Global Frozen Food Packaging Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 17, 2018--The “Global Frozen Food Packaging Market - Segmented by Type of Food Product, Type of Packaging and Region - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The frozen food packaging market was valued at USD 37.56 million in 2017 and is expected to reach a value of USD 50.67 billion by 2023 at a CAGR of 4.8% over the forecast period of 2018-2023.
In the organized retail market, many big companies are expanding their global footprint. Walmart, for example, is expected to host more than 11,000 stores worldwide. Similarly, new companies are entering this market with marketplaces, such as Amazon Go. Amazon is expected to open more than 2,000 stores by 2018.
The bags segment had the largest market share in 2016. Plastic bags are available in different sizes and shapes. It offers several benefits, such as the ability to tolerate temperatures, and technical advantages, which is further fuelling the demand for bags in frozen food packaging. Ziploc bag is an important example in this regard.
Asia-Pacific is one of the major markets for frozen food packaging. The market presents a unique opportunity for vendors of frozen food packaging solutions, as it is still in the nascent stage in terms of adoption of latest packaging products. The demand for food products is expected to grow with increasing population, and quality products are expected to be on demand with urbanization and expanding awareness about foodborne illnesses, food wastage, and food spoilage.
Companies MentionedAEP Industries AMPAC Packaging Bemis Company Berry Plastics Carter Holt Harvey Pactiv Corporation Westrock Reynolds Packaging Group Associated Packaging Technologies American Packaging Corporation Cascades Incorporated
Key Topics Covered:
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Future of the Market
For more information about this report visit https://www.researchandmarkets.com/research/r59nzl/global_frozen?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180517005593/en/
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Related Topics:Food Packaging
INDUSTRY KEYWORD: MANUFACTURING PACKAGING RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 05/17/2018 06:24 AM/DISC: 05/17/2018 06:24 AM