The Global Frozen Food Packaging Market is projected to reach USD 58.56 million by 2021 owing to growth in purchasing power in emerging economies

Hyderabad, India -- (SBWire) -- 02/19/2018 --The report "Frozen Food Packaging Market Size By Material (Plastic, Aluminium, Cardboard, Glass, Wood, Paper), Type Of Packaging Product (Bags, Boxes, Cans, Cartons, Trays, Wraps, Tubs And Cups, Pouches), Food (Readymade Meals, Meat, Poultry And Sea Food, Fruits And Vegetables, Baked Goods, Potatoes, Soups And Ice Cream), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)", The frozen food packaging market is projected to approach $ 58.56 million by 2021 from the 2016's valuation of 46.50 million, at a CAGR of 4.72%. The rapid urbanisation and resultant hurried lifestyle of the population acts as the key driver behind the growth of market.

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By material, paper segment projected to lead the market till 2021
On the basis of material, the market is segregated into plastic, aluminium, cardboard, glass, wood and paper. The paper segment is estimated to dominate the market till 2021, on account of increasing demand for environment friendly packaging material. The packaging of the frozen food increases the lifetime and the shelf life of the food, increasing the convenience factor.
The type of packaging product segment to witness new advancements in future

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By type of packaging product, the market is categorized into bags, boxes, cans, cartons, trays, wraps, tubs and cups and pouches. This segment of the market is expected undergo new scientific advancements on account of the ever existing demand for a more usage friendly and environment friendly packaging products. The type of packaging product usually varies with the type of food material that it is used to pack.

The food type segment to encompass more varied food types in the future
Based on the type of food type, the global frozen food packaging market is categorized into Readymade Meals, Fruits and Vegetables, Meat, Poultry and Sea Food, Baked Goods, Potatoes, Soups and Ice cream. Due to the increasing proportion of the working members in a family, and subsequent hurried lifestyle is predicted to be the reason behind the high growth rate of the Readymade Meals segment in this market segmentation.

Europe to stay at the top position in global market contribution till 2021

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Under the segmentation by region, the frozen food packaging market is studied under North America, Europe, Latin America, Asia-Pacific and Middle East & Africa regions. Europe, and followed closely by
North America, is projected to remain in the top position according to the contribution to the global market share. Asia-Pacific is estimated to have a very high growth rate on account of the presence of developing nations like China and India and the increasing preference for frozen food as a convenience.

Some of the key players dominating the Frozen food packaging market are Printpack, Inc., Sealed Air Corporation, Bemis Company, Inc., Tetra Pak International, Pactiv LLC, Amcor Ltd, Ball Corporation, Crown Holdings, Inc., Graphic Packaging International Inc., FLAIR flexible Packaging Corporation, WestRock Company, Graham Packaging and Huhtamaki N.A.

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