Frozen Food Packaging Market Share, Size Report | 2022-2027 | Growth, Top Companies, Segmentation And Forecast

February 10, 2023

According to the global frozen food packaging market report by IMARC Group, the market reached a value of US$ 41.96 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 57.33 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027.

Frozen foods are several food products, including meats, seafood, vegetables, fruits, frozen desserts, ice creams, baked goods, and ready-to-eat meals preserved and processed at an acute cold temperature to retain nutrients. They are usually packed in wax-coated cardboard, solid bleached sulfate (SBS) paperboard, individually quick frozen (IQF), shrink film, aluminum, glass, lidding film, skin film, and flexible bags. These packaging solutions are cost-effective, readily accessible, lightweight, economical; withstand high temperatures; and provide safer transportation. As a result, frozen food packaging is widely used to preserve the flavor, aroma, texture, and color, maintain quality, and ensure a longer shelf of food products.

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Frozen Food Packaging Market Trends:

The market is primarily driven by the significant expansion in the food and beverage (F&B) sector, coupled with the escalating demand for packaged ready-to-eat (RTE) meals. This can also be attributed to the inflating disposable incomes, particularly in emerging economies, and the hectic lifestyle schedules of individuals.

In addition, various food and beverage (F&B) manufacturing companies are adopting modern technologies to launch innovative, attractive, and convenient-to-carry packaging to meet evolving consumer requirements, representing another major growth-inducing factor. Moreover, the sudden outbreak of the coronavirus disease (COVID-19) pandemic and the growing consumer inclination toward online retailing and e-commerce distribution channels are providing a positive thrust to the market growth.

Besides this, the extensive utilization of plastic as the principal frozen food packaging material due to its storage, durability, and heat resistance properties and the increasing investments in research and developments (R&D) activities for adding new qualities to the packaging is also creating a positive market outlook.

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Key Market Segmentation:

The report has segmented the global frozen food packaging market on the basis of type, product, material and region.

Breakup by Type:

• Boxes

• Bags

• Cups and Tubs

• Trays

• Wraps

• Pouches

• Others

Breakup by Product:

• Ready Meals

• Meat and Poultry

• Sea Food

• Potatoes

• Vegetables and Fruits

• Soups

Breakup by Material:

• Plastics

• Paper and Paperboards

• Metals

• Others

Breakup by Geography:

• North America: (United States, Canada)

• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America: (Brazil, Mexico, Others)

• Middle East and Africa

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List of Key Companies Covered in this Market Report:

The major players in the market are Amcor plc, Berry Global Inc., Cascades Inc., Crown Holdings Inc., Huhtamäki Oyj, ProAmpac, Sabert Corporation, Smurfit Kappa Group plc, Sonoco Products Company and WestRock Company.

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About IMARC Group:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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