Frozen Food Packaging Market Growth, Trends and Forecast
The global frozen food packaging market was valued at USD 47.94 billion in 2024 and is expected to reach approximately USD 79.59 billion by 2034. This growth represents a compound annual growth rate (CAGR) of 5.2% from 2024 to 2034.
The rapid growth of the global frozen food packaging market can be attributed to several key factors. First, the rise in international trade of frozen food products has increased the demand for packaging solutions that ensure safe transportation and preservation. Improved transportation and logistics have also made it easier to trade frozen food globally, further fueling the need for effective packaging.
In addition, the Asia Pacific region has seen a significant rise in frozen food consumption, which has driven the expansion of the packaging market. Furthermore, the introduction of innovative refrigerator displays in supermarkets has played a crucial role in attracting consumers to frozen food, increasing the demand for packaging solutions that support these products.
Frozen Food Packaging Market Trends
The frozen food packaging market is experiencing significant growth, driven by increasing awareness of environmental sustainability. Consumers and businesses alike are pushing for eco-friendly packaging solutions. Innovations in packaging techniques, such as modified atmosphere packaging and intelligent packaging technologies, are enhancing product shelf life and quality. Additionally, digital printing is becoming more widely accepted, enabling customized branding and packaging solutions tailored to consumer preferences.
Latest Announcements from Industry Leaders
In October 2024, Khaled Al-Jalawi, Global Director of Circular Economy Business at SABIC, shared the company’s excitement about collaborating with Lamb Weston and OPACKGROUP on a closed-loop project. This initiative focuses on using used cooking oil (UCO) to create circular polymers that are designed for recyclability, demonstrating SABIC’s commitment to circularity in the packaging industry.
Key Companies in the Frozen Food Packaging Market
Several companies are contributing to the growth of the frozen food packaging sector, including:
- AVPack Plastic Manufacturers (South Africa)
- Suzhou Yuxinhong Plastic Packaging Co., Ltd. (China)
- Natural Value Inc. (U.S.)
- Coveris (U.K.)
- Shenzhen Chengxing Packing and Material Co., Ltd. (China)
- Four Star Plastics (U.S.)
- AMERICAN MANUFACTURING COMPANY (U.S.)
- The Clorox Company (U.S.)
- Polyvinyl Films, Inc. (U.S.)
- ECPlaza Network Inc. (China)
- Shenzhen Bull New Material Technology Co., Ltd. (China)
- SHENZHEN XINTENG PACKAGING CO., LIMITED (China)
- Reynolds Consumer Products (U.S.)
- XINJIANG RIVAL TECH CO., LTD (China)
- Berry Global Inc. (U.S.)
- Amcor plc (Switzerland)
- Sealed Air (U.S.)
- Mondi (U.K.)
- Sonoco Products Company (U.S.)
Recent Developments in the Industry
- February 2024: American Packaging Corp. unveiled its new RETM Design for Recycle flexible packaging technology.
- November 2023: McCain Foods introduced a fresh frozen food brand platform featuring newly redesigned packaging.
- June 1, 2023: The launch of the FreshCase® Active Vacuum Packaging Solution by Enhance Meat Preservation, designed specifically for case-ready meat products in the North American market.
- June 2022: Walki introduced innovative recyclable packaging solutions for frozen food products, focusing on achieving 100% recyclability in the paper stream. They also launched Walki EVO Seal and Opti Seal, paper-based packaging solutions tailored for frozen food pillow pouches.
- April 6, 2021: Amcor unveiled its Customized Permeability Films, designed to preserve the freshness of fruits such as cherries, berries, oranges, grapes, watermelon, and apples.