Future Market Insights predicts that the global market for flexible frozen food packaging is poised to achieve a market valuation of US$ 2.8 billion in 2023, with a projected expansion at a robust CAGR of 12%, reaching an impressive US$ 8.7 billion by 2033.
Bag and pouch formats are anticipated to dominate the market, holding a substantial 70% of the market share during the forecast period. The escalating demand for flexible frozen food packaging is being driven by the surge in e-commerce activities and the increasing popularity of frozen food products. The current uptick in grocery apps and a growing preference for ready-to-eat meals and seafood further contribute to the thriving market for flexible frozen food packaging.
Sustainability and environment conservation, in terms of packaging materials, are rising day by day. Consumers, as well as manufacturers, have become more cautious while selecting a packaging material that encloses the product to be manufactured or purchased.
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Competitive Landscape
Key players such as
- Amcor Ltd.
- Ball Corporation
- Crown Holdings, Inc.
- Graphic Packaging International, Inc.
- Pactiv LLC
- Sealed Air Corporation
- Sonoco Products Company
- WestRock Company
- Uniflex Packaging
- ProAmpac
- HANGZHOU MING RI FLEXIBLE PACKAGING CO., LTD.
Recent Deveopments-
- In February 2021, ProAmpac has launched the ProActive Recyclable R-2000F which has a new technology that will help the brand to achieve sustainable packaging goals. It has excellent heat resistance, robust sealant technology, and excellent dimpling resistance, which makes it an ideal replacement for gusseted frozen food packaging made of non-recyclable PET/PE or OPP/PE laminations.
- In November 2020, Toppan Printing (Toppan), one of the global leaders in packaging, launched a new flexible packaging material with GL BARRIER, a barrier film that is developed by leveraging original vapor-decomposition and coating technologies that reduce oxidation and therefore help in preventing discoloration, changes in food texture, and loss of flavor when compared to the conventional packaging.
What are the Key Trends Impacting Growth of the Flexible Frozen Food Packaging Market?
- Sustainability Initiatives: Environmental consciousness is driving the adoption of sustainable packaging solutions. Brands and consumers alike are seeking eco-friendly materials, such as recyclable, biodegradable, and compostable packaging options. Flexible packaging manufacturers are responding with innovations in sustainable materials and designs.
- E-commerce Boom: The growth of online grocery shopping has led to a surge in the demand for frozen food packaging. Packages need to be durable, easy to store, and protect products during transit, driving innovation in packaging materials and design.
- Frozen Snacking: The rise in snacking culture has extended to frozen foods. Flexible packaging is adapting to this trend by offering smaller portion sizes and convenient packaging for frozen snacks.
- Globalization of Food: An increase in international trade of frozen foods has created a need for packaging solutions that can withstand long-distance shipping and varying environmental conditions.
Revolutionizing Frozen Food Preservation
Extended Shelf Life Technologies
Innovative packaging techniques, such as modified atmosphere packaging (MAP) and vacuum-sealing, have extended the shelf life of frozen foods without compromising their quality. This is a win-win for consumers and producers alike.
Flexible packaging materials are now designed to withstand extreme cold temperatures. This eliminates the risk of brittleness and ensures that packaging remains intact, safeguarding the product inside.
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Key Segments of Flexible Frozen Food Packaging Market Covered in the Report
Based on Product Type:
- Pouches
- Bags
- Wraps
- Foils
- Others
Based on Application:
- Ready-to-Eat Meals
- Meat & Poultry
- Sea Food
- Vegetables & Fruits
- Soups
- Others
Based on the Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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