Punnet Packaging Market worth USD 2,356.1 million by 2033

The Market Statsville Group (MSG) publishes the new report on the "Punnet Packaging Market by Material (Paper, Molded Fiber, Plastic), by Product (With Lid, Without Lid), by Capacity (Up to 150 gm, 300-500 gm, 500 gm and Above), by Packaging Type (Boxboard, Trays, Containers), by Application, by Distribution Channel) and by Region – Global Share and Forecast to 2033

According to the Market Statsville Group (MSG), the global Punnet Packaging market size is expected to grow at a CAGR of 5.1% from 2023 to 2033.

Punnet packaging offers various applications in packaging, pharmaceutical, food & beverages, and cosmetic products. These will promote the market's growth across the United States and Europe region in forthcoming years. Furthermore, punnet packaging is often used for fruits & vegetables, bakery products & confectioneries, packaging trays for eggs, blisters & clamp shells for consumer products, and punnets for electronics and medical instruments. In addition, thin Polyethylene or PET punnets are used in the packaging of horticulture products as horticulture products have a short shelf life, and PET punnets packaging may preserve the products for a longer duration. These will drive the growth of the market over the forecast period.

Moreover, the punnets offer maximum convenience to the customers. The punnets are easy to use and the best option for transporting products long distances. It also assures the best product safety throughout the supply chain. It offers transparency, making the content perfectly visible & attractive to consumers. Additionally, punnets are used in the pharmaceutical industry for medical packagings, such as medical systems, pills, medical kits, syringes, and others, providing safety from harmful external sources that can damage the products. Such factors will accelerate the growth of the punnet packaging market in upcoming years across the US and Europe.

Further, increasing container and packaging waste has also been a significant concern for various industries and governments. For instance, according to the United States Environmental Protection Agency, containers and packaging comprises a major portion of municipal solid waste (MSW), generating around 82.2 million tons in 2018 (28.1 percent of total generation). Furthermore, the rising demand for sustainable packaging from consumers and retailers for fruit and vegetables without compromising the shelf life leads to the development and commercial use of recyclable polyethylene films or R-PET and polypropylene thin gauge sheets. They are replacing the traditional polypropylene punnet packaging for mushroom storage, which can reduce the environmental carbon footprint.

Global Punnet Packaging Market Segmentation

The overall e-commerce fraud prevention market has been segmented into material, product,  capacity, packaging type, distribution channel, application, and region.

• By Material (Paper, Molded Fiber, and Plastic (Polystyrene (PS), Polypropylene (PP), Polyethylene Terephthalate (PET), Polylactide (PLA), Polyvinyl Chloride (PVC), and Others))
• By Product (With Lid and Without Lid)
• By Capacity (Up to 150 gm, 300-500 gm, and 500 gm and Above)
• By Packaging Type (Boxboard, Trays, Containers, and Others)
• By Distribution Channel (Supermarkets/Hypermarkets, Retail Store, E-commerce, and Others)
• By Application (Tomatoes, Mushrooms, Apples, Oranges, Kiwi, Strawberry, and Others)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Strawberries segment is projected to witness the highest CAGR during the forecast period

Strawberries segment is expected to grow at the highest CAGR during the forecast period. As the demand for strawberries increases, there is a corresponding increase in the demand for packaging solutions that protect the fruit during transportation and storage. Punnet packaging is an effective solution for packaging strawberries as it helps maintain the freshness and quality of the fruit while making it easier for consumers to handle and store. The growing consumer preference for healthy food consumption and rising demand for various variants of strawberries-based milk beverages create lucrative growth for the market.

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Europe accounts for the significant growth during the forecast period

Europe is expected to witness significant growth in the Punnet Packaging market. Europe is one of the major regions for the punnet packaging market, along with North America and Asia-Pacific. The demand for punnet packaging in Europe is driven by factors such as the growing trend of buying fresh produce from supermarkets, increasing demand for convenience foods, and the rising awareness among consumers about the need for food safety and quality.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the e-commerce fraud prevention market. It also consists of the profiles of leading companies such as 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., Infia S.r.l., Quinn Packaging Ltd., AVI Global Plast Private Limited, Royal Interpack Group, Alta Global Inc., Ilip S.r.l., and T&B Containers Ltd. The key players' growing research and development activities for innovative solutions are expected to drive market growth.

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