Punnet Packaging Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2024 to 2031)

Global punnet packaging market is anticipated to grow at a CAGR of 5.4% during the forecast period (2024-2031). The growing demand for high-barrier and tear-resistant packaging solutions among end-users to maximize the shelf life of perishable goods is driving the demand for punnet packaging. Personalized punnets with a retailer's logo, color palette, or unique design can help them stand out from the competition and improve brand recognition. Retail establishments may stand out from the competition and attract customers searching for particular brands or product possibilities with the help of this differentiation strategy. The introduction of cutting-edge, new R-PET (recyclable polyethylene terephthalate) products could accelerate the punnet packaging market's expansion. 

Recent developments in the punnet packaging market:

·        In January 2023, Ilip launched a new rPET punnet for strawberries and other delicate fruits. The B40 punnet has an absorbent paper pad in the base instead of the micro-bubble plastic pad, allowing packagers to reduce the quantity of plastic they use while still protecting the fruit. It is a 100.0% recyclable rPET punnets that feature an absorbent paper pad to cut the amount of plastic used.

·        In March 2022, Graze introduced the grab-and-go size Marmite Crunch snack. The snack is vegan and fulfills non-HFSS (non-high in fat, sugar, and salt) nutritional criteria. The 28g punnet is available to convenience retailers now with a recommended retail price of £1.20 or $1.53.

·        In November 2021, Heat Seal Card Punnets were released as a breakthrough in packaging sustainability. These heat-seal card punnets are the culmination of a key objective for the Westpak brand – to break the grocery industry’s long-standing dependence on plastic punnets for commercial heat-sealing processes. 

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Market Coverage

                 The market number available for – 2023-2031

                 Base year- 2023

                 Forecast period- 2024-2031

Segment Covered- 

·        By Material

·        By Capacity

·        By Application

Regions Covered-

·        North America

·        Europe

·        Asia-Pacific

·        Rest of the World

Competitive Landscape- AVI Global Plast Pvt Ltd., Smurfit Kappa Group plc, INFIA srl, Berry Global, and Coveris Holdings SA among others.

Punnet Packaging Market Report Segment

By Material

                 Paper

                 Plastic

By Capacity

                 Up to 150 gm

                 151-300 gm

                 301-500 gm

                 Above 500 gm

By Application

                 Fruits and Vegetables

                 Frozen Food

                 Meat, Poultry, and Seafood

                 Ready-to-Eat Food

A full Report of Punnet Packaging Market is Available @  https://www.omrglobal.com/industry-reports/punnet-packaging-market

Punnet Packaging Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

       Latin America

       Middle East and Africa 

Company Profiles

                 Alta Global Inc.

                 Berry Global

                 Coveris Holdings SA

                 Groupe Guillin SA

                 Ilip s.r.l.

                 LC Packaging International BV

                 Leeways Packaging Services Ltd.

                 Paccor Netherlands BV

                 Quinn Packaging Ltd.

                 Raptis Pax Pty Ltd.

                 Royal Interpack Group

                 Sonoco Products

                 T&B Containers Ltd.

                 Tacca Industries Pty Ltd.

                 Van Der Windt Packaging Ltd.

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