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2022

Frozen Food Packaging Market

Frozen Food Packaging Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Boxes, Bags, Cups And Tubs, Trays, Wraps, Pouches, Others), by Product (Ready Meals, Meat And Poultry, Sea Food, Potatoes, Vegetables And Fruits, Soups), by Material (Plastics, Paper And Paperboard, Metals, Others): Global Opportunity Analysis and Industry Forecast, 2020-2031

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Author's: Vidit Gite | Roshan Deshmukh
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Frozen Food Packaging Market Research, 2031

The global frozen food packaging market was valued at $38,826.20 million in 2020, and is projected to reach $63,980.50 million by 2031, growing at a CAGR of 5.03% from 2022 to 2031.

 

The rapid growth in urbanization and fast-paced lifestyle have shifted the preferences of consumers towards frozen food products, which requires less time for cooking than the traditional home cooked meal. Increase in female participation in the workforce and changes in family dynamics have increased the consumption of frozen food, thus fuelling the growth of the frozen food packaging market. Moreover, rise in “on-the-go” consumer base and growth in purchasing power in emerging economies, such as India, and China, further boost the market. Rise in demand for attractive, innovative, and convenient-to-carry packaging for differentiating the product from the rest is also expected to increase frozen food packaging market demand. 

Rise of women participation in the labour force in emerging markets drives the need for convenience foods and beverages. Eating alone at work place at non-fixed mealtimes is becoming more common, due to changed eating habits, attitude toward cooking, and busy lifestyles. Thus, lack of time and change in family dynamics have led to higher consumption of frozen ready meals, as they require less preparation time as compared to cooking meals at home. Moreover, sufficient availability of packaged ready-to-eat foods, bakery, and desserts in the food service industry fuels the growth of the frozen food packaging market size.  

The Asia-Pacific market is undergoing transition from traditional homemade cooked meals to frozen food, due to rise in number of female working population. Growth in popularity of fast-food chains, especially in India, China, Thailand, Vietnam, and others fuels the demand for frozen meat, seafood, vegetables, fruits, and potatoes as compared to the developed markets, which further boosts the growth of the frozen food packaging industry. Emerging economies, thus, possess high potential for the expansion of the of the frozen food packaging market, thereby, driving the market growth. Swift economic growth, increase in incomes, and busy life style enforce consumers to adopt frozen foods, as individuals begin to prioritize convenience over price. Thus, surge in disposable incomes among individuals, particularly in the developing economies, such as India, and China, further propels the of the frozen food packaging market growth.

However, lower sales of frozen food in various developing countries due to negative consumer perception of packaged foods and low market penetration impede the market growth. Freezing food items is a safety measure taken to preserve food for longer duration. During the process of freezing, ice crystals are formed in food products, which affects the food structure and food efficacy. This in turn, has a negative effect on consumers buying option, leading to change in the perception towards frozen food. In addition, frozen food is perceived as less nutritious as compared to fresh food. Furthermore, the addition of preservatives and other chemicals is perceived as a negative trait in frozen food ecosystem. All these factors lower the sales of frozen foods, thereby, restraining the growth of the market.

 

Segment Review

The frozen food packaging market is segmented on the basis of type, product, material, and geography. On the basis of type, the market is divided into boxes, bags, cups & tubs, trays, wraps, pouches, and others. On the basis of product, it is classified into ready meals, meat & poultry, sea food, potatoes, vegetables & fruits, and soups. On the basis of material, the market is categorized into plastics, paper & paperboards, metals, and others (glass and wood). On the basis of geography, the market is analysed across North America, Europe, Asia-Pacific, and LAMEA.

Frozen Food Packaging Market by Type

The frozen food packaging market mainly composes of boxes, bags, cups & tubs, trays, wraps, pouches, and others. Boxes accounts for major market share in terms of revenue and volume, followed by bags and trays. Bags are expected to witness fastest growth rate during the frozen food packaging market forecast period.

Frozen Food Packaging Market by Product

By product, the ready meals segment is leading the  frozen food packaging market share. However, the vegetables and fruits segment is the fastest growing segment owing to increased advancements in technologies and improved R&D among food manufacturers. Asia-Pacific and Europe collectively accounted for about 50% of share of the market in 2021.

