Global Plastic Frozen Food Packaging Market – Industry Trends and Forecast to 2029

Market Analysis and Size

Growing demand for convenience and ready-to-eat food products due to the busy lifestyles and hectic work life schedules and a growing number of working individuals is expected to favour the plastic frozen food packaging market growth. The excellent printability and low cost associated with plastic make it a lucrative packaging material for the frozen food products. 

Data Bridge Market Research analyses that the plastic frozen food packaging market was valued at USD 20270.27 million in 2021 and is expected to reach USD 26899.09 million by 2029, registering a CAGR of 3.60 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.     

Report Scope and Market Segmentation

Market Definition

Frozen food packaging aids to preserve the food product from the time when it was prepared to the time when it is eaten.  The Plastic frozen food packaging helps to maintain original colour, texture and flavour and generally more of their nutrients than foods preserved by other methods. Plastic packaging are lightweight and easily transportable which is available in different shapes and sizes. It also offers several benefits, like the technical advantages and ability to tolerate temperatures.

Plastic Frozen Food Packaging Market Dynamics

Drivers

• Growing population and changing lifestyle

Changing lifestyles coupled with increasing disposable income and rising population are expected to upsurge the demand for frozen food products which is further expected to increase the demand for plastic frozen food packaging in the market during forecast period.

• Rise in demand due to wide range options

Plastics are commonly used for the packaging frozen food packaging due to the presence of wide options in which include polyethylene terephthalate, polyethylene, polypropylene, and high impact polystyrene among others. Several grades of polyethylene including high-density polyethylene and low-density polyethylene are commonly used for manufacturing frozen food packaging products. 

• Growing demand in E-commerce sector

The vigorous growth of the e-commerce industry is also expected to open new opportunities for the industry growth. E-commerce companies prefer flexible and lightweight packaging solutions to reduce the price of transportation of frozen food and plastic fulfils these requirements. The increasing preference for online shopping of frozen food are expected to drive the growth of the plastic frozen food packaging market.

Opportunities

Technological advancements including improved packaging designed to protect, store, and promote frozen food also play a dynamic role in boosting the demand for plastic frozen food packaging during forecast period. Furthermore, numerous value-added features, including top notches, zippers, and the use of high quality graphics, further boost beneficial opportunities for the market's growth rate. Additionally, rising demand for frozen food packaging products from numerous foodservice establishments is also expected to drive the market growth of plastic food packaging market.

Restraints/ Challenges

Ecological damage has always been a main challenge reason in the packaging market. The growing demand for eco-friendly products is limiting the growth of the plastic frozen food packaging market because the polyethylene which is highly involved plastic particles is used in the packaging which release harmful chemicals. These chemicals go into the environment soil and then drain into groundwater which also causes the environmental damage. Therefore, the growing environmental damage regarding the usage of polyethylene products in plastic food packaging can hinder the market's growth.

This plastic frozen food packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the plastic frozen food packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Plastic Frozen Food Packaging Market

The covid-19 outbreak impacts the economic status of all the industries. The lockdown and curfew which has imposed by the administration of governments of almost all the countries overall the globe disrupted the manufacturing activities, supply chains and production and distribution works. The manufacture and supply of packaged frozen food were allowed under severe conditions. While the epidemic, people were forced to buy products, as a consequence of inconstancy and fear and regarding pandemic. The frozen food products registered huge demand as other food products because it remain eatable for a longer time. Hence, as an output of the increase in requirement for frozen food packages. 

Global Plastic Frozen Food Packaging Market Scope

The plastic frozen food packaging market is segmented on the basis of packaging type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Packaging Type

• Boxes
• Bags
• Tubs and Cups
• Others

Application

• Meat
• Poultry and Seafood
• Fruits and Vegetables
• Baked products
• Others

Plastic Frozen Food Packaging Market Regional Analysis/Insights

The plastic frozen food packaging market is analysed and market size insights and trends are provided by country, packaging type and application as referenced above.

The countries covered in the plastic frozen food packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the plastic frozen food packaging market in terms of revenue and market share during the forecast period. This is due to the increasing demand for plastic frozen food packaging in this region. The Asia-Pacific region leads the plastic frozen food packaging market due to the growing preferences towards convenience foods in this region.

During the estimated period, North America is projected to be the fastest developing region due to the increasing consumption of frozen food products in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Plastic Frozen Food Packaging Market Share Analysis

The plastic frozen food packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to plastic frozen food packaging market.

Some of the major players operating in the plastic frozen food packaging market are:

• AVPack Plastic Manufacturers (South Africa)
• Suzhou Yuxinhong Plastic Packaging Co., Ltd. (China)
• Natural Value Inc.(US)
• Coveris (UK)
• Shenzhen Chengxing Packing & Material Co.Ltd (China)
• Four Star Plastics (US)
• AMERICAN MANUFACTURE COMPANY (US)
• The Clorox Company (US)
• Polyvinyl Films, Inc (US)
• ECPlaza Network Inc (China)
• Shenzhen Bull New Material Technology Co., Ltd (China)
• SHENZHEN XINTENG PACKAGING CO., LIMITED (China)
• Reynolds Consumer Products (US)
• XINJIANG RIVAL TECH CO.LTD (China)
• Berry Global Inc (US)
• Amcor plc (Switzerland)
• Sealed Air (US)
• Mondi (UK)
• Sonoco Products Company (US)

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