The Frozen Food Packaging Market is Predicted to Register 8.3 … – AccessWire

NEWARK, DE / ACCESSWIRE / January 17, 2023 / The frozen food packaging market is projected to be valued at US$ 900 million in 2023 and grow to US$ 2.0 billion by 2033. The market is estimated to capture a CAGR of 8.3% during the forecast period.

Future Market Insights, Inc., Tuesday, January 17, 2023, Press release picture

The rising demand for sustainable and excellent packaging are driving the adoption of frozen food packaging. The rising fast-paced lifestyle, urbanization, modernization, and busy schedules are growing the demand for frozen food packaging during the forecast period. Consumers are growing the adoption of frozen food packaging items to prepare quick meals. Moreover, manufacturers are increasingly adopting superior quality packaging materials with the rising awareness towards food wastage and hazardous eco-system.

An increased workforce, changes in consumer preferences, and a luxurious lifestyle increase frozen food packaging sales. The growing innovation and new entrance of market players are surging the demand for frozen food packaging. The rising consumption of frozen foods in emerging economies, as it is affordable to the working population, and the advancing food industry are increasing the market expansion during the forecast period. Furthermore, enhancing the shelf-life of food and uneven mealtime habits among consumer’s uplifts market opportunities.

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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 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.

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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)

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

Explore Trending Reports of Packaging:

Flexible Frozen Food Packaging Market : Flexible frozen food packaging is a means of packaging frozen food products by the use of non-rigid packaging materials such as foils, pouches, wraps, bags, etc. which allow more economical and customizable options. The demand for flexible frozen food packaging is rising owing to its high efficiency and cost-effective nature when compared to its rigid counterparts.

FMCG Packaging Market : The global FMCG packaging market is expected to reach US$ 418.8 Bn in 2022, with sales growing at a CAGR of 5.7% through 2032.

Beverage Packaging Market : The global beverage packaging market is expected to secure US$ 156.7 Billion in 2032 while expanding at a CAGR of 4.1%. The market is likely to hold a value of US$ 104.8 Billion in 2022. As the market develops, eco-friendly packaging initiatives are being implemented along with various technological innovations in the field of beverage packaging in order to meet the growing consumer demand.

Flexible Packaging Paper Market : The flexible packaging paper market is on track to grow at an estimated CAGR of 4% during 2022-2032. “Paper film packaging of items produced by manufacturing industries as well as household objects has emerged as the eco-friendly alternative of the plastic packaging and is here to stay.”

Protective Packaging Market : The protective packaging Market demand remains positive with the market forecast to rise at a CAGR of 4.8% from 2021 – 2031. Driven by increasing emphasis on optimizing supply-chain management, the protective packaging market size is expected to reach US$ 26.55 Bn in 2021, as per latest insights by Future Market Insights (FMI).

About Us:

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.   

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Old Source: Frozen Food Packaging Market is projected to reach US$ 1,649 Million by 2032 – Comprehensive Research Report by FMI

SOURCE: Future Market Insights Inc.