Frozen Food Packaging Market is estimated at US$ 860 Mn in 2022

The global Frozen Food Packaging Market is estimated at US$ 860 Mn in 2022 and is projected to reach US$ 1,649 Mn by 2032, at a CAGR of 7.5% from 2022 to 2032.

Growth of the global Frozen Food Packaging Market is mainly bound to various micro-economic and macro-economic factors. Demand for the frozen food packages will continue to increase attributed to surge in the food delivery system. In an attempt to attract customers, manufacturers in the food and beverages industry are increasingly offering frozen food products through the online portals.

Growing preference for fresh food products is projected to rev up demand for the frozen food packages in the food and beverages industry. In addition, increasing demand to deliver frozen desserts products is projected to impact growth of the global market of frozen food packaging positively. According to Future Market Insights, the global market of frozen food products is projected to reflect a CAGR of 7.5% over the forecast period, 2022-2032.

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Moreover, surge in demand for frozen dessert products among customers has further contributed towards growth of the global frozen food packaging market. With the growing need to protect the food products from exposure to extreme weather conditions and moisture, manufacturers are implementing enhanced packaging solutions such as temperature controlled and tamper-proof packaging.

Bound to these factors, sales of the frozen food packages in the food and beverages industry is projected to witness robust growth throughout the forecast period.

Packages for frozen food products also remain concentrated among the suppliers of the frozen food products. Manufacturers in the food and beverage industry witness significant demand for frozen food products as they have a fresh flavor and can be preserved for comparatively long time.

Suppliers of prefer opting for frozen food product packages in order to protect the product from moisture and unprecedented climate conditions. These factors are projected to fuel demand for the frozen food packages in the food and beverage industry positively.

Competitive Landscape

Key frozen food packaging manufacturers are focusing upon offering recyclable packaging products and entering into collaborations with large frozen food manufacturers across the globe:-

In December 2021, Mondi Group launched renewable and recyclable frozen food packaging which is produced by using 80% less plastic, designed for UK's top frozen food retailer Iceland.

In May 2021, Amcor Plc launched its first recycled packaging for powdered chocolate in Latin America.

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Key Companies Profiled

Mondi Group
Ampac Holdings, LLC
Amcor Plc
International Paper Company
KOROZO Ambalaj San.ve Tic A.S.
Sealstrip Corporation
Sonoco Products Company
Alto Packaging
Sealed Air Corporation
Huhtamaki Group
Plastic Materials to Witness Robust Demand

With the increasing demand for tamper-proof packaging, manufacturer prefer using plastic materials for frozen food product packaging. By packaging material, the plastic segment is projected to represent relatively high revenue growth, reflecting more than US$ 7,000 Mn by 2022-end. On the other hand, the paper & paperboard segment is expected record a relatively high CAGR through 2022.

Based on the packaging type, the bags & pouches segment is projected to register a robust CAGR, recording more than US$ 2,000 Mn by 2017-end. During the forecast period, the frozen specialties application type segment is expected will reflect a healthy CAGR.

On the other hand, the meat, poultry & seafood segment is projected to account for more than US$ 3,000 Mn by 2022-end. Europe will continue to remain a leading market for the frozen food packages globally.

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Global Frozen Food Packaging Market by Category

By Material Type:

Plastic
Polyethylene (PE)
Polypropylene (PP)
Ethyl Vinyl Acetate (EVA)
Polyvinyl Chloride (PVC)
Polyvinylidene Chloride (PVDC)
Polystyrene (PS)
Polyethylene Terephthalate (PET)
Aluminum
Paper and Paperboard
Tempered Glass
By Packaging Type:

Rigid
Boxes
Tubs & Cups
Cans
Trays
Flexible
Pouches
Bags (includes boil in bags)
Films
Others
By Food Type:

Ready to Eat Products
Fruits and Vegetables
Meat, Poultry, & Seafood
Dairy Products
Others (Soups, etc.)
By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa (MEA)

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.