Global market for fresh food packaging 2016-2022

According to a new report by Stratistics MRC the global 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. Furthermore, innovations in eco-friendly packaging provide huge growth opportunities. Some of the key factors hindering the market are economic crisis and rising raw material prices.
Asia Pacific acquired the highest market share. China is the largest market in Asia Pacific, followed by India, and the market in these countries is anticipated to grow rapidly.
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