Frozen food packaging market in the US expected to reach over $9 billion by 2019, says Technavio

Renewable energy

 

The market size and forecast for frozen food packaging in the US. Segmentations by boxes, bags, tube and cups, wrap, and pouches. Analysis of the key trends and drivers impacting this market. The leading market vendors analyzed in this report include Graphic Packaging, Printpack, Sealed Air, and WestRock.

Technavio’s market research analysts estimate the frozen food packaging market in the US to grow at a CAGR of around 4% between 2015 and 2019. Customer convenience is a key factor driving the frozen food packaging market in the US. Most frozen food packaging designs, such as zippers, pouring spouts, peel-off lids, and microwavable pouches provide consumers the convenience of disposing products effectively after use. Flexible packaging products are becoming increasingly popular in the US market owing to low GHG emissions and reduced energy consumption during their manufacturing process.

The new market research report from Technavio provides a breakdown and analysis of the frozen food packaging segments by technology.

“Pouch packaging is increasingly gaining grounds in the frozen food packaging market in the US. The vendors are offering pouches made of multi-level laminates that maintains the sterile packaging of different foods and beverages. Besides being lightweight and easy to use, pouch packaging helps to maintain safety and product freshness. Of late, several frozen food packaging companies have started using retort pouch packaging as it provides scope for the creation of new designs and sizes. Also, it can be customized as per the demand from consumer goods manufacturers,” say Sriram Mohan, Lead Analyst, Transport & Logistics, Technavio Research.

The meat, poultry, and seafood segment dominates the US’ frozen food packaging market, accounting for around 33% of the total market share. Much of this segment’s growth comes from the high demand for plastic films in the packaging of these products. Also, this segment’s growth can be attributed to a shift toward case-ready packaging solutions to minimise the labor costs.

The key players in the frozen food packaging market in the US include Graphic Packaging, Printpack, Sealed Air, and WestRock. The growing popularity of sustainable packaging presents an attractive opportunity for the leading vendors of this market. Over the next four years, significant investments in R&D are anticipated from the leading vendors in this market. Vendors are predicted to invest in R&D to develop packaging materials that have the ability to be recycled and are friction, moisture, and heat-resistant.

A more detailed analysis is available in the Technavio report, Frozen Food Packaging Market in the US 2015-2019.

We can customize reports by other regions and specific segments upon request.

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