The frozen food packaging market is projected to be valued at US$ 900 million in 2023 and grow to US$ 2.0 billion by 2033. The market is estimated to capture a CAGR of 8.3% during the forecast period.
The consumers shifting preferences from traditional to quick meal cooking are increasing the adoption of frozen food packaging during the forecast period. The benefits of easy and fast cooking trends are surging the market growth. Growing demand for processed foods and adopting western culture are expanding the sales of frozen food packaging.
The recent analysis indicates a monumental rise in demand and consumption of frozen foods. The demand for easy-to-cook foods offers maximum convenience to the final consumer. The factors mentioned above are anticipated to result in the growing market popularity of frozen foods in all parts of the world. In addition, increased awareness regarding food wastage boosted the market opportunities during the forecast period.
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Printing and Customization Trends Fueling Frozen Food Packaging Market
Frozen food packaging stores the food items fresh for a longer time. Moreover, manufacturers are developing printed and customized packed food items to attract consumers’ attention. Marketers are innovating new tactics to highlight their brand values and are rapidly booming the market expansion.
The product information printed on packaging boxes or pouches provides information on manufactured data and other details related to the food items. This information connects the consumers and builds trust to buy the products with excellent standards. The types of shapes, colors, designs and unique style decorations enhance the packaging to stuck customers’ eyes on the item.
Key Takeaways:
- The frozen food packaging market is expected to have a valuation of US$ 2.0 billion by 2033.
- With a CAGR of 8.3%, the global market is increasing during the forecast period.
- The United States frozen food packaging market is anticipated to register a CAGR of 8.1% through 2033.
- With a CAGR of 7.4%, the United Kingdom market significantly uplifts during the forecast period.
- The China market is expected to record a CAGR of 7.7% over the forecast period.
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Who is Winning?
The market is fragmented by the presence of players all around the globe, operating at different levels. The manufacturing companies are focusing on research and development activities to innovate better product services as per consumers’ requirements. These players make several marketing tactics, such as mergers, collaborations, partnerships, agreements, and acquisitions.
Prominent Players in the Market are:
- Mondi Group
- Ampac Holdings, LLC
- Amcor Plc
- International Paper Company
- KOROZO Ambalaj San.ve Tic A.S.
- Sealstrip Corporation
- Sonoco Products Company
- Alto Packaging
- Sealed Air Corporation
- Huhtamaki Group
- MOD-PAC Corp
- WestRock Company
- Tray-Pak Corporation
- Uflex Limited.
- Amerplast Ltd.
Recent Developments in the Frozen Food Packaging Market:
In 2021, Amut Ecotech in partnership with Erema, an Australia-based firm, installed the new food-grade PET sheet in New Zealand, which is produced by Alto Packaging.
Frozen Food Packaging Market by Category
By Material Type:
- Plastic
- Polyethylene
- Polypropylene
- Ethyl Vinyl Acetate
- Polyvinyl Chloride
- Polyvinylidene Chloride
- Polystyrene
- Polyethylene Terephthalate
- Aluminium
- Paper & Paperboard
- Tempered Glass
By Packaging Type:
- Rigid
- Boxes
- Tubs & Cups
- Cans
- Trays
- Flexible
- Pouches
- Bags
- Films
- Others
By Food Type:
- Ready-to-eat Products
- Fruits & Vegetables
- Meat, Poultry, & Seafood
- Dairy Products
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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