Frozen Food Packaging Market by Material

By material, the paper and paperboard segment dominate the market. However, metals segment is anticipated to be the fastest growing segment during the forecast period.

The key players profiled in the report include Amcor Ltd., Ball Corporation, Bemis Company, Inc., Crown Holdings, Inc., Graphic Packaging International, Inc., International Paper Company, Pactiv LLC, Sealed Air Corporation, Sonoco Products Company, and WestRock Company. The other key market players (not profiled in this report) in the value chain include American Packaging Corporation, Berry Plastics, Caraustar Industries, CM Packaging, Emmerson Packaging, Flair Flexible Packaging Corporation, Graham Packaging Company Huhtamaki N.A., LINPAC Group, and Sabert Corporation.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the frozen food packaging market analysis from 2020 to 2031 to identify the prevailing frozen food packaging market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and frozen food packaging market opportunity.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the frozen food packaging market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global frozen food packaging market trends, key players, market segments, application areas, and market growth strategies

Frozen Food Packaging Market Report Highlights

Aspects Details
Frozen Food Packaging Market By Type
By Type
  • Boxes
  • Bags
  • Cups And Tubs
  • Trays
  • Wraps
  • Pouches
  • Others
Frozen Food Packaging Market By Product
By Product
  • Ready Meals
  • Meat And Poultry
  • Sea Food
  • Potatoes
  • Vegetables And Fruits
  • Soups
Frozen Food Packaging Market By Material
By Material
  • Plastics
  • Paper And Paperboard
  • Metals
  • Others
Frozen Food Packaging Market By Region
By Region
  • North America 
  • Europe 
  • Asia-Pacific 
  • LAMEA 
Key Market Players
Key Market Players

PACTIV LLC, Ball Corporation, GRAPHIC PACKAGING INTERNATIONAL, INC, CROWN HOLDINGS, INC., WESTROCK COMPANY, Sonoco Products Company, INTERNATIONAL PAPER COMPANY, SEALED AIR CORPORATION, BEMIS COMPANY, INC., Amcor Ltd.

Analyst Review

Frozen food products are packaged in boxes, bags, cups & tubs, trays, wraps, pouches, and others to extend shelf life, maintain nutritional content, and for convenient use. These packages are made of plastics, paper & paperboard, metals, glass, and wood, which provide high resistance to abrasion and reduce damage due to vibration, impacts, and shocks during transportation.

Europe is the largest market for frozen food followed by North America, occupying the second position, with significant demand for ready meals and meat products. This leads to a consistent growth of frozen food packaging in these regions. Whereas, the Asia-Pacific market is undergoing transition from traditional homemade cooked meals to frozen food. This is due to the rise in number of females working outside home. Moreover, growth in popularity of fast food chains, in India, China, Thailand, Vietnam, and others, creates a huge demand for frozen meat, seafood, vegetables, and fruits, which in turn, drives the growth of the frozen food packaging market. Also, rise in prices and insufficient supply of fresh food in Middle East countries, such as Egypt, Saudi Arabia, UAE, Iran, and others is the primary factor leading to the higher consumption of frozen food, which accelerate the market growth.

Innovative packaging solution, such as hanging holes, sealable zippers, tear notch, and others for product differentiation are anticipated to have a positive impact on the market growth.

Author Name(s) : Vidit Gite | Roshan Deshmukh
Frequently Asked Questions?

The global frozen food packaging market was valued at $39,855.1 million in 2021, and is expected to reach $63,980.5 million by 2031.

The forecast period in the market report would be 2022-2031.

The market value of frozen food packaging market in 2021 is $39,855.09 million.

The year 2021 is base year calculated in the frozen food packaging market report.

Rising adoption of eco-friendly materials and contribution towards sustainability are the key trends in the frozen food packaging market report.

The key players profiled in the report include, Amcor Ltd., Ball Corporation, Bemis Company, Inc., Crown Holdings, Inc., Graphic Packaging International, Inc., International Paper Company, Pactiv LLC, Sealed Air Corporation, and others.

According to the market players, the major obstacles faced by them during the COVID-19 pandemic included, the disruption of the supply chain and restrictions in manufacturing capacity. Interruptions in frozen food packaging market trends are expected to set back in next couple of years.

Europe will dominate the market by the end of 2031.

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Frozen Food Packaging Market

Global Opportunity Analysis and Industry Forecast, 2020-2031