Frozen Food Packaging Market Trends, Growth drivers, Opportunities and Competitive Landscape in 2032

The global frozen food packaging market size was valued at USD 10.84 billion in 2023. The market is projected to grow from USD 11.38 billion in 2024 to USD 17.20 billion by 2032, exhibiting a CAGR of 5.16% during the forecast period.

Frozen food packaging is used to preserve food products from the time of their production to the time of their consumption. The increasing industrialization, busy lifestyles, and the growing advancement in emerging countries are raising the demand for ready-to-eat products, driving market growth.

Source: https://www.fortunebusinessinsights.com/frozen-food-packaging-market-109236

The COVID-19 pandemic impeded the market due to lockdown restrictions. However, increased demand for frozen packaged food owing to its longevity for freshness bolstered market growth.

Fortune Business Insights™ mentions this in a report titled, “Frozen Food Packaging Market, 2024-2032.”

Segments

Plastic Segment to Lead the Market as it Offers Excellent Barrier Properties

Based on material, the market is classified into plastic, paper & paperboard, aluminium, and others. The plastic segment holds the largest frozen food packaging market share. The segment’s growth is attributed to the excellent barrier properties of plastic material, ensuring the preservation of the freshness of food products.

Growing Adoption by Manufacturers to Propel Flexible Segment Expansion

By packaging type, the market is categorized into rigid and flexible. The flexible segment leads the market and holds a dominant share. The segment’s growth is attributed to manufacturers' growing adoption of flexible packaging products owing to their properties, which include being lightweight, cost-effective, and sustainable.

Drivers & Restraints

Growing Food Waste Awareness to Propel Market Expansion

Increasing awareness regarding decreasing food waste is creating a positive outlook, further driving the frozen food packaging market growth. The increasing anxiousness of the customers is related to the environmental impacts of excessive food wastage, and seeking ways to decrease food wastage drives the market's growth.