Market Size of North America Frozen Food Packaging Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.30 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
North America Frozen Food Packaging Market Analysis
The North American frozen food packaging market is expected to register a CAGR of 7.30% over the forecast period 2021-2026. As frozen items involve less time and effort than traditional home-cooked meals, the growing customer desire for convenience meals indirectly encourages the growth of frozen product demand. Due to customers' busy lifestyles, the processed food business is driven by a higher need for convenience. As a result, demand for frozen foods soars.
- The way people buy groceries has changed tremendously. More consumers than ever before are shopping online for food, looking for convenient and safe food options. To meet how consumers want to purchase, retailers offer various order fulfillment alternatives, such as competitive pricing, curbside pickup, home delivery, food delivery smartphone apps, and pick up at a remote location. Retailers are vying for consumer recall value and mindshare in rural, tier I, and tier-II areas, are seeking ways to make their promotional programs as appealing as possible. Thus, increasing various opportunities for grocery retailers that significantly influence the frozen food demand in the region.
- Based on numerous significant variables, including frozen food makers supplying that fit customers' nutritional demands, the American Frozen Food Institute anticipates that frozen foods will continue to rise far beyond 2021. From plant-based meals to immunity-boosting foods to customized nutrition, frozen food innovation demonstrates to customers that there is something for everyone in the freezer case that speaks to today's diverse lives.
- The major categories of packaged food are bakery products and frozen processed food. Some of the emerging categories in this sector are frozen ready-to-eat foods. Storage life can be extended notably by making storage temperatures colder. Consumer expectations of food quality are rising.
- The COVID-19 epidemic has altered people's purchasing habits and what they buy. Foods that are frozen are a great illustration of this. Consumers are significantly reaching for frozen foods that are being sought after for breakfast, lunch, and supper, as they give relief from the routine of preparing three meals a day for a family. According to a survey from the Food Industry Association (FMI) and American Frozen Food Institute, the category has grown fast over the last year, with revenues increasing by 21% in 2020 and volume increasing by more than 13%.
North America Frozen Food Packaging Industry Segmentation
Frozen food packaging helps preserve food from the time it is prepared to the time it is eaten. Frozen food packaging helps to maintain original color, flavor, and texture and generally more of their nutrients than foods preserved by other methods. Mostly, fruits and vegetables, meat, and seafood, frozen desserts, and ice creams, baked goods that are packaged in bags, boxes, tubs and cups, trays, wrappers, and pouches.
By Primary Material | |
Glass | |
Paper | |
Metal | |
Plastic | |
Others |
By Type of Food Product | |
Readymade Meals | |
Fruits and Vegetables | |
Meat | |
Sea Food | |
Baked Goods |
By Type of Packaging Product | |
Bags | |
Boxes | |
Cans | |
Cartons | |
Trays | |
Wrappers | |
Others |
By Country | |
United States | |
Canada | |
Rest of North America |
North America Frozen Food Packaging Market Size Summary
The North American frozen food packaging market is experiencing significant growth, driven by the increasing consumer demand for convenience meals and the evolving grocery shopping habits. As busy lifestyles become the norm, the preference for frozen foods, which require less preparation time, is on the rise. This trend is further amplified by the shift towards online grocery shopping, where consumers seek convenient and safe food options. Retailers are adapting by offering various order fulfillment methods, such as home delivery and curbside pickup, to cater to this demand. The market is also witnessing innovation in frozen food products, including plant-based and immunity-boosting options, which appeal to a diverse consumer base. The COVID-19 pandemic has further accelerated this trend, with frozen foods becoming a popular choice for meals, thereby boosting the demand for effective packaging solutions.
The market for frozen food packaging in North America is also influenced by the growth of e-commerce and the need for portable packaging solutions. As more consumers shop online, the demand for packaging that can securely transport food items through complex distribution channels is increasing. This has led to a rise in the use of flexible bags and other convenient packaging forms. The retail landscape in the United States is highly competitive, with major players like Walmart and Kroger driving market growth. Additionally, the demand for frozen food packaging is largely driven by millennials, who prefer single-serving and on-the-go food options. Key industry players are investing in product innovation to meet these demands, with recent developments focusing on sustainable and eco-friendly packaging solutions.
North America Frozen Food Packaging Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Value Chain / Supply Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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1.4 Assessment of COVID-19 impact on the Industry
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2. MARKET SEGMENTATION
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2.1 By Primary Material
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2.1.1 Glass
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2.1.2 Paper
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2.1.3 Metal
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2.1.4 Plastic
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2.1.5 Others
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2.2 By Type of Food Product
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2.2.1 Readymade Meals
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2.2.2 Fruits and Vegetables
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2.2.3 Meat
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2.2.4 Sea Food
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2.2.5 Baked Goods
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2.3 By Type of Packaging Product
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2.3.1 Bags
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2.3.2 Boxes
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2.3.3 Cans
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2.3.4 Cartons
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2.3.5 Trays
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2.3.6 Wrappers
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2.3.7 Others
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2.4 By Country
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2.4.1 United States
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2.4.2 Canada
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2.4.3 Rest of North America
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North America Frozen Food Packaging Market Size FAQs
What is the current North America Frozen Food Packaging Market size?
The North America Frozen Food Packaging Market is projected to register a CAGR of 7.30% during the forecast period (2024-2029)
Who are the key players in North America Frozen Food Packaging Market?
Pactiv Evergreen , Amcor Ltd, Genpack LLC, Graham Packaging Company and Ball Corporation are the major companies operating in the North America Frozen Food Packaging Market.