The freezer bags market, which includes various types of bags designed for storing and preserving food in freezer conditions, is influenced by several drivers and restraints. These factors can impact the growth and dynamics of the market. Here are some key drivers and restraints for the freezer bags market:
The global freezer bags market is poised to hold a value of US$ 4,808.2 million in 2023. According to our market experts at FMI, the worldwide sales of bulk freezer bags anticipated at a CAGR of 3.8% through 2033. The global freezer bags market size is expected to secure almost US$ 6,981.6 million by 2033 end.
The increasing preference for packaged food products in various global markets is poised to drive the demand for plastic storage bags in the foreseeable future. This surge in demand can be attributed, in part, to the fast-paced nature of modern living, leading individuals to gravitate towards convenient packaging solutions. Notably, vacuum seal bags, which offer both food preservation and reduced contamination risks, are witnessing a surge in popularity as they align with this growing consumer trend.
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Market Drivers:
- Food Preservation: Freezer bags are essential for preserving the quality and freshness of food items in freezing temperatures. They help prevent freezer burn and maintain the taste and texture of frozen food.
- Convenience: Freezer bags are easy to use and allow for efficient organization and storage of frozen food. They often feature resealable closures that make it simple to access and reseal frozen items.
- Consumer Demand for Convenience Foods: As busy lifestyles become more common, consumers are increasingly seeking convenient food options. This drives the demand for frozen meals and ingredients, thus boosting the freezer bags market.
- Home Meal Preparation: The trend of cooking and preparing meals at home has grown, and freezer bags are a vital tool for storing homemade meals, sauces, and ingredients for future use.
- Bulk Shopping: Consumers who buy food items in bulk often rely on freezer bags to portion and store items for long-term use, reducing food waste and saving money.
- Food Safety: Freezer bags help maintain the safety and hygiene of frozen food by preventing contamination and freezer odor transfer.
- Food Delivery Services: With the growth of food delivery and meal kit services, there is an increased need for freezer bags to transport frozen ingredients and prepared meals.
Market Growth Factors
The increasing popularity of airtight freezer bags for meals is a direct response to the evolving preferences of modern consumers, who prioritize convenience, food safety, and optimal storage solutions. As a result, businesses introducing ready-to-eat food items are poised to positively impact the sales of BPA-free freezer bags equipped with moisture barriers throughout the forecast period.
In January 2021, the entry of Taste Company, a pioneering food startup, into the ‘ready-to-eat’ food market created a substantial demand for freezer bags designed specifically for soups. Similarly, in June 2022, a Mumbai-based company unveiled a nutritious line of ready-to-eat packaged food products enclosed in double-sealed freezer bags.
The global proliferation of retail outlets is expected to exert a significant influence on the market for freezer bags intended for home use during the projection period. Additionally, advancements in food processing technologies, including the adoption of vacuum seal bags and innovative processing techniques, further contribute to the compatibility and popularity of these freezer bags.
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Key Market Players:
- Thantawan Industry Plc.
- CeDo Ltd.
- Plastic Slovakia s.r.o.
- GELU- PLAST packaging films GmbH & Co.KG
- EURO – pac Unterrainer GmbH
- DUO-PAck Co. Ltd.
- Comcoplast Comco Commercial Cooperation GmbH
- Cofresco Frischhalteprodukte GmbH & Co. KG
- Forum-Plast GmbH
- Sun Plast (India)
- Keller GmbH
- Richmond Plastics Ltd.
- Simple (United Kingdom)
- Shanghai Huitai Packaging Co, LTD.
Key Segments Profiled in the Global Freezer Bags Market
Freezer Bags Market by Product Type:
- Flat
- Satchel
- Block Bottom
- PP
- Nylon
- Polyester
Freezer Bags Market by Material Type:
- HDPE
- MDPE
- LDPE
Freezer Bags Market by Application:
- Freezer Bags for Food
- Dairy Products
- Seafood
- Meat & Poultry
- Fresh Vegetables & Fruits
- Ready-to-Eat Food
- Others
- Freezer Bags for Non-food Articles
Freezer Bags Market by Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- The Middle East & Africa (MEA)
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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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