With the emergence and long-term Impact of COVID-19, Global Punnet Packaging Market to reach USD 1.6 Billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Punnet Packaging Market points towards a potential rise to USD 1.6 Billion by 2030. Punnets is little baskets used to package vegetables and delicate fruits such as berries, grapes, cherries, mushrooms, and others. Manufacturers are concentrating on producing recycled plastic punnets as a safe choice for efficient food storage while adhering to product safety regulations. The increasing global population, rising personal disposable income, and growth in the food and beverage industry are driving the demand for punnet packaging due to the growing popularity of exotic packaged fruits and vegetables.
Protection, freshness, and other appealing features provided by punnet packaging material are also major market growth factors. Manufacturers’ increased attention on packaging solutions, together with the general rise, growth, and expansion of the packaging sector, are another factor driving the growth of the punnet packaging market.
Geographically, the global Punnet Packaging market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Asia Pacific dominated the market in 2022 owing increased industrialization, and urbanization, as well as the emergence and expansion of the packaging business, growing e-commerce industry, and rising adoption of ready to eat foods in the region. However, North America is expected to grow significantly during the forecast period, owing to increasing demand for fresh produce, growing demand in food industry, growing number of retail stores, growing demand for retail display and shelf appeal, and growing online food delivery services in the region.
The global Punnet Packaging market is highly competitive owing to the presence of several key players such as Coveris Holdings SA, Smurfit Kappa Group Plc., LC Packaging International BV, Groupe Guillin SA, Paccor Netherlands BV, Leeways Packaging Services Ltd., Tacca Industries Pty Ltd., Raptis Pax Pty Ltd., Royal Interpack Group, Alta Global Inc. and others.
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Key findings of the study suggest:
- Global Punnet Packaging Market is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2023-2030.
- In the Material segment, Plastic Punnet emerged out as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to the increased industrialization, and urbanization, as well as the emergence and expansion of the packaging business, growing e-commerce industry, and rising adoption of ready to eat foods in the region.
- North America is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Material:
- Plastic Punnet
- Paper Punnet
- Molded Fiber Punnet
By Capacity:
- Up to 150 gm
- 151-300 gm
- 301-500 gm
- above 500 gm
By Application:
- Fruits and Vegetables
- Meat
- Poultry
- Seafood
- Frozen Food Ready-to-Eat
By End Use:
- Retail Outlets
- Hotels, Restaurants and Cafes
- Household
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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