Cut Flower Packaging Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Technavio has been monitoring the cut flower packaging market and it is expected to grow by $ 571.12 mn, accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Cut Flower Packaging Market: Key Trends to impact market growth
The growing demand for modified atmospheric packaging will be a significant factor fueling the growth of the cut flower packaging market during the forecast period. Modified atmospheric packaging helps in increasing the shelf life of cut flowers by controlling the oxygen and carbon dioxide levels inside the package.
Cut Flower Packaging Market: Top Drivers to Boost Demand
The emergence of smart packaging is one of the critical cut flower packaging market trends, which will have a positive impact on the growth of the market. Market vendors are increasingly adopting smart packaging solutions to increase the shelf life of products, minimize product damage, and enhance product traceability throughout the supply chain. The use of sensors, tags, smart barcodes, RFID devices, NFC, printed electronics, and advanced track and trace controls to improve the usability and safety of products in the supply chain along with the use of antimicrobial, anti-oxidation, and nanotechnology-enabled packaging will boost its popularity among end-users.
Vendor Analysis: A-ROO Co. LLC, Broekhof Verpakkingen BV and Decowraps are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. A-ROO Co. LLC, Broekhof Verpakkingen BV, Decowraps , DS Smith Plc, Flopak Inc., Koen Pack BV, Sirane Ltd., Smurfit Kappa Group Plc, Temkin PPC, and UFlex Ltd. are some of the major market participants.
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Cut Flower Packaging Market: Key Highlights of the Report for 2021-2025
