The global ice cream packaging market is on a steady growth trajectory, set to expand from USD 853.74 million in 2023 to USD 1,263.74 million by 2033, at a CAGR of 4.0% during the forecast period. The top three countries are projected to hold 30% to 35% of the global market share by the end of 2023.
Core Concepts in the Ice Cream Packaging Industry
- Yearly Growth Rate: The ice cream packaging market is expected to grow at a CAGR of 4% through 2033.
- Total Market Uptake by 2033: The global market is projected to reach a total value of US$ 1,263.74 million by 2033.
- Historical Market Performance: From 2018 to 2022, the ice cream packaging market experienced a yearly growth rate of 3.7%.
- United States Market Influence: The U.S. market is anticipated to create an incremental opportunity of US$ 47.4 million by 2033.
- New Zealand’s Contribution: New Zealand is expected to see a growth rate of 3.5% CAGR through 2033, contributing significantly to the market’s advancement.
Market Dynamics and Growth Drivers
The cup segment by packaging type is estimated to remain at the forefront during the forecast period. According to Future Market Insights (FMI), this segment is expected to register a CAGR of 4.5% from 2023 to 2033.
The increasing consumption of ice creams in various regions and the launch of numerous varieties of ice creams are projected to bolster the demand for innovative ice cream packaging. The ice cream packaging industry is anticipated to expand 1.5 times its current market value from 2023 to 2033.
Key Trends Boosting Sales in the Global Market
1. Surging Demand for Ice Creams with High Nutritional Value
Consumers are increasingly preferring unique and high-quality ice cream flavors, and they are willing to pay more for innovative ingredients. As a result, ice cream manufacturers are launching various premium brands to cater to the growing demand for ice cream packaging worldwide.
Athletes and health-conscious consumers looking for ice creams with more nutritional value have been particularly fond of low-sugar, high-protein varieties. This propels the demand for a wide range of ice creams, positively affecting the global ice cream packaging market during the evaluation period.
2. Incorporation of QR Codes in Packaging Solutions
Ice cream packaging manufacturers are equipping their products with new technologies. Technology plays an important role in bringing innovative products to consumers, branding, and product development. Further, good packaging ensures the product remains undamaged throughout the supply chain, from the manufacturer to the consumer.
Ice cream manufacturers offer connected packaging solutions, including digital QR codes printed on ice cream packs. These allow customers to find all relevant information about the product, enhancing the consumer experience and fostering brand loyalty.
Noteworthy Developments in the Ice Cream Industry
In May 2022, dairy brand Amul, known for experimenting with Indian ingredients and flavors, launched an exciting new ice cream flavor called Isabcool. This product was created to back the Gujarat Titans, Gujarat’s Indian Premier League (IPL) team, and its captain Isabcool. The ice cream contains cashew, figs, and Isabgol, a common laxative used in Indian households. Similar new product launches by ice cream and dairy product giants are likely to push the global ice cream packaging market forward.
Increasing Demand for Sustainable Packaging is Propelling the Global Market
Consumers are preferring novel packaging that looks attractive, as well as is beneficial for the environment, whether they are buying ice cream regularly or spontaneously. Also, the packaging should be able to keep the product fresh and should reveal the brand essence. Ice cream packaging manufacturers are thus producing sustainable solutions, which would fuel the global market.
Competitive Landscape:
Berry Global Group, Amcor Plc, ITC Packaging, INDEVCO Group, Huhtamaki Oyj, International Paper Company, Stora Enso Oyj, Sonoco Products Company, Frapak Packaging b.v., Tetra Laval, Stanpac Inc., Insta Polypack, Sirane Limited, Safepack Solutions, Uniflex, Delkor Systems, Inc., Scholle Ipn Corporation, and Pixelle Specialty Solutions are some of the leading ice cream packaging manufacturers worldwide.
Access Full Report: https://www.futuremarketinsights.com/reports/ice-cream-packaging-market
Market Outlook By Category
By Packaging Type:
- Cup
- Tub
- Stick Pack
- Folding Carton
- Others (Jar, Cone Wrappers, etc.)
By Material:
- Plastic
- Paper & Paperboard
- Glass
- Others (Metal, etc.)
By Sales Channel:
- Online
- Offline
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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