The worldwide ice cream packaging market is on a trajectory of impressive growth, with an anticipated valuation of US$ 853.74 million expected by 2023. This upward trend is set to continue, with a steady compound annual growth rate (CAGR) of 4.0% projected from 2023 to 2033. By the end of the decade, in 2033, the ice cream packaging market is forecasted to achieve a substantial market worth of US$ 1263.74 million.
Additionally, the global landscape is expected to witness a significant shift in market concentration. It is anticipated that the top three countries in this industry will collectively command a substantial market share, accounting for approximately 30 to 35% of the global market by the conclusion of 2023. This underscores the dynamic and competitive nature of the ice cream packaging market on a global scale.
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.
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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
Market Players:
- Berry Global Group
- Amcor Plc
- ITC Packaging
- INDEVCO GROUP
- Huhtamaki Oyj
- Sonoco Products Company
- International Paper Company
- Stora Enso Oyj
- Frapak Packaging b.v.
- Tetra Laval
- Stanpac Inc.
- Insta Polypack
- Sirane Limited.
- Safepack Solutions
- Uniflex
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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.
Regional Outlook:
Thriving Trends: A Comprehensive Look at the United States Ice Cream Packaging Market
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 US$ 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,
- In August 2021, Sacred Serve, a Chicago-based producer of plant-powered cold-crafted gelato, launched a novel paperboard ice cream carton design. It is made from 100% virgin, food-safe paperboard and a water-based, food-safe barrier coating.
Vital Scope for Ice Cream Packaging Companies in New Zealand:
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,
- In November 2021, the Amazing New Zealand Food Company, an emerging player in the food manufacturing industry, approached RedSpark for its branding and marketing expertise to introduce a new range of premium foods.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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