North America Frozen Food Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

North America Frozen Food Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The North American frozen food packaging market is expected to register a CAGR of 7.30% over the forecast period 2021-2026. As frozen items involve less time and effort than traditional home-cooked meals, the growing customer desire for convenience meals indirectly encourages the growth of frozen product demand. Due to customers' busy lifestyles, the processed food business is driven by a higher need for convenience. As a result, demand for frozen foods soars.

Key Highlights

• The way people buy groceries has changed tremendously. More consumers than ever before are shopping online for food, looking for convenient and safe food options. To meet how consumers want to purchase, retailers offer various order fulfillment alternatives, such as competitive pricing, curbside pickup, home delivery, food delivery smartphone apps, and pick up at a remote location. Retailers are vying for consumer recall value and mindshare in rural, tier I, and tier-II areas, are seeking ways to make their promotional programs as appealing as possible. Thus, increasing various opportunities for grocery retailers that significantly influence the frozen food demand in the region.
• Based on numerous significant variables, including frozen food makers supplying that fit customers' nutritional demands, the American Frozen Food Institute anticipates that frozen foods will continue to rise far beyond 2021. From plant-based meals to immunity-boosting foods to customized nutrition, frozen food innovation demonstrates to customers that there is something for everyone in the freezer case that speaks to today's diverse lives.
• The major categories of packaged food are bakery products and frozen processed food. Some of the emerging categories in this sector are frozen ready-to-eat foods. Storage life can be extended notably by making storage temperatures colder. Consumer expectations of food quality are rising.
• The COVID-19 epidemic has altered people's purchasing habits and what they buy. Foods that are frozen are a great illustration of this. Consumers are significantly reaching for frozen foods that are being sought after for breakfast, lunch, and supper, as they give relief from the routine of preparing three meals a day for a family. According to a survey from the Food Industry Association (FMI) and American Frozen Food Institute, the category has grown fast over the last year, with revenues increasing by 21% in 2020 and volume increasing by more than 13%.

Key Market TrendsBags Packaging Type to Account for a Major Share in the Market

• As the coronavirus pandemic spreads and its humanitarian effect grows, companies that assist meet necessities, such as providing food and other vital commodities to customers securely, are increasingly impacted. Demand for certain types of packaging, such as bags packaging, is increasing, owing to increasing packaging for e-commerce shipments. Packaging for e-commerce shipments is emerging as a lifeline in this new world.
• Furthermore, the market for online shopping in North America continues to expand significantly, owing to the widespread use of the Internet and smartphones. Consumers are increasingly purchasing things on the Internet. This trend will continue into the following projection period, increasing demand for bags packaging solutions that can securely convey food items via more complicated distribution routes.
• More people are consuming frozen food, beverages, and medications on the move, resulting in a massive increase in demand for portable and convenient packaging solutions, such as flexible bags. As a result of the shift to single-person living, more customers, particularly younger age groups, are more likely to shop for food more frequently and in smaller quantities. This has boosted demand for more convenient, smaller-size bag forms and an increase in convenience store retailing.
• For instance, dairy products can be frozen in freezer bags, ideal for short-term usage and saving space. Another major trend being followed is customizing the product based on client requirements.

United States to Witness Significant Growth Rate

• With the growing demand for frozen food packaging, players are making a significant investment in product innovation, thereby augmenting market growth in the country. The proliferating e-commerce in the country is boosting the demand for packaging. Its efficiencies, coupled with the comfort of comparison shopping, also influence down prices in several sectors. As business insider reports, e-commerce is driving retail growth virtually, and its influence on flexible packaging may develop in the region.​
• The retail industry in the US is highly competitive due to established food retailers such as Walmart, Kroger, and Albertsons, thereby driving the growth of the country's market. Moreover, based out of the United States, Walmart is the largest global retailer and the largest in the world. Five of the top 10 largest retail companies globally are based out of the United States, making the country the primary retail industry.
• Also, the demand for frozen food packaging products is generally driven by millennial customers in the country, as they have an ardent preference for single-serving and on-the-go style food and beverage foodstuffs.
• These products are generally designed to be portable, durable, and lightweight; frozen food packaging stands to be a famous option to pack such products. The increasing demand for snack foods, both processed foods and fresh items, is expected to govern the demand.

Competitive Landscape

North America Frozen Food Packaging Market is partially fragmented. Some of the major players in the market are Pactiv Evergreen, Amcor Ltd., Genpak LLC, Graham Packaging Company, Inc., Ball Corporation Inc., and others. Recent Developments made in this sector are:

• August 2021, Ball Corporation, a manufacturer of metal packaging for food and drinks, aerospace, household products, and other industries, is leading the way in reducing reliance on glass and plastic for packaging. To address the rising issue of single-use plastic, it is making significant efforts to make metal a safer alternative to plastic and glass.
• Jun 2021, Amcor Flexibles North America has installed a blown film line at its Wisconsin facility to produce AmPrima PE Plus ultra-clear and heat-resistant films. AmPrima is part of Amcor's responsible packaging solutions portfolio, and it may be collected for kerbside recycling or at current in-store drop-off facilities across the United States.
• January 2021, Crown Holdings Inc., a Pennsylvania-based metal packaging technology business, plans to build a $145 million aluminum can manufacturing facility in Henry County (U.S.). In the Commonwealth Crossing Business Centre, the business will construct a 355,000-square-foot plant to manufacture aluminum beverage cans.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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