The frozen food packaging market is estimated to be valued at USD 900 million in 2023 and is rising to USD 2.0 billion by 2033. Sales of frozen food packaging are likely to grow at a CAGR of 8.3% during the forecast period. The following factor propelling the market size are:
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The manufacturers are increasing the adoption of sustainable packaging with novel technology to provide different frozen food packaging formats. Manufacturing companies are developing better materials to protect food items, such as using premium quality paper in the food sector.
Small-sized businesses maintain food quality and increase the demand for frozen food packaging. Moreover, the focus on biodegradable materials to secure the environment, such as paper-based frozen food packaging, is growing market expansion. Customized applications and growing awareness of actual food packaging are increasing global market opportunities.
Attributes | Details |
---|---|
Market CAGR (2023 to 2033) | 8.3% |
Market Valuation (2023) | USD 900 million |
Market Valuation (2033) | USD 2.0 billion |
According to Future Market Insights, the global frozen food packaging market is projected at a healthy 8.3% CAGR during the forecast period. Historically, the market registered a CAGR of 12.2% between 2017 to 2022.
The consumers shifting preferences from traditional to quick meal cooking are increasing the adoption of frozen food packaging during the forecast period. The benefits of easy and fast cooking trends are surging the market growth. Growing demand for processed foods and adopting western culture are expanding the sales of frozen food packaging.
The recent analysis indicates a monumental rise in demand and consumption of frozen foods. The demand for easy-to-cook foods offers maximum convenience to the final consumer. The factors mentioned above are anticipated to result in the growing market popularity of frozen foods in all parts of the world. In addition, increased awareness regarding food wastage boosted the market opportunities during the forecast period.
Segments | Material Type |
---|---|
Top Category | Plastic |
Historic CAGR | 12% |
Forecast CAGR | 7.8% |
Segments | Packaging Type |
---|---|
Top Category | Rigid |
Historic CAGR | 11% |
Forecast CAGR | 7.4% |
The plastic category leads the material type segment by capturing a CAGR of 11% during the forecast period. The key producers of frozen food packaging use various materials, but plastic offers them a wide range of options. Some of these are polypropylene, polyethylene, and many others to choose from per their needs. Moreover, using plastic for producing frozen food packaging increases the profit margin of the manufacturers.
Plastic is cost-effective in comparison with aluminum, glass, and other materials. Thus, the flexibility and easy availability make plastic the most preferred material for producing frozen food packaging worldwide. Historically, the global sales of plastic frozen food packaging captured a 12.2% CAGR between 2017 to 2022.
Rigid packaging is leading the market by accounting for a CAGR of 7.4% during the forecast period. The increasing demand for rigid packaging for frozen food to maintain the quality of food items propels market expansion. The manufacturers develop different types and shapes of rigid packaging per consumers' demand.
The increasing advanced technology and sustainable packaging solution are increasing the adoption of rigid packaging during the forecast period. The adoption of rigid packaging by the end user as it easily transferred from one place to another without any harm and hassle. Customized and long last packaging for food items is increasing the demand for rigid packaging. Historically, rigid packaging captured a CAGR of 11% between 2017 to 2022.
Modern-day advancements across the food industry have resulted in the introduction of ready-to-eat foods. The trends of on-the-go consumption patterns increase consumers' demand for food & beverages to be consumed at their convenience. The increasing market popularity of fast foods and pre-cooked foods across the globe fuels the demand for frozen food packaging. Thus, the ready-to-eat foods segment secured 1/3rd of the total sales of frozen food packaging globally in 2022.
Country | United States |
---|---|
CAGR (2017 to 2022) | 11.8% |
CAGR (2023 to 2023) | 8.1% |
Valuation (2023 to 2033) | USD 708.6 million |
Country | United Kingdom |
---|---|
CAGR (2017 to 2022) | 10.8% |
CAGR (2023 to 2023) | 7.4% |
Valuation (2023 to 2033) | USD 84.2 million |
Country | China |
---|---|
CAGR (2017 to 2022) | 11.4% |
CAGR (2023 to 2023) | 7.7% |
Valuation (2023 to 2033) | USD 143.5 million |
Country | Japan |
---|---|
CAGR (2017 to 2022) | 10.3% |
CAGR (2023 to 2023) | 6.8% |
Valuation (2023 to 2033) | USD 117.3 million |
Country | South Korea |
---|---|
CAGR (2017 to 2022) | 8.9% |
CAGR (2023 to 2023) | 6.1% |
Valuation (2023 to 2033) | USD 69 million |
The United States is estimated to capture a CAGR of 8.1% with a valuation of USD 708.6 million during the forecast period. According to The Centers for Disease Control and Prevention (CDC), there are more than 48 million cases of food-related illness annually. In addition, the alarming range of food wastage across the United States is creating huge awareness to increase the adoption of frozen food packaging. The food waste estimates in the country reach around USD 165 billion each year.
