Frozen Food Packaging Market Size, Share, Trends 2024-32

19 Aug.,2024

 

Frozen Food Packaging Market Size, Share, Trends -32

Market Overview:

The global frozen food packaging market size reached US$ 46.7 Billion in . Looking forward, IMARC Group expects the market to reach US$ 69.2 Billion by , exhibiting a growth rate (CAGR) of 4.4% during -. The rapid product development and marketing efforts by frozen food companies, the increasing awareness of the nutritional value of frozen fruits and vegetables, and the customized packaging solutions for different frozen food product types and sizes are some of the factors propelling the market.

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Report Attribute

 Key Statistics 

Base Year

Forecast Years

-

Historical Years

-

Market Size in

US$ 46.7 Billion

Market Forecast in

US$ 69.2 Billion

Market Growth Rate -

4.4%


Frozen food packaging is crucial in preserving frozen food products' quality, safety, and shelf life. Designed to withstand extreme temperatures and prevent contamination, it ensures that the food remains fresh and retains its nutritional value until consumption. The packaging materials used for frozen food often include specialized films and laminates that provide excellent barrier properties, preventing moisture, air, and odors from entering and damaging the food. These materials also help to prevent freezer burn, which can affect the texture and taste of frozen items. Innovations in frozen food packaging have led to the development of resealable bags, convenient portion-sized packaging, and microwave-safe containers, enhancing consumer convenience and reducing food waste. Additionally, eco-friendly and sustainable packaging options are gaining popularity, aiming to reduce the environmental impact of frozen food packaging. Packaging contributes to a more efficient and safe supply chain by ensuring the integrity of frozen food products, ultimately delivering high-quality, convenient, and nutritious frozen meals to consumers' tables.

The global market is majorly driven by the increasing demand for convenience foods due to busy lifestyles. In line with this, the rising preference for frozen foods, as they offer longer shelf life, is significantly contributing to the market growth. Furthermore, the growing consumer awareness regarding food safety and hygiene is positively influencing the market. Apart from this, expanding urbanization and the need for easy-to-prepare meals are catalyzing the market. Technological advancements in packaging materials are offering numerous opportunities for the market. Moreover, the escalating popularity of frozen fruits, vegetables, and ready-to-eat meals is propelling the market. Expansion of the e-commerce sector, driving online sales of frozen foods, is bolstering the market. Besides, the changing food consumption patterns and the adoption of Western eating habits in emerging markets are fostering the market. The availability and variety of frozen food products in retail stores are strengthening the market. Additionally, the increasing disposable income, allowing consumers to opt for premium frozen food products, is providing a boost to the market.

Frozen Food Packaging Market Trends/Drivers:

Rapid packaging innovations

Rapid packaging innovations have significantly impacted the frozen food industry, thereby enhancing consumer experiences. Manufacturers are constantly exploring new materials, technologies, and designs to improve the quality, safety, and convenience of frozen food packaging. Innovative packaging materials, such as advanced films and laminates with enhanced barrier properties, ensure optimal insulation and protection against moisture, air, and odors, preserving the integrity of frozen food products. Vacuum sealing and modified atmosphere packaging (MAP) techniques extend shelf life and minimize food waste. Moreover, microwave-safe and oven-safe packaging options offer added convenience, allowing consumers to cook frozen meals directly in the packaging, saving time and effort. Portion-controlled and single-serving packaging meets the demands of busy individuals seeking quick and easy meal solutions.

Rising awareness of food waste reduction

The rising awareness of food waste reduction is creating a positive outlook for the market. Consumers are increasingly concerned about the environmental impact of excessive food wastage and are seeking ways to minimize it. As a result, frozen food packaging has evolved to address this concern. Packaging innovations, such as portion-controlled sizes, resealable bags, and microwave-safe containers, reduce food waste by enabling consumers to use only what they need and safely store the rest for later consumption. Additionally, manufacturers are implementing eco-friendly and sustainable packaging materials, aligning with consumers' values and reducing the environmental footprint of frozen food products. The awareness of food waste reduction has also led to increased emphasis on clear labeling and storage instructions, helping consumers make informed decisions about product shelf life and proper usage. The growing consciousness about food waste has prompted the market to embrace more sustainable practices, offering solutions that align with consumers' values and contribute to a more sustainable future.

