PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1171430
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1171430
The Japan fresh food packaging market is expected to grow at a CAGR of 2.21% over the forecast period. The fresh food packaging market is growing in Japan due to an increase in demand for organic food. According to organic trade, organic packaged food and beverages in Japan had a market size of US$602.6 million in 2021, representing 1.0% of global demand and roughly 9.4% of demand in the Asia Pacific. The increase in consumption of organic food in Japan has increased the requirement for fresh food packaging solutions as people are health conscious and opt for organic food, and would even like to have proper packing for the protection and safety of enclosed food. Japan has one of the most advanced technologies in the world, and this has led to the creation of advanced technologies for fresh food packaging. Thereby making innovative and attractive packaging solutions. The growing demand for fresh food and a health-conscious population is further increasing the market for fresh food packaging. The need for shelf-life extension of fresh food and organic food is a major driver for the market as fresh food packaging helps in providing protection and safety and even resistance from microorganisms and bacteria. The growing threat of food spoilage necessitates the use of more robust and long-lasting packaging.
The better health facilities in a country with rich traditions and culture have resulted in an increase in the geriatric population. This has become a limiting factor for fresh food packaging because it is reducing agricultural production due to a shrinking population share in the agriculture sector. The low fertility rate and improved life expectancy are increasing the number of elderly people in Japan. The stringent government regulations regarding the use of fresh food packaging material are also a reason for the restriction. The fresh food packaging market is highly affected due to the lack of natural resources in the country which leads to less consumption and the need for packaging in fresh food products. The Japan Fresh Food Packaging market has been segmented on the basis of material and application. By material, the market has been segmented as paper and board, glass, plastic and metal. By application, the Japanese fresh food packaging market has been classified into poultry and meat products, produce (vegetables and fruits), seafood, dairy products and others. Paper and board have a significant market share due to the widespread use of traditional packaging materials. By application, produced seafood accounted for a significant market share in 2020.
Competitive Insights
Prominent key market players in the Japan fresh food packaging market include SONOCO PRODUCTS COMPANY, International Paper, ULMA GROUP, Takemoto Packaging. Inc., and KOBAYASHI & Co., LTD. Because of their strong brand image and product offerings, these companies have a sizable market share. Major players in the Japanese fresh food packaging market have been covered along with their relative competitive positions and strategies. The report also discusses recent deals and investments made by various market participants over the last two years.
Recent Developmentss
COVID-19 impact on Japan Fresh Food Packaging Market
The coronavirus pandemic affected many industries in Japan, but it had only a minor impact on the country's demand for fresh food packaging. The market was impacted by the implementation of a lockdown to contain the spread of the deadly virus, which resulted in a halt in operations across several industry verticals. However, demand for food, beverages, and pet food increased, supporting the market. During the spread of the COVID-19 pandemic, the fresh food packaging market in Japan experienced resilient growth, which was largely supported by the food and beverage industry.
Segmentation
Plastic
Paper and Board
Glass
Metal
Poultry and Meat Products
Dairy Products
Produce (Vegetables and Fruits)
Seafood
Others