Frozen Food Packaging Market Share, Growth & Forecast [2031]
Frozen Food Packaging Market Share, Growth & Forecast [2031]
Segments - Frozen Food Packaging Market by Types of Food Products (Meat & Sea Foods, Fruits & Vegetables, Frozen Desserts & Ice Creams, and Baked Goods), Types of Packaging (Boxes, Bags, Tubs & Cups, Trays, Wrappers, Pouches, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :MC-2359
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| 195 Pages
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Report Description
The global frozen food packaging market size was valued at USD 32.5 Billion in 2020 and is projected to surpass USD 44.6 Billion by 2028, expanding at a CAGR of 5.18 % during the forecast period, 2021–2028. The growth of the market is attributed to large female involvement in the workforce and changes in family dynamics the consumption of frozen food has increased.
Food preservation is aided by frozen food packaging from the moment it is produced until the time it is consumed. Frozen food packaging helps to keep natural color, flavor, and texture, as well as nutrients, than meals preserved in other ways.
Frozen food is becoming popular among consumers due to its convenience, diversity of selections, ease of meal preparation, and other benefits. It retains vitamins and minerals in food without the use of preservatives, satisfying the rising demand for fresh and nutritious components and foods among customers.
The Covid-19 pandemic affected the demand and supply of global frozen food packaging market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increased need for beautiful, creative, and easy-to-carry packaging to set the product apart from the competition is projected to fuel the market during the forecast period.
- Government’s laws and restrictions regarding fresh food packaging are estimated to hamper the market growth.
- Lack of awareness act as major challenge that can restrict the market during the forecast period.
- R&D investment and technological advancement is expected to create lucrative opportunities for the market players.
Scope of Frozen Food Packaging Market Report
The report on the global frozen food packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Frozen Foods Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Types of Food Products (Meat & Sea Foods, Fruits & Vegetables, Frozen Desserts & Ice Creams, and Baked Goods), and Types of Packaging (Boxes, Bags, Tubs & Cups, Trays, Wrappers, Pouches, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
ProAmpac LLC, American Packaging Corporation, Cascades Inc., Berry Plastics Group Inc., and Sonoco Products Company |
Frozen Food Packaging Market Segment Insights
The frozen dessert & ice creams segment is expected to grow at a rapid pace
Based on type of products, the frozen food packaging market is bifurcated into meat & sea foods, fruits & vegetables, frozen desserts & ice creams, and baked goods. The frozen desserts & dairy products segment is expected to represent a key share of the market during the forecast period.
International food companies such as Nestle, which promotes ice cream all year with their winter melon product, have altered the idea that frozen desserts are exclusively enjoyed in the summer. In addition, milk is the most popular dairy product worldwide. Plastic bottles account for more than half of all milk packaging in the country. Single-serve and elegant PET bottles are used to package some milk and drinkable dairy products, such as yogurts and smoothies.
The bags segment is expected to grow at a rapid pace
Based on type of packaging, the frozen food packaging market is segregated into boxes, bags, tubs & cups, trays, wrappers, pouches, and others. The bags segment is expected to represent a key share of the market during the forecast period. Factors such as changing lifestyles, rising disposable income, and increased urbanization in emerging nations, particularly among the growing middle-class population, are driving the market. Plastic bags come in a variety of sizes and forms. It has a number of advantages, including the capacity to withstand extreme temperatures and technological advantages.
Asia Pacific is anticipated to dominate the market
On the basis of regions, the frozen food packaging market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during forecast period. The food demand in Asia-Pacific is expected to increase with population growth, while demand for high-quality food is expected to be driven by urbanization and increased awareness of food-borne diseases and food waste.
China has the largest frozen packaging market share in the Asia-Pacific. Chinese consumers are now looking for high-quality, easy-to-eat foods. Other consumer products in the frozen food market remain unchanged due to their availability in the region.
Segments
The global frozen food packaging market has been segmented on the basis of
Types of Products
- Meat & Sea Foods
- Fruits & Vegetables
- Frozen Desserts & Ice Creams
- Baked Goods
Types of Packaging
- Boxes
- Bags
- Tubs & Cups
- Trays
- Wrappers
- Pouches
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- ProAmpac LLC
- American Packaging Corporation
- Cascades Inc.
- Berry Plastics Group Inc.
- Sonoco Products Company
Competitive Landscape
Key players competing in the frozen food packaging market include ProAmpac LLC, American Packaging Corporation, Cascades Inc., Berry Plastics Group Inc., and Sonoco Products Company. Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
For instance, in June 2020 - TETRA PAK Egypt Ltd introduced a revolutionary, first-of-its-kind low-energy beverage processing line for juice, nectar, and still drinks (JNSD) to revolutionize beverage manufacturing. It treats liquids in two distinct streams, which are aseptically mixed into the finished beverage, using a mixture of pasteurization, filtration, and UV light technology.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Frozen Food Packaging Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Frozen Food Packaging Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Frozen Food Packaging Market - Supply Chain
4.5. Global Frozen Food Packaging Market Forecast
4.5.1. Frozen Food Packaging Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Frozen Food Packaging Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Frozen Food Packaging Market Absolute $ Opportunity
5. Global Frozen Food Packaging Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Frozen Food Packaging Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Frozen Food Packaging Demand Share Forecast, 2019-2026
6. North America Frozen Food Packaging Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Frozen Food Packaging Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Frozen Food Packaging Demand Share Forecast, 2019-2026
7. Latin America Frozen Food Packaging Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Frozen Food Packaging Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Frozen Food Packaging Demand Share Forecast, 2019-2026
8. Europe Frozen Food Packaging Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Frozen Food Packaging Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Frozen Food Packaging Demand Share Forecast, 2019-2026
9. Asia Pacific Frozen Food Packaging Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Frozen Food Packaging Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Frozen Food Packaging Demand Share Forecast, 2019-2026
10. Middle East & Africa Frozen Food Packaging Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Frozen Food Packaging Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Frozen Food Packaging Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Frozen Food Packaging Market: Market Share Analysis
11.2. Frozen Food Packaging Distributors and Customers
11.3. Frozen Food Packaging Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. ProAmpac LLC
11.4.2. American Packaging Corporation
11.4.3. Cascades Inc.
11.4.4. Berry Plastics Group Inc.
11.4.5. Sonoco Products Company
Methodology
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