This market research report includes a detailed segmentation of the global frozen food packaging market by food type (meat, poultry, and seafood; frozen specialities; fruits and vegetables; baked goods; and others) and by packaging product (boxes, bags, tubs and cups, trays, wraps, pouches, and others). It also outlines the market shares for key regions like APAC, Americas, and EMEA. The leading vendors analyzed in this market study are Amcor, Crown Holdings, Genpack, Ball, Graham, and Pactiv.
Technavio’s market research analysts estimate the global frozen food packaging market, to grow at a CAGR of around 5% between 2016 and 2020. Innovative packaging solutions are gaining prominence in the frozen food industry, owing to the rising need to reduce food waste, and increase the shelf life of food products that are sensitive to changes in environmental conditions. EMEA is the dominating region in the frozen food packaging market, accounting for 37% of the total market share. Rising demand for plastic films and increasing use of stand-up pouches in this region are boosting the growth of frozen food packaging in this region.
The new market research report from Technavio provides a breakdown and analysis of the frozen food packaging segments by technology.
“Pouch packaging is the latest trend gaining popularity in the frozen food packaging market. Pouches have multi-level lamination that maintain sterile packaging of different foods and beverages. Pouch bags are safe, compact, lightweight and ensure product freshness. Several frozen food packaging companies have started the use of retort pouches, owing to growing demand for customization and new designs,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research.
Meat, poultry and seafood is the most popular segment in the frozen food market, and is expected to occupy 34% of the overall market share by 2020. People are increasingly preferring packed meat, poultry, and seafood products, owing to the growing trend towards ready-to-eat packaged products. This segment has occupied a huge market share, owing to the high demand for plastic films in the packaging of these products and a shift toward case-ready packaging solutions.
The leading vendors in the global frozen food packaging market include Amcor, Crown Holdings, Genpack, Ball, Graham, and Pactiv. Providers in the frozen food packaging market actively measure customer preferences to understand the market requirements. Due to an increase in the demand for fresh food products, vendors have a huge scope for innovation in the field of packaging products. However, fierce competition among the vendors will hurt the pricing of products and profit margins of manufacturers.
A more detailed analysis is available in the Technavio report, Global Frozen Food Packaging Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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