Future Market Insights predicts that the global market for flexible frozen food packaging will be worth US$ 2.8 billion in 2023 and will grow at a CAGR of 12% to reach US$ 8.7 billion by 2033. Flexible frozen food packaging sales in the form of bags and pouches are anticipated to account for 70% of the market throughout the forecasted period.
The market for flexible frozen food packaging will continue to be dominated by ready-to-eat meals, which are predicted to rise at a CAGR of 7.7%. The market for bioplastics is expected to expand as a result of rising consumer demand for biodegradable packaging options. The bioplastics market will grow 1.7 times above the base year during the forecasted period.
Also, nowadays the flexible frozen food packaging materials are designed in a way that can be reused and recycled which aligns with the environmentally friendly nature of the packaging material. Flexible frozen food packaging also allows reduced shipping and handling costs owing to their less space occupancy as compared to the rigid frozen food packaging material.
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The flexible frozen food packaging material is less bulky and lighter than the traditional options, which makes it a user-friendly packaging option, preferred by manufacturers as well as consumers.
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.
- TOPPAN PRINTING CO., LTD.
- Others
What are the Key Trends Impacting Growth of the Flexible Frozen Food Packaging Market?
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.
Today, majority of the manufacturers are using the recyclable and reusable plastics packaging material like, Polyethylene Terephthalate (PET), High-density Polyethylene (HDPE), Polyvinyl Chloride (PVC) and many which can be recycled and also has minimum impacts on the environment when compared to the traditional flexible packaging which was used in the frozen food packaging.
Also, nowadays cardboard with a layer of laminated plastic as a packaging material in frozen food packaging is uplifting the market and is anticipated to boost the market in the coming days.
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What strategies are the Key Players adopting for Increasing their Market Share in the Flexible Frozen Food Packaging Market?
The manufacturers involved in the production of frozen food packaging material are coming up with innovations with the use of advanced technology in the packaging process. Also, the Key players are expanding their manufacturing facilities to serve the increasing demand for the flexible frozen foods packaging market.
- 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, a 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.
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
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About Future Market Insights, Inc.
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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