Introduction
In a world increasingly conscious of environmental sustainability, the Food Punnets Market is witnessing a transformation driven by packaging innovation. As we delve into this market, you’ll discover how these small containers have a big impact on the food industry and consumers. This article will provide insights into the Food Punnets Market, touching upon various aspects, from materials used to consumer preferences. Let’s dive into this eco-friendly revolution.
Food Punnets Market Overview
Understanding Food Punnets
Food punnets are small containers commonly used for packaging fruits, vegetables, and other perishable items. These pint-sized boxes play a significant role in preserving freshness, preventing damage, and enhancing convenience.
In 2023, the global food punnets market is poised to reach an estimated value of US$ 16.67 billion, with a projected CAGR of 5.29% during the period from 2023 to 2033, ultimately aiming for a market valuation of US$ 27.9 billion by 2033.
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Recent Developments-
- In September 2022: Amcor Rigid Packaging (ARP) created ‘ClearCor’ to produce ‘DairySeal’, a new PET barrier technology for containers of ready-to-drink dairy beverages. The containers are recyclable and can contain up to 80% recyclable elements in their construction. The company has created a barrier out of PET film to keep dairy beverages fresh. A “concentrated capsulation” developed by new technology designed by ClearCor in the preform’s core gives the containers extra flexibility and resin possibilities.
- In April 2019 – Amcor announced the launch of ‘Amite Ultra Recyclable’, its first packaging product made up of the company’s revolutionary, more sustainable high-barrier polyolefin film. It can cut a pack’s carbon footprint by up to 64%.
Materials and Sustainability
Pioneering Eco-Friendly Packaging: The Food Punnets Market has shifted towards eco-friendly materials like biodegradable plastics and recycled cardboard. This shift is a response to growing consumer awareness about the environmental impact of packaging.
Packaging Innovation
Shape and Design: Innovative designs in food punnets have enhanced their functionality. For example, ventilation holes and stackable designs ensure optimal storage and transportation.
Food Punnets Market: Key Players
The food punnets market is highly competitive in nature, holding to the existence of leading players. The contenders who are steering in the food punnets market are as follows –
- LC Packaging International B.V.
- AVI Global Plast Pvt Ltd
- Carters Packaging Limited
- Marinucci Australia Pty Ltd.
- T&B Containers Limited
- Nicholas Packaging
- YV Packaging
- Tacca Industries
- Sullivan Packaging
- Velkan Engineering Pvt. Ltd.
- INFIA Srl
- Raptis Pax Pty Ltd.
Sustainable Practices in Food Packaging
Reduced Plastic Usage
Biodegradable Plastics: The use of biodegradable plastics in food punnets has gained momentum. These materials break down naturally, reducing plastic waste.
Recycling Initiatives
Recyclability: Food punnets made from recyclable materials encourage consumers to dispose of them responsibly.
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Food Punnets Market: Segmentation
The segmentation of food punnets market is done based on the following segments
Material Type:
- Paper
- Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene terephthalate (PET)
- Polystyrene (PS)
- Polylactic Acid (PLA)
- Polyvinyl Chloride (PVC)
- Other Plastic
Capacity:
- 50 gm – 100 gm
- 101 gm – 200 gm
- 201 gm – 500 gm
- Above 500 gm
End Use:
- Packaged Food
- Vegetables
- Seafood
- Fruits
- Others
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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