Anticipated to reach a valuation of US$ 900 million in 2023, the frozen food packaging market is poised for substantial growth, projecting a remarkable ascent to US$ 2.0 billion by 2033. The forecast underscores a robust compound annual growth rate (CAGR) of 8.3% during the stipulated period, reflecting the increasing demand for efficient and innovative packaging solutions in the frozen food sector. This surge is attributed to evolving consumer preferences, advancements in packaging technologies, and the expanding global frozen food market. The market’s trajectory highlights its pivotal role in meeting the dynamic packaging needs of the burgeoning frozen food industry.
Recent analysis reveals a significant upsurge in the demand and consumption of frozen foods, driven by the increasing preference for convenient and easy-to-cook meal options. This surge in demand is expected to propel the market popularity of frozen foods across the globe. Furthermore, a heightened awareness regarding food wastage has created new market opportunities during the forecast period. As consumers seek convenient and time-saving food solutions, the frozen food sector is well-positioned to meet these demands, presenting a favorable outlook for market growth in the coming years. This confluence of factors underscores the dynamic and evolving landscape of the frozen food industry.
During the forecast period, the United States is projected to achieve a substantial CAGR of 8.1%, reaching a valuation of US$ 708.6 million. The Centers for Disease Control and Prevention (CDC) reports over 48 million cases of food-related illnesses annually, emphasizing the need for robust food safety measures. Moreover, the staggering level of food wastage in the United States, estimated at around US$ 165 billion each year, has heightened awareness and underscored the importance of adopting efficient frozen food packaging solutions. This growing emphasis on reducing waste is driving the market, positioning frozen food packaging as a key element in addressing both safety and sustainability concerns.
Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-2666
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.
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.
Request Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-2666
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)
About Future Market Insights (FMI)
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
