Frozen Food Packaging Market Size to Reach USD 60.58 Billion in 2028; Technological advancements in the packaging industry is a key factor driving growth of the frozen food packaging market, Says Reports and Data

Market Size - USD 39.78 Billion in 2020, Market Growth - at a CAGR of 5.5%, Market Trends - Rising demand for sustainable frozen food packaging

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Reports And Data

Jul 26, 2021, 05:51 ET

NEW YORK, July 26, 2021 /PRNewswire/ -- The global frozen food packaging market size is expected to reach USD 60.58 Billion in 2028 and register a CAGR of 5.5% during the forecast period, according to a latest report by Reports and Data. Rapid global frozen food packaging market revenue growth can be attributed to increasing international trade of frozen food products, improved transportation facilities and logistics, and increasing consumption of frozen food products in emerging markets of South America and Asia Pacific. Emergence of innovative refrigerator displays in supermarkets, advances in freezing technologies, and presence of better and faster supply chain is contributing to increasing sales of frozen food and packaging solutions which are required to prevent food spoilage. Technological advancements in cold chain and developments in the retail landscape are boosting market revenue growth. Technological advancements have helped flexible packaging manufacturing companies in the development of more improved packaging designs and supply of new film types.

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Increasing penetration of online food delivery services in developing countries is supporting growth of the frozen food packaging market. Convenience offered by online grocery shopping channels is a key factor boosting sales of frozen meat, vegetables, and ready meals. Shift in preference towards sustainable packaging is boosting demand for more eco-friendly alternatives in packaging materials for frozen food, which include molded pulp, paper, and bioplastics. Major players such as ProAmpac LLC, Smurfit Kappa Group, American Packaging Corporation, and Amcor plc are increasingly investing to meet growing demand for sustainable packaging solutions.

Some Key Highlights From the Report

In March 2020, Sonoco Products Company collaborated with Tellus, which is packaging company based in Florida, US, launched the sugarcane-based fiber bowl. The fiber bowl is the first product launched by the company which is 100% U.S. sourced sugarcane-based fiber bowl for refrigerated, prepared, and frozen foods. The fiber bowl is branded as Natrellis and is dual-ovenable, PFAS-free, and acts as an alternative to traditional rigid plastic packages.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/frozen-food-packaging-market

Bags segment revenue is expected to register a rapid growth rate over the forecast period. Increasing consumption of frozen food owing to rising disposable income and changing lifestyle of consumers is driving demand for bags for frozen food.
Plastics segment is expected to account for a considerably large revenue share in the global frozen food packaging market owing to excellent barrier properties. Plastic packaging is widely utilized for packaging of frozen food products due to ability to maintain quality of the contents.
Meat, poultry, & seafood segment revenue is expected to expand significantly over the forecast period.
Asia Pacific frozen food packaging market revenue is expected to expand at a rapid CAGR over the forecast period. Increasing penetration of online food delivery services and increasing demand for frozen meats are projected to increase utilization of frozen food packaging in countries in the region.

Major players in the market include:

ProAmpac LLC
Sonoco Products Company
American Packaging Corporation
Amcor plc
Berry Global, Inc.
Cascades Inc.
Sealed Air Corporation
Smurfit Kappa Group
Sabert Corporation
WestRock Company

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For the purpose of this report, Reports and Data has segmented the global frozen food packaging market based on packaging type, material, product, and region:

Packaging Type Outlook (Revenue, USD Billion; 2018-2028)

Bags
Boxes
Trays
Tubs and Cups
Pouches
Wrappers
Others

Material Channel Outlook (Revenue, USD Billion; 2018-2028)

Paper & Paperboards
Plastics
Metals
Others

Product Channel Outlook (Revenue, USD Billion; 2018-2028)

Meat, Poultry & Seafood
Fruits & Vegetables
Ready Meals
Ice-creams
Others

Regional Outlook (Revenue, USD Billion; 2018-2028)

North America

U.S.
Canada
Mexico

Europe

German
UK
France
Italy
Spain
Sweden
BENELUX
Rest of Europe

Asia Pacific

China
India
Japan
South Korea
Rest of APAC

Latin America

Brazil
Rest of LATAM

Saudi Arabia
UAE
South Africa
Israel
Rest of MEA

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