The use of frozen food is on the rise due to increasing trend for ready to cook food products and the benefits offered by frozen food like longer shelf life, retention of nutritional elements and less time consumption for cooking than the conventional home-cooked meal. There are different type of packaging methods and packaging materials used for packing frozen foot to suit different types.
Major factors contributing to the growth of market are increasing preference towards frozen food products, changing lifestyles and dietary habits, increasing urbanization and increasing demand for high quality food. Also, factors like increasing disposable income and product innovation are assisting in the growth of market.
But, factors like high cost of equipment, consumer scepticism and lack of skilled professionals are hindering the growth of market.
Currently, on the basis of material, plastic holds the major share in the market due to its affordability over other materials and its easy handling. Plastic being malleable can be made into many shapes and sizes to suit for different type of food products. Based on food, readymade meals are the products occupying the major share in the market due to shifting lifestyles and dietary habits.
Regionally, North America dominated the Frozen Food Packaging market due to large urban population base and preference for frozen ready to cook products and fast foods. Asia Pacific is expected to grow the fastest due to growing awareness and increasing adoption rate of frozen food products.
Frozen Food Packaging Market: Key Players
Some of the key players dominating the Frozen food packaging market are Printpack, Inc., Pactiv LLC, Amcor Ltd, Ball Corporation, Crown Holdings, Inc., Sealed Air Corporation, Bemis Company, Inc., Tetra Pak International, WestRock Company, Graphic Packaging International Inc., FLAIR flexible packaging corporation, Graham Packaging and Huhtamaki N.A.
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more information, kindly visit, www.marketdataforecast.com.
Sales Manager (International Business Development)