Frozen Food Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The frozen food packaging market was valued at USD 41.53 million in 2020 and is expected to reach a value of USD 56.2 million by 2026, at a CAGR of 5.18% over the forecast period (2021 - 2026). Recently, according to consumers convenience, frozen food packaging provides features like the packings are lightweight, unbreakable, and resealable, lower fossil fuel usage, and is also capable of greenhouse gas emissions, water usage for creating an eco-friendly environment.

• Majority consumers of frozen food products prefer large retail stores, supermarkets, and hypermarkets. Organized retail stores are a significant part of large retail chains, that have a huge presence in the global market. The growth in the organized retail chain is translating directly into the demand for food packaging solutions in the frozen food industry.
• For instance, Walmart is expected to host more than 11,000 stores, worldwide, and Amazon Go. Amazon is expected to open more than 3,000 cashier-less stores by 2021. Hence, the frozen food packaging market is expected to flourish.
• Consumers are also switching to frozen food to reduce the amount of waste they create, as a study in the British Food Journal showed that families reduced their food waste by over 47% by switching to frozen food.
• As packaging for frozen specialties like meat, poultry, and seafood are the fastest gains among major frozen food applications. Many large food packaging companies in North America and Asia-Pacific are investing hugely for creative and decorative packaging.
• However, the government packaging laws regulations in most of the developing and developed countries stand as a challenging factor for the market.

Scope of the Report

Frozen food packaging helps to preserve food from the time it is prepared to the time it is eaten.  The frozen food packaging helps to maintain original color, flavor, and texture and generally more of their nutrients than foods preserved by other methods. Mostly, fruits and vegetables, meat, and seafood, frozen desserts, and ice creams, baked goods that are packaged in bags, boxes, tubs and cups, trays, wrappers, and pouches. 

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Key Market Trends

Bags Packaging Type to Account for a Major Share in the Market

• Various factors, such as changing lifestyle, increasing disposable income, and rapid urbanization in developing countries, especially the growing middle-income population, are increasing the demand for bags for frozen food. In the United States, the growing adoption of freezer bag has increased the growth of the frozen food packaging market.
• Plastic bags are available in different sizes and shapes. It offers several benefits, such as the ability to tolerate temperatures, and technical advantages, which is further fuelling the demand for bags in frozen food packaging. 
• Ziploc bag is an important example of bag packaging. This type of bag is available in various sizes and can be used for storing meat and dairy food. For instance, dairy products can be frozen in freezer bags, as these are ideal for short-term usage and saving space. Another major trend being followed is customizing the product based on client requirements.

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