Outlook of the global frozen food packaging market
Technavio’s market research analyst predicts the global frozen food packaging market to grow at a CAGR of approximately 5% by 2020. The rising need to reduce food wastage is one of the major factors fueling market growth. Food wastage has become a major concern worldwide, as nearly one-third of the food produced for human consumption is wasted. To reduce such instances of food wastage, the demand for packaging solutions is continually increasing as it helps to increase the shelf life of food products that are sensitive to changes in environmental conditions.
In terms of geography, the EMEA region is envisaged to account for more than 37% of the total market share by the end of 2020. The rising demand for frozen food specialties, especially in regions like the UK and Germany, will foster the need for frozen packaging solutions during the forecast period. Furthermore, with the growth of the plastic films market, the market for frozen food packaging in this region will witness a steady increase as it is useful in the development of shrink pouches and stand-up pouches.
Segmentation by food type and analysis of the frozen food packaging market
- Meat, poultry, and seafood
- Frozen specialties
- Fruits and vegetables
- Baked goods
In this segmentation analysis, analysts have estimated the meat, poultry, and seafood segment to account for more than 34% of the total market share by 2020. The populace’s growing demand for packed meat, poultry, and seafood products coupled with their augmented demand for ready-to-eat packaged products will incite the prospects for growth in this market segment during the forecast period.
Segmentation by packaging product and analysis of the frozen food packaging market
- Bags
- Boxes
- Pouches
- Trays
- Tubs and cups
- Wraps
At present, the boxes segment dominates this market and will account for an impressive market share of more than 34% until the end of 2015. This segment is closely followed by the bags segment, which consists of packaging products that are pre-designed for the specific frozen products packaged in them.
Competitive landscape and key vendors
A detailed vendor analysis carried out by the analysts at Technavio has identified eminent factors, such as the global, regional, and local economic conditions; changing demographic trends; rapidly changing consumer behavior; and fluctuating consumer preferences, to negatively impact the shares of vendors in this market. Providers in the frozen food packaging market actively measure customer preferences to understand the market requirements. Due to an increase in the demand for fresh food products, vendors have a huge scope for innovation in the field of packaging products. However, fierce competition among the vendors will hurt the pricing of products and profit margins of manufacturers.
Top vendors in the market are -
- Amcor
- Crown Holdings
- Genpack
- Ball
- Graham
- Pactiv
Other prominent vendors in the market include AEP Industries, American Packaging, Anchor Packaging, Ball, Bemis, Berry Plastics, Bomarko, Cascades Sonoco, Coveris, Dolco Packaging, Exopack Holding, InterFlex Group, International Paper, Leucadia National, LINPAC Packaging, Packaging Corporation of America, Packman, Robbie Manufacturing, and Sonoco Products.
Key questions answered in the report include
- What will the market size and the growth rate be of the global frozen food packaging market in 2020?
- What are the key factors driving the global frozen food packaging market?
- What are the key market trends impacting the growth of the frozen food packaging market?
- What are the challenges to market growth of the global frozen food packaging market?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global frozen food packaging market?
- Trending factors influencing the market shares of the global frozen food packaging market in APAC, Americas, and EMEA.
- What are the key outcomes of the five forces analysis of the frozen food packaging market?
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by type of food product
- Segmentation overview
- Global frozen food packaging market by type of food product 2015 (revenue %)
- Global frozen food packaging market by type of food products 2015-2020
- Global frozen food packaging market by meat, poultry, and seafood
- Global frozen food packaging market by frozen specialties
- Global frozen food packaging market by fruits and vegetables
- Global frozen food packaging market by baked goods
- Global frozen food packaging market by others
PART 07: Market segmentation by type of packaging product
- Global frozen food packaging market by type of packaging products
PART 08: Geographical segmentation
- Global frozen food packaging market by geography
- Frozen food packaging market in EMEA
- Frozen food packaging market in Americas
- Frozen food packaging market in APAC
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
- Competitive scenario
- Key vendor ranking 2015
- Key news
- Amcor
- Ball
- Crown Holdings
- Genpak
- Graham
- Pactiv
- Other prominent vendors
PART 15: Explore Technavio