Israel fresh food packaging market is expected to surge at a CAGR of 4.10% throughout the forecast period. The high vegan population base is the major driver of fresh food packaging in the country. According to data from the Berman Jewish DataBank, the Jewish Federations of North America, Israel is home to around 44% of the world’s total Jewish population which is adding significantly to the size of the vegan population in the country. Supportive government policies and initiatives to boost the adoption of a vegan diet among the Israeli population is further augmenting the demand for fresh food products. Hence, all these factors are spurring the demand for innovative fresh food packaging in Israel.Increasing production of agricultural crops in Israel is another major factor behind the growing demand for fresh food packaging in the country. Rising health concerns is further fuelling the demand for fresh food products, thus positively impacting the market growth of fresh food packaging in the country during the forecast period. However, since the country is known to be a vegan nation, the demand for poultry and meat products, seafood, and dairy products is very limited in the country. This factor is hindering the fresh food packaging market in the country to some extent.
The Israel Fresh Food Packaging market has been segmented on the basis of the material and application. By material, the market has been segmented as plastic, paper and board, glass, and metal. By application, the Israel fresh food packaging market has been classified into poultry and meat products, dairy products, produce (vegetables and fruits), seafood, and others. By material, plastic accounted for a significant market share in 2019 and will grow at a decent CAGR during the forecast period. However, rising environmental concerns regarding increasing plastic waste is shifting the market towards sustainable packaging solutions. As such, the market for paper and board is projected to witness a substantial CAGR during the forecast period. Furthermore, rising R&D to develop innovative paper packaging solutions also contributes to the market growth of paper and board packaging in Israel. New startups are entering the Israel fresh food packaging market which increases the market competition, thus fuelling the fresh food packaging market growth in the country. By application, produce (fruits and vegetables) packaging market holds a significant market share. This growth is attributed to the increasing vegan population in the country which is continuously escalating the demand for fresh fruits and vegetables. Increasing investments to increase the domestic production of various fruits and vegetables is further driving the market growth of fresh food packaging in Israel.
Prominent key market players in the Israel fresh food packaging market include Mondi, Johnson Matthey, Plastopil, and Tipa LTD among others. These companies hold a noteworthy share in the market on account of their good brand image and product offerings. Major players in the Israel fresh food packaging market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last two years.
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