Market Size of Europe Frozen Food Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Frozen Food Packaging Market Analysis
The Europe Frozen Food Packaging Market has been valued at USD 52.59 Billion in 2020 and is expected to grow at a CAGR of 6% during the period 2021-2026.The Covid-19 pandemic resulted in a growing demand for frozen food packaging in the region, due to new or heightened hygiene and consumer-safety concerns, and the drive for redefined sustainability. Technological innovation, sustainability trepidations, and attractive economics are the major factors driving the growth of innovative and more sustainable, frozen food packaging. Also, the increasing market demand for customer-friendly packages and heightened product protection are expected to drive the growth of the market in Europe.
- The major categories of packaged food are bakery products and frozen processed food. Some of the emerging categories in this sector are frozen ready to eat foods. Storage life can be extended notably by making storage temperatures colder.
- Consumer's expectations of food quality are rising. There is an increase in the frozen food packaging market with the consumer appreciation of the product quality. With the growth in the economy and changing lifestyles there is an increased demand for frozen food packaging in Europe and the market is expected to grow lucratively during the forecast period.
- New packaging technologies, such as active packaging, intelligent packaging, and engineering science, have evolved over the years, which enables flexible packaging of food products. Companies are adopting eco-friendly packaging by using biodegradable packaging material which can be recycled, renewed, and reused.
- However, the market is anticipated to remain highly regulated with agencies such as the European Commission imposing stringent regulations regarding the use of food packaging types and food contact materials and slow growth of packaged food market is hampering the market growth.
