The shifting consumer preference towards ready-made meals and ready-made food products is a key factor in the revenue growth of the frozen food packaging market.
NEW YORK, NY, UNITED STATES, September 29, 2021 /EINPresswire.com/ – The Global frozen food packaging market The size is expected to reach $ 60.58 billion in 2028 and register a CAGR of 5.5% over the forecast period, according to the latest report from Reports and Data.
Manufacturers are increasingly investing in the development of more efficient packaging solutions, as packaging plays an important role in the frozen food industry. Frozen food packaging solutions help protect the integrity of food products and can also be used to display printed details of content and promotional messages and labels. Frozen food packaging solutions help prevent spoilage and dehydration of food contents and extend the shelf life of food products. Packaging solutions for frozen foods are resistant to moisture, punctures, leaks and durable enough to withstand heavy weight drops. Frozen food packaging companies are increasingly using plastic packaging due to excellent barrier properties to protect the contents from external factors such as moisture, oxygen or light.
The rapid revenue growth of the global food packaging market can be attributed to the shift in consumer preference towards ready meals and ready-made food products. The increase in the world population, the increase in disposable income and the improvement in the standard of living of consumers in developing countries are factors that contribute significantly to the increase in demand for frozen food, which which is driving a rapid demand for frozen food packaging solutions and materials.
The main market players are:
ProAmpac LLC, Sonoco Products Company, American Packaging Corporation, Amcor plc, Berry Global, Inc., Cascades Inc., Sealed Air Corporation, Smurfit Kappa Group, Sabert Corporation and WestRock Company.
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For the purpose of this report, Reports and Data has segmented the global frozen food packaging market on the basis of packaging type, material, product, and region:
Packaging Type Outlook (Revenue, USD Billion; 2018-2028)
Tubs and cups
Hardware Channel Outlook (Revenue, USD Billion; 2018-2028)
Paper and cardboard
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Product Channel Outlook (Revenue, USD Billion; 2018-2028)
Meat, Poultry & Seafood
Fruits and vegetables
Regional Outlook (Revenue, USD Billion; 2018-2028)
Some highlights of the report
In June 2020, American Packaging Corporation launched new cold sealed packaging packaging. The company provides flexible packaging solutions for frozen food, dry food and mixes, dairy and confectionery applications. The new high barrier cold solder flux chain assembly launched by the company can be used for in-store depot recycling streams.
The bags segment is expected to account for the largest revenue share in the global frozen food packaging market during the forecast period owing to its wide use for the packaging of frozen food products including fruit and vegetables, meat, poultry and seafood.
Plastics segment is expected to register robust revenue growth over the forecast period. Manufacturers of frozen food packaging are increasingly using plastic because it does not interact with food and can easily be incorporated into packaging technology.
The meat, poultry and seafood segment is expected to account for a significant revenue share in the global frozen food packaging market due to the growing demand for higher protein food products among a number. growing number of health-conscious consumers.
The frozen food packaging market in Europe is expected to account for the largest share of the revenue during the forecast period. The growing demand for frozen food products in the region due to the busy lifestyle and high purchasing power of consumers is expected to drive the growth of the frozen food packaging market in the region.
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Chapter 1. Market synopsis
1.1. Market definition
1.2. Scope and premise of the research
1.4. Market estimation technique
Chapter 2. Executive summary
2.1. Summary overview, 2020-2028
Chapter 3. Indicative measures
Chapter 4. Frozen Food Packaging Market Segmentation and Impact Analysis
4.1. Frozen Food Packaging Market Materials Segmentation Analysis
4.2. Industrial outlook
4.2.1. Analysis of market indicators
4.2.2. Market driver analysis
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Finally, all aspects of the Frozen Food Packaging market are quantitatively and qualitatively assessed to study the Global as well as regional market comparatively. This market research presents critical information and factual data about the market, providing an overall statistical study of this market on the basis of market drivers, its limitations and future prospects.
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