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Refrigeration Packaging Market Research Report - Global Forecast To 2023

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Global Refrigeration Packaging Market Information by Packaging Material (Paper & Paperboard, Plastic, Metal and Others), by packaging type (Boxes And Cartons, Bags And Pouches, Containers, Bottle & Jars and Others), By end-user (Residential, Non-Res
Refrigeration Packaging Market Research Report Global Forecast to 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Refrigeration Packaging Market
Global Refrigeration Packaging Market Information by Packaging Material (Paper & Paperboard, Plastic, Metal and Others), by
packaging type (Boxes And Cartons, Bags And Pouches, Containers, Bottle & Jars and Others), By end-user (Residential, NonResidential) and Region - Forecast To 2023
Packaging is essential to any food product. It protects, promotes, informs and plays a key role in providing convenience to the consumer. Freezing is
one of the easiest, quickest, most versatile and most convenient methods of preserving foods. Properly frozen foods maintain more of their original
color, flavor and texture and generally more of their nutrients than foods preserved by other methods.
There are several key drivers that are fuelling the frozen foods segment. With the worldwide economic growth and coinciding rising incomes, and
increasingly busy lifestyles consumers, people are looking for convenient meal options that fit within their busy daily lives. Technological advancements
have also played a central role, with new film types and improved packaging designs such as transparent and colored films, tear-notch openings,
hanging holes, sealable zippers and single serve packaging plays an important role for the growth of the market. Vertical form fill and seal (VFFS)
systems are the ideal solutions to respond to the increasing demand for frozen foods as they can quickly and effectively bag a wide variety of products
and operate well in the harsh environments of the frozen food industry.
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Refrigeration Packaging Market
The frozen food industry has come a long way in the past several years. Gone are freezers of the past filled simply with fish sticks and freezer-burned
vegetables. Many brands are offering high-quality meals that can easily be heated and served on demand. These luxury frozen food brands have
reinvented the idea of frozen food as these ready-to-go premium quality meals are healthy, convenient and sustainable.
Rising demand to preserve milk in dairy shops will propel coolers demand over the projected timeframe. Diary companies are upgrading their existing
capacities, and setting up cold storages along with the processing plant. This will generate the overall revenue over the forecast period. One challenge in
the market is the volatility in raw material prices. The most common raw materials used in the manufacturing of packaged refrigeration, include
aluminum, copper, and steel. These materials have volatile prices that affect the manufacturers, and the end-user segments. The expanding demandsupply gap in the last few years has led to the increase in the cost of raw materials.
Global interest in frozen foods has soared in recent years, resulting in numerous growth opportunities for manufacturers. In fact, MRFR predicts the
global refrigeration packaging market will reach more than USD 10 billion by 2023, growing at a CAGR of ~ 5.37% during the period 2017-2023.
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Refrigeration Packaging Market
Segmentation
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Refrigeration Packaging Market
Regional Analysis
The global refrigeration packaging market is segmented as North America, Europe, Asia Pacific, and rest of the world (ROW). Among these North
America is expected to witness the fastest growth in Refrigeration Packaging as the people in the region are more inclined towards convenience
products. The demand for meat, poultry & seafood packaging in the region is also expected to be driven, owing to factors such as demographic shifts
and increase in global population. According to the North American Meat Institute (NAMI), the meat and poultry industry is the largest segment of
U.S. agriculture. Total meat and poultry production in 2012 reached more than 93 billion pounds.
In this market study, analysts have estimated Asia Pacific to dominate the refrigeration packaging market during the forecast period. Factors such as the
introduction of active and intelligent packaging solutions by vendors such as Amcor and the growing demand for flexible packaging will boost
refrigeration packaging growth in this region during the forecast period.
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Refrigeration Packaging Market
Key Players
The key players of global refrigeration packaging market include Amcor Limited (Australia), Ball Corporation (U.S.), Bemis Company, Inc.(U.S.),
Crown Holdings Incorporated (U.S.)., Graphic Packaging International, Inc.(U.S.), International Paper Company (U.S.), Pactiv LLC (U.S.), Sealed
Air Corporation (U.S.), Sonoco Products Company (U.S.), and WestRock Company (U.S.)
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ABOUT US
MARKET RESEARCH FUTURE
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-
Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its
research analyst members.
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Author
Monica Nerkar
Monica Nerkar862   documents Email
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Business and Leadership
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