Frozen Food Packaging Market Worth $47.37 billion Globally by 2023

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GLOBAL FROZEN FOOD PACKAGING MARKET
 Increase in female participation in the
workforce and changes in family dynamics has
increased the consumption of frozen food, thus
fueling the growth of the frozen food packaging
market.
GLOBAL OPPORTUNITY AND FORECAST 2023
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FROZEN FOOD PACKAGING MARKET ANALYST REVIEW
Increase in demand for frozen ready meals due to
increasing female participation in the workforce
and changing family dynamics in Asia-Pacific
region, accelerates the growth of the frozen food
packaging market. Eswara Prasad Team Lead,
Chemicals Materials at AMR
 
3
 
CURRENT AND FUTURE MARKET SCENARIO

• The global frozen food packaging market was
  valued at 33,231 million in 2016.
• The global frozen food packaging market  is
  projected to reach 47,376 million by 2023.
• The global frozen food packaging market
  registering a CAGR of 5.3 from 2017 to 2023. 
• Plastics-based frozen food packaging accounted
  for the highest market share and is expected to
  grow at the highest CAGR of 5.7.
• Frozen food packaging for ready meals accounted
  for the highest market share.

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TOP IMPACTING FACTORS TO MARKET GROWTH

• The rapid growth in urbanization and fast paced
  lifestyle.
• Increase in female participation in the workforce
  and changes in family dynamics.
• Wide on-the-go consumer base and growth in
  purchasing power in emerging economies.

Top Investment Pockets China is expected to be
the most attractive market for frozen food
packaging owing to the exponential increase in
the consumption of frozen food products. The
countrys frozen food packaging market is expected
to grow at the highest CAGR of 8.0 from 2017 to
2023.
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FROZEN FOOD PACKAGING MARKET SEGMENTATION

• BY TYPE
• Boxes
• Bags
• Cups Tubs
• Trays
• Wraps
• Pouches
• Others

• BY PRODUCTS
• Ready Meals
• Meat Poultry
• Sea Food
• Potatoes
• Vegetables Fruits
• Soups

• BY MATERIALS
• Plastics
• Paper Paperboards
• Metals
• Others (Glass and Wood)

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Frozen food packaging for ready meals accounted
for the highest market share.
Plastics-based frozen food packaging accounted
for the highest market share and is expected to
grow at the highest CAGR of 5.7.
7
 
GEOGRAPHICAL OVERVIEW

• Based on region, it is analyzed across North
  America, Europe, Asia-Pacific, and LAMEA.
• Europe generated the highest revenue, accounted
  for approximately two-fifths share of the market
  in 2016.
• North America frozen food packaging market is
  anticipated to grow at a CAGR of 4.4 from 2017
  to 2023.
• Asia-Pacific is expected to grow at the highest
  CAGR of 7.8, followed by LAMEA.

8
 
DOMINATING MARKET PLAYERS PROFILED IN THE STUDY

• Amcor Ltd.
• Ball Corporation
• Bemis Company Inc.
• Crown Holdings Inc.
• Graphic Packaging International Inc.
• International Paper Company
• Pactiv LLC
• Sealed Air Corporation
• Sonoco Products Company and WestRock Company.

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A Report Titled Frozen Food Packaging Market-
Opportunities And Forecasts, 2017 2023 has been
recently published by Allied Market Research. It
makes an In-depth Analysis of current trends,
drivers, and restraining factors that affect
Financial Ratios relevant to the industry.
Company profiles for key vendors in business
builds a comprehensive picture of profitable
opportunities from Stakeholders Perspective. To
Know More About Frozen Food Packaging Market-
Opportunities and Forecasts 2017-2023 https//www.
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Market Research
10
 
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