Global Punnet Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

Global Punnet Market Growth

As per a report published by the Organisation for Economic Co-operation and Development in January 2024, fruit consumption has been rising steadily across many European countries due to increasing consumer awareness of its health benefits. In the United Kingdom and Ireland, around 33% of adults consume five portions of fruits daily, followed by the Netherlands (30%), France (20%), and Germany (11%), among others. Moreover, vegetable consumption has also remained favourable, with a substantial portion of the population in Belgium (76%), Ireland (75%), Sweden (66%), and Norway (67%) consuming at least one portion of vegetables daily. Overall, fruit and vegetable consumption has surged to 12.4% in 2019 and is expected to increase, especially due to the emergence of various digital subscription channels. This is expected to fuel the punnet market development over the forecast period.

The total sales of ready-to-eat meals by Archer Daniels Midland Company rose to USD 16.4 billion in 2022, recording a year-on-year growth of 10.6%. Over two-thirds of all consumers using ready-to-eat meals prefer paying a premium price for high-quality food products. In recent times, the shift towards portion control habits has also prompted companies to launch sustainably packaged meals with less than 700 calories. This is expected to influence the punnet market dynamics favourably over the forecast period.

Key Trends and Developments

Global Punnet Market Trends

In the United Kingdom, around 31% of all consumers purchase one takeaway meal weekly. As per the market analysis, takeaway meals are especially popular in London (58%), where 38% of all consumers aged 18-24 years consume takeaways 2-3 times weekly. An average British family spends over GBP 60 on purchasing family treats, and 41% of consumers have a favourite restaurant they order from. This is expected to propel the punnet market development, as these packaging containers are extensively used for ease of handling of food products like fries, burgers, and chips.

Global Punnet Industry Segmentation

Global Punnet Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-32, the market for punnets in the Asia Pacific is estimated to grow at a CAGR of 7.9% due to the growth of fresh meal kit delivery services. Moreover, the punnet market expansion is expected to be driven by the shift towards sustainability and the growing demand for horticultural products in the region.

Leading Companies in the Global Punnet Market

Major players are switching towards using paper and cardboard for packaging fruits and vegetables, which is boosting the punnet market revenue.

Smurfit Kappa Group

Smurfit Kappa Group was founded in 1934 and is headquartered in Dublin, Ireland. It is a global leader in manufacturing paper-based manufacturing solutions, with a presence in around 40 countries.

Coveris Management GmbH

Coveris Management GmbH was founded in 2013 and is headquartered in Vienna, Austria. It specialises in manufac...

PACCOR Packaging GmbH

PACCOR Packaging GmbH was formed in 1991 and is headquartered in Dusseldorf, Germany. It is engaged in manufac...

RAPTIS PAX

RAPTIS PAX was founded in 1985 and is headquartered in Queensland, Australia. It specialises in manufacturing ...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players included in the punnet market report are LC Packaging International BV, Groupe Guillin SA, Royal Interpack Group, ILIP S.r.l., INFIA srl, and Leeways Packaging Services Ltd., among others.