The global frozen food packaging market is expected to reach $63.98 billion by 2031, fueled by urbanization and changing lifestyles.
โ Allied Market Research
WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, May 9, 2024 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled โFrozen Food Packaging Market, by Type, Product Type, and Material: Global Opportunity Analysis and Industry Forecast, 2020-2031,” the frozen food packaging market was valued at $38,826.20 million in 2020 and is estimated to reach $63,980.50 million by 2031, growing at a CAGR of 5.03% from 2022 to 2031.
๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ : https://www.alliedmarketresearch.com/request-sample/2587
Rapid urbanization and increasingly fast-paced lifestyles are reshaping consumer preferences towards frozen food products, which offer quick and convenient meal options compared to traditional home-cooked meals. The rise in female workforce participation and evolving family structures have contributed to higher consumption of frozen foods, driving growth in the frozen food packaging market. Additionally, the expanding “on-the-go” consumer base and rising purchasing power in emerging economies like India and China are further propelling market growth. There’s also a growing demand for attractive, innovative, and portable packaging to distinguish products in the market, boosting the frozen food packaging sector.
In emerging markets, the surge in female labor force participation is driving demand for convenient foods and beverages. With more people eating alone at work and irregular mealtimes becoming common due to busy lifestyles and changing attitudes toward cooking, there’s a higher inclination towards frozen-ready meals for their quick preparation. The availability of packaged ready-to-eat foods, bakery items, and desserts in the food service industry is also contributing to the expansion of the frozen food packaging market.
The Asia-Pacific region is experiencing a transition from traditional homemade meals to frozen foods, fueled by the increasing number of working women. The growth of fast-food chains, particularly in countries like India, China, Thailand, Vietnam, and others, is boosting demand for frozen meat, seafood, vegetables, fruits, and potatoes. This transition presents significant growth opportunities for the frozen food packaging industry in emerging economies, driven by economic growth, rising incomes, and changing lifestyles.
However, the market faces challenges in some developing countries due to negative consumer perceptions of packaged foods and limited market penetration. Concerns about the structural changes and potential loss of food efficacy during freezing processes have led to hesitancy in purchasing frozen foods. Additionally, frozen foods are often viewed as less nutritious compared to fresh alternatives, and the use of preservatives and additives further dampens consumer confidence. These factors hinder sales and restrain market growth in certain regions.
โข The surge in demand for high-quality packaging to ensure the safety of food products is driving the adoption of frozen food packaging.
โข Factors such as population growth, urbanization, and the hectic pace of modern life are reshaping consumer preferences towards packaged goods, thereby fueling the demand for frozen food packaging.
โข With the need for quick meal solutions and the trend towards modernized cooking methods, the frozen food packaging market is experiencing significant growth opportunities.
โข As more people join the workforce and lifestyles become increasingly busy, there is a notable increase in the uptake of frozen food packaging.
โข The adoption of a more indulgent lifestyle, coupled with a rise in frozen food consumption and the development of emerging economies in developing nations, is propelling market expansion.
โข An increasing demand for innovative, convenient, and visually appealing packaging options is driving growth in the frozen food packaging market.
โข The market size for frozen food packaging is expanding due to the growing popularity of convenience foods, irregular meal times, and evolving eating habits.
โข Manufacturers are revolutionizing the food industry by introducing ready-to-eat packaged products, which are expected to capture a significant share of the market.
โข The escalating demand for frozen food packaging stems from the desire to enhance food safety and prolong shelf life, meeting the needs of consumers for longer-lasting freshness.
๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐ : https://www.alliedmarketresearch.com/connect-to-analyst/2587
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Frozen food products are packaged in boxes, bags, cups & tubs, trays, wraps, pouches, and others to extend shelf life, maintain nutritional content, and provide convenient use. These packages are made of plastics, paper & paperboard, metals, glass, and wood, which provide high resistance to abrasion and reduce damage due to vibration, impacts, and shocks during transportation.
Europe is the largest market for frozen food, followed by North America, which occupies the second position, with significant demand for ready meals and meat products. This leads to a consistent growth in frozen food packaging in these regions. Whereas, the Asia-Pacific market is undergoing a transition from traditional homemade cooked meals to frozen food. This is due to the rise in the number of females working outside the home. Moreover, the growth in popularity of fast food chains in India, China, Thailand, Vietnam, and others creates a huge demand for frozen meat, seafood, vegetables, and fruits, which in turn drives the growth of the frozen food packaging market. Also, the rise in prices and insufficient supply of fresh food in Middle Eastern countries, such as Egypt, Saudi Arabia, the UAE, Iran, and others, is the primary factor leading to the higher consumption of frozen food, which accelerates market growth.
Innovative packaging solutions, such as hanging holes, sealable zippers, tear-notching, and others for product differentiation, are anticipated to have a positive impact on market growth.
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Chapter 1 : INTRODUCTION
Chapter 2 : EXECUTIVE SUMMARY
Chapter 3 : MARKET OVERVIEW
Chapter 4 : FOZEN FOOD PACKAGING MARKET, BY TYPE
Chapter 5 : FOZEN FOOD PACKAGING MARKET, BY PRODUCT
Chapter 6 : FOZEN FOOD PACKAGING MARKET, BY MATERIAL
Chapter 7 : FOZEN FOOD PACKAGING MARKET, BY REGION
Chapter 8 : COMPANY LANDSCAPE
Chapter 9 : COMPANY PROFILES
List of LIST OF TABLES
List of LIST OF FIGURES
๐๐๐ค๐ ๐ ๐๐ข๐ซ๐๐๐ญ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ : https://www.alliedmarketresearch.com/frozen-food-packaging-market/purchase-options
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view of providing business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
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Allied Market Research
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Originally published at https://www.einpresswire.com/article/710147126/frozen-food-packaging-market-surges-convenience-and-innovation-drive-growth