North America Frozen Food Packaging Market was worth USD 14.28 million in 2021 and estimated to be growing at a CAGR of 4.78% to reach USD 18.03 million by 2026. 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.
Drivers and Restraints:
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 North America Frozen Food Packaging Market. 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.
North America Frozen Food Packaging Market Segmentation Analysis:
The North 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 North 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.
The North America market has been geographically segmented into segmented into US and Canada. In 2016, the North America is one of the largest revenue in the Global market and is expected to maintain its dominance during the forecast period due to healthy growth in the frozen food packaging market due to high demand in packaged food and frozen food market and demand for frozen food.
Key Players in the Market:
Major key players in the North America Frozen Food Packaging Market are
Printpack, Inc., Pactiv LLC, Amcor Ltd, Ball Corporation, Crown Holdings, Inc., Sealed Air Corporation, Bemis Company, Inc., Tetra Pak International, WestRock Company, Graphic Packaging International Inc., FLAIR flexible packaging corporation, Graham Packaging and Huhtamaki N.A.
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