Future Market Insights (FMI) research indicates robust growth for the global chilled food packaging market, with a projected valuation of US$ 860.0 Million in 2022, expanding at a notable CAGR of 7.5% to reach US$ 1,648.8 Million by 2032. The top 5 companies in the market are expected to hold around 20 to 25% of the market share by the end of 2022.
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Market Overview
Chilled food packaging plays a crucial role in maintaining the freshness and safety of food products, especially frozen foods produced by ready-to-eat food producers. As consumer demand for hygienic and safe food packaging continues to rise, the chilled food packaging market is witnessing significant growth. The plastic segment is projected to remain the leading material segment, driven by its safety features, affordability, and easy availability.
Driving Factors
The increasing demand for frozen packaging from ready-to-eat food producers is a key driver behind the sales of chilled food packaging. Ready-to-eat food producers are producing products in bulk to meet consumer demand, necessitating safe and protective packaging to keep the food fresh. Chilled food packaging provides protective and safe packaging solutions to frozen food producer companies, ensuring the safety and quality of frozen foods during storage and transportation.
Market Trends
The pandemic has led to a shift in consumer perspectives, with a growing demand for hygienic and safe food and packaging. This change in consumer behavior has fueled demand for unique and protective chilled packaging for frozen foods. As daily consumable food products become routine needs, consumers are increasingly demanding packaging that ensures the hygiene and safety of the products they consume.
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Report Benefits & Key Questions Answered
- Chilled Food Packaging Historical Market Analysis: The detailed survey by FMI, examines key factors in the Chilled Food Packaging market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Chilled Food Packaging market for the forecast period 2022-2032.
- Chilled Food Packaging Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Chilled Food Packaging for the assessment period. As per the study, the demand for Chilled Food Packaging will grow at a robust CAGR between 2022 and 2032.
- Chilled Food Packaging Market Trend Analysis: The latest study by FMI on the Chilled Food Packaging market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Chilled Food Packaging market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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Market by Category:
By Material:
- Plastic
- Aluminum
- Paper & Paperboard
By Packaging Type:
- Boxes
- Tubs & Cups
- Cans
- Trays
- Pouches & Bags
- Films & Wraps
By Application:
- Ready-to-Eat Products
- Fruits and Vegetables
- Meat, Poultry, & Seafood
- Dairy Products
- Others (Soups, etc.)
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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