Acumen Research and Consulting estimate that the global frozen food packaging market is expected to reach the market value of around US$ 50 Bn by 2026 and is anticipated to grow at a CAGR of around 5.1% in terms of revenue during the forecasting period 2019 – 2026.
The wrapping of packaged food helps to sustain food since the time it is produced in the factory till it is consumed. The wrapping of frozen products helps retain initial colour, flavour and texture and typically their nutrients compared to products stored by other techniques. Typically containers, tubs, bottles, pouches, trays, cups, wrappers and sackcloth are used for frozen food packaging that contains fruit and vegetables, milk and meat, frozen sweets and ice creams.
The report provides an analysis of the global frozen food packaging market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
Increased demand for ready-to-eat and nutritious foodstuffs due to busy lifestyles leading to flexible working schedules is expected to drive the growth in frozen food packaging industries. Moreover, growing demand for frozen food is projected to witness a further rise in the industry due to advantages such as longer shelf-life and easy accessibility. Moreover, evolving habits of ready to eat foodstuff combined with increased disposable income and the growing population is predicted to raise frozen food consumption, which would also improve the frozen-food packaging market over the predicted period. Moreover, demographic trends such as the changing lifestyle and the rise of small households are projected to fuel demand for fast foods to the advantage of industry growth. State policies, however, is a key challenge in the industry of both developing and emerged countries.
As a result of increasing growth in consumption of frozen food products, China is projected to be the most lucrative market for frozen food packaging. Growing disposable incomes, increased involvement of women in workforce and rapid growth of the country's retail network is fueling frozen food consumption which in turn results in the growth of the frozen food packaging sector. India and the Middle East are lucrative markets that have risen and anticipated to grow at a substantial CAGR during the forecast period.
The market research study on “Frozen Food Packaging Market (By Food Type: Meat and Sea Food, Fruits and Vegetables, Baked Goods, Frozen Desserts and Ice Cream; Frozen Food Packaging Market By Packaging Type: Boxes, Wrappers, Bags, Tubs and Cups, Trays, Pouches, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on the global Frozen Food Packaging market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights into the global frozen food packaging market, its food type, packaging type, and major geographic regions. The frozen food packaging market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of the report.
The global Frozen Food Packaging Market is segmented as below:
Frozen Food Packaging Market By Food Type
Frozen Food Packaging Market By Packaging Type
Frozen Food Packaging Market By Geography
Middle East & Africa
There are many key players on the frozen food packaging market. None of the major companies actually control the industry in terms of market share. The innovative and colorful packaging designs also increase their medium-sized presence on the industry by winning new contracts and entering new opportunities for smaller businesses.
Major players included in this report are Sealed Air, Sonoco Products Company, Cascades Inc., ProAmpac, Berry Global Inc., Amcor plc, Huhtamaki Oyj, and Others.
In 2019, a new manufacturing line of sustainable, eco-friendly packaging was introduced by the Cascades Sonoco joint partnership between Cascades Inc. and Sonoco Products Company in Birmingham, Alabama, to extend the packaging plant. They spent US$ 17 Mn in the development of a water-based functional coating solution to manufacture recyclable, inefficient and compostable containers.
The market value of frozen food packaging is anticipated to be around US$ 50 Bn in 2026.
It is anticipated to grow over 5.1% CAGR amid the forecast period.
Asia Pacific held maximum share in 2018 led by the China.
North America is projected to grow at a fast pace during forecast period.
Increased demand for ready-to-eat and nutritious foodstuffs is expected to support growth in frozen food packaging industries.
Major players of frozen food packaging market are included in this report are Sealed Air, Sonoco Products Company, Cascades Inc., ProAmpac, Berry Global Inc., Amcor plc, Huhtamaki Oyj, and Others.
North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA) are the regions are included in frozen food packaging market?.