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Frozen Food Packaging Market share is growing at a CAGR of 5.3% from 2017 to 2023.

02-09-2021 03:26 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Frozen Food Packaging Market

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 5.3% 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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Increase in demand for frozen ready meals due to increasing female participation in the workforce and changing family dynamics in Asia-Pacific region, accelerates the growth of the frozen food packaging market.

Various types of packaging such as boxes, bags, cups & tubs, trays, wraps, pouches, and others are used to package frozen food products. Packaging not only extends the shelf life of the product but maintains its nutrition value as well. Rapid rise in popularity of convenience, increase in the purchasing power, and changes in lifestyle in emerging economies (China, India, and others) has largely supplemented the growth of the frozen food products such as frozen vegetables, fruits, potatoes, meats, sea food, frozen ready meals, and soup which in turn fuels the growth of frozen food packaging market. Moreover, the growth in demand for attractive and innovative packaging in the food industry for product differentiation is also one of the factors driving the market growth.

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Europe and North America collectively contributed more than two-thirds of the global market share in 2016.

The key players operating in the global frozen food packaging market are 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.

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Key Benefits:

The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global frozen food packaging market to elucidate the prevailing opportunities and tap the investment pockets.
It offers qualitative trends as well as quantitative analysis of the global market for the period of 2016-2023 to assist stakeholders to understand the market scenario.
In-depth analysis of the key segments demonstrates the type of packaging used for various frozen food products.
Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
Key market players are profiled to understand the competitive outlook of the market.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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