Global Frozen Food Packaging Market — Market Shares, Forecasts and Trends (2015-2020)
Uncertain economic conditions and increasing consumer demand for high quality and value for money products, the frozen food packaging market in is performing better than chilled and dried food packaging. The advantage of frozen over chilled meals is their significantly longer shelf life.
In terms of unit volume sales the Global Frozen Food Packaging Market was estimated at 54.53 billion units in 2014. In the same year, Europe held the major share of market followed by North America and Asia Pacific. As Asia Pacific rebounds from global crisis; urbanization, increasing economic standards and disposable income are driving the market for frozen foods packaging in this region. Presence of fast developing and huge populous countries like China and India is further boosting this market.
In 2014, China and Japan lead the market in Asia Pacific, holding an aggregate share of more than 75%, where as India is estimated to experience the highest growth rate. Convenience remains the primary driver. But advancements in packaging technologies, increasing number of small households, on the go life style and rise in disposable income further driving the frozen food packaging market. The frozen food market in North America is going down on account of changing consumer preference for fresh ingredients and increasing competition among retailers selling more ready-made food. To boost sales manufacturers are improving their packaging to design a creative outlook and make products more appealing to customers in convenience stores. Offering different packaging sizes and configurations that advocate options such as single serve, meal for two and multi-serve packs can also boost the sales.
The Global Frozen Food Packaging market is segmented on the basis of primary material (Glass, Paper, Metal, Plastic and Others), type of food product (Readymade meals, Fruits and vegetables, Meat, Sea Food, Baked goods and Others), and type of packaging product (Bags, Boxes, Cans, Cartons, Trays, Wrappers and Others).
This report describes a detailed study of the Porter’s five forces analysis, market segments, and current market trends. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies and competition analysis.
The report also considers key trends that will impact the industry and profiles of leading suppliers of Global frozen food packaging market. Some of the top companies mentioned in the report are Pactiv, Amcor, Genpak, Graham Packaging, Ball Corporation, Crown Holdings, Tetra Pak International and Others.
SPECIALITIES OF THIS REPORT
1) The report will be useful in gaining an exhaustive understanding of the regional market. It will also be of assistance in providing a comprehensive analysis of the major trends, innovations and associated prospects for market growth over the coming half a decade.
2) The report will be an ideal source material for industry consultants, manufacturers and other interested and allied parties to gain a critical insight into the factors driving and restraining the market, in addition to opportunities offered.
3) The report contains wide range of information about the leading market players and the major strategies adopted by them.