The global Ice Cream Packaging Market size is set to reach a valuation of USD 853.74 million in 2023 and expand at a CAGR of 4.0% from 2023 to 2033. The ice cream packaging market is likely to reach USD 1263.74 million by the end of 2033. The top 3 countries are projected to hold 30 to 35% of the global market share by the end of 2023.
The cup segment by packaging type is estimated to remain at the forefront during the forecast period. As per FMI, this segment is expected to register a CAGR of 4.5% from 2023 to 2033.
Increasing consumption of ice creams in various regions and the launch of numerous varieties of ice creams are projected to bolster the demand for innovative ice cream packaging. The ice cream packaging industry is anticipated to expand 1.5 times the current market value from 2023 to 2033.
The ice cream contains cashew, figs, and Isabgol. Isabgol is a common laxative that is used in Indian households. Similar new product launches by ice cream and dairy product giants are likely to push the global ice cream packaging market.
Industry (From 2018 to 2022)
| CAGR | 3.7% |
|---|---|
| Market Size - 2018 | USD 722.18 million |
| Market Size - 2022 | USD 826.90 million |
Industry (From 2023 to 2033)
| CAGR | 4.0% |
|---|---|
| Market Size - 2023 | USD 853.74 million |
| Market Size - 2033 | USD 1263.74 million |
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The global ice cream packaging market witnessed a CAGR of 3.7% during the historical period from 2018 to 2022. It reached a valuation of USD 826.90 million in 2022 from USD 722.18 million in 2018.
The packaging used for frozen desserts serves many purposes, such as protecting the product from external damage during transportation and enabling the development to be stored safely and correctly on the supermarket shelf or in the freezer at home.
Also, from a branding and marketing perspective, ice cream packaging choice is extremely important as it helps attract new potential customers.
Consumer needs and preferences are constantly changing. In addition, increasing preference for sustainable packaging is compelling packaging manufacturers to focus mainly on launching innovative ice cream packaging.
The global market is likely to surge quickly in the coming decade, with a rising need to attract consumers’ attention and boost the overall productivity of a business.
Looking at the numerous benefits of ice cream packaging, its demand consistently increases from online and offline sales channels. To cater to this rising demand, manufacturers are increasing their production capabilities.
Moreover, owing to the above mentioned factors, the global ice cream packaging market is set to expand at a productive 4.0% CAGR during the forecast period.
Surging Demand for Ice Creams with High Nutritional Value
Consumers are preferring unique and high-quality ice cream flavors. They are willing to pay more for ice cream ingredients that they consider to be innovative. Hence, ice cream manufacturers are launching various premium brands to cater to the growing ice cream packaging demand worldwide.
Athletes and health-conscious consumers looking for ice creams with more nutritional value have been particularly fond of low-sugar, high-protein varieties. This propels the demand for a wide range of ice creams, positively affecting the global ice cream packaging market during the evaluation period.
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Ice cream packaging manufacturers are equipping their products with new technologies. Technology plays an important role in bringing innovative products to consumers, branding, and product development. Further, good packaging ensures the product remains undamaged throughout the supply chain, from the manufacturer to the consumer.
Ice cream manufacturers offer connected packaging solutions, including digital QR codes printed on ice cream packs. These allow customers to find all the relevant information about the product.
High Demand for Plastic Ice Cream Containers with Lid to Drive Growth
The plastic segment is estimated to be accounted for around 58% of the global ice cream packaging market share in 2023 based on material type. The segment is estimated to create an absolute $ opportunity of USD 209.9 million during the forecast period, says FMI.
Robust strength, high flexibility, and the ability to withstand cold temperatures well are some properties of plastic packaging that may surge growth.
| Segment | Material |
|---|---|
| Segment Name | Plastic |
| Segment Share | 58% |
Ice Cream Container Suppliers are Focusing on Developing Cups
The cup segment is anticipated to remain at the forefront of the global ice cream packaging market among packaging types. The segment is expected to grow 1.5 times the market value from 2023 to 2033. Further, consumers ' increasing preference for ice cream cups owing to their portability and ease of use is likely to aid growth.
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Start-up Companies in the United States are Launching Biodegradable Ice Cream Containers
As per FMI, the United States ice cream packaging market is projected to create an incremental opportunity of USD 47.4 million from 2023 to 2033. According to Ice Cream Alliance, ice cream packaging in the United States has significantly rebounded in 2021.
Production of plastic ice cream packaging increased in the country in 2021. Significant growth in the trade of ice cream products in the United States may also create high demand for innovative packaging in the next decade.
Various start-up ice cream stores are coming up with unique packaging in the United States to meet the stringent government norms revolving around the protection of the environment. For instance,
Dessert Companies in New Zealand are Making Eco-friendly Ice Cream Packaging
FMI states that the New Zealand ice cream packaging market is anticipated to expand at 3.5% CAGR from 2023 to 2033. According to the New Zealand Ice Cream Manufacturers Association (NZICMA), demand for single-serve ice cream is increasing in the country due to rising customer preference for on-the-go snacks. They are also looking for different flavors.
Frequent distribution and transportation of these products are expected to increase the demand for ice cream packaging in New Zealand. For instance,
RedSpark developed cleanly designed packaging for the former’s frozen desserts, sorbets, and ice creams. Thus, similar collaborations between dessert companies and packaging giants in New Zealand could spur the ice cream packaging market.
Key ice cream packaging manufacturers operating in the ice cream packaging market focus on developing innovative and sustainable products and expanding their capabilities. Moreover, some other companies are engaging in acquisitions and upgrading their product portfolios to cater to the growing ice cream packaging demand.
Amcor Plc, ITC Packaging, and Sonoco Products Company are the top three businesses in the field of ice cream packaging. Amcor combines the finest packaging design, research, production, and human resources to support corporate growth.
ITC Packaging has emerged as a leading provider of ice cream packaging and is committed to sustainability & innovation. The company offers ecologically friendly packaging to all of its clients, which is made possible by its lightweight design, logistical efficiency, and recyclability.
With the help of these certifications, the company can offer various sustainable solutions. It has made multiple investments to increase the energy efficiency of its equipment through the progressive adoption of totally electric-powered machinery. One such investment is a photovoltaic system that may soon be made to produce clean, renewable energy.
In May 2022, the company announced that it was pre-qualified with EnviroFlex and How2Recycle. With the help of this strategy, Sanoco advanced with sustainable, flexible packaging options. Further, the company understands the importance of creating eco-friendly packaging options to safeguard the environment for coming generations.
| Company | Borealis |
|---|---|
| Strategy | Borealis Established a Partnership with Paccor |
| Details | In June 2022, Borealis partnered with Paccor (Germany) and Froneri (Finland). It has developed a mono-material PP ice cream packaging made with bio-based feedstock. |
| Company | Berry Global Inc. |
|---|---|
| Strategy | Berry Global Introduces Earth-Friendly Ice Cream Container |
| Details | In August 2019, Berry Global Inc. introduced a pint-sized sustainable solution for ice cream in which ice cream manufacturers use a paper pint. It is a clear point that provides an eco-friendly solution on all three fronts (reduce, reuse, and recycle). |
The y-o-y demand for ice cream packaging to surge at 4% CAGR through 2033.
The total sales achieved by the market could be USD 1,263.74 million by 2033.
Ice cream packaging demand during 2018 to 2022 witnessed 3.7% y-o-y growth rate.
The regional market may create an incremental opportunity of USD 47.4 million through 2033.
New Zealand is projected to register a 3.5% CAGR through 2033.
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