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U.S. Fruit Packaging Market is Expected to Reach at a CAGR of 1.8% by 2029

Submitted by bondjoe on Thu, 03/23/2023 - 05:51

The universal U.S. Fruit Packaging market report endows with in-depth market analysis to thrive in this competitive environment. Moreover, this market survey report gives idea to clients about the market drivers and restraints extracted from SWOT analysis and also provides all the CAGR projections for the historic year 2020, base year 2019 and forecast period of 2022-2029. The report is a professional and a detailed market study focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Analysis and discussion of important industry trends, market size, market share estimates are mentioned in the report.

Fruit and vegetable packaging is a farm practice that involves taking fresh crops from the field to the customer. Since all fruits and vegetables are perishable crops, choosing the right packaging for fruits and vegetables is crucial for farmers to survive in the market. The main function of packaging is to maintain fruits and vegetables in order maintain their quality and extend their storage life

The U.S. Fruit Packaging market is expected to reach the value of USD 17,037.19 million by the year 2029, at a CAGR of 1.8% during the forecast period. Banana accounts for the most prominent fruit type segment in the respective market owing to rising e-commerce, courier, and fruit delivery services. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

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Regulatory Framework

According to the Fair Packaging and Labeling Act of FDA, Food Labeling web pages address the labeling requirements for foods under the Federal Food, Drug, and Cosmetic Act and its amendments. Food labeling is required for most prepared and raw food items including fruits and vegetables. This act issued regulations requiring that all “consumer commodities” be labeled to disclose net contents, the identity of the commodity, and the name and place of business of the products

COVID-19 had a Minimal Impact on Mexico’s Fruit Packaging Market

COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. However, a significant impact was noticed on the fruit packaging market. The operations and supply chain of fruit packaging, with multiple manufacturing facilities, were still operating in the region. The service providers continued offering fruit packaging following sanitation and safety measures in the post-COVID scenario.

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Drivers/Opportunities faced by the U.S. Fruit Packaging Market Industry

Growing demand for convenient and flexible packaging

Flexible packaging’s features make life more convenient. It is easy to store, easy to reseal, easy to open, extends product life, and is easy to carry. The rise in disposable income and improving standards of living among consumers in developing countries are factors contributing significantly to the rising demand for packaged foods including fruits, and this is further driving the demand for packaging solutions and materials that are more convenient to use. In conclusion, growing demand from the major retailers for extended shelf life, and from consumers for convenience products, are also driving the demand of flexible packaging and thus contributing to the growth of the U.S. Fruit Packaging market

Rising e-commerce, courier, and fruit delivery services

E-commerce has transformed the way of business around the world. Much of the growth for the industry has been triggered by an increase in internet and smartphone penetration. Also, advancements in technology and the growth of available marketplaces have made it easier to buy and sell goods through online portals. The Merchants and the delivery services continue to follow consumer demand in online platforms, flocking to e-commerce in record numbers.

Positive outlook towards advanced and smart packaging solutions

The aim of smart packaging technology is to sustain product quality and prolong shelf life. Active packaging responds to a triggering event (such as exposure to ultraviolet light or a decrease in pressure) by releasing or absorbing substances from or into the packaged product or its surrounding environment. Typically, this involves different components, such as moisture or gas scavengers or antimicrobial films, being embedded into the packaging itself.

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U.S. Fruit Packaging Market Scope

Fruit Type

Banana
Apple
Berries
Pomegranate
Others
Material Type

Wood
Molded Fiber / Pulp
Plastic
Others
Product Type

Flexible Packaging
Rigid Packaging
Others
Application

Transportation
Retailing
Food Services
Others
Distribution Channel

Direct
Indirect