Punnet Packaging Market
Punnet Packaging Market Size, Share & Trends Analysis Report by Material (Paper, and Plastic), by Capacity (Up to 150 gm, 151-300 gm, 301-500 gm, and Above 500 gm), and by Application (Fruits and Vegetables, Frozen Food, Meat, Poultry, and Seafood, and Ready-to-Eat Food) Forecast Period (2024-2031)
Punnet packaging market is anticipated to grow at a CAGR of 5.4% during the forecast period (2024-2031). A punnet is a small, compact basket used to package soft fruits and vegetables, such as mushrooms, grapes, berries, and cherries. As the punnet packaging prevents soft fruits and vegetables from bruising, squashing, or rotting, it extends their shelf life. The growing demand for flexible packaging options to safeguard food items is a key factor driving the growth of the global punnet packaging market.
Market Dynamics
Growing demand from the food sector
The demand for punnet is increasing heavily in the food sector due to the growing number of restaurants and hotels that offer at-home delivery options. The growing trend of ready-to-eat cuisine and exotic packaged fruits and vegetables is further aiding the global market growth. Therefore, the growing food industry globally is likely to drive the global punnet packaging market.
Rising demand for sustainable packaging
The punnet packaging market is anticipated to be driven by the growing demand for paper and fiber punnets as substitutes for plastic punnets in the packaging of food goods. Punnet packaging helps to prevent food goods from being harmed during transit, which in turn propels the punnet packaging industry. For mushroom storage, the conventional polypropylene punnet packaging is being replaced by recyclable polyethylene films, or R-PET, and polypropylene thin gauge sheets, which can lower the environmental carbon footprint. Looking towards the growing demand for sustainable packaging, in April 2021, Graphic Packaging launched a new paperboard punnet.
Market Segmentation
- Based on material, the market is segmented into paper and plastic.
- Based on capacity, the market is segmented into up to 150 gm, 151-300 gm, 301-500 gm, and above 500 gm.
- Based on application, the market is segmented into fruits and vegetables, frozen food, meat, poultry, and seafood, and ready-to-eat food.
Plastic is Projected to Emerge as the Largest Segment
The plastic segment holds a major share of the global market. PET is the most popular material for creating plastic punnets owing to its offered benefits including strength and durability. Plastic punnet packing materials provide a wide range of punnet sizes for mild, medium, and heavy-duty applications.
Regional Outlook
The global punnet packaging market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
North American countries to invest in new packaging options
- The North American market is anticipated to grow steadily due to shifting consumer habits and rising urbanization.
- In recent years, athletes in the US, and Canada have drastically boosted their consumption of animal-based protein which further creates demand for punnets.
Global Punnet Packaging Market Growth by Region 2024-2031
Asia-Pacific Holds Major Market Share
Asia-Pacific holds the major share in the global punnet packaging market. The growing usage of punnet packaging in the food and beverage industries across China, India, Malaysia, and Japan is a key factor contributing to the regional market share. Punnet-packed grapes, which account for a large portion of the global demand, are exported from South Asia. Additionally, China is thought to consume the second most processed meat worldwide. It is anticipated that this will increase punnet packing demand. Punnet packaging is becoming more and more in demand as a result of China's restaurants' growing need for packaged food, processed meat, and fruits.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global punnet packaging market include AVI Global Plast Pvt Ltd., Smurfit Kappa Group plc, INFIA srl, Berry Global, and Coveris Holdings SA among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global punnet packaging market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. AVI Global Plast Pvt. Ltd.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. INFIA srl
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Smurfit Kappa Group plc
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Punnet Packaging Market by Material
