Growing Status of Frozen Food Packaging Market 2019 by Industry News, Evolving Technologies, Top Key Players, Industry Share, and Forecast to 2024 | Industry Research.co – Financial Planning

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Frozen Food Packaging

“Frozen Food Packaging Market” report 2019-2024 provides detailed summary of company competition, market demand, regional forecast, marketing price and new investment feasibility analysis is included of Frozen Food Packaging market. It also covers approximate CAGR, key-players, scope of the report, regional analysis, major market factors of Frozen Food Packaging market, reasons of buying this report and complete TOC of report.

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There are 4 key segments covered in this Frozen Food Packaging Systems Market report:

  • Competitor segment
  • Product type segment
  • End-use/application segment
  • Geography segment

Market Overview:

  • The frozen food packaging market was valued at USD 39.48 million in 2018 and is expected to reach a value of USD 53.43 million by 2024 at a CAGR of 5.18% over the forecast period of 2019-2024. Recently, according to consumers convenience, frozen food packaging provides features like the packings are lightweight, unbreakable, and resealable, lower fossil fuel usage and is also capable of greenhouse gas emissions, water usage for creating eco-friendly environment.
  • – Majority consumers of frozen food products prefer large retail stores, supermarkets, and hypermarkets. Organized retail stores are a significant part of large retail chains, that have a huge presence in the global market. The growth in the organized retail chain is translating directly into the demand for food packaging solutions in the frozen food industry.
  • – For instance, Walmart is expected to host more than 11,000 stores worldwide. and Amazon Go. Amazon is expected to open more than 3,000 cashierless stores by 2021. Hence, frozen food packaging market is expected to flourish.
  • – Consumers are also switching to frozen food to reduce the amount of waste they create, as a study in the British Food Journal showed that families reduced their food waste by over 47% by switching to frozen food.
  • – As packaging for frozen specialties like meat, poultry, and seafood are fastest gains among major frozen food applications, many large food packaging companies in North America and Asia-Pacific are investing hugely for creative and decorative packaging.
  • – However, the government packaging laws regulations in most of the developing and developed countries stand as a challenging factor for the market.

    Frozen Food Packaging Market by Key Players:

  • ProAmpac LLC
  • Sonoco Products Company
  • American Packaging Corporation
  • Bemis Company, Inc.
  • Berry Plastics Group, Inc.
  • Carter Holt Harvey Packaging S.A.
  • Cascades Inc
  • Reynolds Presto Products Inc.
  • WestRock Company

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    Scope of the Report:

  • Frozen food packaging helps to preserve food from the time it is prepared to the time it is eaten. The frozen foods packaging helps to maintain original color, flavor and texture and generally more of their nutrients than foods preserved by other methods.Mostly, fruits & vegetables, meat, and seafood, frozen desserts & ice creams, baked goods are being packaged in bags, boxes, tubs & cups, trays, wrappers, and pouches.

    Key Market Trends:

    Bags Packaging Type to Account for a Major Share in the Market

    – Various factors, such as changing lifestyle, increasing disposable income, and rapid urbanization in developing countries, especially the growing middle-income population, are increasing the demand for bags for frozen food. In the United States, the growing adoption of freezer bag has increased the growth of frozen food packaging market.
    – Plastic bags are available in different sizes and shapes. It offers several benefits, such as the ability to tolerate temperatures, and technical advantages, which is further fuelling the demand for bags in frozen food packaging.
    – Ziploc bag is an important example of bag packaging. This type of bag is available in various sizes and can be used for storing meat and dairy food. For instance, dairy products can be frozen in freezer bags, as these are ideal for short-term usage and saving space. Another major trend being followed is customizing the product based on client requirements.

    Asia-Pacific to Witness the Fastest CAGR

    – In Asia-Pacific region, the demand for food products is expected to grow with increasing population, and quality products are expected to be on demand with urbanization and expanding awareness about foodborne illnesses, food wastage, and food spoilage.
    – China is the largest in the Asia-Pacific frozen food packaging market. Large population and urbanization in this country have led to an increased demand for frozen food products. Chinese consumers are now looking for easy-to-use and quality food products. The demand for frozen meat and other regularly consumed products in the frozen food market has been constant in the region, because of their availability.
    – According to the National Bureau of Statistics of China, the growth of food packaging in China has increased 32% by 2018 since 2013. Furthermore, the market also provides opportunity for vendors of frozen food packaging solutions, as it is still in the nascent stage in terms of adoption of the latest packaging products.

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    Frozen Food Packaging Market Covers Following Points in TOC:

    • Chapter 1: Frozen Food Packaging Market Definition
    • Chapter 2: Research Methodology of Frozen Food Packaging Market
    • Chapter 3: Frozen Food Packaging Market Executive Summary
    • Chapter 4: Frozen Food Packaging Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
    • Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
    • Chapter 6: Frozen Food Packaging Market Segmentation by Types, End-User, and Applications Forecast to 2024
    • Chapter 7: Frozen Food Packaging Market Segmentation by Geographical Regions
    • Chapter 8: Competitive Landscape of Frozen Food Packaging Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
    • Chapter 9: Key Players for Frozen Food Packaging Market

    Report Page – Frozen Food Packaging Market – Growth, Trends, and Forecast (2019 – 2024)

     

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