Growing demand for sustainable and eco-friendly packaging materials

The growing demand for sustainable and eco-friendly packaging materials is offering lucrative opportunities for the market. As consumers become more environmentally conscious, they seek packaging options that align with their values and contribute to reducing the environmental impact. Sustainable packaging materials, such as biodegradable films, compostable trays, and recycled paperboard, are gaining popularity as they offer reduced carbon footprints and are less environmentally harmful. Consumers are increasingly choosing frozen food products packaged in eco-friendly materials to minimize their contribution to plastic waste and landfill pollution. In response to this demand, frozen food manufacturers are embracing sustainable packaging solutions to appeal to environmentally aware consumers. By adopting eco-friendly packaging materials, companies demonstrate their commitment to sustainability and environmental responsibility, building brand trust and loyalty. The shift towards sustainable packaging benefits the environment and enhances the overall image and reputation of frozen food brands, positioning them as responsible and forward-thinking industry players.

Frozen Food Packaging Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global frozen food packaging market report, along with forecasts at the global, regional and country levels from -. Our report has categorized the market based on type, product and material.

Breakup by Type:

  • Boxes
  • Bags
  • Cups and Tubs
  • Trays
  • Wraps
  • Pouches
  • Others
     

Boxes dominates the market

The report has provided a detailed breakup and analysis of the market based on the type. This includes boxes, bags, cups and tubs, trays, wraps, pouches, and others. According to the report, boxes represented the largest segment.

The convenience and versatility of boxed frozen food packaging make it popular among consumers seeking easy storage and portion control. As busy lifestyles continue, single-serve frozen meals packaged in boxes cater to the on-the-go market segment. Additionally, eco-conscious consumers appreciate recyclable cardboard boxes as a sustainable option.

On the other hand, bags are witnessing growth due to advancements in material technology, allowing for improved freezer resistance and longer shelf life. Consumers prefer resealable bags, ensuring product freshness and reducing food waste. Moreover, the bags' lightweight and space-efficient nature attracts cost-conscious consumers and those living in small households.

Moreover, the rising demand for frozen desserts and single-serve snacks drives the cups and tubs segment. The convenience of these containers enables easy consumption and portioning, appealing to health-conscious individuals and dessert enthusiasts.

Besides, the trays are experiencing growth due to their suitability for multi-compartment meals and family-sized portions. Busy families and working professionals find these trays convenient, allowing them to prepare and serve meals with minimal effort.

Breakup by Product:

  • Ready Meals
  • Meat and Poultry
  • Sea Food
  • Potatoes
  • Vegetables and Fruits
  • Soups
     

Ready meals dominate the market

The report has provided a detailed breakup and analysis of the market based on the product. This includes ready meals, meat and poultry, sea food, potatoes, vegetables and fruits, and soups. According to the report, ready meals represented the largest segment.

The convenience and time-saving aspects of ready meals packaged in frozen containers have significantly influenced market growth. As busy lifestyles persist, consumers seek quick and easy meal solutions, and ready meals meet this demand. The packaging for ready meals is designed for easy heating and consumption, attracting a wide range of consumers, including working professionals, students, and the elderly.

Furthermore, the demand for frozen meat and poultry products has been a major driver for innovative packaging solutions. Consumers seek assurance of product safety and quality, making using specialized packaging materials that maintain freshness and prevent freezer burn essential. The rise in demand for portion-controlled and marinated meat products has also contributed to packaging advancements in this segment.

