Frozen Food Packaging Market Research Report - Forecast to 2030

Frozen Food Packaging Market Information by Packaging Type (boxes, bags, tubs & cups and others) by Application (Meat, poultry & seafood, fruits & vegetables, baked products others) and by Region - Forecast to 2030

ID: MRFR/PNT/0741-HCR | December 2022 | Region: Global | 115 Pages         

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Frozen Food Packaging Market overview:


 


Frozen food packaging could maintain its integrity over sealing, filling, freezing, transportation, storage, thawing, and sometimes cooking. More frozen foods are cooked using a device called a microwave oven, producers have progressed packaging that could go straight from the freezer to the device of the microwave.


 


The Frozen Food Packaging Market is anticipated to reach USD 45.6 billion by the year 2027 and register a CAGR of 5.8% throughout the forecast period of 2027.


 


The frozen food packaging market trend has been increasing rapidly owing to raised demand for frozen packaged food, and a retail system in rising economies of Asia -the Pacific. There is a huge dependency on frozen food packaged ready-to-consume comfort products to preserve time. This is sponsored by the rising urbanization, extended shelf-life of perishable products, and growth in investments by the sector of packaging firms in advanced freezing methods which have helped to increase frozen food packaging market growth.


 


COVID 19 Analysis:


 


The pandemic outbreak impacts the financial status of all the sectors. The lockdown and curfew enforced by the administration of governments of almost all the regions across the globe. The manufacturing activities, production & distribution works, and supply chains were paused. The supply and manufacture of food and beverages along with supplies were allowed under severe conditions.


 


While the pandemic, people were forced to buy products, as a consequence of fear and inconstancy regarding the covid crisis. The food and beverage items, particularly frozen food products registered huge demand as these food products remain eatable for a longer time. Hence, as an output of the rise in requirement for frozen food packages. 


 


Market dynamics:


 


Market drivers:


 


Technological advancements which include enhanced packaging designs for the sake of store, promoting, and preserving the product that plays a key role in raising the demand for the market of frozen food packaging throughout the forecast period.


 


Additionally, various value-added attributes including top notches, zippers, and the use of high-quality designs are further anticipated to boost the market growth of the frozen food packaging sector. Moreover, increasing demand for the market trend of frozen food packaging material from various foodservice organizations is also expected to drive the frozen food packaging market growth.


 


 


Market opportunities:


 


Companies are embracing advanced products and are improving reliable packaging products with their physical properties which become them apt for various formats of frozen food packaging. The market growth of frozen food packaging industries has been raised by the enlarging use of plastic and paper in the food sector. The latest types of plastics are anticipated to keep up the usage of these frozen food packaging products.


 


Small-sized vendors provide products for customized applications with low volumes. Panic of surrounding damage may create increased attention on biodegradable products and the transformation towards paper & paperboard-oriented frozen food packaging methods. Hence, market trends exist among packaging producers across the world. 


 


Market restraints:


 


The market restraints of the frozen food packaging sectors are existing even the same sectors demand is high. The heavy sodium content in frozen food products is guessed to decrease the demand for this production business. The increased choice for ordering hot food rather than frozen food is anticipated to lower the business sale of the frozen food packages. 


 


Additionally, the high cost of frozen food packaging materials is expected to have a denying impact on the market growth and market trend of the international food packaging sectors.


 


Market challenges:


 


Manufacturers are raising their investments in the development of great efficient packaging services as packaging cavort a considerable role in the market of frozen foods industries. Frozen food packaging services aid to protect the quality of food products and could also help to carry recorded details of appeasing and promotional information and labels. 


 


Frozen food packaging services help to preserve spoilage and food dehydration and longer shelf life of frozen food products. Frozen food Packaging services for frozen food are to keep the food moisture, puncture-resistant, resistant, leak-proof, and reliable enough to oppose heavy drop weight. The market of frozen food packaging firms is increasingly using plastic packaging owing to excellent stopper properties to preserve contents from physical factors like moisture, light, and oxygen. These limitations hurt the market size and market share of the frozen food packaging solutions.


 


Cumulative growth analysis:


 


The quick growth in urbanization and rapid-paced lifestyle has moved the preferences of customers towards the market of frozen food products which need less time to cook the food rather than the cooked food traditionally. the market of frozen Food Packaging Market was at USD 33.5 billion in the year 2019 and is anticipated to reach USD 45.6 billion by the year 2027, and register a CAGR of 5.8% throughout the forecast period of 2027.


Raise in female participation in the production process of frozen food products and changes in family preference has raised the consumption of fresh frozen food, thus increasing the growth of the market of frozen food packaging. Additionally, wide ready-to-eat consumers and inclination in acquiring power, in developing economies like China, India further enhances the market. An increase in demand for innovative, attractive, and comfort-to-carry packaged food products for comparatively different from other products also awaited to increase the frozen food packaging market growth.


