The global frozenfood packaging market size was valued at USD 10.84 billion in 2023. Themarket is 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 isused to preserve food products from the time of their production to the time of
their consumption. The increasing industrialization, busy lifestyles, and the
growing advancement in emerging countries are raising the demand for ready-to-eat
products, driving market growth.
The COVID-19 pandemic impededthe market due to lockdown restrictions. However, increased demand for frozen
packaged food owing to its longevity for freshness bolstered market growth.
FortuneBusiness Insights™ mentions this in a report titled, “Frozen Food Packaging Market, 2024-2032.”
Segments
Plastic Segment to Lead the Market as it Offers ExcellentBarrier Properties
Based onmaterial, the market is classified into plastic, paper & paperboard, aluminium,
and others. The plastic segment holds the largest frozen food packaging market
share. The segment’s growth is attributed to the excellent barrier properties of
plastic material, ensuring the preservation of the freshness of food products.
Growing Adoption by Manufacturers to Propel Flexible SegmentExpansion
Bypackaging type, the market is categorized into rigid and flexible. The flexible
segment leads the market and holds a dominant share. The segment’s growth is
attributed to manufacturers' growing adoption of flexible packaging products
owing to their properties, which include being lightweight, cost-effective, and
sustainable.
Report Coverage
The report offers:
· Majorgrowth drivers, restraining factors, opportunities, and potential challenges
for the market.
· Comprehensiveinsights into regional developments.
· Listof major industry players.
· Keystrategies adopted by the market players.
· Thelatest industry developments include product launches, partnerships, mergers,
and acquisitions.
Drivers & Restraints
Growing Food Waste Awareness to Propel Market Expansion
Increasingawareness regarding decreasing food waste is creating a positive outlook,
further driving the frozen food packaging market growth. The increasing
anxiousness of the customers is related to the environmental impacts of
excessive food wastage, and seeking ways to decrease food wastage drives the market's
growth.
