Global Fruit Punnets Market – Overview
Fruit punnets are mainly used in the storage and packaging of fruits that are both safe and economical packaging solution. Fruits are fresh food items that respire and has a short shelf life after it is harvested. This short shelf-life can be very challenging to maintain the quality of the fruit during long transportations. This is exactly why fruit punnets are so vital for the food packaging industry as they help in protecting the freshness and quality of the fruit over longer time period.
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Global Fruit Punnets Market – Notable Developments
Some of the notable developments of the global fruit punnets market are listed below:
- Infia is the first packaging manufacturer in the world to provide packaging solutions that can provide top quality full color printing direct on the fruit punnets. The company offers high-tech technology for unrivaled customization and promotion of their clients’ logos and brands.
- In August 2019, AVI Global Plast Pvt. Ltd. announced the launch of a new line of AVI prime egg packs. These packs are created from r-PET films that ensure the product is completely recyclable and is safe for the environment. This package is specifically designed for the transportation of eggs and the punnets have a unique snap lock feature that makes them quite easy to handle and offer better safety to such a fragile food item.
- In April 2019, AVI Global Plast announced a new version of fruit punnets for more attractive packaging and transportation of figs for the upcoming season.
Global Fruit Punnets Market – Drivers and Restraints
The fruit punnet is an efficient packaging solution as it not only helps in protecting the fruit while transportation but also helps in maintaining its quality. It also offers excellent visibility of the fruit that helps in attracting the consumers. Such features are thus making fruit punnets more popular in the food packaging industry and thus driving the overall growth of the market. Moreover, significant rise in awareness about healthy diet and eating habits has also helped in pushing the growth of the fruit punnets market across the globe.
It is projected that fruit punnets and similar packaging materials will have a significant impact on the costs of the fresh food products industry. As more and more exotic food products are both imported and exported across the globe, it becomes a matter of highest priority to keep the product fresh and intact till it reaches in the hands of the user. Strong fruit punnets are vital in maintaining such freshness. Thus, the demand for strong fruit punnets has grown considerably.
In addition to this, several manufacturers have started creating sustainable fruit punnets in order to comply with the stricter environmental norms and cut down pollution. Also, it is easy to print on such materials and that is pushing its popularity and helping in the overall development of the global fruit punnets market.
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Global Fruit Punnets Market – Geographical Outlook
The global fruit punnets market is divided into five key geographical segments for the sake of understanding its regional dynamics. These five regions are Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa. Among these, the global market is primarily dominated by Europe followed by North America. These regional market have higher rates of fruit consumption and are thus experiencing more demand for fruit punnets.
However, over the course of the given forecast period of 2018 to 2028, the Asia Pacific segment is expected to witness the highest growth rate. The growth of the region is driven due to the presence of emerging economies such as India and China that are home to booming food packaging industry. In addition to this, these countries are heavily importing exotic fruits such as peach and blueberries. Naturally, with increasing imports, the demand for fruit punnets has also increased and thus helped in the development of the market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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