Frozen Food Packaging Market

Global Frozen Food Packaging Market Size (2024 To 2032)

The size of the global frozen food packaging market is expected to be worth USD 45.94 billion in 2024 and grow at a CAGR of 5.18% from 2024 to 2032 to achieve USD 68.81 billion by 2032. The main drivers of this market growth are the changing lifestyle of consumers and the increase in disposable income.

Frozen foods are able to meet many consumer needs. Several dietary factors, such as increased consumer interest in convenience and healthy meal preparation, are driving the growth of the frozen food market. Due to a surge in disposable income and the changing lifestyle of consumers, convenient meal options are offered for busy hours. Food purchases continue to occur through the emerging online retail and food delivery system. As consumers prefer to order food from online portals, the demand for frozen food packaging for tamper proof and temperature-controlled packaging is increasing. Rapid urbanization in developing countries, especially in emerging middle-income populations, has significantly supported the demand for frozen food packaging products around the world.

MARKET DRIVERS

The rapid growth of urbanization and the fast pace of life have transformed consumer preferences into frozen foods, which require less time to cook than traditional home-cooked meals.

Rise in the number of working women globally and the changes in the dynamics of families have augmented the intake of frozen foods, promoting the demand in the global frozen food packaging business. Furthermore, the market has been further enhanced by emerging economies, such as the broader mobility base in India and China and increased purchasing power. Market growth is supposed to increase as demand for attractive, innovative and portable packaging increases in differentiating products from other products. Today's consumers rely on frozen foods for convenience, multiple-choice and easy meal preparation. As the demand for frozen food has increased, the need for frozen food packaging has emerged.

Frozen food packaging helps to restore vitamins and minerals in food without any preservatives. The increasing demand for fresh produce and healthy ingredients stimulates business growth. Packaging aids in securing frozen foods from deterioration than many raw foods. With the recent meal delivery system, buying food from supermarkets is becoming extinct. To attract more users, food manufacturers are increasing door-to-door delivery services. Demand for frozen food packages continues to expand around the as customers chose food from online portals. The packaging industry has developed significantly as the need for frozen food increases. With the burgeoning need to offer frozen food safely, manufacturers in the food industry have opted for tamper-resistant and temperature-controlled packages. Businesses prefer to use plastic materials for packaging frozen foods, such as fruits, ice cream, meat, and vegetables. These factors are assumed to contribute significantly to the extension of the global frozen food packaging market over the outlook period.

As industrialization and urbanization increases, several food stores provide services on online portals. Due to the busy lifestyle, customers ordered a variety of food products through an online portal. Because of the increasingly active lifestyle, customers prefer to order frozen food instead of dishes. As the demand for frozen food increases among customers, the need for frozen food packages in the food industry continues to increase. Frozen food is also witnessing significant demand from manufacturers for the production of various dishes. Manufacturers dedicated to the food industry prefer to use frozen foods due to the preserved quality, freshness and taste of the products. To maintain food quality, companies prefer frozen food packages because they protect products from extreme weather conditions and humidity. As the need for safe food supplies increases among frozen food providers, the demand for temperature-controlled packages will continue to increase. These factors are presumed to have a positive impact on the growth of the global frozen food packaging market during the prediction period.

MARKET RESTRAINTS

The high sodium content in frozen foods is suspected to reduce the demand for this business. The higher preference for ordering hot food compared to frozen food is expected to lower sales of frozen food packages. Furthermore, the high price of frozen food packaging products is anticipated to have a negative impact on the growth of the global frozen food packaging market.

REPORT COVERAGE

REGIONAL ANALYSIS

By region, the world market is divided into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. Europe and North America have the largest share of the global frozen food packaging market. Frozen foods are widely sold through various retail chains, such as supermarkets and convenience stores. In particular, the presence of a well-established retail sector in several developed European and North American countries is supposed to stimulate demand for frozen food, which will help market growth.

The Asia Pacific frozen food packaging market is expected to be the fastest-growing during the forecast period. Along with the presence of several major economies, such as China and India, various factors are estimated to stimulate market growth, including population growth and growth in disposable income. The market offers unique opportunities for providers of frozen food packaging solutions as they are still at a new level in terms of adoption of the latest packaging products. As the population grows, the demand for food is anticipated to increase, and as urbanization, high-quality products are foreseen to exist. The North American market currently dominates the global frozen food packaging market due to demographic trends such as small population growth and demand for prepared foods.

Key Players in the Global Frozen Food Packaging Market

Major Key Players in the Global Frozen Food Packaging Market are Printpack, Inc, Pactiv LLC, Amcor Ltd, Ball Corporation, Crown Holdings, Sealed Air Corporation, Bemis Company, Tetra Pak International, WestRock Company, Graphic Packaging International, FLAIR flexible packaging corporation, Graham Packaging, Huhtamaki N.A. and Others.

RECENT HAPPENINGS IN THE MARKET

• In May 2019, Cascades Sonoco, a joint venture between Cascades Inc. and Sonoco Products Company, began expanding its packaging facilities in Birmingham, Alabama with a new production line of innovative green packaging. They have invested $ 17 million to produce water-based functional coating solutions that can make recyclable, recyclable, and compostable packaging.
• April 2019: WestRock Company won the "Innovator Award" for improving the recyclability of foodservice packaging.
• In September 2018, Amazon Go by Amazon is expected to open stores with no more than 3,000 ATMs by 2021.

DETAILED SEGMENTATION OF THE GLOBAL FROZEN FOOD PACKAGING MARKET INCLUDED IN THIS REPORT

This research report on the global frozen food packaging market has been segmented and sub-segmented based on material, type of packaging product, food, and region.

By Material

• Plastic
• Aluminium
• Cardboard
• Glass
• Wood
• Paper

By Type of Packaging Product

• Bags
• Boxes
• Cans
• Cartons
• Trays
• Wraps
• Tubs and Cups
• Pouches

By Food

• Readymade Meals
• Meat
• Poultry and Sea Food
• Fruits and Vegetables
• Baked Goods
• Potatoes
• Soups and Ice Cream

By Region

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa