The frozen food packaging market is estimated to be valued at US$ 900 million in 2023 and is rising to US$ 2.0 billion by 2033. Sales of frozen food packaging are likely to grow at a CAGR of 8.3% during the forecast period.
The coverage of various sectors and applications that may have future market impact are covered in the Frozen Food Packaging Bag Market 2023 report. The specifics are based on historical turning points and present trends. The amount of production on the global market and for each type during the anticipated time are also examined in this part. For companies intending to enter or grow in a market, these studies offer insightful information that is helpful in guiding their strategic decisions. Overall, a market research study on frozen food packaging bags is an effective tool for comprehending market dynamics and capturing potential possibilities.
The demand for frozen food packages in the food and beverage industry is anticipated to increase due to consumers’ growing desire for fresh food products. Additionally, it is anticipated that rising demand for frozen dessert delivery will favourably affect the development of the global market for frozen food packaging. The global market for frozen food items is anticipated to grow at a CAGR of 7.5% between 2022 and 2032, according to Future Market Insights.
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.
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Major player in the global market of frozen food packages are Ball Corporation, Amor Ltd., Crown Holding Inc., Bemis Company Inc., Pactiv LLC., International Paper Company, Sonoco Products Company, Sealed Air Corporation, Printpack Inc., Berry Global Group Inc. and Huhtamaki Oyj.
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.
On the other hand, high quantity of sodium in various frozen food products has led to a drop in the sales of the frozen food products, which has in turn led to a drop in demand for the frozen food packages.
In addition, increasing prices of the frozen food products add to the overall cost price of the product, which is projected to witness drop in demand for the frozen food packages. These factors are projected to inhibit growth of the global market of frozen food throughout the forecast period.
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Global Frozen Food Packaging Market by Category
By Material Type:
- Plastic
- 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.)
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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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