Description

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.

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.

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.

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

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

Key Issues Addressed

• What is the market size by various segmentation of the frozen food packaging by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 frozen food packaging market forces?
• What are the key opportunities and trends for manufacturers involved in the frozen food packaging supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• What will be the impact of cutting-edge technology on the frozen food packaging market?
• How has COVID-19 impacted the demand and sales of frozen food packaging in the global market? Also, the expected BPS drop or rise count of the market and market expected recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.