TMR, in its latest market intelligence study, finds that the global Frozen Food Packaging market registered a value of ~US$ xx Mn/Bn in 2018 and is spectated to grow at CAGR of xx% during the foreseeable period 2019-2029. In terms of product type, segment holds the largest share, while segment 1 and segment 2 hold significant share in terms of end use.
The Frozen Food Packaging market study outlines the key regions – Region 1 (Country 1, Country 2), region 2 (Country 1, Country 2), region 3 (Country 1, Country 2) and region 4 (Country 1, Country 2). All the consumption trends and adoption patterns of the Frozen Food Packaging are covered in the report. Prominent players, including player 1, player 2, player 3 and player 4, among others, account for substantial shares in the global Frozen Food Packaging market.
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market segmentation, and its future prospects in consideration. It also offers a deep insight into the market dynamics, in order to understand the status of the worldwide frozen food packaging market over the period of 2019 – 2027.
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Global Frozen Food Packaging Market: Notable Developments
- Cascades Sonoco, a joint venture of Sonoco Products Co. and Cascades Inc., recently inaugurated a packaging facility in Birmingham, Alabama, for the production of its new product line of innovative, eco-friendly packaging. The venture has invested a sum of US$17 mn to manufacture a water-based functional coating solution, which can create recyclable and compostable containers.
- WestRock Co. has been awarded with the Innovator Award – 2019 for its innovation in recovery. The award recognized the company’s work in enhancing the recyclability of foodservice packaging.
The global frozen food packaging market demonstrates a highly competitive vendor landscape. The rivalry among the leading participants, such as Berry Plastics Group Inc., Sonoco Products Co., ProAmpac LLC, Cascades Inc., and American Packaging Corp. will intensify this competition further. Hitherto, these participants have been relying on innovation and technological advancements for the growth of their businesses. However, their focus will shift towards strategic partnerships with local players, especially in emerging countries, such as India and South Korea, in the near future to enhance their visibility across the world.
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Global Frozen Food Packaging Market: Market Dynamics
The global frozen food packaging market is gaining from a number of factors. The significant ones among those are the changing lifestyle of consumers and their increasing disposable income. The swift urbanization in developing nations, especially in the emerging middle-income population countries, is also supporting the demand for frozen food packaging products considerably. The increasing uptake of freezer bags, especially in the U.S., is likely to boost the global market in the near future.
The demand for plastic bags for the packaging of frozen food is the latest trend in the global frozen food packaging market. The availability of plastic bags in different shapes and sizes and the benefits offered by them, such as the ability to tolerate high temperatures, is fuelling the demand for plastic bags for the packaging of frozen food.
Asia Pacific to Report Most Promising Growth
North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa are the main geographical segments of the global frozen food packaging market. Asia Pacific, among these, has surfaced as the most promising region frozen food packaging market. The presence of a high population base and increasing preference for ready-to-cook meals is likely to keep the growth rate of the Asia Pacific frozen food packaging market significantly high in the years to come. Europe will also demonstrate a decent growth rate in the near future.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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The Frozen Food Packaging market research answers important questions, including the following:
- What was the number of units of the Frozen Food Packaging sold in 2018?
- Which distribution channel is best suitable for the distribution of Frozen Food Packaging ?
- How are the vendors overcoming the challenges associated with the use of Frozen Food Packaging ?
- What R&D projects are the Frozen Food Packaging players implementing?
- Which segment will lead the global Frozen Food Packaging market by 2029 by product type?
The Frozen Food Packaging market research serves a platter of the following information:
- In-depth analysis of the drivers, restraints, opportunities and trends influencing the growth of the global Frozen Food Packaging market.
- Critical breakdown of the Frozen Food Packaging market as per product type, and end use industry.
- Exhaustive understanding of the strengths, weaknesses, opportunities and threats of various Frozen Food Packaging market players.
- Precise year-on-year growth of the global Frozen Food Packaging market in terms of value and volume.
- Regional analysis further broken down into countries for minute details.
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