Market Size of United States Frozen Food Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Frozen Food Packaging Market Analysis
The United States Frozen Food Packaging Market is anticipated to register a CAGR of 6.4% over the forecast period (2021 - 2026). The emergence of the COVID-19 pandemic has significantly changed people's purchasing preferences. Frozen Foods have been a great example of this trend. Consumers are increasingly buying frozen foods for breakfast, lunch, and supper, as they provide convenience from preparing three meals a day. Also, according to a survey done by Food Industry Association and American Frozen Food Institute, the sector has grown significantly over the past year, with revenues increasing by around 21% in 2020 and volume increasing by over 13%.
- The majority of the consumers of frozen food products have preferred large retail stores, supermarkets, and hypermarkets for their purchases. Organized retail stores have been are a significant part of larger retail chains, having a huge presence in the market. The growth in the organized retail chain is translating directly into the demand for food packaging solutions in the frozen food industry.
- Moreover, packaging for frozen food products such as meat, poultry, and seafood are among the fastest-growing products among frozen food applications. Multiple large food packaging companies in the country are investing hugely in creative packaging.
- Further, the rapid growth in urbanization and changing lifestyle has significantly shifted consumer preference towards frozen products requiring lesser time for cooking. Also, the increase in the female working population and changes in family dynamics has increased the consumption of frozen food, thereby driving the growth of the market.
- Additionally, technological innovations, including improved designs to store, protect, and promote the product, have been playing a vital role in boosting the demand for frozen packaging for food. Various value-added features such as zippers, notches, and the use of graphics are further anticipated to drive the market's growth.
- For instance, in Mar 2020, Sonoco Products Company collaborated with Tellus, which is a packaging company in the United States, launched a sugarcane-based fiber bowl. The bowl was the first product launched by the company, which was a 100% sugarcane-based fiber bowl that can be used for refrigerated, prepared, and frozen foods. The fiber bowl was branded as Natrellis and was dual-ovenable, PFAS-free, and introduced as an alternative to the traditional rigid plastic packaging.
