(Entertainment-NewsWire.com, February 14, 2018 ) According to the report Frozen Food Packaging Market, published by Market Data Forecast, the Latin America market is projected to reach USD 6.86 million by 2021, at a CAGR of 4.23% from 2016 to 2021.
People are liking frozen food over fresh food since they can be stored for long time periods and also require lesser duration. The packaging for frozen food also raises the lifetime of the products and keeps the nutritional value of food items. Several types of packaging are accessible for various types of frozen food such as Plastic, Cardboard, Glass, Aluminium, Paper, Wood and others.
Latin America Frozen Food Packaging Market: Drivers & Restraints Frozen Food Packaging market in this region is driven by factors like rise in the diversification of frozen food, rising consumer demand for food which is high in quality, the novel innovations and packaging development of food items, growing demand for packaging for distinguishing the product from other ones, increasing purchasing power in emerging economies of the region, booming urbanization and the growing corporate sector among others. However, the market is constrained due to factors such as a segment of people which believes frozen food is unhealthy and less tasty, dearth of skilled professionals, less awareness, and high price of equipment for producing packaging products among others.
Latin America Frozen Food Packaging Market: Segmentation By Material • Introduction • Plastic • Aluminium • Cardboard • Glass • Wood • Paper By Food • Introduction • Readymade meals • Meat, Poultry and sea food • Fruits and Vegetables • Baked goods • Wraps • Tubs and Cups • Pouches By Type of Packaging product • Introduction • Bags • Boxes • Cans • Cartons • Trays • Wraps • Tubs and Cups • Pouches By Geography • Latin America o Brazil o Argentina o Mexico o Rest of Latin America
Latin America Frozen Food Packaging Market: Overview Factors like rising purchasing power of emerging economies in the region and novel innovations are affecting the growth of this market positively. However, other factors such as dearth of skilled professionals and less awareness among people are restraining the growth of this market. The market in the region can be geographically segmented into Brazil, Argentina, Chile, Peru and other parts of the region. Factors such as huge rise in spending of money for packaging section is expected to propel the market growth in the region.
Latin America Frozen Food Packaging Market: Key Players Some of the major companies dominating Latin America Frozen Food Packaging Market are Amcor Ltd, Bemis Company, Inc., Crown Holdings, Inc., FLAIR flexible packaging corporation,Ball Corporation, Printpack, Inc., Pactiv LLC, Tetra Pak International, Sealed Air Corporation, Graphic Packaging International Inc., WestRock Company, Graham Packaging and Huhtamaki N.A among others.
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.