Moreover, the popularity of frozen seafood products, offering year-round availability and longer shelf life, has catalyzed growth in the packaging market. Packaging for frozen seafood focuses on preserving delicate flavors and textures, ensuring the products reach consumers in pristine condition. Sustainable packaging options, such as eco-friendly materials and easy-to-recycle solutions, align with the environmentally-conscious choices of seafood consumers.

Breakup by Material:

  • Plastics
  • Paper and Paperboards
  • Metals
  • Others
     

Paper and paperboards dominate the market

The report has provided a detailed breakup and analysis of the market based on the material. This includes plastics, paper and paperboards, metals, and others. According to the report, paper and paperboards represented the largest segment.

Environment conscious consumers have led to the augmenting demand for paper and paperboard packaging materials in the frozen food market. Sustainable and biodegradable, these materials align with the green initiatives of consumers seeking environmentally friendly options. Moreover, paper-based packaging solutions, such as cartons and boxes, cater to consumers looking for easy storage and portion control.

Plastics, on the contrary, are gaining widespread prominence due to their versatility and cost-effectiveness. They offer excellent barrier properties, ensuring the preservation of product freshness and preventing freezer burn. The popularity of single-serve frozen meals, especially among on-the-go consumers, has driven the demand for flexible plastic pouches and containers, making them a significant catalyst for market growth.

Moreover, the metal packaging materials, such as aluminum trays and cans, are growing primarily in the frozen seafood and meat segments. These materials provide excellent protection against external elements and offer high durability. The perception of metal packaging as a premium option also appeals to certain consumer segments seeking top-quality and long-lasting packaging solutions.

Breakup by Region:

  • 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
     

Europe exhibits a clear dominance, accounting for the largest frozen food packaging market share

The report has also provided a comprehensive analysis of all the major regional markets, which includes North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Russia, and Others); Europe (Germany, France, the United Kingdom, Italy, Spain, and Others); Latin America (Brazil, Mexico, and Others); and the Middle East and Africa. According to the report, Europe represented the largest market.

In Europe, the demand for frozen food packaging is fueled by several factors. The rise in busy lifestyles and the need for convenient meal options has led to an increased preference for frozen ready meals. As a result, the demand for packaging solutions that facilitate easy heating and consumption is on the rise. Additionally, the popularity of frozen meat and poultry products, combined with the need for sustainable packaging materials, has driven innovations in eco-friendly packaging options. North America's focus on food safety and stringent regulations has also led to advancements in packaging technology to ensure product quality and freshness throughout the supply chain.

Furthermore, the market in Asia Pacific is expanding due to shifting consumer preferences and increasing urbanization. As the region's middle-class population grows, there is a rising demand for convenient and time-saving meal solutions, boosting the consumption of frozen ready meals. The expanding working population and busy lifestyles have accelerated the demand for packaging options that offer ease of use and portion control. Moreover, the region's growing economy has increased disposable income levels, allowing consumers to explore premium frozen seafood and meat products, further driving the demand for high-quality, durable packaging solutions.

Competitive Landscape:

Top companies are strengthening market growth by implementing several strategies to meet consumer demands and industry trends. These companies are investing in research and development to create innovative packaging solutions, such as advanced barrier materials, eco-friendly packaging options, and convenient portion-sized packaging. They are also focusing on sustainability initiatives, using recyclable and biodegradable materials to align with growing consumer concerns about the environment. By adopting eco-friendly practices, these companies attract environmentally conscious consumers and contribute to reducing plastic waste and minimizing their carbon footprint. Furthermore, top companies are continuously improving packaging designs to enhance food preservation, freshness, and convenience. They are incorporating features like resealable closures and microwave-safe containers to reduce food waste and enhance consumer convenience. Through their commitment to innovation, sustainability, and meeting consumer needs, top companies are catalyzing market growth and maintaining a competitive edge in the industry.

The report has provided a comprehensive analysis of the competitive landscape in the frozen food packaging market. Detailed profiles of all major companies have also been provided.

