Market Size of Frozen Food Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.18 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Frozen Food Packaging Market Analysis
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.
