Frozen Food Packaging Market 2031

WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATESBULLE, April 10, 2024 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global frozen food packaging market generated $38.82 billion in 2020, and is estimated to generate $63.98 billion by 2031, witnessing a CAGR of 5.03% from 2022 to 2031. The report offers a detailed analysis of changing market trends, value chain, top segments, key investment pockets, regional scenarios, and competitive landscape.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲: https://www.alliedmarketresearch.com/request-sample/2587

Rise in urbanization, fast-paced lifestyle, increase in female participation in the workforce, rise in “on-the-go” consumer base, and growth in purchasing power in emerging economies drive the growth of the global frozen food packaging market. However, lower frozen food sales in several emerging countries are due to negative customer perceptions of packaged meals and low market penetration hampers the market growth. On the other hand, the availability of packed ready-to-eat foods, bakeries, and desserts in the food service industry creates new opportunities in the coming years.

Leading players of the global frozen food packaging market discussed in the research include:
➡️Ball Corporation
➡️Sonoco Products Company
➡️Amcor Ltd.
➡️Bemis Company, Inc.
➡️Graphic Packaging International, Inc.
➡️Crown Holdings, Inc.
➡️International Paper Company
➡️Sealed Air Corporation
➡️Pactiv LLC
➡️WestRock Company

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Based on product, the ready meals segment accounted for the largest share in 2020, contributing to nearly two-fifths of the global frozen food packaging market, and is expected to maintain its lead position during the forecast period. However, the seafood segment is projected to portray the highest CAGR of 5.59% from 2022 to 2031.

Based on region, Europe contributed the highest share in 2020, accounting for nearly two-fifths of the total share and is expected to continue its dominant share in terms of revenue by 2031. However, Asia-Pacificis projected to manifest the largest CAGR of 6.75% during the forecast period.

𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.alliedmarketresearch.com/checkout-final/7035e10454f315fd15bcda1f53a75dff

Key findings of the study

➣Frozen food packaging market analysis predicts that Asia-Pacific is expected to grow at the highest CAGR of 7.8% during the forecast period, followed by LAMEA.

➣Frozen food packaging for the ready meals segment accounted for the highest market share in 2021.

➣Plastics-based frozen food packaging accounted for the highest Frozen Food Packaging Market Share in 2021 and is expected to grow at the highest CAGR of 5.7%.

➣Europe generated the highest revenue, accounting for approximately two-fifths share of the market in 2021.

➣North America frozen food packaging market size is anticipated to grow at a decent CAGR from 2022 to 2031.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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