Demand for packaging

The company said that together the two categories would account for the 51% Of demand.

"Demand growth for apple packaging will be above average, supported by a projected increase in domestic apple production and growing demand for individually packaged apple slices for convenience and snacking," he said.

“Berries are relatively intensive users of higher-cost rigid packaging due to their greater need for protection compared to other fruits, and demand for packaging will also benefit from spikes in domestic production and the increasing availability of smaller sizes.

Fresh fruit

"However, strong increases in demand for ready-to-eat fruits “They will also create growth opportunities for packaging suppliers in other applications, particularly melons, grapes, pineapple, mangoes, peaches and pears.”

A new analysis predicts that the demand for packaging of fresh fruit will increase 4,0% per year to $ 2.4 billion in 2024, said.

Sales gains will be supported by growing demand for fresh fruit sold in some type of packaging, including rigid plastic bags, bags and containers.

They will also be driven by a more intensive use of higher value packaging that offer characteristics of convenience and ease of use, superior performance and life, and / or improved environmental footprint.

In addition, increased sales of ready-to-eat (RTE) pre-cut fruits, such as apple slices, melon slices, and citrus segments that are typically sold in tubs, cups, or other rigid plastic containers, will also contribute to the growth of stocks. sales. 

Covid effect

"Continued elevated retail grocery spending in the wake of the COVID-19 pandemic will bolster earnings, at least in the near term," the company said.

“However, increases will be limited by relatively slow growth in overall domestic fresh fruit production, with declines projected for some key fruit types, including citrus.”

The Fresh report fruit packaging analyzes the US fresh fruit packaging market. Historical data (2009, 2014 and 2019) and projections for 2024 are presented for fresh produce packaging demand in current US dollars (including inflation) by product and application.