Frozen Food Packaging Market size was estimated to reach USD 69.24 billion in 2027

The global frozen food packaging market size was estimated to be USD 37.6 billion in 2021 and reach USD 69.24 billion in 2027, registering a CAGR of 7.30% over the forecast period (2021-2027). Frozen food packaging preserves vitamins and minerals contained in the food without any use of preservatives. The demand for frozen food packaging has increased significantly due to the expansion in the food & beverages industry across the globe coupled with the fast-moving lifestyle. The demand for fresh and healthy food and ingredients is increasing substantially across the globe.

Factors Affecting the Frozen Food Packaging Market over the Forecast Period
The primary factors driving the global frozen food packaging market are the ease of consumption, less time for cooking, preservation of food's nutritional values, and availability of varieties and product appeal.

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The rise in the on-the-go consumer base coupled with increasing disposable income in emerging economies is another factor supporting the growth of the frozen food packaging market. Technological advancement in the packaging material, which includes introducing sustainable packaging, will further drive the market growth over the forecast period.

One major challenge for the frozen food packaging market is the high price for packaging raw materials. Common raw materials for food packaging are plastic bags, aluminum, steel, and copper. High prices affect both manufacturers and consumers, leading to a gap in demand and supply with continuous increases in price in raw materials.

Impact of COVID-19 on Frozen Food Packaging Market
Due to the COVID-19 pandemic, the demand for frozen food packaging has increased significantly. The market for frozen food has increased significantly, as the products that can be stored for a longer period have gained considerable traction amidst the pandemic. Moreover, during the initial period of the COVID-19 outbreak, various countries had implemented lockdown for at least a month, owing to which the online delivery of groceries and other food items have increased significantly. This includes the online delivery of frozen food, which has substantially increased the growth of the frozen food packaging market. Therefore, an overall modest growth can be expected in the frozen food packaging market value in 2020.

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Scope of the Report
The report outlines the global frozen food packaging market study based on material, packaging type, and application.

The frozen food packaging market has been segmented based on material -
Plastic
Metal
Paper & Paperboard
Others (Glass and Wood)
The frozen food packaging market has been segmented based on packaging type-
Bags & Pouches
Trays
Boxes & Cartons
Containers
Bottles & Jars
Others (Wraps)
The frozen food packaging market has been segmented based on application -
Fruits & Vegetables
Meat & Poultry and Seafood
Bakery Products
Others (Juice, Soup, Appetizers)
Frozen Food Packaging Market: Regional Outlook
The frozen food packaging market has been segmented into five geographical regions, namely, North America, Asia Pacific, South America, Europe, and the Middle East, and Africa. In 2020, North America held the largest share in the global frozen food packaging market, followed by Europe and the Asia Pacific. North America is further estimated to dominate the frozen food packaging market during the forecast period. Moreover, Asia Pacific is expected to project the highest CAGR in the global market over the forecast period.

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Key Global Frozen Food Packaging Market Competitors Includes
The frozen food packaging market is highly fragmented, with the presence of a large number of small players across the globe. The key frozen food packaging players operating in the global market include-

AEP Industries Inc.
Ajinomoto Co., Inc.
Amcor PLC
Anchor Packaging
Associated British Foods plc
Ball Corporation, Printpack Inc.
Conagra Brands, Inc.
Crown Holdings
General Mills, Inc
Genpack LLC
Graham Packaging Company
Graphic Packaging International Inc.
Grupo Bimbo
Leucadia National
McCain Foods Limited
Nestle S.A.
Packaging Corporation of America
Sealed Air Corporation
The Kraft Heinz Company
Tyson Foods, Inc
Unilever PLC
WestRock Company.
The frozen food packaging market report thoroughly analyzes macro-economic factors and every segment's market attractiveness. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market players' presence in the respective segment and region/country. The information concluded in the report includes the inputs.

Frozen Food Packaging Market Report Covers Comprehensive Analysis On
Market Segmentation & Regional Analysis
Market Size of 10 years
Pricing Analysis
Supply & Demand Analysis
Product Life Cycle Analysis
Porter's Five Forces & Value Chain Analysis
Developed & Emerging Economies Analysis
PEST Analysis
Market and Forecast Factor Analysis
Market Opportunities, Risks, & Trends
Conclusion & Recommendation
Regulatory Landscape
Patent Analysis
Competition Landscape
15+ Company Profiles

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Frozen Food Packaging Market Regional Analysis Includes
North America (US, Canada, Mexico)
South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA
Frozen Food Packaging Market Target Audience
Frozen Food Packaging Manufacturers
Beverage Manufacturers
Bakery Manufacturers
Dairy Manufacturers
Meat, Poultry, and Seafood Processors
Processed Food Manufacturers
Raw Material Suppliers
Traders, Wholesalers, and Distributors
Governments, Associations, and Industrial Bodies
Investors and Trade Experts

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