The global frozenfood packaging market size was valued at USD 10.84 billion in 2023. The marketis projected to grow from USD 11.38 billion in 2024 to USD 17.20 billion by 2032,
exhibiting a CAGR of 5.16% during the forecast period.
Frozen food packaging is utilized topreserve the food products from their preparation to consumption. The growing
adoption of automated packaging to improve the efficiency of packaging systems
is driving market expansion. Frozen food packaging raises the shelf life of
perishable products, and the increasing investment in freezing methods in the
packaging industry drives market expansion.
Source:
The market was negatively impacted bythe COVID-19 pandemic as there were lockdowns and curfews by the governments in
all regions. However, rising demand for frozen food due to its high shelf life
boosted market growth during the pandemic.
Fortune BusinessInsights™ mentionsthis in a report titled, “Frozen FoodPackaging Market, 2024-2032.”
Segments
Plastic Segment Dominates the Market Due to its Cost-Effectiveness andVersatility
By material, the market issegmented into plastic, paper & paperboard, aluminium, and others. The
plastic segment accounts for the largest frozen food packaging market share
owing to the large prominence of plastic due to its versatility and
cost-effectiveness.
Report Coverage
The report provides major growth drivers, restrainingfactors, opportunities, and potential challenges for the market. It offers
comprehensive insights into regional developments, a list of major industry
players, key strategies adopted by market players, and the latest industry
developments, including product launches, partnerships, mergers, and
acquisitions.
Drivers & Restraints
Rising Demand for Sustainable and Eco-Friendly Packaging Materials toPropel Market Growth
The rising demand for sustainableand eco-friendly packaging materials delivers opportunities as consumers become
more concerned about the environment, and seeking packaging solutions drives
the frozen food packaging market growth.