 


Value chain analysis:


 


The majority of customers of frozen food materials prefer huge retail stores, hypermarkets, and supermarkets. Organized market stores are a considerable part of huge retail supply chains, that have a high presence in the international frozen food market. The raise in the efficient retail chain is expressing straight into the market demand for food packaging service in the frozen food sector.


 


For example, Walmart is anticipated to host more than 12,000 stores and an Amazon Go store. Amazon is another leading market for frozen food products to open more than 4,000 stores by the year 2021. Thus, the market of frozen food packaging is supposed to flourish.


Customers are also converting to frozen food to decrease the amount of lavish they create, as a survey in the British Food Journal exposed that families refuse their food lavish by over 49% by shifting to frozen food.


 


Segment overview:


 


Based on Segments:


 



  • Packaging Type

  • Application

  • Region


 


Based on Packaging Type:


 



  • Bags

  • Boxes

  • Tubs and Cups

  • Other materials


 


Based on Application:


 



  • Poultry and Seafood

  • Baked Products 

  • Meat

  • Fruits and Vegetables


 


Based on Region:


 



  • North America

  • Asia-Pacific

  • Europe

  • Other parts of the world


 


Regional analysis:


 


The global market regionally has been categorized into Europe, North America, Asia Pacific, South America, East Africa, and other parts of the world. The APAC is anticipated to be the rapid raising region in the frozen food market during the forecast period. Various factors including an increasing population, and growing disposable profits coupled with the presence of several major economies like India, and China among other countries are anticipated to fuel the market growth.


 


North America and Europe hold a major share in the international frozen food packaging market trend. Frozen food materials are broadly sold via various retail chains which include supermarkets, comfort stores, and others. The existence of a well-founded retail sector, particularly in various developed North American and European countries, is anticipated to trigger the demand for the market of frozen food products thereby profiting the frozen food packaging market growth.


 


Competitive landscape:


 



  • Packaging Corporation of America

  • Anchor Packaging

  • Ball Corporation

  • Graphic Packaging International Inc.

  • WestRock Company

  • Leucadia National

  • Printpack Inc.

  • Sealed Air Corporation

  • Amcor Ltd.

  • AEP Industries Inc.


 


Recent development:


 


In the year 2019, Cascades Sonoco collaborated with Sonoco Products firm and Cascades Inc, invented the expansion of packaging organization in Birmingham, region of Alabama, by its unique product line of environment-friendly and innovative packaging. They have produced USD 18 million to create a water-based progressive coating service that could create repulpable, recyclable, and biodegradable containers.


 


In the same year 2019, WestRock firm has got the "Innovator Award" for the firm’s work in enhancing the recyclability of frozen food packaging.


 


Report overview:


 


This report has covered:


 



  • Market overview

  • COVID 19 Analysis

  • Market dynamics

  • Cumulative growth analysis

  • Value chain analysis

  • Segment overview

  • Regional analysis

  • Competitive landscape

  • Recent developments


Segmentation Table:


Based on Segments:


 



  • Packaging Type

  • Application

  • Region


 


Based on Packaging Type:


 



  • Bags

  • Boxes

  • Tubs and Cups

  • Other materials


 


Based on Application:


 



  • Poultry and Seafood

  • Baked Products 

  • Meat

  • Fruits and Vegetables


 


Based on Region:


 



  • North America

  • Asia-Pacific

  • Europe

  • Other parts of the world



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2027: USD 44.6 Billion
  • 2030 : Significant value
  •   CAGR   2030: Substantial CAGR
      Base Year   2021
      Forecast Period    2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Packaging Type, Application
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Graphic Packaging International Inc., Ball Corporation, Printpack Inc., Leucadia National, Packaging Corporation of America, Sealed Air Corporation, WestRock Company, Amcor Ltd., Anchor Packaging, AEP Industries Inc., Crown Holdings, Genpack LLC, and Graham Packaging Company
      Key Market Opportunities   New product launches and R&D Amongst major key Players
      Key Market Drivers

  • Increase in investments by packaging companies
  • Increased demand for packaged food


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    Frequently Asked Questions (FAQ) :

    The rise in the demand for dairy products and increase in the need for convenient food are causing the need for frozen food packaging. The upscaling need for frozen food packaging is expected to impel its market.

    What are types of frozen food packaging?

    Water is the breeding ground for micro-organisms. In case of frozen food, the moisture in the food is frozen that prevents the growth of microbes. Thus, it can be concluded that frozen food are healthy.

    WestRock Company, Sealed Air Corporation, Anchor Packaging, Amcor Ltd., Crown Holdings, AEP Industries Inc., and Genpack LLC are some of the frozen food packaging suppliers listed by MRFR.

    The frozen food packaging market in Asia Pacific is expected exhibit rapid growth due to increase in the demand for frozen food.

    The Frozen Food Packaging Market is anticipated to reach USD 45.6 billion by the year 2027, and register a CAGR of 5.8% throughout the forecast period of 2027.