- The production of plastic punnet packaging is estimated to reach ~11 billion units in the year 2027.
- The U.S. is expected to account for ~80% of the punnet packaging market in North America.
- Canada is projected to clock a CAGR of ~6% during 2019-2027.
Transparency Market Research delivers key insights on the punnet packaging market in its published report, which includes global industry analysis, size, share, growth, trends, and forecast for 2019–2027. In terms of revenue, the global punnet packaging market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors, about which, TMR offers thorough insights and forecasts in this report.
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Punnet Packaging: An Overview
Punnet packaging is designed to provide physical protection from shocks and tremors to packaged fruits throughout the supply chain. The use of punnet packaging aids in maintaining product integrity and enhancing the shelf life of packaged fruits. Also, punnets can be equipped with vents, which ensures controlled oxygen flow and aids in retaining the freshness of the packaged fruits. These factors are expected to drive the growth of the global punnet packaging market in the coming years.
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Europe & U.S. to Account for Lion’s Share in Global Punnet Packaging Market
According to TMR analysis, North America holds of the global punnet packaging market, and is expected to continue its lead over other regions. The U.S. is expected to account for ~80% of the punnet packaging market in North America. However, Canada is projected to clock a CAGR of ~6% during 2019-2027.
Punnet Packaging Market: Competition Landscape
In the global market report for punnet packaging, the competition landscape is discussed. Key players profiled in the punnet packaging market are 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.