  • Amcor plc
  • Berry Global Inc.
  • Cascades Inc.
  • Crown Holdings Inc.
  • Huhtamäki Oyj
  • ProAmpac
  • Smurfit Kappa Group plc
  • Sonoco Products Company
  • WestRock Company


Recent Developments:

  • Amcor acquired Bemis Company Inc., a major packaging company. This acquisition significantly expanded Amcor's product portfolio and global presence, strengthening its leading packaging solutions provider position.
  • Berry Global announced the acquisition of RPC Group plc, a leading plastic packaging supplier. This acquisition broadened Berry Global's product offerings and market reach, particularly in Europe.
  • Cascades announced the acquisition of Orchids Paper Products Company, a tissue products manufacturer in the United States. This acquisition allowed Cascades to expand its tissue paper business and strengthen its presence in North America.


Frozen Food Packaging Market Report Scope:

Report Features Details Base Year of the Analysis Historical Period - Forecast Period - Units US$ Billion Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: 
  • Type
  • Product
  • Material
  • Region
Types Covered Boxes, Bags, Cups and Tubs, Trays, Wraps, Pouches, Others Products Covered Ready Meals, Meat and Poultry, Sea Food, Potatoes, Vegetables and Fruits, Soups Materials Covered Plastics, Paper and Paperboards, Metals, Others Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico Companies Covered Amcor plc, Berry Global Inc., Cascades Inc., Crown Holdings Inc., Huhtamäki Oyj, ProAmpac, Smurfit Kappa Group plc, Sonoco Products Company, WestRock Company, etc. Customization Scope 10% Free Customization Report Price and Purchase Option Single User License: US$
Five User License: US$
Corporate License: US$ Post-Sale Analyst Support 10-12 Weeks Delivery Format PDF and Excel through (We can also provide the editable version of the report in PPT/Word format on special request)


Key Benefits for Stakeholders:

  • IMARC&#;s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the frozen food packaging market from -.

  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global frozen food packaging market.

  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.

  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the frozen food packaging industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Frozen Food Packaging Market

Description

The global frozen food packaging market size was estimated to be USD 37.6 billion in  and reach USD 69.24 billion in , registering a CAGR of 7.30% over the forecast period (-). Frozen food packaging preserves vitamins and minerals contained in the food without any use of preservatives. The demand for frozen food packaging has increased significantly due to the expansion in the food & beverages industry across the globe coupled with the fast-moving lifestyle. The demand for fresh and healthy food and ingredients is increasing substantially across the globe.

Factors Affecting the Frozen Food Packaging Market over the Forecast Period

The primary factors driving the global frozen food packaging market are the ease of consumption, less time for cooking, preservation of food&#;s nutritional values, and availability of varieties and product appeal.

The rise in the on-the-go consumer base coupled with increasing disposable income in emerging economies is another factor supporting the growth of the frozen food packaging market. Technological advancement in the packaging material, which includes introducing sustainable packaging, will further drive the market growth over the forecast period.

One major challenge for the frozen food packaging market is the high price for packaging raw materials. Common raw materials for food packaging are plastic bags, aluminum, steel, and copper. High prices affect both manufacturers and consumers, leading to a gap in demand and supply with continuous increases in price in raw materials.

Impact of COVID-19 on Frozen Food Packaging Market

Due to the COVID-19 pandemic, the demand for frozen food packaging has increased significantly. The market for frozen food has increased significantly, as the products that can be stored for a longer period have gained considerable traction amidst the pandemic. Moreover, during the initial period of the COVID-19 outbreak, various countries had implemented lockdown for at least a month, owing to which the online delivery of groceries and other food items have increased significantly. This includes the online delivery of frozen food, which has substantially increased the growth of the frozen food packaging market. Therefore, an overall modest growth can be expected in the frozen food packaging market value in .

Scope of the Report

The report outlines the global frozen food packaging market study based on material, packaging type, and application.

