Frozen Food Packaging Market By Type (Boxes, Bags, Cups And Tubs, Trays, Wraps, Pouches, Others), By Product (Ready Meals, Meat And Poultry, Sea Food, Potatoes, Vegetables And Fruits, Soups), By Material (Plastics, Paper And Paperboard, Metals, Others): Global Opportunity Analysis and Industry Forecast, 2020-2031
The global frozen food packaging market was valued at $39,855.1 million in 2021, and is expected to reach $63,980.5 million by 2031, registering a CAGR of 5.0% from 2022 to 2031.
Food products are highly perishable, thus, to avoid food wastage, to meet the needs of the rise in population, and to keep food businesses competitive and profitable, preservation of food (by freezing) is adopted by various food manufacturers. The deep-frozen food products are stored and used over a long period of time. Frozen foods are preferred over fresh foods, as they can be stored for longer period and be prepared in less time. The packaging of frozen food maintains the nutrition value of the food items and also increases its shelf life. Greater variation of packaging, such as boxes, bags, cups & tubs, trays, wraps, pouches, and others are adopted for various types of frozen food products to keep food fresh and convenient for use.
There is a growth in demand for frozen food in emerging economies, such as India and China. Increase in disposable income and rise of lifestyle have led to the changes in the dietary preferences of consumers. This in turn, is expected to boost the frozen food packaging market. The growth in participation of females in labor force increases the dependency on readymade and convenience food. This leads to rise in demand for frozen food, which further accelerates the growth of the frozen food packaging market. Packaging not only extends the shelf life of food products but is also used for decoration purposes. Continuous innovation and development in packaging of food items attracts customers and, thus, drives the overall growth of the market. Europe is the largest market for frozen food packaging, which accounted for approximately two-fifths of share in 2021, followed by North America, whereas, Asia-Pacific is expected to grow at the highest during the forecast period.
The frozen food packaging market is segmented on the basis of type, product, material, and geography. On the basis of type, the market is divided into boxes, bags, cups & tubs, trays, wraps, pouches, and others. On the basis of product, the market is classified into ready meals, meat & poultry, sea food, potatoes, vegetables & fruits, and soups. On the basis of material, the market is segmented into plastics, paper & paperboard, metals, and others, which includes glass and wood. On the basis of geography, the market is analysed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the report include, Amcor Ltd., Ball Corporation, Bemis Company, Inc., Crown Holdings, Inc., Graphic Packaging International, Inc., International Paper Company, Pactiv LLC, Sealed Air Corporation, Sonoco Products Company, and WestRock Company. The other key market players (not profiled in this report) in the value chain include American Packaging Corporation, Berry Plastics, Caraustar Industries, CM Packaging, Emmerson Packaging, Flair Flexible Packaging Corporation, Graham Packaging Company Huhtamaki N.A., LINPAC Group, and Sabert Corporation.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the frozen food packaging market analysis from 2020 to 2031 to identify the prevailing frozen food packaging market opportunities.
The market research is offered along with information related to key drivers, restraints, and frozen food packaging market opportunity.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the frozen food packaging market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global frozen food packaging market trends, key players, market segments, application areas, and market growth strategies
Key Market Segments
By Type
Boxes
Bags
Cups And Tubs
Trays
Wraps
Pouches
Others
By Product
Ready Meals
Meat And Poultry
Sea Food
Potatoes
Vegetables And Fruits
Soups
By Material
Plastics
Paper And Paperboard
Metals
Others
By Region
North America
Europe
Asia-Pacific
LAMEA
Key Market Players
Amcor Ltd.
Ball Corporation
BEMIS COMPANY, INC.
CROWN HOLDINGS, INC.
GRAPHIC PACKAGING INTERNATIONAL, INC
INTERNATIONAL PAPER COMPANY
PACTIV LLC
SEALED AIR CORPORATION
Sonoco Products Company
WESTROCK COMPANY
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