The frozen food packaging machines market size is projected to be worth US$ 1,638.5 million in 2023. The market is likely to surpass US$ 2,618.6 million by 2033 at a CAGR of 4.8% during the forecast period. With the rise in the demand for frozen foods globally, the growth of frozen food packaging machines is observed. Due to the rise in industrialization, busy lifestyles and the advancement in technologies, the demand of consumers for frozen food is increasing. The rising number of emerging nations is increasing the demand for packaged ready-to-eat products. The companies operating in the market are adopting automated packaging in order to improve the efficiency of the packaging system. With the help of packaging machines, frozen foods can be packed with high precision, high efficiency, low labor cost, and in less time.
Other Drivers Propelling the Demand for Frozen Food Packaging Machines include:
Challenges for Companies /Manufacturers in the Frozen Food Packaging Machines Market:
Opportunities in the Frozen Food Packaging Machines Industry:
Latest Trends in the Frozen Food Packaging Machines Market:
| Attribute | Details |
|---|---|
| Frozen Food Packaging Machines Market Size (2023) | US$ 1,638.5 million |
| Frozen Food Packaging Machines Market Projected Size (2033) | US$ 2,618.6 million |
| Value CAGR (2023 to 2033) | 4.8% |
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From 2018 to 2022, the global Frozen Food Packaging Machines market experienced a CAGR of 2.9%, reaching a market size of US$ 1,563.5 million in 2022.
From 2018 to 2022, with the rise in the e-commerce sector and online grocery stores, the demand for frozen food has increased which drives the market growth. In addition, with the ability to store and preserve frozen foods with enhanced packaging the growth of the frozen food packaging machine can be seen. Substantial demand is witnessed for packaged food, as it is convenient and quick.
Looking ahead, the global frozen food packaging machines industry is expected to rise at a CAGR of 4.8% from 2023 to 2033. During the forecast period, the market size is expected to reach US$ 2,618.6 million.
With the advancement in technology and the rise of e-commerce, the adoption rate of the frozen food is increasing. With the rise in the disposable income of consumers in emerging economies, there is a boost in the growth in the market. The convenience and the availability of ready-to-eat products is uplifting the market. Easy availability of frozen food at various retail outlets is likely to augment the demand frozen food packaging machines market.
East Asia & South Asia region holds the largest market share and dominates the growth of the market with the maximum number of key players in the market. The significant growth of the online grocery is further boosting the growth of the frozen food packaging machines market.
Principal Consultant
| Country | China |
|---|---|
| Market Size (US$ million) by End of Forecast Period (2033) | US$ 209.5 million |
| CAGR % 2023 to End of Forecast (2033) | 6.5% |
The frozen food packaging machines industry in the China is expected to reach a market share of US$ 209.5 million by 2033, expanding at a CAGR of 6.5%. According to Mitsui & Co. Global Strategic Studies Institute (MGSSI), in recent years, with the expansion of supermarket operations, cold chain logistics networks are being developed. Additionally, the Chinese government turned its attention to the development of cold chain logistics in December 2021 when it unveiled its first strategy (14th Five-Year strategy (2021-2025)).
The plan estimates that China's refrigerated and frozen warehouse capacity and refrigerated vehicle fleet size will be 180 million m3 and 287,000 units, respectively, in 2020, two and two and a half times bigger than in 2015. The government also plans to build a nationwide cold chain distribution network and increase the cold chain distribution rates for meat, fruits and vegetables, and marine products to 85%, 30%, and 85%, respectively, by 2025. The prepared food market such as frozen food will continue to grow because of policy encouragement for the development of the cold chain logistics, which are essential to the distribution of prepared foods. Thus, this will have a positive impact on frozen food packaging machines market.
| Country | India |
|---|---|
| Market Size (US$ million) by End of Forecast Period (2033) | US$ 189.4 million |
| CAGR % 2023 to End of Forecast (2033) | 5.8% |
The frozen food packaging machines industry in India is anticipated to reach a market share of US$ 189.4 million, moving at a CAGR of 5.8 % during the forecast period. The rising trend of online grocery shopping is the main factor boosting the growth in the Indian market. In addition, with the rise in consumption of packaged food, the frozen food packaging market is growing in India.
