The global fresh food packaging market size will reach US$181.7 billion by 2028, according to a new report by Grand View Research. The market will expand at a CAGR of 5.0% from 2021 to 2028. Findings revealed that increasing demand for fresh dairy products from developing countries would be the key driver for the forecast period.
Meanwhile, the firm also noted that the COVID-19 pandemic had caused some disruption in the supply chain. The shutdown of China (a key supplier of raw materials) during the onset of the pandemic has impacted packaging manufacturers globally. However, despite the setback, manufacturers are expected to ramp up production gradually.
Other trends include the growing demand for eco-friendly packaging solutions, which forced various companies to develop recyclable or biodegradable products. There is also an increasing need for the packaging of fresh vegetables and fruits, which remained intact as the supply chain was unaffected and imports continued during the COVID-19 pandemic. However, the fruits and vegetables with high vitamin C content witnessed a significant increase in sales which further contributed to the increased supply-demand gap for the market. (Image from Unsplash)
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