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Frozen Food Packaging Market by Type, Product, and Material - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4612749
  • Report
  • July 2017
  • Region: Global
  • 200 pages
  • Allied Analytics LLP
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Global frozen food packaging market is expected to garner $47,376 million by 2023, from $33,231 million in 2016, registering a CAGR of 5.3% from 2017 to 2023. Food products are highly perishable; thus, to avoid food wastage, to meet the needs of the rising 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 can be stored and used over a long period of time. Frozen foods are preferred over fresh foods, as it can be stored for longer periods and can 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 the emerging economies such as India and China. Increased disposable income and rise of lifestyle has led to the changes in the dietary preferences of the consumers. This in turn is expected to boost the frozen food packaging market. The growth in participation of females in labor force has increased the dependency on readymade and convenience food. This has led to the rise in demand of 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 the packaging of food items attracts the customer and hence 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 2016, followed by North America. Whereas, Asia-Pacific is expected to grow at the highest CAGR of 7.8% during the forecast period.

The global frozen food packaging market is segmented based on type, product, material, and geography. Based on type, 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. Based on material the market is segmented into plastics, paper & paperboards, metals, and others which includes glass and wood. Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major players profiled in this study 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
WestRock Company

KEY BENEFITS FOR STAKEHOLDERS

The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global frozen food packaging market to elucidate the prevailing opportunities and potential investment pockets.
It offers qualitative trends as well as quantitative analysis for the period of 2016–2023 to assist stakeholders to understand the market scenario.
In-depth analysis of the key segments demonstrates the type of packaging used for various frozen food products.
Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
The key players in the market are profiled along with their strategies and developments to understand the competitive outlook of the industry.

KEY MARKET SEGMENTATION

By Type

Boxes
Bags
Cups & Tubs
Trays
Wraps
Pouches
Others

By Products

Ready Meals
Meat & Poultry
Sea Food
Potatoes
Vegetables & Fruits
Soups

By Materials

Plastics
Paper & Paperboards
Metals
Others (Glass and Wood)

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia-Pacific
China
India
South Korea
Japan
Rest of Asia-Pacific
LAMEA
Africa
Middle East
South & Central America

KEY PLAYERS

American Packaging Corporation
Berry Plastics
Caraustar Industries
CM Packaging
Emmerson Packaging
FLAIR Flexible Packaging Corporation
Graham Packaging Company
Huhtamaki N.A.
LINPAC Group
Sabert Corporation

(The aforementioned companies have not been profiled in the report, but can be include on request.)
Note: Product cover images may vary from those shown
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CHAPTER 1. INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

CHAPTER 2. EXECUTIVE SUMMARY
2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

CHAPTER 3. MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets
3.2.2. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.1.1. Rise in consumption of frozen ready meal
3.4.1.2. Growing frozen food market in emerging markets
3.4.1.3. Packaging as a tool for product differentiation
3.4.2. Restraints
3.4.2.1. Lower sales of frozen food in various developing countries due to negative consumer perception
3.4.2.2. Stringent government regulations
3.4.3. Opportunities
3.4.3.1. Growing fast food outlets
3.5. MARKET SHARE ANALYSIS, 2016 (%)

CHAPTER 4. GLOBAL FROZEN FOOD PACKAGING MARKET, BY TYPE
4.1. INTRODUCTION
4.1.1. Market size and forecast
4.2. BOXES
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.3. BAGS
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.4. CUPS & TUBS
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast
4.5. TRAYS
4.5.1. Market size and forecast
4.6. WRAPS
4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast
4.7. POUCHES
4.7.1. Key market trends, growth factors, and opportunities
4.7.2. Market size and forecast
4.8. OTHERS
4.8.1. Key market trends, growth factors, and opportunities
4.8.2. Market size and forecast

CHAPTER 5. GLOBAL FROZEN FOOD PACKAGING MARKET, BY PRODUCT
5.1. INTRODUCTION
5.1.1. Market size and forecast
5.2. READY MEALS
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.3. MEAT & POULTRY
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.4. SEA FOOD
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast
5.5. POTATOES
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast
5.6. VEGETABLES & FRUITS
5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast
5.7. SOUPS
5.7.1. Key market trends, growth factors, and opportunities
5.7.2. Market size and forecast

CHAPTER 6. GLOBAL FROZEN FOOD PACKAGING MARKET, BY MATERIAL
6.1. INTRODUCTION
6.1.1. Market size and forecast
6.2. PLASTICS
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast
6.3. PAPER & PAPERBOARDS
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast
6.4. METALS
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast
6.5. OTHERS
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast

CHAPTER 7. GLOBAL FROZEN FOOD PACKAGING MARKET, BY GEOGRAPHY
7.1. INTRODUCTION
7.1.1. Market size and forecast
7.2. NORTH AMERICA
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast
7.2.3. U.S.
7.2.3.1. Market size and forecast, By Product
7.2.4. Canada
7.2.4.1. Market size and forecast, By Product
7.2.5. Mexico
7.2.5.1. Market size and forecast, By Product
7.3. EUROPE
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast
7.3.3. UK
7.3.3.1. Market size and forecast, By Product
7.3.4. Germany
7.3.4.1. Market size and forecast, By Product
7.3.5. France
7.3.5.1. Market size and forecast, By Product
7.3.6. Italy
7.3.6.1. Market size and forecast, By Product
7.3.7. Spain
7.3.7.1. Market size and forecast, By Product
7.3.8. Russia
7.3.8.1. Market size and forecast, By Product
7.3.9. Rest of Europe
7.3.9.1. Market size and forecast, By Product
7.4. ASIA-PACIFIC
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast
7.4.3. China
7.4.3.1. Market size and forecast, By Product
7.4.4. India
7.4.4.1. Market size and forecast, By Product
7.4.5. South Korea
7.4.5.1. Market size and forecast, By Product
7.4.6. Japan
7.4.6.1. Market size and forecast, By Product
7.4.7. Rest of Asia-Pacific
7.4.7.1. Market size and forecast, By Product
7.5. LAMEA
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast
7.5.3. Africa
7.5.3.1. Market size and forecast, By Product
7.5.4. Middle East
7.5.4.1. Market size and forecast, By Product
7.5.5. South & Central America
7.5.5.1. Market size and forecast, By Product

CHAPTER 8. COMPANY PROFILES
8.1. AMCOR LTD.
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Business Performance
8.1.5. Key Strategic Moves and Developments
8.2. BALL CORPORATION
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Business Performance
8.2.5. Key Strategic Moves and Developments
8.3. BEMIS COMPANY, INC.
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Business Performance
8.3.5. Key Strategic Moves and Developments
8.4. CROWN HOLDINGS, INC.
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Business Performance
8.4.5. Key Strategic Moves and Developments
8.5. GRAPHIC PACKAGING INTERNATIONAL, INC
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Business Performance
8.5.5. Key Strategic Moves and Developments
8.6. INTERNATIONAL PAPER COMPANY
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Business Performance
8.6.5. Key Strategic Moves and Developments
8.7. PACTIV LLC
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Business Performance
8.7.5. Key Strategic Moves and Developments
8.8. SEALED AIR CORPORATION
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Business Performance
8.8.5. Key Strategic Moves and Developments
8.9. SONOCO PRODUCTS COMPANY
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Business Performance
8.9.5. Key Strategic Moves and Developments
8.10. WESTROCK COMPANY
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Business Performance
8.10.5. Key Strategic Moves and Developments
Note: Product cover images may vary from those shown
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According to a new report titled, Frozen Food Packaging Market by Type, Product, and Material: Global Opportunity Alysis and Industry Forecast, 20172023, the global frozen food packaging market was valued at $33,231 million in 2016, and is projected to reach $47,376 million by 2023, registering a CAGR of 5.3% from 2017 to 2023. In 2016, boxes type segment accounted for approximately one-third share of the global market in terms of revenue.

Various types of packaging such as boxes, bags, cups & tubs, trays, wraps, pouches, and others are used to package frozen food products. Packaging not only extends the shelf life of the product but maintains its nutrition value as well. Rapid rise in popularity of convenience, increase in the purchasing power, and changes in lifestyle in emerging economies (Chi, India, and others) has largely supplemented the growth of the frozen food products such as frozen vegetables, fruits, potatoes, meats, sea food, frozen ready meals, and soup which in turn fuels the growth of frozen food packaging market. Moreover, the growth in demand for attractive and innovative packaging in the food industry for product differentiation is also one of the factors driving the market growth.

In 2016, boxes type accounted for the highest revenue growing at a significant CAGR of 4.8%. Boxes are made of plastics, paper & paperboards, metals, and wood. They have high resistance to abrasion, impacts, and shocks. Bags on the other hand are mostly made of plastics. It gives better design flexibility and provides optimum utilization of shelf space. Bags type are expected to grow at the highest CAGR of 6.0% from 2017 to 2023.

Consumer perception about low nutritiol contents in the frozen food in the developing countries leads to lower sales of frozen food products which hampers the growth of the frozen food packaging market.

Key findings of the Frozen Food Packaging Market:

Asia-Pacific is expected to grow at the highest CAGR of 7.8%, followed by LAMEA.
Frozen food packaging for ready meals accounted for the highest market share.
Plastics-based frozen food packaging accounted for the highest market share and is expected to grow at the highest CAGR of 5.7%.
Europe generated the highest revenue, accounted for approximately two-fifths share of the market in 2016.
North America frozen food packaging market is anticipated to grow at a CAGR of 4.4% from 2017 to 2023.

Europe and North America collectively contributed more than two-thirds of the global market share in 2016. The key players operating in the global frozen food packaging market are Amcor Ltd., Ball Corporation, Bemis Company, Inc., Crown Holdings, Inc., Graphic Packaging Intertiol, Inc., Intertiol Paper Company, Pactiv LLC, Sealed Air Corporation, Sonoco Products Company, and WestRock Company.
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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