(MoneyNewsWire.Net, November 14, 2017 ) According to the report Frozen Food Packaging Market, published by Market Data Forecast, the Global market is projected to reach USD 61.32 million by 2022, at a CAGR of 4.72% from 2017 to 2022.
The use of frozen food is on the rise due to increasing trend for ready to cook food products and the benefits offered by frozen food like longer shelf life, retention of nutritional elements and less time consumption for cooking than the conventional home-cooked meal. There are different type of packaging methods and packaging materials used for packing frozen foot to suit different types.
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Frozen Food Packaging Market: Drivers & Restraints
Major factors contributing to the growth of market are increasing preference towards frozen food products, changing lifestyles and dietary habits, increasing urbanization and increasing demand for high quality food. Also, factors like increasing disposable income and product innovation are assisting in the growth of market.
But, factors like high cost of equipment, consumer scepticism and lack of skilled professionals are hindering the growth of market.
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Frozen Food Packaging Market: Segmentation
• Readymade meals
• Meat, Poultry and sea food
• Fruits and Vegetables
• Baked goods
By Packaging product type
• Tubs and Cups
• North America
o United States
o South Korea
• Latin America
o Rest of Latin America
• Middle East & Africa
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Frozen Food Packaging Market: Overview
Currently, on the basis of material, plastic holds the major share in the market due to its affordability over other materials and its easy handling. Plastic being malleable can be made into many shapes and sizes to suit for different type of food products. Based on food, readymade meals are the products occupying the major share in the market due to shifting lifestyles and dietary habits.
Regionally, North America dominated the Frozen Food Packaging market due to large urban population base and preference for frozen ready to cook products and fast foods. Asia Pacific is expected to grow the fastest due to growing awareness and increasing adoption rate of frozen food products.
Frozen Food Packaging Market: Key Players
Some of the key players dominating the Frozen food packaging market are Printpack, Inc., Pactiv LLC, Amcor Ltd, Ball Corporation, Crown Holdings, Inc., Sealed Air Corporation, Bemis Company, Inc., Tetra Pak International, WestRock Company, Graphic Packaging International Inc., FLAIR flexible packaging corporation, Graham Packaging and Huhtamaki N.A.
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