The market for ice cream packaging is anticipated to reach US$ 820.9 million in 2022 and grow at a CAGR of 4.0% from 2022 to 2032. By the end of 2032, the market is anticipated to reach US$ 1,215.6 Mn. By the end of 2022, the top 3 nations are anticipated to control 30–35% of the global market.
According to packaging type, the cup sector is anticipated to maintain its lead during the projected period. According to FMI, the segment is anticipated to see a CAGR of 4.5% from 2022 to 2032. In 2021, the global market’s revenue totaled US$ 797.4 Mn. According to estimates, the global market share held by the top 5 corporations will be between 20 and 25 percent as demand for plastic packaging increases.
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Packaging for ice creams needs to be both attractive visually and provide exceptional product protection. Excellent ice cream packaging quality will make the product sell better, last longer, and improve brand recognition. Thus, rapid development of high-quality and unique designs of ice cream packaging is expected to boost sales and help companies to stay ahead of their competitors.
Moreover, consumers are increasingly turning to ice creams for indulgent pleasure, which is driving sales of cutting-edge ice cream packaging. Various brands are striving to adapt to their options of ice cream packaging to suit a more direct-to-consumer supply chain approach owing to the new way of selling online. Manufacturers have decided to steer clear of plastic as consumer preference for sustainable packaging has increased. Hence, they are coming up with sustainable ice cream packaging solutions globally.
The future of the ice cream packaging industry will be better for the environment as more environmentally friendly alternatives are being discovered. It will also benefit consumers because there will be more options for easy ice cream packaging.
Key Takeaways from Global Ice Cream Packaging Market
- The cup segment under packaging type is expected to hold around 32% of the market share by the end of 2032.
- Based on material, the plastic segment is anticipated to grow 1.5x the current market value during the forecast period (2022-2032).
- The global ice cream packaging market witnessed a CAGR of 3.7% during the historic period (2015-2021).
- The U.S. ice cream packaging market is projected to create an incremental opportunity of US$ 45.2 Mn during 2022-2032.
- The New Zealand ice cream packaging market is estimated to grow at 3.4% CAGR during 2022-2032.
“Manufacturers are focusing on developing sustainable and innovative ice cream packaging, which would push sales. Besides, expansion of the e-commerce industry will propel growth in the global market,” says a FMI analyst.
Rising Demand for Ready-to-eat Ice Creams to Drive the Global Market
In today’s world, convenience is not just about portability, but also about protecting hygiene. Consumers are looking for convenient and ready-to-eat ice cream products backed by their busy lifestyles. These products are easy to transport and can be eaten at work. Hectic schedules of consumers are compelling them to buy ice cream in bulk and keep it in their refrigerators for a longer period of time. Thus, manufacturers are focusing on developing unique packaging that would provide longer shelf life and help to keep the ice cream quality good.
Increasing Demand for Sustainable Packaging is Propelling the Global Market
Consumers are preferring novel packaging that looks attractive, as well as is beneficial for the environment, whether they are buying ice cream regularly or spontaneously. Also, the packaging should be able to keep the product fresh and should reveal the brand essence. Ice cream packaging manufacturers are thus producing sustainable solutions, which would fuel the global market.
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Competitive Landscape: Ice Cream Packaging Market
Berry Global Group, Amcor Plc, ITC Packaging, INDEVCO Group, Huhtamaki Oyj, International Paper Company, Stora Enso Oyj, Sonoco Products Company, Frapak Packaging b.v., Tetra Laval, Stanpac Inc., Insta Polypack, Sirane Limited, Safepack Solutions, Uniflex, Delkor Systems, Inc., Scholle Ipn Corporation, and Pixelle Specialty Solutions are some of the leading ice cream packaging manufacturers worldwide.
Get More Insights on Ice Cream Packaging Market
Future Market Insights, in its new report, offers an unbiased analysis of the global ice cream packaging market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the ice cream packaging market based on the packaging type (cup, tub, stick pack, folding carton, and others (jar, cone, wrappers, etc.)), material (plastic, paper & paperboard, glass, and others (metal, etc.)), and sales channel (online, and offline) across seven regions.
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
Global Ice Cream Packaging Market Outlook By Category
By Packaging Type:
- Cup
- Tub
- Stick Pack
- Folding Carton
- Others (Jar, Cone Wrappers, etc.)
By Material:
- Plastic
- Paper & Paperboard
- Glass
- Others (Metal, etc.)
By Sales Channel:
- Online
- Offline
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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