The presence of frozen food manufacturers with increased consumption of frozen foods among all age groups of consumers raises United States market opportunities, accounting for over 4/5th of the total frozen food packaging sold in North America in 2022. The United States frozen food packaging market historically captured a CAGR of 11.8% between 2017 and 2022.
The United Kingdom is estimated to secure a CAGR of 7.4% with a valuation of USD 84.2 million during the forecast period. The latest data from the Centre for the Promotion of Imports shows that the United Kingdom is the leading importer of frozen vegetables in Europe. Moreover, The United Kingdom's import of frozen vegetables in substantial quantities across the globe is expanding the market share.
The popularity of easy-to-prepare foods with replacement of food of animal origin with vegetable alternatives increases the market growth. The growing number of vegetarian and vegan food across Europe drives the United Kingdom's frozen food packaging market size.
The major, small, and medium-sized players are engaged in offering sustainable packaging products for frozen food products. Due to rising environmental concerns, the United Kingdom market manufacturers are adopting rigid packaging solutions for better shelf-life for food items. Historically, the United Kingdom captured a CAGR of 10.8% between 2017 to 2022.
China is estimated to capture a CAGR of 7.7% with a valuation of USD 143.5 million during the forecast period. The rising population, quality products, awareness of food wastage, and increased adoption of frozen food packaging in China. The increasing foodborne and spoilage is influencing the China market opportunities.
The consumers of China prefer the consumption of frozen food packaging due to its premium quality and easy-to-cook trends. Moreover, the rising demand for frozen meat and other items is expanding China's frozen food packaging market size. According to the National Bureau of Statistics of China, frozen food packaging raised around 30% in the historic period in 2018.
The rising numbers of present marketers and new entrances drive market expansion. These players continue to start freezing different food items with their latest innovative skills and expanding market size. Historically, China captured a CAGR of 11.4% between 2017 to 2022.
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Key frozen food packaging manufacturers focus on offering recyclable packaging products and entering into collaborations. These players are adopting innovative technology to maintain food quality for a long time. The prominent vendors are using several marketing tactics to increase the market.
Prominent players in the market are:
Recent Developments in the Frozen Food Packaging Market
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2017 to 2022 |
Market Analysis | USD billion for Value |
Key Countries Covered | United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa |
Key Segments Covered | Material Type, Packaging Type, Food Type, Region |
Key Companies Profiled | Mondi Group; Ampac Holdings, LLC; Amcor Plc; International Paper Company; KOROZO Ambalaj San.ve Tic A.S.; Sealstrip Corporation; Sonoco Products Company; Alto Packaging; Sealed Air Corporation; Huhtamaki Group; MOD-PAC Corp; WestRock Company; Tray-Pak Corporation; Uflex Limited.; Amerplast Ltd. |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The overall market might follow a y-o-y growth rate of 8.3% through 2033.
The global market size is estimated to be around USD 900 million in 2023.
Growing preference for quick meal cooking is driving the overall market.
The rigid packaging segment is expected to progress at 7.4% CAGR through 2033.
The United States market is forecasted to expand at an impressive 8.1% CAGR through 2033.
1. Executive Summary | Frozen Food Packaging Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Material Type 5.1. Plastic 5.1.1. Polyethylene 5.1.2. Polypropylene 5.1.3. Ethyl Vinyl Acetate 5.1.4. Polyvinyl Chloride 5.1.5. Polyvinylidene Chloride 5.1.6. Polystyrene 5.1.7. Polyethylene Terephthalate 5.2. Aluminum 5.3. Paper and Paperboard 5.4. Tempered Glass 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Packaging Type 6.1. Rigid 6.1.1. Boxes 6.1.2. Tubs & Cups 6.1.3. Cans 6.1.4. Trays 6.2. Flexible 6.2.1. Pouches 6.2.2. Bags 6.2.3. Films 6.2.4. Others 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Food Type 7.1. Ready-to-Eat Products 7.2. Fruits and Vegetables 7.3. Meat, Poultry, & Seafood 7.4. Dairy Products 7.5. Others 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. Middle East & Africa (MEA) 9. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Mondi Group 18.2. Ampac Holdings, LLC 18.3. Amcor Plc 18.4. International Paper Company 18.5. Sealstrip Corporation 18.6. Sonoco Products Company 18.7. Alto Packaging 18.8. Sealed Air Corporation 18.9. Huhtamaki Group 18.10. MOD-PAC Corp 18.11. WestRock Company 18.12. Tray-Pak Corporation 18.13. Uflex Limited. 18.14. Amerplast Ltd. 19. Assumptions & Acronyms Used 20. Research Methodology
Food and Beverage
September 2023
REP-NF-243
315 pages
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