Latin America Frozen Food Packaging Market was worth USD 6.12 million in 2022 and estimated to be growing at a CAGR of 4.23% to reach USD 7.53 million by 2028.
Increasing urbanization has shifted the preferences of consumers towards frozen food products which require less time for cooking than the traditional home-cooked meal. In addition, increase in female employment and changes in family dynamics has also augmented the dependency on frozen food, thereby driving its growth.
People are preferring the frozen food over fresh food because it can be stored for longer periods and also require less time. The packaging for frozen food also increases the lifetime of the product and maintains the nutrition value for the food items. In the market, different types of packaging are available for various types of frozen food like Plastic, Aluminium, Cardboard, Glass, Wood, Paper and Others.
Increase in the frozen food, growth in purchasing power in emerging economies such as India, and China, rise in demand for packaging for differentiating the product from the rest, the continuous innovation and development in the packaging of food items, increasing consumer demand for high-quality food, rapid urbanization and the increasing corporate sector is driving the Latin America market for frozen food packaging. However, a section of people who believe frozen food is unhealthy and less tasty, lack of awareness, limited number of skilled professionals and high-cost equipment for manufacturing packaging products is restraining the frozen food packaging market.
The Latin America Frozen Food Packaging Market is segmented based on material, food, type of packaging product, and geography. Based on the material, the market is segmented into plastic, aluminium, cardboard, glass, wood and paper. On the basis of food type, the Latin America frozen food packaging market is segmented into Readymade Meals, Meat, Poultry and Sea Food, Fruits and Vegetables, Baked Goods, Potatoes, Soups and Ice cream. On the basis of packaging product type, the market is segmented into bags, boxes, cans, cartons, trays, wraps, tubs and cups and pouches.
Geographically the Latin America Canned Food Packaging Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. The huge rise in spending in the packaging division has increased the demand for Food Packaging. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in the frozen food packaging market.
Key Players in the Market:
Major Key Players in the Latin America Canned Food Packaging Market are
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: email@example.com