4.1.1. Paper
4.1.2. Plastic
4.2. Global Punnet Packaging Market by Capacity
4.2.1. Up to 150 gm
4.2.2. 151-300 gm
4.2.3. 301-500 gm
4.2.4. Above 500 gm
4.3. Global Punnet Packaging Market by Application
4.3.1. Fruits and Vegetables
4.3.2. Frozen Food
4.3.3. Meat, Poultry, and Seafood
4.3.4. Ready-to-Eat Food
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East & Africa
6. Company Profiles
6.1. Alta Global Inc.
6.2. Berry Global
6.3. Coveris Holdings SA
6.4. Groupe Guillin SA
6.5. Ilip s.r.l.
6.6. LC Packaging International BV
6.7. Leeways Packaging Services Ltd.
6.8. Paccor Netherlands BV
6.9. Quinn Packaging Ltd.
6.10. Raptis Pax Pty Ltd.
6.11. Royal Interpack Group
6.12. Sonoco Products
6.13. T&B Containers Ltd.
6.14. Tacca Industries Pty Ltd.
6.15. Van Der Windt Packaging Ltd.
1. GLOBAL PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2023-2031 ($ MILLION)
2. GLOBAL PAPER PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL PLASTIC PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY CAPACITY, 2023-2031 ($ MILLION)
5. GLOBAL PUNNET PACKAGING OF UP TO 150 GM CAPACITY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL PUNNET PACKAGING OF 151-300 GM CAPACITY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL PUNNET PACKAGING OF 301-500 CAPACITY GM MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL PUNNET PACKAGING OF ABOVE 500 GM CAPACITY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
10. GLOBAL PUNNET PACKAGING FOR FRUITS AND VEGETABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL PUNNET PACKAGING FOR FROZEN FOOD MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL PUNNET PACKAGING FOR MEAT, POULTRY, AND SEAFOOD MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL PUNNET PACKAGING FOR READY-TO-EAT FOOD MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. NORTH AMERICAN PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
16. NORTH AMERICAN PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2023-2031 ($ MILLION)
17. NORTH AMERICAN PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY CAPACITY, 2023-2031 ($ MILLION)
18. NORTH AMERICAN PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
19. EUROPEAN PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
20. EUROPEAN PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2023-2031 ($ MILLION)
21. EUROPEAN PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY CAPACITY, 2023-2031 ($ MILLION)
22. EUROPEAN PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
23. ASIA-PACIFIC PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
24. ASIA-PACIFIC PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2023-2031 ($ MILLION)
25. ASIA-PACIFIC PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY CAPACITY, 2023-2031 ($ MILLION)
26. ASIA-PACIFIC PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
27. REST OF THE WORLD PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
28. REST OF THE WORLD PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2023-2031 ($ MILLION)
29. REST OF THE WORLD PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY CAPACITY, 2023-2031 ($ MILLION)
30. REST OF THE WORLD PUNNET PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
1. GLOBAL PUNNET PACKAGING MARKET SHARE BY MATERIAL, 2023 VS 2031 (%)
2. GLOBAL PAPER PUNNET PACKAGING MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL PLASTIC PUNNET PACKAGING MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL PUNNET PACKAGING MARKET SHARE BY CAPACITY, 2023 VS 2031 (%)
5. GLOBAL PUNNET PACKAGING OF UP TO 150 GM CAPACITY MARKET SHARE BY REGION, 2023 VS 2031 (%)
6. GLOBAL PUNNET PACKAGING OF 151-300 GM CAPACITY MARKET SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL PUNNET PACKAGING OF 301-500 GM CAPACITY MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL PUNNET PACKAGING OF ABOVE 500 GM CAPACITY MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL PUNNET PACKAGING MARKET SHARE BY APPLICATION, 2023 VS 2031 (%)
10. GLOBAL PUNNET PACKAGING FOR FRUITS AND VEGETABLES MARKET SHARE BY REGION, 2023 VS 2031 (%)
11. GLOBAL PUNNET PACKAGING FOR FROZEN FOOD MARKET SHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL PUNNET PACKAGING FOR MEAT, POULTRY, AND SEAFOOD MARKET SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL PUNNET PACKAGING FOR READY-TO-EAT FOOD MARKET SHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL PUNNET PACKAGING MARKET SHARE BY REGION, 2023 VS 2031 (%)
15. US PUNNET PACKAGING MARKET SIZE, 2023-2031 ($ MILLION)
16. CANADA PUNNET PACKAGING MARKET SIZE, 2023-2031 ($ MILLION)
17. UK PUNNET PACKAGING MARKET SIZE, 2023-2031 ($ MILLION)
18. FRANCE PUNNET PACKAGING MARKET SIZE, 2023-2031 ($ MILLION)
19. GERMANY PUNNET PACKAGING MARKET SIZE, 2023-2031 ($ MILLION)
20. ITALY PUNNET PACKAGING MARKET SIZE, 2023-2031 ($ MILLION)
21. SPAIN PUNNET PACKAGING MARKET SIZE, 2023-2031 ($ MILLION)
22. REST OF EUROPE PUNNET PACKAGING MARKET SIZE, 2023-2031 ($ MILLION)
23. INDIA PUNNET PACKAGING MARKET SIZE, 2023-2031 ($ MILLION)
24. CHINA PUNNET PACKAGING MARKET SIZE, 2023-2031 ($ MILLION)
25. JAPAN PUNNET PACKAGING MARKET SIZE, 2023-2031 ($ MILLION)
26. SOUTH KOREA PUNNET PACKAGING MARKET SIZE, 2023-2031 ($ MILLION)
27. REST OF ASIA-PACIFIC PUNNET PACKAGING MARKET SIZE, 2023-2031 ($ MILLION)
28. LATIN AMERICA PUNNET PACKAGING MARKET SIZE, 2023-2031 ($ MILLION)
29. MIDDLE EAST AND AFRICA PUNNET PACKAGING MARKET SIZE, 2023-2031 ($ MILLION)
