Global Opportunities and challenges on Frozen Food Packaging market, Expansion at +5% CAGR with innovation in technology, various aspects of the industry – players, regions, types, and applications during the forecast period
The frozen food packaging market has been growing rapidly due to increased demand for packaged food, and a strong retail network in growing economies of APAC. There is a high dependency on the packaged ready to eat convenience products to save time. This is backed by the increasing urbanization, increased shelf-life of otherwise perishable products and increase in investments by packaging companies in advanced freezing techniques which has led to the growth of the frozen food packaging market.Global Frozen Food Packaging Market is expected to garner $47,376 million by 2023, from $33,231 million in 2016, registering a CAGR of +5% from 2017 to 2023.
The rapid growth in urbanization and fast paced lifestyle has shifted the preferences of consumers towards frozen food products which requires less time for cooking than the traditional home cooked meal. Increase in female participation in the workforce and changes in family dynamics has increased the consumption of frozen food, thus fueling the growth of the frozen food packaging market. Moreover, wide on-the-go consumer base and growth in purchasing power, in emerging economies such as India, and China, further boosts the market. Rise in demand for attractive, innovative, and convenient-to-carry packaging for differentiating the product from the rest is also expected to increase market growth.
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The key players profiled in the report include Amcor Ltd., Ball Corporation, Bemis Company, Inc., Crown Holdings, Inc., Graphic Packaging International, Inc., International Paper Company, Pactiv LLC, Sealed Air Corporation, Sonoco Products Company, and WestRock Company.
The other key market players (not profiled in this report) in the value chain include American Packaging Corporation, Berry Plastics, Caraustar Industries, CM Packaging, Emmerson Packaging, Flair Flexible Packaging Corporation, Graham Packaging Company Huhtamaki N.A., LINPAC Group, and Sabert Corporation
Geographically, North America has dominated the global Frozen Food Packaging market mainly because of the widespread use of smart technology in important sectors such as healthcare and manufacturing and larger concentration of smart homes. On the other side, Asia Pacific has emerged as the fastest developing region in the global market and is expected to be a dominant force in the near future.
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Table of Content:
Frozen Food Packaging Market Research Report 2018-2023
Chapter 1: Frozen Food Packaging Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Market Competition by Manufacturers
Chapter 4: Production, Revenue (Value) by Region
Chapter 5: Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: Frozen Food Packaging Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Frozen Food Packaging Market Forecast
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