The United Kingdom fresh food packaging market is anticipated to propel at a CAGR of 2.39% throughout the forecast period. The market of the United Kingdom is expected to witness such growth in the forecast period owing to a significant increase in the consumption of domestic consumption of food coupled with high exports. This can be further backed by stating the Department for Environment Food and Rural Affairs (Gov. UK), which says that the total exports of food and drinks from the United Kingdom went from 20.1 Billion Euros in 2016 to 22 Billion Euros in 2017. Furthermore, where the export of fish and fish preparations increased by 14% during the same period, the exports of bird eggs and other dairy products increased at a significant rate of 28%.
In addition, a significant increase in the exports of fruits and vegetables by value and volume is also anticipated to propel the growth opportunities for the players in the market to invest more in the country and gain a competitive edge in the market. According to the Department for Environment Food and Rural Affairs, vegetable exports increased to £111 million by 2017 from £73 million in 2011. Similarly, the exports of vegetables increased from £102 million in 2011 to £155 million by 2017. The growth in the market for the United Kingdom can also be backed up by the high consumption of meat in the country. The data from the Organization for Economic Co-operation and Development also states that pork meat consumption in the United Kingdom increased to 1,481.95 Thousand Tonnes by 2018 from just 1,353 Thousand Tonnes in 2008. In a similar report, the organization states that the consumption of poultry meat during the same period increased by approximately 550 Thousand tonnes and was 2102.6 Thousand tonnes in 2018. Having said that, the consumer shift to a vegan diet can be one of the major factors hindering the growth of the market in the coming years. This, in turn, is also boosting the domestic production of fruits and vegetables in the country, therefore expected to drive the demand for advanced packaging solutions for them and also support the growth of this market during the next five years.
The United Kingdom 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 United Kingdom fresh food packaging market has been classified into poultry and meat products, dairy products, produce (vegetables and fruits), seafood, and others.
Prominent key market players in the United Kingdom fresh food packaging market include Mondi, Coveris, Amcor Plc, Smurfit Kappa, and DS Smith 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 United Kingdom 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.