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The latest report by IMARC Group, titled “Frozen Food Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global frozen food packaging market size reached US$ 41.96 Billion in 2021. Frozen foods are numerous food products, including fruits, vegetables, meats, seafood, and ready-to-eat meals that are processed and preserved at an acute cold temperature to retain nutrients. These consumer goods are packed in various packaging materials, such as boxes, tubs, wrappers, pouches, and bags, to ensure safer transportation. Frozen food packaging is a readily accessible, lightweight, cost-effective, and economical solution that can also resist high temperatures. In recent years, frozen food packaging has gained momentum due to its widespread utilization to preserve the flavor, aroma, color, texture, and quality of food products.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Frozen Food Packaging Market Trends:
One of the primary factors driving the market is the growing food and beverage (F&B) sector and the surging demand for packaged ready-to-eat (RTE) meals. Besides this, the extensive usage of plastic as the leading frozen food packaging material due to its heat resistance, storage, and durable properties is propelling the market growth. In line with this, consumers nowadays are opting for online retailing and e-commerce distribution channels for buying necessary items, especially after the spread of coronavirus disease (COVID-19) and the implementation of lockdowns worldwide. Furthermore, market players are developing advanced technologies to introduce innovative, attractive, and convenient-to-carry packaging to cater to the evolving needs of consumers. These solutions can store, protect and extend the shelf-life of frozen perishable consumer goods, thus catalyzing the market growth. Other growth-inducing factors include strategic collaborations amongst key players and extensive investment in research and development (R&D) activities to add new features to the packaging, such as top notches and zippers. Looking forward, IMARC Group expects the market value to reach US$ 57.33 Billion by 2027, expanding at a CAGR of 5.10% during the forecast period (2022-2027).
Market Summary:
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