An Incisive, In-depth Analysis on the Frozen Food Packaging Market
This study offers a comprehensive, 360 degree analysis on the Frozen Food Packaging market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Frozen Food Packaging market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Dramatic increase in demand for the frozen food products has led manufacturers to implement technically enhanced packaging solutions. As the frozen food products are subject to extreme weather conditions during the time of delivery, demand for frozen food packages continues to increase in the food and beverages industry.
Future Market Insights projects that the global frozen food packaging market is expected to represent a value of US$ 39,000 Mn by the end of 2022.
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(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Online Portals to Impact the Market Growth
With the emerging meal delivery system, purchasing food products from the grocery stores is becoming a trend followed in the past. In order to attract more customers, the manufacturers of the food products are offering doorstep delivery services. As customers prefer ordering food products from online portals, demand for the frozen food packages continue to increase globally. Increasing demand for frozen food products has led to a significant transformation in the packaging industry. Growing need for delivering frozen food products safely has further led the manufacturers in the food industry to opt for tamper proof and temperature controlled packages. Manufacturers prefer using plastic materials for packaging the frozen food products such as fruits, ice-cream, meat and vegetables. Such factors are expected to contribute towards growth of the global frozen food packaging market significantly during the forecast period.
With increasing industrialization and urbanization, various food outlets are offering their services on the online portals. Busy lifestyle has led the customers to order various food products through the online portals. Attributed to increasingly busy lifestyle, the customers prefer ordering frozen food products than cooking. Increasing demand for the frozen food products among customers continues to rev up demand for the frozen food packages in the food industry.
Meal Delivery System to Rev Up Demand
Frozen food products also witness considerable demand from the manufacturers for production of various dishes. Manufacturers operating in the food industry prefer using the frozen food products attributed to the preserved quality, freshness and flavor of the product. In order to preserve the qualities of the food products, manufacturers prefer opting for the frozen food packages as it protects the products from extreme weather conditions and moisture. Growing need for delivering food products safely among suppliers of the frozen food products will continue to rev up demand for packages that are equipped with temperature controlled features. Such factors are expected to impact growth of the global frozen food products market positively during the forecast period.
On the other hand, high content of sodium in the frozen food products is expected to inhibit demand for the frozen food products. Increasing preference for ordering hot food meals as compared to frozen food is further expected to dip sales of the frozen food packages. Moreover, high prices of the frozen food packaging products is expected to impact growth of the global frozen food packaging market negatively.
Bags & Pouches to Represent a Leading Segment
Global Frozen Food Packaging Market: Overview
Frozen food products witness significant demand in the food and beverages industry attributed to growing preference for cooked and fresh food products. Surge in the number of working women and disposable income is further expected to impact growth of the global frozen food packaging market positively. Manufacturers are increasingly focusing on providing enhanced packaging solutions for protective packaging of the frozen food products.
The report provides an in-depth insight on various important aspects of the global frozen food packaging market while offering critical analysis on the important segments, factors driving growth of the global market, growth patterns and competitive landscape. According to the report, the global frozen food market is expected to witness a moderate growth attributed to increasing demand for temperature controlled packaging.
Global Frozen Food Packaging Market: Market Dynamics
Growth of the global frozen food packaging market is mainly bound to macro-economic and micro-economic factors. The report reveals various factors that are expected to propel growth of the global market. The global market is significantly driven by enhanced packaging solutions that include temperature controlled and tamper-proof packaging solutions. As manufacturers prefer packages that protect the frozen food products from the extreme climatic conditions and moisture, demand for the frozen food packages are expected to rev up in the global market. Moreover, surge in demand delivery of the food services is further expected to impact growth of the global frozen food packaging market.
Bound to busy lifestyle, the customers mainly prefer ordering food products through the online portals. Growing need to deliver the frozen food products safely has led the manufacturers to integrate features that preserve and protect the quality of the food products. Surge in demand for ice-creams, bakery products, fruits and vegetables continue to rev up demand for the frozen food packages among the manufacturers. Attributed to such factor, the global frozen food packaging market is expected to witness significant growth.
Global Frozen Food Packaging Market: Segmentation
In the next section, the report highlights various segments in the global frozen food packaging market. The global frozen food packages market is segmented on the basis of packaging materials, packaging type, application type and region. The packaging material is segmented as paper & paperboard, plastic, metal and other packaging materials (wood, fiber and glass). On the basis of packaging type, the global frozen food packaging market is segmented as boxes & carton, bags & pouches, containers (plastic containers and metal cans), trays, films and wraps, bottles & jars and others (tubs, bowl and cups). Based on the application type, the global frozen food market is segmented as meat, poultry & seafood, ice cream, baked goods, fruit & vegetables and other application type.
On the basis of packaging materials, the plastic segment is expected to generate significant revenues in the global market. However, the paper & paperboard segment is expected to register a robust CAGR in the global frozen food packaging market. Based on the packaging type, the bags & pouches segment is expected to represent a significant growth in terms of revenue. Moreover, this segment will register an impressive CAGR growth in the global market. By application type, the frozen specialties segment is expected to register the highest CAGR. On the other hand, the meat, poultry and seafood market is expected generate significant revenues in the global market. Europe will continue to remain a leading market for the frozen food packaging products globally.
Global Frozen Food Packaging Market: Key Players
In the last section, the report highlights the major market players operating in the global frozen food packaging market. Key players in the global market of frozen food product are Ball Corporation, Amor Ltd., Crown Holding Inc., Bemis Company Inc., Pactiv LLC., International Paper Company, Sonoco Products Company, Sealed Air Corporation, Berry Global Group Inc., Printpack Inc. and Huhtamaki Oyj.