The pouches segment is expected to dominate the frozen food packaging machines industry with a CAGR of 5.4% from 2023 to 2033. This segment captures a significant market share in 2023 due to the high demand ready to eat meals and takeaways. Furthermore, pouches are lighter and take up less space, due to this; the manufacturers can save the transport cost and ship more products. Reusable pouches give consumers the choice to serve only a portion of the contents in the bag at once and store the rest for later, extending the shelf life of the products.
The vacuum packaging machine segment is expected to dominate the frozen food packaging machines industry with a CAGR of 4.8% from 2023 to 2033, due to its high efficiency, and helps to increase the shelf life of the products without having to add preservatives.
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The major key players are focusing on research and development, which can increase the efficiency of the machine. The frozen food packaging machines industry is highly competitive, with many new players entering the market. In such a scenario, key players must adopt effective strategies to stay ahead of the competition.
Key Strategies Adopted by the Players
The major key players are collaborating with each other to gain competitive advantage, and also gain access to advanced technologies.
The major key players are focusing reducing the cost of the production and increase the efficiency and accuracy, which can be affordable for small and medium scale. This can eventually increase the adoption rate of the frozen food packaging machines.
The major key players are investing and expanding their channels into the emerging economies which can help them gain market position. And will help them to increase their customer base.
The market may reach a potential value of US$ 1,638.5 million in 2023.
Through 2033, the market may accelerate progressively at a CAGR of 4.8%.
The estimated value of the global market in 2033 is US$ 2,618.6 million.
India's market is predicted to accelerate at a CAGR of 5.8% by 2033.
The vacuum packing machines segment is poised to dominate the market from 2023 to 2033, scaling at a CAGR of 4.8%.
1. Executive Summary 1.1. Global Market Outlook 1.2. Market Analysis 1.3. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Sustainable Trends 3.3. Technological Trends 3.4. Product Innovation / Development Trends 4. Key Success Factors 4.1. Product Adoption / Usage Analysis 4.2. Product USPs / Features 4.3. Strategic Promotional Strategies 4.4. Go-to-market Strategies 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 5.1. Historical Market Volume (Units) Analysis, 2018 to 2022 5.2. Current and Future Market Volume (Units) Projections, 2023 to 2033 5.3. Y-o-Y Growth Trend Analysis 6. Global Market - Pricing Analysis 6.1. Regional Pricing Analysis 6.2. Global Average Pricing Analysis Benchmark 7. Global Market Demand (in Value or Size in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022 7.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Global Packaging Machinery Market Overview 8.2. Forecast Factors - Relevance & Impact 8.3. Value Chain Analysis & Profitability Margin 8.3.1. Exhaustive List of Component Suppliers 8.3.2. Exhaustive List of Distribution Machines/ Converters/Distributors 8.3.3. Exhaustive List of Brand Owners/ Customer Base 8.4. Case-based Scenario – Impact Assessment 8.4.1. Current Statistics 8.4.2. Short-Mid-Long Term Outlook 8.4.3. Likely Rebound 8.5. Market Dynamics 8.5.1. Drivers 8.5.2. Restraints 8.5.3. Opportunity Analysis 8.6. Supply Demand Analysis 8.6.1. Import /Export Analysis 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Machine Type 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) and Volume (Units) Analysis By Machine Type, 2018 to 2022 9.3. Current and Future Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Machine Type, 2023 to 2033 9.3.1. Vertical Packaging Machines 9.3.2. Horizontal Packaging Machines 9.3.3. Tray Sealers 9.3.4. Vacuum Packaging Machines 9.3.5. Thermoforming Packaging Machines 9.3.6. Bagging Machines 9.3.7. Cartoning Machines 9.4. Market Attractiveness Analysis By Machine Type 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Packaging Type 10.1. Introduction/Key Findings 10.2. Historical Market Size (US$ Million) and Volume (Units) Analysis By Machine Type, 2018 to 2022 10.3. Current and Future Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Packaging Type, 2023 to 2033 10.3.1. Rigid 10.3.1.1. Boxes 10.3.1.2. Tubs & Cups 10.3.1.3. Cans 10.3.1.4. Trays 10.3.2. Flexible 10.3.2.1. Pouches 10.3.2.2. Bags 10.3.2.3. Sachets & Flow Packs 10.4. Market Attractiveness Analysis By Packaging Type 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Million) and Volume (Units) Analysis By Application, 2018 to 2022 11.3. Current and Future Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Application, 2023 to 2033 11.3.1. Meat, Poultry & Seafood 11.3.2. Fruits & Vegetables 11.3.3. Dairy 11.3.4. Ready-to-Eat 11.3.5. Bakery & Confectionery 11.4. Market Attractiveness Analysis By Application 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ Million) and Volume (Units) Analysis By Region, 2018 to 2022 12.3. Current and Future Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Region, 2023 to 2033 12.3.1. North America 12.3.2. Latin America 12.3.3. East Asia 12.3.4. South Asia & Pacific 12.3.5. Western Europe 12.3.6. Eastern Europe 12.3.7. Central Asia 12.3.8. Russia & Belarus 12.3.9. Balkan & Baltic Countries 12.3.10. Middle East and Africa (MEA) 12.4. Market Attractiveness Analysis By Region 13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13.1. Introduction / Key Findings 13.2. Historical Market Size (US$ Million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022 13.3. Current Market Size (US$ Million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033 13.3.1. By Region 13.3.1.1. USA 13.3.1.2. Canada 13.3.2. By Machine Type 13.3.3. By Packaging Type 13.3.4. By Application 13.4. Market Attractiveness Analysis 13.4.1. By Region 13.4.2. By Machine Type 13.4.3. By Packaging Type 13.4.4. By Application 14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14.1. Introduction / Key Findings 14.2. Historical Market Size (US$ Million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022 14.3. Current Market Size (US$ Million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033 14.3.1. By Region 14.3.1.1. Brazil 14.3.1.2. Mexico 14.3.1.3. Argentina 14.3.1.4. Rest of Latin America 14.3.2. By Machine Type 14.3.3. By Packaging Type 14.3.4. By Application 14.4. Market Attractiveness Analysis 14.4.1. By Region 14.4.2. By Machine Type 14.4.3. By Packaging Type 14.4.4. By Application 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15.1. Introduction / Key Findings 15.2. Historical Market Size (US$ Million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022 15.3. Current Market Size (US$ Million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033 15.3.1. By Region 15.3.1.1. China 15.3.1.2. Japan 15.3.1.3. South Korea 15.3.2. By Machine Type 15.3.3. By Packaging Type 15.3.4. By Application 15.4. Market Attractiveness Analysis 15.4.1. By Region 15.4.2. By Machine Type 15.4.3. By Packaging Type 15.4.4. By Application 16. South Asia & Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16.1. Introduction / Key Findings 16.2. Historical Market Size (US$ Million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022 16.3. Current Market Size (US$ Million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033 16.3.1. By Region 16.3.1.1. India 16.3.1.2. ASEAN 16.3.1.3. Australia & New Zealand 16.3.2. By Machine Type 16.3.3. By Packaging Type 16.3.4. By Application 16.4. Market Attractiveness Analysis 16.4.1. By Region 16.4.2. By Machine Type 16.4.3. By Packaging Type 16.4.4. By Application 17. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17.1. Introduction / Key Findings 17.2. Historical Market Size (US$ million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022 17.3. Current Market Size (US$ million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033 17.3.1. By Region 17.3.1.1. Germany 17.3.1.2. France 17.3.1.3. Spain 17.3.1.4. Italy 17.3.1.5. United Kingdom 17.3.1.6. BENELUX 17.3.1.7. Nordics 17.3.1.8. Rest of Western Europe 17.3.2. By Machine Type 17.3.3. By Packaging Type 17.3.4. By Application 17.4. Market Attractiveness Analysis 17.4.1. By Region 17.4.2. By Machine Type 17.4.3. By Packaging Type 17.4.4. By Application 18. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18.1. Introduction / Key Findings 18.2. Historical Market Size (US$ million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022 18.3. Current Market Size (US$ million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033 18.3.1. By Region 18.3.1.1. Poland 18.3.1.2. Hungary 18.3.1.3. Austria 18.3.1.4. Czech Republic 18.3.1.5. Rest of Eastern Europe 18.3.2. By Machine Type 18.3.3. By Packaging Type 18.3.4. By Application 18.4. Market Attractiveness Analysis 18.4.1. By Region 18.4.2. By Machine Type 18.4.3. By Packaging Type 18.4.4. By Application 19. Central Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19.1. Introduction / Key Findings 19.2. Historical Market Size (US$ million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022 19.3. Current Market Size (US$ million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033 19.3.1. By Region 19.3.1.1. Kazakhstan 19.3.1.2. Kyrgyzstan 19.3.1.3. Tajikistan 19.3.1.4. Turkmenistan 19.3.1.5. Uzbekistan 19.3.2. By Machine Type 19.3.3. By Packaging Type 19.3.4. By Application 19.4. Market Attractiveness Analysis 19.4.1. By Region 19.4.2. By Machine Type 19.4.3. By Packaging Type 19.4.4. By Application 20. Russia & Belarus Market Analysis 2018 to 2022 and Forecast 2023 to 2033 20.1. Introduction / Key Findings 20.2. Historical Market Size (US$ million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022 20.3. Current Market Size (US$ million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033 20.3.1. By Region 20.3.1.1. Russia 20.3.1.2. Belarus 20.3.2. By Machine Type 20.3.3. By Packaging Type 20.3.4. By Application 20.4. Market Attractiveness Analysis 20.4.1. By Region 20.4.2. By Machine Type 20.4.3. By Packaging Type 20.4.4. By Application 21. Balkan & Baltic Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033 21.1. Introduction / Key Findings 21.2. Historical Market Size (US$ million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022 21.3. Current Market Size (US$ million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033 21.3.1. By Region 21.3.1.1. Romania 21.3.1.2. Greece 21.3.1.3. Bulgaria 21.3.2. By Machine Type 21.3.3. By Packaging Type 21.3.4. By Application 21.4. Market Attractiveness Analysis 21.4.1. By Region 21.4.2. By Machine Type 21.4.3. By Packaging Type 21.4.4. By Application 22. