Freezer Bags Market to Perceive Substantial Growth During 2017 - 2027

Freezer Bags – Market Outlook

According to United States, Environmental Protection Agency (EPA) food waste accounts for 21.0% of the daily wate stream. According to EPA, more food reaches landfills and preventing this would help address climate change. Twenty percent of methane emissions in the U.S. come from landfills. Reducing food waste through proper storage and packaging solutions is the need of the hour. Thanks to the availablity of deep freezer bags, food items and non-food items can be stored for longer durations without loss of aroma or freshness. Freezer bags comes in all shapes and sizes with different colours. They differ in thickness compared to standard zipper pouches. Zipper bags have higher thickness compared to standard zipper pouches. Due to their high thickness, these bags can withstand extreme cold temperatures and do not form ice cubes at the outer surface of the food items. These bags provide deep protection against freezer burns. Freezer bags are made of high density polyethylene (HDPE), medium density polyethylene (MDPE) and low density polyethylene (LDPE). Freezer bags can be transparent or colored. The bag types include flat bag, satchel bag, and block bottom bag. Standard bag thickness is 0.05 mm.

Global freezer bags market dynamics are moderatly correlated with global food manufacturing industry. Freezer bags are generally used to store fresh produce and processed food items. These bags commonly meet USDA and FDA requirements for food contact.

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Changing lifestyle and increasing consumer preference for more convenient food packaging and storage solutions is anticipated to drive the global freezer bags market during the forecast period. Major manufacturers of freezer bags are extensively investing in research & development to design & develop products with high reliability and durability. Fresh meat, dairy and fruits & vegetables together dominate the end use applications segment. Busy lifestyle is influencing the consumers to choose freezer bags, which protect perishable food items like ready to eat meals, dairy, fruits & vegetables, fresh & processed meat, seafood etc. Rising awareness about food wastage is expected to drive the demand for freezer bags during forecast period. Freezer bags helps in storing food for longer durations with extended shelf life. Changing lifestyle, where family sizes are becoming small and adopting a busy lifestyle, there is a need to store food for longer durations is influencing the freezer bags market.

Asia Pacific Excluding Japan (APEJ) is expected to be the fastest growing freezer bags market. Rising middle class population in Asian countries: India, China and ASEAN is the main factor driving the demand for freezer bags. High spending levels and sophisticated lifestyle in developed regions such as North America and Europe, makes them a matured market for freezer bags. Despite of economic slowdown, political turmoil and immigration crisis, Western Europe & Eastern Europe together anticipated to dominate the global market. On the other hand Japan is a matured market where growth rates are stagnated.

Global Freezer Bags market: Key Players

Some of the key players operating in the global Freezer Bags market are – CeDo Ltd., Thantawan Industry Plc., Plastic Slovakia s.r.o., EURO - pac Unterrainer GmbH, GELU- PLAST packaging films GmbH & Co.KG, DUO-PAck Co. Ltd., Cofresco Frischhalteprodukte GmbH & Co. KG, Comcoplast Comco Commercial Cooperation GmbH, Forum-Plast GmbH, Kerler GmbH, Sun Plast (India), Richmond Plastics Ltd., Shanghai Huitai Packaging Co,LTD., Simpac (U.K.), Teong Chuan Plastic(M) Sdn Bhd., American Bag Company, Eddi-Plastic GmbH, Ahrbach Verpackungen GmbH, mk Plast GmbH & Co. KG, Rudolf Klojer GmbH and others.

The global freezer bags market is expected to be driven by innovations. Consumer convenience is at the epicenter of product launches, which aim to capitalize on ongoing rapid shift in preference towards freezer bags.

Key Developments, Merger and Acquisitions

In 2014, CeDo group acquired by Straco
In 2014, Thantawan Industry Plc. Received Silver Award from Asean Plastic Awards, by Prodcut “SUNMUM” breast milk storage bag with triple zipper

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Conclusion

Global freezer bags market is expected to expand at a lucrative CAGR during the forecast period, due to rising demand from end use application segments such as meat, poultry, ready to eat food, dairy, seafood, and fruits & vegetables. Freezer bags market is anticipated to witness rising consolidation (mergers & acquisitions, joint ventures, collaborations) during the forecast period.

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This release was published on openPR.