The global frozen food packaging market size reached US$ 44.5 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 60.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
Frozen foods refer to various food products, including vegetables, fruits, meats, seafood, and ready-to-eat meals that are preserved and processed at an acute cold temperature for retaining nutrients. These consumer goods are later packed in several packaging materials, such as pouches, boxes, tubs, wrappers, and bags to ensure safer transportation. Frozen food packaging is a cost-effective, readily accessible, lightweight, and economical solution that can also withstand high temperatures. On account of these properties, they are extensively utilized to preserve the color, flavor, aroma and texture, thereby maintaining the quality and ensuring the longer shelf of food products.
2. What is the expected growth rate of the global frozen food packaging market during 2023-2028?
3. What has been the impact of COVID-19 on the global frozen food packaging market?
4. What are the key factors driving the global frozen food packaging market?
5. What is the breakup of the global frozen food packaging market based on the type?
6. What is the breakup of the global frozen food packaging market based on the product?
7. What is the breakup of the global frozen food packaging market based on material?
8. What are the key regions in the global frozen food packaging market?
9. Who are the key players/companies in the global frozen food packaging market?
Frozen foods refer to various food products, including vegetables, fruits, meats, seafood, and ready-to-eat meals that are preserved and processed at an acute cold temperature for retaining nutrients. These consumer goods are later packed in several packaging materials, such as pouches, boxes, tubs, wrappers, and bags to ensure safer transportation. Frozen food packaging is a cost-effective, readily accessible, lightweight, and economical solution that can also withstand high temperatures. On account of these properties, they are extensively utilized to preserve the color, flavor, aroma and texture, thereby maintaining the quality and ensuring the longer shelf of food products.
Frozen Food Packaging Market Trends:
The significant expansion in the food and beverage (F&B) sector, along with the increasing demand for packaged ready-to-eat (RTE) meals on account of inflating disposable incomes, particularly in emerging economies, and hectic lifestyle schedules are currently driving the frozen food packaging market growth. In line with this, to meet the evolving consumer requirements, various food and beverage manufacturing companies are adopting modern technologies to introduce attractive, innovative, and convenient-to-carry packaging. These solutions efficiently store, protect, and extend the shelf-life of frozen perishable consumer goods, which, in turn, is acting as another growth-inducing factor. Moreover, the extensive utilization of plastic as the prominent frozen food packaging material on account of their heat resistance, storage, and durable properties, is contributing to the market growth. The shifting inclination of consumers toward online retailing and e-commerce distribution channels for shopping necessity items, especially due to the recent outbreak of coronavirus disease (COVID-19) pandemic and the consequent implementation of the mandatory lockdowns across the globe, is further impelling the market growth. Other factors, such as strategic collaborations amongst key players and continuous investments in the research and developments (R&D) activities for adding new features in the packaging, including zippers and top notches, are creating a positive outlook for the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global frozen food packaging market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, product and material.Breakup by Type:
- Boxes
- Bags
- Cups and Tubs
- Trays
- Wraps
- Pouches
- Others
Breakup by Product:
- Ready Meals
- Meat and Poultry
- Sea Food
- Potatoes
- Vegetables and Fruits
- Soups
Breakup by Material:
- Plastics
- Paper and Paperboards
- Metals
- Others
Breakup by Region:
North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amcor plc, Berry Global Inc., Cascades Inc., Crown Holdings Inc., Huhtamäki Oyj, ProAmpac, Sabert Corporation, Smurfit Kappa Group plc, Sonoco Products Company and WestRock Company.Key Questions Answered in This Report
1. What was the size of the global frozen food packaging market in 2022?2. What is the expected growth rate of the global frozen food packaging market during 2023-2028?
3. What has been the impact of COVID-19 on the global frozen food packaging market?
4. What are the key factors driving the global frozen food packaging market?
5. What is the breakup of the global frozen food packaging market based on the type?
6. What is the breakup of the global frozen food packaging market based on the product?
7. What is the breakup of the global frozen food packaging market based on material?
8. What are the key regions in the global frozen food packaging market?
9. Who are the key players/companies in the global frozen food packaging market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Frozen Food Packaging Market
6 Market Breakup by Type
7 Market Breakup by Product
8 Market Breakup by Material
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Amcor plc
- Berry Global Inc.
- Cascades Inc.
- Crown Holdings Inc.
- Huhtamäki Oyj
- ProAmpac
- Sabert Corporation
- Smurfit Kappa Group plc
- Sonoco Products Company
- WestRock Company
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 147 |
Published | June 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 44.5 Billion |
Forecasted Market Value ( USD | $ 60 Billion |
Compound Annual Growth Rate | 5.1% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |