The worldwide ice cream packaging market is expected to be worth US$ 853.74 million in 2023 and is predicted to advance at a CAGR of 4.0% between 2023 and 2033. By the end of 2033, the ice cream packaging industry is expected to be worth US$ 1263.74 million.
The ice cream packaging industry was anticipated to expand further due to the rising demand for frozen desserts. Vital forces are the growing acceptance of single-serving packs, sustainable and eco-friendly packaging solutions, and material advances to protect product quality.
Eco-Friendly Packaging Solutions: The Sustainable Shift in the Ice Cream Industry
Ice cream’s growing popularity as a favorite dessert and indulgence meal contributes to a rise in demand for appealing and functional packaging solutions. In addition, packaging material and technology innovations have resulted in sustainable and ecological-friendly options, coinciding with consumer expectations for environmentally responsible choices.
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Expanding single-serve and on-the-go consumption behaviors have increased demand for portable and convenient packaging designs. Also, manufacturers’ emphasis on increasing product shelf-life and maintaining product quality has fueled innovations in packaging to enable great preservation and protection throughout transit and storage.
These driving elements collectively support the expansion and competitiveness of the ice cream packaging market in the food packaging industry.
Confronting Restraints: Challenges in the Ice Cream Packaging Industry
The growing global emphasis on sustainability and environmental issues is a big challenge. Consumers demand environment-friendly packaging, putting pressure on manufacturers of ice cream to use sustainable materials and methods.
Finding acceptable alternatives that preserve product freshness and quality while minimizing environmental impact can be expensive and time-consuming. Further, strict rules and standards for food safety and labeling limit the industry’s packaging options.
Economic uncertainty, fluctuating raw material costs, and supply chain interruptions can all challenge ice cream packaging companies, making it difficult to attain market stability and profitability.
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Regional Outlook
- As North America’s ice cream packaging market has always been a big consumer of ice cream, there has been a constant increase in demand for innovative and sustainable packaging solutions. Consumers’ choice of convenience and environment-friendly packaging has fueled the transition to sustainable materials and designs.
- In Europe’s ice cream packaging sector, as in North America, there was a considerable emphasis on sustainability and environmental issues. Companies concentrated on decreasing their carbon footprint, and biodegradable and compostable packaging materials gained prominence.
- Rapid urbanization and rising disposable income in the Asia Pacific led to great consumption of ice cream products. This increase in demand prompted further expenditures in innovative packaging technologies to meet the needs of a broader customer base.
Key Takeaways
- The ice cream packaging industry in the United States is projected to expand by US$ 45.2 million between 2023 and 2033.
- From 2023 to 2033, New Zealand’s ice cream packaging market is expected to develop at a 3.4% CAGR.
- In 2023, the plastic category accounted for 58% of the global market share.
Competitive Landscape
The market has been competitive due to rising global demand for products. Also, innovations in eco ice cream packaging market-friendly and sustainable packaging solutions, developments in packaging technology, cost-effectiveness, and the capacity to meet stringent regulatory standards are all key elements affecting competition.
Established firms and emerging competitors frequently fight for market share by offering creative, eye-catching, and convenient packaging solutions that appeal to customers while aligning with their environmental concerns.
Novel Breakthroughs
- Partnership
Borealis plans to partner with Paccor (Germany) and Froneri (Finland) in June 2022. It has created a bio-based feedstock mono-material PP ice cream packaging.
- Launch
In August 2019, Berry Global Inc. unveiled a pint-sized sustainable ice cream solution in which ice cream manufacturers use a paper pint. It is a clear point that provides an environment-friendly solution on all three fronts.
Key Segmentation
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
- The Middle East & Africa
- Oceania
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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