The frozen food packaging market has been segmented based on material &#;

  • Plastic

  • Metal

  • Paper & Paperboard

  • Others (Glass and Wood)

The frozen food packaging market has been segmented based on packaging type&#;

  • Bags & Pouches

  • Trays

  • Boxes & Cartons

  • Containers

  • Bottles & Jars

  • Others (Wraps)

The frozen food packaging market has been segmented based on application &#;

  • Fruits & Vegetables

  • Meat & Poultry and Seafood

  • Bakery Products

  • Others (Juice, Soup, Appetizers)

Frozen Food Packaging Market: Regional Outlook

The frozen food packaging market has been segmented into five geographical regions, namely, North America, Asia Pacific, South America, Europe, and the Middle East, and Africa. In , North America held the largest share in the global frozen food packaging market, followed by Europe and the Asia Pacific. North America is further estimated to dominate the frozen food packaging market during the forecast period. Moreover, Asia Pacific is expected to project the highest CAGR in the global market over the forecast period.

Key Global Frozen Food Packaging Market Competitors Includes

The frozen food packaging market is highly fragmented, with the presence of a large number of small players across the globe. The key frozen food packaging players operating in the global market include&#;

  • AEP Industries Inc.

  • Ajinomoto Co., Inc.

  • Amcor PLC

  • Anchor Packaging

  • Associated British Foods plc

  • Ball Corporation, Printpack Inc.

  • Conagra Brands, Inc.

  • Crown Holdings

  • General Mills, Inc

  • Genpack LLC

  • Graham Packaging Company

  • Graphic Packaging International Inc.

  • Grupo Bimbo

  • Leucadia National

  • McCain Foods Limited

  • Nestle S.A.

  • Packaging Corporation of America

  • Sealed Air Corporation

  • The Kraft Heinz Company

  • Tyson Foods, Inc

  • Unilever PLC

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  • WestRock Company.

The frozen food packaging market report thoroughly analyzes macro-economic factors and every segment's market attractiveness. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market players' presence in the respective segment and region/country. The information concluded in the report includes the inputs.

Frozen Food Packaging Market Report Covers Comprehensive Analysis On

  • Market Segmentation & Regional Analysis

  • Market Size of 10 years

  • Pricing Analysis

  • Supply & Demand Analysis

  • Product Life Cycle Analysis

  • Porter's Five Forces & Value Chain Analysis

  • Developed & Emerging Economies Analysis

  • PEST Analysis

  • Market and Forecast Factor Analysis

  • Market Opportunities, Risks, & Trends

  • Conclusion & Recommendation

  • Regulatory Landscape

  • Patent Analysis

  • Competition Landscape

  • 15+ Company Profiles

Frozen Food Packaging Market Regional Analysis Includes

  • North America (US, Canada, Mexico)

  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)

  • Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)

  • Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)

  • The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA

Frozen Food Packaging Market Target Audience

  • Frozen Food Packaging Manufacturers

  • Beverage Manufacturers

  • Bakery Manufacturers

  • Dairy Manufacturers

  • Meat, Poultry, and Seafood Processors

  • Processed Food Manufacturers

  • Raw Material Suppliers

  • Traders, Wholesalers, and Distributors

  • Governments, Associations, and Industrial Bodies

  • Investors and Trade Experts

Key Issues Addressed

  • What is the market size by various segmentation of the frozen food packaging by region and its respective countries?

  • What are the customer buying behavior, key takeaways, and Porter's 5 frozen food packaging market forces?

  • What are the key opportunities and trends for manufacturers involved in the frozen food packaging supply chain?

  • What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?

  • What and how regulations, schemes, patents, and policies are impacting the growth of the market?

  • What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?

  • What will be the impact of cutting-edge technology on the frozen food packaging market?

  • How has COVID-19 impacted the demand and sales of frozen food packaging in the global market? Also, the expected BPS drop or rise count of the market and market expected recovery period.

  • Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.

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