The global frozen food packaging market size was valued at USD 10.84 billion in 2023. The market 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 is utilized to preserve 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:
https://www.fortunebusinessinsights.com/frozen-food-packaging-market-109236
The market was negatively impacted by the 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 Business Insights™ mentions this in a report titled, “Frozen Food Packaging Market, 2024-2032.”
Segments
Plastic Segment Dominates the Market Due to its Cost-Effectiveness and Versatility
By material, the market is segmented 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, restraining factors, 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 to Propel Market Growth
The rising demand for sustainable and 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.