Frozen Foods Packaging Market to Surge Past Valuation to US$ 39 Bn by 2022
The global frozen food packaging market is projected to witness substantial growth through the forecast period (2017 to 2022), according to a new market study by XploreMR. The growth of the market is majorly attributed to increasing demand in the food and beverage industry owing to the packaging material's longevity, lightweight, and durability. Furthermore, these materials utilize minimal fossil fuels and are recyclable, which is also boosting the adoption of the packaging amid rising environmental concerns.
As end-users seek eco-friendly materials, the shifting preference is expected to bestow lucrative revenue opportunities to the manufactures of frozen food packaging. Besides, factors such as rapid urbanization in emerging economies and the associated lifestyles are propelling demand for frozen food, thereby subsequently increasing the adoption of frozen food packaging. On the back of these factors, the global frozen food packaging market is forecasted to surge past valuation of US$ 39 Bn by the end of 2022, progressing at a CAGR of 4.9% through the assessment period.
Increasing Preference for Frozen Foods Transmutes into Adoption
Global Frozen Food Packaging Market: Overview
Frozen food products witness significant demand in the food and beverages industry attributed to growing preference for cooked and fresh food products. Surge in the number of working women and disposable income is further expected to impact growth of the global frozen food packaging market positively. Manufacturers are increasingly focusing on providing enhanced packaging solutions for protective packaging of the frozen food products.
The report provides an in-depth insight on various important aspects of the global frozen food packaging market while offering critical analysis on the important segments, factors driving growth of the global market, growth patterns and competitive landscape. According to the report, the global frozen food market is expected to witness a moderate growth attributed to increasing demand for temperature controlled packaging.
Global Frozen Food Packaging Market: Market Dynamics
Frozen Food Packaging Market: Plastic Materials to Dominate the Global Market in Terms of Revenue: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2022)Buy Now
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