Frozen Food Packaging Market Forecasts to 2028 - Global Analysis By Product, By Type, By Material and By Geography

According to Stratistics MRC, the Global Frozen Food Packaging Market is accounted for $47236.3 million in 2022 and is expected to reach $85060.7 million by 2028 growing at a CAGR of 10.3% during the forecast period. From the time that frozen food products are made until they are consumed, frozen food packaging aids in their preservation. The packaging of frozen food helps to keep the original flavor, color, and texture of the food, as well as typically more nutrients than can be obtained by any other method. Typically, bags, wrappers, pouches, boxes, tubs, cups, trays, frozen desserts, ice cream, fruits, vegetables, meat, and baked products are packaged.

According to the National Bureau of Statistics of China, the growth of food packaging in China had increased by 32% by 2018, since 2013. Furthermore, the market also provides an opportunity for vendors of frozen food packaging solutions, as it is still in the nascent stage in terms of adoption of the latest packaging products.

Market Dynamics:

Driver:

Increasing trend of material selection

The selection of material for frozen food packaging is crucial because it must be water-resistant, long-lasting, moisture-resistant, and capable of preserving the nutritional value, appearance, texture, and flavor of the food. It should also be able to keep frozen food from dehydrating and degrading, and it should maintain a stable temperature during storage and transportation. As a result, it is projected that the rising importance of material selection for frozen food packaging will spur market expansion.

Restraint:

Harmful effects of usage plastic

Food dehydration and spoiling are prevented, and frozen food products have a longer shelf life due to packaging solutions. These packaging options for frozen food maintain the food's moisture and are reliable enough to withstand significant drop weights while also being leak-proof, puncture-resistant, and resistant. Because plastic packaging has great stopper capabilities to protect food contents from physical forces including light, moisture, and oxygen, frozen food packaging companies are increasingly using it. As a result, the negative impacts of plastic are incorporated into food products, harming people's health.

Opportunity:

Growth and expansion of organized retail stores

Large retail chains with significant availability on the international market frequently include organized retail outlets as an integral component. Sales of frozen food products rise as a direct result of the growth and extension of the organized retail chain, which ultimately drives up demand for frozen food packaging solutions in the market. For instance, it is estimated that Walmart will have more than 11,000 stores worldwide, and that Amazon will open more than 3,000 cashierless stores by 2021. As a result, there is an increase in demand for frozen food packaging, which is anticipated to lead to tremendous market potential prospects during the forecast period.

Threat:

High sodium content and high cost of frozen food

Even though demand for frozen food packaging is substantial, there are market restrictions in place. It is assumed that the high sodium content of frozen food products will reduce consumer demand for this industry. It is projected that the number of customers ordering hot food instead of frozen food will decrease the sales of frozen food packages. Furthermore, it is anticipated that the high cost of frozen food packaging materials will negatively affect the market development and expansion of the global food packaging industries.

COVID-19 Impact:

The pandemic's breakout has had an effect on each sector's financial situation. The lockdown and curfew imposed by the administration of almost all regional governments worldwide. The supply networks, production, and distribution processes essentially came to a halt. Under strict restrictions, food and beverage production and supply were both permitted. People were compelled to purchase goods during the pandemic as a result of their fear and uncertainty about the COVID issue. The demand for food and drink products, especially frozen food products, was extremely high because they may be eaten for a longer period of time.

The plastic segment is expected to be the largest during the forecast period

During the forecast period, the plastic category will dominate the material type sector as producers of frozen food packaging employ a variety of materials, but plastic provides them a wide range of opportunities. These include polypropylene, polyethylene, and many others that they might select from depending on their demands. Additionally, the manufacturers' profit margin is increased by employing plastic in the packaging of frozen food. In comparison to materials like glass, aluminum, and others, plastic is more affordable. However, plastic is therefore the most popular material used to produce frozen food packaging globally due to its versatility and ease of availability.

The rigid segment is expected to have the highest CAGR during the forecast period

Due to the rising need for rigid packaging for frozen food to preserve food quality, which drives market expansion, the rigid segment is predicted to experience profitable growth during the projected period. In response to consumer demand, producers create hard packaging in a variety of kinds and designs. The projection period will witness an increase in the use of rigid packaging due to the development of more advanced technologies and environmentally friendly packaging options. However, the end user's acceptance of rigid packaging since it can be simply moved from one location to another without any damage or hassle. The demand for rigid packaging is rising as a result of customized and durable food packaging.

Region with largest share:

North America is estimated to hold the largest share of the global market over the forecasted period. More than 48 million incidents of food-related illness are reported each year, according to the Centers for Disease Control and Prevention (CDC). Additionally, the concerning level of food waste in the United States is raising a lot of awareness about the need to promote frozen food packaging. The existence of frozen food producers and rising consumption of frozen foods across all consumer age groups will create market opportunities in the United States during the course of the predicted period.

Region with highest CAGR:

Due to a rising population, demand for high-quality products, urbanization, and growing public awareness of foodborne illnesses, food waste, and food spoilage, the Asia-Pacific region is anticipated to experience profitable growth over the anticipated period. The market for frozen food packaging in Asia-Pacific is dominated by China. The country's large population and urbanization have raised the demand for frozen food products. Chinese consumers are seeking out high-quality, simple-to-use food products. Due to availability, there has been a consistent demand in the area for frozen meat and other commonly consumed items in the frozen food market.

Key players in the market:

Some of the key players in Frozen Food Packaging market include AEP Industries Inc. Alto Packaging, Amcor PLC (Bemis Company Inc.), American Packaging Corporation, Amerplast Ltd., Ampac Holdings, LLC, Anchor Packaging, Ball Corporation, Berry Plastics Group Inc, Carter Holt Harvey Packaging S.A., Cascades Inc., Crown Holdings, Inc., Graphic Packaging International Inc., Huhtamaki Group, International Paper Company, KOROZO Ambalaj San.ve Tic A.S., Leucadia National, MOD-PAC Corp, Mondi Group, Printpack Inc., ProAmpac LLC, Reynolds Presto Products Inc., Sealed Air Corporation, Sealstrip Corporation, Sonoco Products Company, Tray-Pak Corporation, Uflex Limited. And WestRock Company.

Key Developments:

In May 2019, Cascades Sonoco, a joint venture of Cascades Inc. and Sonoco Products Company, inaugurated the expansion of packaging facility in Birmingham, Alabama, by its new production line of innovative, eco-friendly packaging. They have invested USD 17 million to produce a water-based functional coating solution which can create recyclable, repulpable and compostable containers.

In April 2019, WestRock Company has got the "Innovator Award" for the company's work in improving the recyclability of foodservice packaging.

Products Covered:

• Baked Goods
• Frozen Desserts and Ice Creams
• Meat and Sea Food
• Fruits and Vegetables
• Poultry
• Ready Meals
• Potatoes
• Soups
• Dairy Products
• Other Products

Types Covered:

• Flexible
• Rigid
• Wrappers
• Other Types

Materials Covered:

• Metals
• Paper And Paperboard
• Plastics
• Aluminium
• Tempered Glass
• Other Materials

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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