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Frozen Food Packaging Market Size

Report ID: GMI9071
Published Date: Apr 2024
Report Format: PDF

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Frozen Food Packaging Market Size

Frozen Food Packaging Market was valued at around USD 46.3 billion in 2023 and is anticipated to register a CAGR of over 5.6% between 2024 and 2032. The industry encompasses the creation, manufacturing, and supply of packaging specifically designed for frozen food items. It incorporates a variety of packaging types, materials, and formats to ensure the preservation, safety, and ease of use for customers across diverse frozen food categories worldwide. Propelled by the growing need for easy food options, expansion of global food commerce, and advancements in packaging technology, the frozen food packaging sector offers enormous opportunities. It comprises a range of packaging options designed to effectively move frozen food products throughout various global markets while preserving and protecting them.

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The frozen food packaging sector is primarily influenced by shifting consumer lifestyles and technological progress. Initially, increasing demand for convenience foods due to busier lifestyles has fueled significant growth in the frozen food industry, prompting a greater demand for inventive and effective packaging solutions. Furthermore, advancements in packaging technologies such as vacuum packaging, intelligent packaging systems, and modified atmosphere packaging have improved the shelf life, safety, and quality of frozen food products, driving the adoption of specialized packaging solutions within the market.

Frozen Food Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2023
Frozen Food Packaging Market Size in 2023:	USD 46.3 billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	5.6%
2032 Value Projection:	USD 75.6 billion
Historical Data for:	2018 to 2023
No. of Pages:	350
Tables, Charts & Figures:	530
Segments covered:	Packaging Type, Material Type, Application
Growth Drivers:	Increasing demand for convenience foods Rising popularity of frozen food items across various demographics and geographies Technological advancements in packaging materials and designs Increasing awareness about environmental issues prompts consumers and businesses to seek sustainable packaging solutions
Pitfalls & Challenges:	Maintaining product quality and safety Meeting stringent food safety regulations and packaging standards imposed by regulatory authorities presents challenges for manufacturers

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Legal compliance and environmental concerns rank among the frozen food packaging industry's two main obstacles. There is a rising need for eco-friendly packaging due to concerns about how to dispose of plastic trash and heightened environmental awareness. Finding a balance between food preservation and the use of environmentally friendly packaging materials may be challenging. Also, strict regulations governing food safety, labelling, and packaging requirements need ongoing compliance and adjustment, especially when it comes to international trade where different countries have different rules, complicating supply chains and packaging procedures. Collaboration throughout the sector and innovative ideas are needed to get past these challenges.

Authors: Suraj Gujar, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size for frozen food packaging was valued at USD 46.3 billion in 2023 and is set to reach USD 75.6 billion by 2032, driven by growing need for easy food options and expansion of global food commerce.

The plastic material segment held 48.7% of the frozen food packaging industry share in 2023 and is set to hold a revenue share of 50% by 2032, owing to its affordability and adaptability.

North America frozen food packaging market size was USD 20.7 billion in 2023 and is set to reach USD 33.3 billion by 2032, driven by the increasing favor for frozen foods and busy lifestyles.

Amerplast Ltd, Alto Packaging, Amcor PLC, American Packaging Corporation, Berry Plastics Group Inc., International Paper Company, MOD-PAC Corporation, Sealed Air Corporation, and Sealstrip Corporation among others.