Frozen Food Packaging Supplier Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers And Forecast To 2021
Summary
Frozen Food Packaging Supplier Market Segments, Size, Trends, Analysis, Statistics| information by Packaging type (boxes, bags, tubs & cups and others) by Application (Meat, poultry & seafood, fruits & vegetables, baked products others) and by Region - Forecast to 2021
Frozen Food Packaging Supplier Market Overview
The global Frozen Food Packaging Supplier Market could expect to garner a robust CAGR during the forecast period (2016-2021), asserts Market Research Future (MRFR).
Growth Boosters and Top Challenges
The surge in the consumer demand for ‘value for money’ is having a positive impact on the global Frozen Food Packaging Supplier Market. The shelf life, as well as quality of a product, plays a prime role when it comes to a buying decision. The Frozen Food Packaging Supplier Market has been estimated to be a better performer compared to the chilled and dried food market. Frozen foods have the upper hand over chilled food as it has a longer shelf life. Food, when preserved at freezing temperatures, are devoid of any contamination owing to microbes like mold, bacteria, and yeast. Frozen food prohibits growth of microorganisms, foodborne illness, and food spoilage. These factors give way to immense product demand across the world.
The retail industry has noted remarkable growth in the past couple of decades. Organized retail stores stand as a significant distribution channel for frozen food all over the globe. Such stores form an important aspect of large retail chains, which have a strong presence in the worldwide market. Most of the consumers of frozen food products opt for supermarkets, hypermarkets and large retail stores. Therefore, manufacturers considered these to be key distribution channels for selling frozen food.
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Top Players
- Ball Corporation
- Genpack LLC
- Leucadia National
- Printpack Inc.
- Sealed Air Corporation
- Amcor Ltd.
- Anchor Packaging
- AEP Industries Inc.
- Packaging Corporation of America
- Crown Holdings
- Graham Packaging Company
- WestRock Company
- Graphic Packaging International Inc., to mention a few.
Market Segmentation
The worldwide Frozen Food Packaging Supplier has been split on the basis of packaging product type and application.
The types of packaging products are baked products, meat, fruits & vegetables; poultry & seafood; and others.
Application-wise, the segments covered by the report are boxes, tubs & cups, bags, and others.
Regional Outlook
The latest trends in the Frozen Food Packaging Supplier Market have been studied in the prime regions of Europe, North America, Asia Pacific (APAC) along with Rest of the World (RoW).
Asia Pacific controls the major share of the Frozen Food Packaging Supplier Market. The region offers a unique opportunity to vendors as it is in the nascent stage, when it comes to adoption of latest packaging products. Demand rate for food products is expected to go hand in hand with the rise in population, and the surging urbanization could boost demand for quality products. This robust demand will be in response to the rising awareness about foodborne illnesses, food spoilage, and food wastage. China is the most profitable market for frozen food packaging in Asia Pacific. Consumers in the country are on the lookout for easy-to-use and quality food products, which shapes the Frozen Food Packaging Supplier Market quite lucratively.
North America will be another significant revenue contributor to the Frozen Food Packaging Supplier Market. Rising consumption of seafood along with surge in available packaging options ensures smooth run for the regional market. Residents in the region are increasing their consumption of frozen food, which boosts the demand for frozen packaging products. Plastic flexible trays, as well as bags with overwraps, are used for transporting frozen food, which further triggers market growth.
In Europe, the Frozen Food Packaging Supplier Market has been significantly pushed by the growing consumer appreciation of product quality. The strong economy along with changing lifestyles has boosted the demand for frozen food packaging in the region, which is expected to do wonders for the market in the coming years.
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