The global frozen food packaging market is anticipated to grow moderately over the forecast period. Growing demand for ready-to-eat and convenience food products owing to the busy lifestyles due to hectic work life schedules and an increasing number of working individuals is in turn expected to favor the frozen food packaging market growth. In addition, rising demand for frozen food owing to several advantages such as longer shelf life coupled with easy availability is further expected to benefit the market growth.
In addition, changing lifestyles coupled with rising disposable income and growing population is in turn expected to increase the demand for frozen food products which is further likely to augment the demand for frozen food packaging over the forecast period. Furthermore, demographic factors including the aging population coupled with an increase in the number of small households are expected to propel the demand for convenience foods thereby benefitting the market growth.
Technological advancements including improved packaging designs in order to store, protect, and promote the product also play a vital role in augmenting the demand for frozen food packaging over the forecast period. Moreover, several value-added features including zippers, top notches, and the usage of high quality graphics is further expected to enhance market growth. In addition, growing demand for frozen food packaging products from several foodservice establishments is also anticipated to drive the market growth.
On the basis of material, the global frozen food packaging market has been segmented into plastic, paper & paperboard, metal, and others. Plastic is anticipated to dominate the overall market over the forecast period. Plastic is one of the most widely used material for frozen food packaging owing to several beneficial properties including heat resistance, heat sealing, and good barrier properties among others. In addition, plastic also offers a number of choices in terms of color and transparency.
Material selection for frozen food packaging plays a very important role as the selected material should be durable, moisture resistant, and leakage proof and should also be able to preserve the color, texture, nutritional value, as well as the flavor of the frozen food. In addition, it should have good temperature stability and should be able to avoid the degradation, and dehydration of frozen food during storage and transportation.
Commonly used plastics for frozen food packaging include polyethylene, polypropylene, polyethylene terephthalate, and high impact polystyrene among others. Various grades of polyethylene including low-density polyethylene and high-density polyethylene are commonly used for manufacturing frozen food packaging products. Materials such as laminated paper and cardboard are commonly used for packaging products such as ice-creams among others.
On the basis of packaging type, the global frozen food packaging market has been segmented into bags, boxes, trays, wraps, trays, pouches, and others. Bags are widely used for the packaging of several products including meat portions, shrimps, fish, and poultry parts such as wings, and breasts among others. Pouches are also widely used for packaging several frozen meat, poultry, and seafood products whereas cups, boxes, and wraps are used for packaging products such as yogurts, and ice-creams among others.
On the basis of product, the global frozen food packaging market has been segmented into meat, poultry & seafood, ice-creams, fruits & vegetables, baked goods, and others. The meat, poultry, and seafood product segment is likely to dominate the market over the forecast period. The increasing production of meat, poultry, and seafood coupled with rising demand for higher protein food products is expected to favor the growth of this segment in the market.
On the basis of region, the global market has been classified into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa among others. The Asia Pacific is expected to be the fastest growing region in the market over the forecast period. Several factors including a growing population, and rising disposable incomes coupled with the presence of several major economies such as China, and India among others is further expected to propel the market growth.
Europe and North America hold a majority share in the global frozen food packaging market. Frozen food products are widely sold through several retail chains including supermarkets, and convenience stores among others. The presence of a well-established retail sector, especially in several developed European and North American countries, is expected to stimulate the demand for frozen food products thereby benefitting the market growth.
Key players operating in the frozen food packaging market include Sealed Air, Sonoco Products Company, Cascades Inc., ProAmpac, Berry Global Inc., Amcor plc, Huhtamaki Oyj, Sabert Corporation, Smurfit Kappa, and Printpack among others. Companies offer a wide range of frozen food packaging products including bags, wraps, pouches, boxes, and trays among others. Key players are also adopting strategies such as expansion, mergers & acquisitions, and new product developments among others.
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