In 2023, the frozen food packaging machines market is expected to be worth US$ 1,638.5 million. The market is expected to reach US$ 2,618.6 million by 2033, expanding at a 4.8% CAGR throughout the forecast period. The rise in the consumption of frozen foods in the world is driving the growth of the packaging industry globally.
With the rise in the number of emerging economies and the disposable income of consumers worldwide, the demand for frozen food is increasing and driving the growth of the frozen food packaging machines market. Companies in emerging economies, which fuel the demand for automatic and semi-automatic frozen food packaging machines, have adopted automation packaging.
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The advancement in technologies and enhanced packaging of frozen food can help to preserve and store it. Some of the features in the packaging like zippers, notches, etc. are boosting the growth of the frozen food packaging machines market during the forecast period. The increased shelf life of frozen food is the factor that is boosting the growth of the frozen food packaging machines market during the forecast period. The rise of the online grocery shopping and e-commerce sector is fueling the market growth.
Maintaining the quality of the packaging is a challenge for the manufacturer because the quality of the frozen food depends upon the packaging. The packaging of the frozen foods should be properly sealed and should maintain the desired temperature for a longer period. With the convenience and time-saving benefits, the consumption of frozen foods has increased in some regions, which creates an opportunity for the growth of the major key players. Expansion of the operation of the company in emerging economies creates a major opportunity for the company to grow its customer base. Companies expanding the range of products can help in the expansion of the customer base.
The consumption of frozen foods is boosted by the rise in the disposable income of consumers. The use of robotics and automation in the packaging process is the major trend. Flexible packaging solutions are one of the major demands from the consumer to customize the product according to their need.
Key Takeaways from the Frozen Food Packaging Machines Market:
- The frozen food packaging machines industry in China is predicted to reach US$ 209.5 million by 2033, increasing at a 6.5% CAGR.
- The frozen food packaging machines industry in India is estimated to reach a market share of US$ 189.4 million, expanding at a CAGR of 5.8% by 2033.
- With a CAGR of 5.4% from 2022 to 2033, the pouch segment is expected to dominate the frozen food packaging machines industry.
- With a CAGR of 4.8% from 2022 to 2033, the vacuum packaging machine segment is expected to dominate the frozen food packaging machine industry.
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How Does the Competition Look in the Frozen Food Packaging Machines Market?
The frozen food packaging machines market is highly competitive. Several significant participants in this industry comprise Multivac, ULMA Packaging, Ricciarelli SpA, AMAC Technologies, Syntegon, among other companies.
Companies are focusing on research and development for efficient working of the product, reducing the cost of the product, and maintaining the desired temperature. With the rise of the customization trend among consumers, companies are trying to manufacture products that can customize the product and fulfill the consumer demand.
Companies are collaborating to integrate new technologies and compete in the growing market. Some of the major players are expanding their operations in emerging countries like India, China, etc. With merger and acquisitions, the companies are trying to expand their customer base and trying to enter into new markets.
Key Players in the Frozen Food Packaging Machines Industry
- Syntegon
- PAXIOM
- WEIGHPACK
- AMAC Technologies
- Ricciarelli SpA
- ULMA Packaging
- Multivac
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Segmentation Analysis of the Frozen Food Packaging Machines Market
Machine Type:
- Vertical Packaging Machines
- Horizontal Packaging Machines
- Tray Sealers
- Vacuum Packaging Machines
- Thermoforming Packaging Machines
- Bagging Machines
- Cartoning Machines
Packaging Type:
- Rigid
- Boxes
- Tubs & Cups
- Cans
- Trays
- Flexible
- Pouches
- Bags
- Sachets & Flow Packs
Application:
- Meat, Poultry & Seafood
- Fruits & Vegetables
- Dairy
- Ready-to-Eat
- Bakery & Confectionery
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa
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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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