Europe Fresh Food Packaging Market Profit margin, sales, market size, key Venders and forecast period 2019-2026
According to a new report published by KD
Market Insights, 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.
Browse Full Report & TOC: https://www.kdmarketinsights.com/product/europe-fresh-food-packaging-market-amr
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 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.
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