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 22.1. Introduction / Key Findings 22.2. Historical Market Size (US$ million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022 22.3. Current Market Size (US$ million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033 22.3.1. By Region 22.3.1.1. GCC Countries 22.3.1.2. Turkey 22.3.1.3. Northern Africa 22.3.1.4. South Africa 22.3.1.5. Israel 22.3.2. By Machine Type 22.3.3. By Packaging Type 22.3.4. By Application 22.4. Market Attractiveness Analysis 22.4.1. By Region 22.4.2. By Machine Type 22.4.3. By Packaging Type 22.4.4. By Application 23. Region wise Market Analysis 2023 & 2033 23.1. USA Market Analysis 23.1.1. By Machine Type 23.1.2. By Packaging Type 23.1.3. By Application 23.2. Canada Market Analysis 23.2.1. By Machine Type 23.2.2. By Packaging Type 23.2.3. By Application 23.3. Brazil Market Analysis 23.3.1. By Machine Type 23.3.2. By Packaging Type 23.3.3. By Application 23.4. Mexico Market Analysis 23.4.1. By Machine Type 23.4.2. By Packaging Type 23.4.3. By Application 23.5. Germany Market Analysis 23.5.1. By Machine Type 23.5.2. By Packaging Type 23.5.3. By Application 23.6. UK Market Analysis 23.6.1. By Machine Type 23.6.2. By Packaging Type 23.6.3. By Application 23.7. Spain Market Analysis 23.7.1. By Machine Type 23.7.2. By Packaging Type 23.7.3. By Application 23.8. France Market Analysis 23.8.1. By Machine Type 23.8.2. By Packaging Type 23.8.3. By Application 23.9. Italy Market Analysis 23.9.1. By Machine Type 23.9.2. By Packaging Type 23.9.3. By Application 23.10. Russia Market Analysis 23.10.1. By Machine Type 23.10.2. By Packaging Type 23.10.3. By Application 23.11. China Market Analysis 23.11.1. By Machine Type 23.11.2. By Packaging Type 23.11.3. By Application 23.12. Japan Market Analysis 23.12.1. By Machine Type 23.12.2. By Packaging Type 23.12.3. By Application 23.13. India Market Analysis 23.13.1. By Machine Type 23.13.2. By Packaging Type 23.13.3. By Application 23.14. GCC Countries Market Analysis 23.14.1. By Machine Type 23.14.2. By Packaging Type 23.14.3. By Application 23.15. Australia Market Analysis 23.15.1. By Machine Type 23.15.2. By Packaging Type 23.15.3. By Application 24. Market Structure Analysis 24.1. Market Analysis by Tier of Companies 24.2. Market Share Analysis of Top Players 24.3. Market Presence Analysis 25. Competition Analysis 25.1. Competition Dashboard 25.2. Competition Benchmarking 25.3. Competition Deep Dive 25.3.1. Multivac 25.3.1.1. Overview 25.3.1.2. Product Portfolio 25.3.1.3. Profitability by Market Segments (Automation/Product/Region) 25.3.1.4. Sales Footprint 25.3.1.5. Strategy Overview 25.3.2. Ricciarelli SpA 25.3.2.1. Overview 25.3.2.2. Product Portfolio 25.3.2.3. Profitability by Market Segments (Automation/Product/Region) 25.3.2.4. Sales Footprint 25.3.2.5. Strategy Overview 25.3.3. AMAC Technologies 25.3.3.1. Overview 25.3.3.2. Product Portfolio 25.3.3.3. Profitability by Market Segments (Automation/Product/Region) 25.3.3.4. Sales Footprint 25.3.3.5. Strategy Overview 25.3.4. Syntegon 25.3.4.1. Overview 25.3.4.2. Product Portfolio 25.3.4.3. Profitability by Market Segments (Automation/Product/Region) 25.3.4.4. Sales Footprint 25.3.4.5. Strategy Overview 25.3.5. ULMA Packaging 25.3.5.1. Overview 25.3.5.2. Product Portfolio 25.3.5.3. Profitability by Market Segments (Automation/Product/Region) 25.3.5.4. Sales Footprint 25.3.5.5. Strategy Overview 25.3.6. WEIGHPACK 25.3.6.1. Overview 25.3.6.2. Product Portfolio 25.3.6.3. Profitability by Market Segments (Automation/Product/Region) 25.3.6.4. Sales Footprint 25.3.6.5. Strategy Overview 25.3.7. PAXIOM 25.3.7.1. Overview 25.3.7.2. Product Portfolio 25.3.7.3. Profitability by Market Segments (Automation/Product/Region) 25.3.7.4. Sales Footprint 25.3.7.5. Strategy Overview 26. Assumptions and Acronyms Used 27. Research Methodology
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Frozen Food Packaging Machines Market
