth rate in the global market, thanks to the high research and development (R&D) investment as well as product innovation in packaging. The regional market growth is also backed by strict food safety policies in the United States (US) and Canada. A number of vendors in the regions are focusing on the development of smart packaging, which ensures high shelf life of the food and also maintains the nutritional quality.
Leading Companies
The companies that are currently leading the worldwide market for produce packaging are International Paper (US), Mondi (Austria), Sealed Air (US), Amcor plc (Australia), Sonoco Products Company (US), COVERIS (US), DS Smith (UK), Smurfit Kappa (Ireland), and others.
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