(Entertainment-NewsWire.com, September 21, 2018 ) The Fresh Food Packaging Market is estimated at $72.81 billion in 2015 and is expected to reach $99.56 billion by 2022 growing at a CAGR of 4.5% from 2015 to 2022. Demand for convenience food and shelf life extension of fresh food are some key factors fostering the market growth. However, some of the key factors hindering the market are economic crisis and rising raw material prices. Furthermore, innovations in eco-friendly packaging provide huge growth opportunities for the market.
Among Pack Type, flexible plastic packaging commanded the highest market share. The growth is due to increasing demand for fresh food products. Asia Pacific acquired the highest market share in the global market. Factors such as the introduction of active and intelligent packaging solutions by vendors and the increasing demand for flexible packaging will fuel the market in this region. Moreover, China is the largest fresh food packaging market in Asia Pacific, followed by India, and the market in these countries is anticipated to grow rapidly in the near future.
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