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Fresh Food Packaging Market Size, Share, Trends, Analysis, Report and Forecast to 2022

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According to Stratistics MRC, the Fresh Food Packaging Market is estimated at $72.81 billion in 2015.

GAITHERSBURG, MARYLAND, US, May 3, 2017 /EINPresswire.com/ -- According to Stratistics MRC, 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.

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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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The key players in the market include, Silgan Holdings, Inc., E.I. Du Pont De Nemours and Co., Sealed Air Corporation, Coveris Holdings S.A, DS Smith PLC, Amcor Limited, Mondi PLC, Rocktenn Company, International Paper Company, Bemis Company, Inc., Smurfit Kappa, Berry Plastics, Packaging Corporation of America and Sonoco Products Company.

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