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Global Punnet Packaging Market to reach USD 1.6 billion by the end of 2030.

Global Punnet Packaging Market Size study & Forecast, 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) and Regional Analysis, 2023-2030

Product Code: CMP-18029181
Publish Date: 4-08-2023
Page: 200

Global Punnet Packaging Market is valued approximately USD 1.1 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2023-2030. 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.

Moreover, the growing ready-to-eat foods market has significantly supported the growth of the punnet packaging market. The Ready-to-eat foods often require individual portions or servings, and punnet packaging offers a convenient solution. Punnet containers are designed to hold small quantities of food, making them ideal for packaging individual servings of cut fruits, salads, snacks, or even complete meals. The compact size and portion control provided by punnets align perfectly with the requirements of ready-to-eat foods. Thus, the growing ready-to-eat foods market is anticipated to support the market growth. According to Statista, in 2021, it was estimated that the ready-to-eat meals segment generated a total revenue of around USD 470 billion. Also, it is projected that the demand for ready-to-eat meals is continuously rising and reached USD 690 billion by 2026. Additionally, growing online food delivery services is anticipated to crate the lucrative opportunity for the market during forecast period. However, the government laws are strict regarding the usage of plastic and product safety stifling market growth of Punnet Packaging throughout the forecast period of 2023-2030.

The key regions considered for the Global Punnet Packaging Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. 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.

Major market player included in this report are:
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.
Recent Developments in the Market:
Ø In October 2021. Waddington® Europe, a branch of Novolex and a renowned European thermoforming packaging provider, announced the debut of a new 100% mono-material protected soft-fruit punnet with MONOAIRTM cushion technology. The MONOAIRTM cushion is deeply embedded in the base of Waddington’s 100% recycled PET (rPET) punnets, removing the need for a separate bubble pad.
Global Punnet Packaging Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Material, Capacity, Application, End User , Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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
Frozen Food Ready-to-Eat
By End Use:
Retail Outlets
Hotels, Restaurants and Cafes

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Punnet Packaging Market, by Region, 2020-2030 (USD Billion)
1.2.2. Punnet Packaging Market, by Material, 2020-2030 (USD Billion)
1.2.3. Punnet Packaging Market, by Capacity, 2020-2030 (USD Billion)
1.2.4. Punnet Packaging Market, by Application, 2020-2030 (USD Billion)
1.2.5. Punnet Packaging Market, by End Use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Punnet Packaging Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Punnet Packaging Market Dynamics
3.1. Punnet Packaging Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising demand for exotic packaged fruits and vegetables Introduction of R-PET or recyclable polyethylene terephthalate Properties
3.1.2. Market Challenges Stringent regulations imposed by the government for product safety and plastic
3.1.3. Market Opportunities Recyclable polyethylene films and polypropylene thin gauge sheets Availability of online retailing
Chapter 4. Global Punnet Packaging Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Punnet Packaging Market, by Material
5.1. Market Snapshot
5.2. Global Punnet Packaging Market by Material, Performance – Potential Analysis
5.3. Global Punnet Packaging Market Estimates & Forecasts by Material 2020-2030 (USD Billion)
5.4. Punnet Packaging Market, Sub Segment Analysis
5.4.1. Plastic Punnet
5.4.2. Paper Punnet
5.4.3. Molded Fiber Punnet
Chapter 6. Global Punnet Packaging Market, by Capacity
6.1. Market Snapshot
6.2. Global Punnet Packaging Market by Capacity, Performance – Potential Analysis
6.3. Global Punnet Packaging Market Estimates & Forecasts by Capacity 2020-2030 (USD Billion)
6.4. Punnet Packaging Market, Sub Segment Analysis
6.4.1. Up to 150 gm
6.4.2. 151-300 gm
6.4.3. 301-500 gm
6.4.4. above 500 gm
Chapter 7. Global Punnet Packaging Market, by Application
7.1. Market Snapshot
7.2. Global Punnet Packaging Market by Application, Performance – Potential Analysis
7.3. Global Punnet Packaging Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Punnet Packaging Market, Sub Segment Analysis
7.4.1. Fruits and Vegetables
7.4.2. Meat
7.4.3. Poultry
7.4.4. Seafood
7.4.5. Frozen Food Ready-to-Eat
Chapter 8. Global Punnet Packaging Market, by End Use
8.1. Market Snapshot
8.2. Global Punnet Packaging Market by End Use, Performance – Potential Analysis
8.3. Global Punnet Packaging Market Estimates & Forecasts by End Use 2020-2030 (USD Billion)
8.4. Punnet Packaging Market, Sub Segment Analysis
8.4.1. Retail Outlets
8.4.2. Hotels, Restaurants and Cafes
8.4.3. Household
Chapter 9. Global Punnet Packaging Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Punnet Packaging Market, Regional Market Snapshot
9.4. North America Punnet Packaging Market
9.4.1. U.S. Punnet Packaging Market Material breakdown estimates & forecasts, 2020-2030 Capacity breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End Use breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Punnet Packaging Market
9.5. Europe Punnet Packaging Market Snapshot
9.5.1. U.K. Punnet Packaging Market
9.5.2. Germany Punnet Packaging Market
9.5.3. France Punnet Packaging Market
9.5.4. Spain Punnet Packaging Market
9.5.5. Italy Punnet Packaging Market
9.5.6. Rest of Europe Punnet Packaging Market
9.6. Asia-Pacific Punnet Packaging Market Snapshot
9.6.1. China Punnet Packaging Market
9.6.2. India Punnet Packaging Market
9.6.3. Japan Punnet Packaging Market
9.6.4. Australia Punnet Packaging Market
9.6.5. South Korea Punnet Packaging Market
9.6.6. Rest of Asia Pacific Punnet Packaging Market
9.7. Latin America Punnet Packaging Market Snapshot
9.7.1. Brazil Punnet Packaging Market
9.7.2. Mexico Punnet Packaging Market
9.8. Middle East & Africa Punnet Packaging Market
9.8.1. Saudi Arabia Punnet Packaging Market
9.8.2. South Africa Punnet Packaging Market
9.8.3. Rest of Middle East & Africa Punnet Packaging Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Coveris Holdings SA Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. Smurfit Kappa Group Plc.
10.3.3. LC Packaging International BV
10.3.4. Groupe Guillin SA
10.3.5. Paccor Netherlands BV
10.3.6. Leeways Packaging Services Ltd.
10.3.7. Tacca Industries Pty Ltd.
10.3.8. Raptis Pax Pty Ltd.
10.3.9. Royal Interpack Group
10.3.10. Alta Global Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
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Technological advancements and projected developments in the market
Consumer spending trends and dynamics
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