The global frozen food packaging market size was valued at USD 10.84 billion in 2023. The market is projected to grow from USD 11.38 billion in 2024 to USD 17.20 billion by 2032, exhibiting a CAGR of 5.16% during the forecast period. Frozen food packaging is used to preserve food products from the time of their production to the time of their consumption. The increasing industrialization, busy lifestyles, and the growing advancement in emerging countries are raising the demand for ready-to-eat products, driving market growth.
Fortune Business Insights™ mentions this in a report titled, “Frozen Food Packaging Market, 2024-2032.”
Segments:
Plastic Segment to Lead the Market as it Offers Excellent Barrier Properties
Based on material, the market is classified into plastic, paper & paperboard, aluminium, and others. The plastic segment holds the largest frozen food packaging market share. The segment’s growth is attributed to the excellent barrier properties of plastic material, ensuring the preservation of the freshness of food products.
Growing Adoption by Manufacturers to Propel Flexible Segment Expansion
By packaging type, the market is categorized into rigid and flexible. The flexible segment leads the market and holds a dominant share. The segment’s growth is attributed to manufacturers' growing adoption of flexible packaging products owing to their properties, which include being lightweight, cost-effective, and sustainable.
Growing Use of Packaging Solutions to Propel Meat, Poultry & Seafood Segment Growth
By food type, the market is categorized into fruits & vegetables, ready-to-eat products, dairy products, meat, poultry & seafood, bakery & confection, and others. The meat, poultry & seafood segment holds the largest share of the market. The growing use of packaging solutions to packaging meat to obtain the best quality and prevent excessive water evaporation drives segment expansion
Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- The latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints:
Growing Food Waste Awareness to Propel Market Expansion
Increasing awareness regarding decreasing food waste is creating a positive outlook, further driving the frozen food packaging market growth. The increasing anxiousness of the customers is related to the environmental impacts of excessive food wastage, and seeking ways to decrease food wastage drives the market's growth.
However, the increasing choice of hot food rather than frozen food products is expected to decrease the sales of frozen food packages, hindering market expansion.
Regional Insights:
Growing Preference Toward Convenience Food Propel Market Growth in Europe
Europe is dominating the frozen food packaging market due to consumer’s increasing preference for convenience food and the substantial growth of online grocery.
North America is the second dominating region in the global market, with increasing sales of frozen food products through retail chains, including supermarkets, comfort stores, and others.
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Market Trends:
Sustainability Focus:
- Growing consumer preference for eco-friendly packaging materials such as biodegradable plastics, paper, and reusable containers.
- Companies are investing in reducing plastic usage and adopting recyclable and compostable packaging solutions.
Smart Packaging Technology:
- Adoption of intelligent packaging solutions such as temperature indicators, freshness sensors, and QR codes to enhance food safety and reduce waste.
- These technologies enable consumers and retailers to track the condition of frozen foods during transit and storage.
Growth in Ready-to-Eat and Convenient Food Products:
- An increasing number of consumers are opting for ready-to-eat and heat-and-eat frozen meals due to busy lifestyles, driving demand for specialized packaging that maintains product freshness and flavor.
E-Commerce and Online Food Delivery Boom:
- The rise of online grocery shopping and food delivery services has led to innovations in packaging designed for efficient home delivery, especially for frozen products.
Innovations in Packaging Materials:
- Development of advanced materials such as vacuum-sealed and insulated packaging to preserve product quality during transportation.
Competitive Landscape:
Increasing Key Players Focus on Customer Base Expansion to Drive Market Growth
In terms of the competitive landscape, the frozen food packaging market consists of key players, such as ProAmpac, WestRock Company, and others. The increasing focus of these key players on customer base expansion and innovations globally to drive market growth.
Key Industry Development:
September 2023 – Ahlstrom and The Paper People LLC, a sustainable packaging manufacturer, partnered to develop fiber-based frozen food packaging. A new line of fully fiber-based and recyclability-certified packaging has been developed to replace traditional plastic films and fossil-based plastic in the packaging of frozen foods.
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List of Key Players Present in the Report:
- ProAmpac (U.S.)
- Sonoco (U.S.)
- WestRock Company (U.S.)
- Graphic Packaging International, LLC (U.S.)
- Pactiv Evergreen Inc. (U.S.)
- Anchor Packaging LLC (U.S.)
- Mondi (U.K.)
- Amcor (Switzerland)
- Qingdao Yilucai Packaging Co., Ltd (China)
- KOROZO GROUP (Turkiye)
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