Increasingly investing in development of more efficient packaging solutions as packaging plays a significant role in the frozen foods sector. Frozen food packaging solutions help to protect integrity of food products and can also serve to carry printed details of contents and promotional messages and labels.
The global frozen food packaging market size is expected to reach USD 60.58 Billion in 2028 and register a CAGR of 5.5% over the forecast period, according to the latest report by Reports and Data. Rapid global food packaging market revenue growth can be attributed to shifting consumer preference towards ready-made meals and convenience food products. Increasing global population, rise in disposable income, and improving standards of living of consumers in developing countries are factors contributing significantly to rising demand for frozen food, and this is driving rapid demand for frozen food packaging solutions and materials.
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Major Players evaluated in the Report:
ProAmpac LLC, Sonoco Products Company, American Packaging Corporation, Amcor plc, Berry Global, Inc., Cascades Inc., Sealed Air Corporation, Smurfit Kappa Group, Sabert Corporation, and WestRock Company.F
For the purpose of this report, Reports and Data has segmented the global frozen food packaging market based on packaging type, material, product, and region:
Packaging Type Outlook (Revenue, USD Billion; 2018-2028)Bags Boxes Trays Tubs and Cups Pouches Wrappers Others
Material Channel Outlook (Revenue, USD Billion; 2018-2028)Paper & Paperboards Plastics Metals Others
Product Channel Outlook (Revenue, USD Billion; 2018-2028)Meat, Poultry & Seafood Fruits & Vegetables Ready Meals Ice-creams Others
Market Analysis based on Key Geographical Regions:
The report covers key regions such as North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. The report covers the production, growth, sales, demands, and consumption patterns, and forecast detail.
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Some Key Highlights From the Report
In June 2020, American Packaging Corporation launched new cold seal flow wrap package. The company provides flexible packaging solutions for frozen food, dry foods and mixes, dairy products, and confectionery applications. The new high-barrier cold seal flow warp package launched by the company can be utilized for front of store drop-off recycle streams.
Bags segment is expected to account for largest revenue share in the global frozen food packaging market over the forecast period owing to its wide usage for packaging of frozen food products, including fruits & vegetables, meat, poultry, and seafood.
Plastics segment is expected to register robust revenue growth over the forecast period. Frozen food packaging manufacturers are increasingly utilizing plastic as it does not interact with food and can easily be integrated with packaging technology.
Meat, poultry & seafood segment is expected to account for a robust revenue share in the global frozen food packaging market owing to increasing demand for higher protein food products among an increasing number of health-conscious consumers.
The frozen food packaging market in Europe is expected to account for largest revenue share over the forecast period. Increasing demand for frozen food products in the region owing to busy lifestyle and high purchasing power of consumers is expected to boost growth of the frozen food packaging market in the region.
Focal Points of the Report:
Market Coverage: This section of the report gives a detailed account of the key manufacturers, market segments, product scope, product range, forecast period, and application landscape.
Executive Summary: This chapter focuses on the market growth rate, significant market drivers and restraints, current market trends, and competitive outlook.
Regional Analysis: This section delves into the latest import and export trends of the market, production and consumption ratio, the leading market players in each region, and revenue generation.
Manufacturers’ Portfolio: Complete portfolios of all the local and global manufacturers, along with the SWOT analysis, production value and capacity, product catalogue, and other important details of their businesses, constitute this section of the report.
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