Ice Cream Packaging Market Size was valued at USD 0.86 Billion in 2022. The Ice Cream Packaging industry is projected to grow from USD 0.9 Billion in 2023 to USD 1.28 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.50% during the forecast period (2024 - 2032). The industry's ongoing innovation, as well as rising R&D and digitalization expenditures, are the key market drivers boosting the expansion of the market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Ice Cream Packaging Market Trends
Market CAGR for Ice Cream Packaging is being driven by the growing R&D and digitalization expenditures. In addition to shielding the food from outside damage during shipping, frozen dessert packaging also makes it possible for the product to be stored properly and safely on store shelves or in your home freezer. The selection of ice cream containers is also crucial for branding and marketing purposes since it draws in new potential clients.
Additionally, while traditional ice cream is nutritionally sound, it is not healthy. Because of this, customers may be more inclined to select the product as a healthy snack option due to market participants' growing interest in fortification and the addition of useful additives. Functional foods have advantages over standard diets and may help lower or mitigate the risk of certain illnesses. product consumption of fortified or functional items is predicted to rise in tandem with their increasing production. Because the manufacturing companies have implemented appropriate branding strategies, a wide range of healthy product options, including low-fat and fortified options, are readily available on the market. By using local distribution channels like hotels, restaurants, and shopping centers, these businesses are connecting with customers.
Businesses are aggressively making digitization investments in order to grow their customer base. In order to increase awareness of their brands and products, the industry participants are concentrating on digital platforms. Big businesses intend to cut back on their spending on traditional media in favor of paying for advertisements on social media sites like Facebook and Instagram. In addition, influencer marketing has emerged as a key tactic for reaching the intended demographic. Largely consists of millennials and customers who are health- and fitness-conscious. It is projected that significant players' increasing investments in the R&D of novel goods will have a favorable effect on market expansion. For instance, mini-sized multi-packs of vegan stick bars, magnum vegan classic, and magnum vegan almond were introduced by the Unilever group in January 2023. Thus, it has resulted in driving down the Ice Cream Packaging market revenue.
Ice Cream Packaging Market Segment Insights
Ice Cream Packaging Type Insights
The Ice Cream Packaging market segmentation, based on type, includes Cup, Tub, Stick Pack, Folding Carton, and Others (Jar, Cone Wrappers, etc.). In 2023, the cup segment dominated the market. Among the many packaging forms, the cup category is expected to continue leading the worldwide ice cream packaging market. Between 2023 and 2033, the segment is predicted to expand by 1.5 times the market value. Furthermore, growth is anticipated to be aided by consumers' growing preference for ice cream cups due to their mobility and simplicity of use.
Ice Cream Packaging Material Insights
The Ice Cream Packaging market segmentation, based on Material, includes Plastic, Paper & Paperboard, Glass, and Others (Metal, etc.). In 2023, the plastic category generated the most income. This is because Plastic packaging's robust strength, great flexibility, and good resistance to cold temperatures are some of its qualities that could stimulate expansion.
Figure 1: Ice Cream Packaging Market, by Material, 2023 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Ice Cream Packaging Sales Channel Insights
The Ice Cream Packaging market segmentation, based on Sales Channel, includes Online and Offline. In 2023, the online category generated the most income. Online sales have increased due in part to the ongoing growth in broadband access and mobile use, particularly in emerging nations. Over the world, ordering flexible products online and having them delivered to your home is typically the favored choice.
Ice Cream Packaging Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Ice Cream Packaging market area will dominate this market; the region's ice cream consumption is being driven by the proliferation of fast-food restaurants in the area and the widespread use of natural ingredients in the manufacturing of frozen dairy products. Higher-quality goods are increasingly preferred by those who are concerned about their health.
Further, the major countries studied in the market report are the US, Canada, France, the UK, Germany, Italy, Spain, China, Japan, India, Australia, and South Korea.
Figure 2: Ice Cream Packaging Market Share By Region 2023 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe Ice Cream Packaging market has the second-largest portion of the market. Consumers in Europe are becoming more tolerant of excess, which is helping the local market to expand steadily. Further, the German Ice Cream Packaging market had the biggest market share, and the UK Ice Cream Packaging market was the European market with the quickest rate of growth.
The Asia-Pacific Ice Cream Packaging Market is anticipated to expand between 2024 and 2032 at the quickest CAGR. Fast food's growing appeal, rising disposable income, the region's fast urbanization, and the influence of Western food and culture have all contributed to the product's adoption in the Asia Pacific. Moreover, China’s Ice Cream Packaging market had the biggest market share, and the Indian Ice Cream Packaging market was the Asia-Pacific region's fastest-growing market.
Ice Cream Packaging Key Market Players & Competitive Insights
Leading market players are putting a lot of money into R&D to broaden their product ranges, which will contribute to the further growth of the Ice Cream Packaging market. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To grow and endure in an increasingly cutthroat and dynamic market, the Ice Cream Packaging industry must provide reasonably priced goods.
Manufacturing locally is one of the primary business techniques used by manufacturers to cut operational costs in the Ice Cream Packaging industry to help customers and expand the market segment. In recent years, the Ice Cream Packaging industry has provided some of the biggest benefits to the packaged food industry. Major players in the Ice Cream Packaging market, including China, Japan, India, Australia, South Korea, Brazil, Germany, France, UK, Italy, Spain, and others, are engaging in research and development activities in an effort to boost market demand.
Amcor plc. For food, beverage, drugs, medical devices, home and personal care, and other items, it develops and manufactures flexible packaging, rigid containers, customized cartons, closures, and related services. The company was founded in 1896 as the Australian Paper Mills Company Pty Ltd, combining paper milling enterprises that had been founded in and around Melbourne, Australia, in the 1860s. Listed on both the Australian Securities Exchange (ASX: AMC) and the New York Stock Exchange (NYSE: AMCR), Amcor is a dual-listed business. In August 2023, it was revealed that Amcor had paid an unknown sum to purchase Phoenix Flexibles, a flexible packaging manufacturer based in Gujarat.
Sonoco Goods Company is the world's leading manufacturer of composite cans, tubes, and cores. It is an American company that offers a variety of consumer packaging options, industrial goods, protective packaging, and packaging supply chain services. With yearly net revenues of about $7.3 billion, the corporation was established in 1889. Sonoco serves more than 85 countries with 19,900 workers across more than 335 facilities in 33 countries. Based in Hartsville, South Carolina, the company is the state's largest corporation in terms of sales. In September 2023, It was revealed that Sonoco had successfully paid $330 million to its parent business, WestRock, to acquire the US packaging company RTS Packaging.
Key Companies in the Ice Cream Packaging market include
Berry Group
Amcor Plc
ITC Packaging
INDEVCO GROUP
Huhtamaki Oyj
Sonoco Products Company
International Paper Company
Stora Enso Oyj
Frapak Packaging b.v.
Tetra Laval
Stanpac Inc.
Insta Polypack
Sirane Limited.
Safepack Solutions
Uniflex
Delkor Systems Inc.
Scholle Ipn Corporation
Pixelle Specialty Solutions
IIC Packaging
Visstun
Ice Cream Packaging Industry Developments
June 2022: Borealis, in collaboration with Froneri (Finland) and Paccor (Germany). It has created a PP ice cream container made entirely of biobased materials.
August 2019: Ice cream manufacturers were authorized to use paper pints as part of a sustainable solution for pint-sized ice cream proposed by Berry Inc. It's a transparent pint that offers eco-friendly options for reduction, reuse, and recycling.
August 2021: Sacred Serve, a Chicago-based company that makes cold-crafted gelato powered by plants, unveiled a unique paperboard ice cream box design. It is constructed with a water-based, food-safe barrier coating and 100% virgin, food-safe paperboard.
Ice Cream Packaging Market Segmentation
Ice Cream Packaging Type Outlook
Cup
Tub
Stick Pack
Folding Carton
Others (Jar, Cone Wrappers, etc.)
Ice Cream Packaging Material Outlook
Plastic
Paper & Paperboard
Glass
Others (Metal, etc.)
Ice Cream Packaging Sales Channel Outlook
Online
Offline
Ice Cream Packaging Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.86 Billion |
| Market Size 2023 | USD 0.9 Billion |
| Market Size 2032 | USD 1.28 Billion |
| Compound Annual Growth Rate (CAGR) | 4.50% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Packaging Type, Material, Sales Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | China, Japan, India, Australia, South Korea, Germany, France, UK, Italy |
| Key Companies Profiled | Â Berry Group, Amcor Plc, ITC Packaging, INDEVCO GROUP, Huhtamaki Oyj, Sonoco Products Company, International Paper Company, Stora Enso Oyj, |
| Key Market Opportunities | Industry-wide Innovation That Never Stops |
| Key Market Dynamics | Growing R&D and Digitalization Expenditures |
Frequently Asked Questions (FAQ) :
In 2023, the size of the ice cream packaging market was estimated to be USD 0.9 billion.
From 2024 to 2032, it is anticipated that the market will increase at a CAGR of 4.50%.
North America held the most market share worldwide.
Berry Group, Amcor Plc, ITC Packaging, INDEVCO Group, Huhtamaki Oyj, Sonoco Products Company, International Paper Company, and Stora Enso Oyj are the major competitors in the market.
In 2023, the market was dominated by the Cup sector.
The plastic category holds the biggest market share worldwide.
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
