Global Refrigeration Packaging Market Size, Share, Trends, Growth, Future Scope, Analysis by Packaging Material (Paper & Paperboard, Plastic, Metal and Others), by packaging type (Boxes And Cartons, Bags And Pouches, Containers, Bottle & Jars and Others), By end-user (Residential, Non-Residential) and Region – Forecast To 2023
The global refrigeration packaging market is touted to surpass USD 10 billion at a notable 5.37% CAGR over the estimated years (2017-2023). Packaging plays a vital role for every food product. This helps in protecting, promoting, informing and playing a pivotal part in offering consumers with convenience. When foods are properly frozen it helps in maintaining their texture, flavor and original color and above all its nutrients compared to foods that are preserved through other methods. With rising household incomes and busy consumer lifestyles, a major part of the populace is on the lookout for convenient choices which can fit perfectly in their hectic schedules. Advancements and innovations in technology have allowed flexible packaging companies to provide improved packaging designs and new film types that helps in protecting, promoting and storing the product. Various specifications such as single serve packing, tear notch openings, re-sealable zippers and printed films play a vital part to enhance this trend.
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Leading players profiled in the refrigeration packaging market include
- WestRock Company (U.S.)
- Sonoco Products Company (U.S.)
- Sealed Air Corporation (U.S.)
- Pactiv LLC (U.S.)
- International Paper Company (U.S.)
- Graphic Packaging International, Inc. (U.S.)
- Crown Holdings Incorporated (U.S.).
- Bemis Company, Inc. (U.S.)
- Ball Corporation (U.S.)
- Amcor Limited (Australia).
May 2019- Ecolean is coming up with its next packaging production facility in Sweden that will employ about 100 people post completion of the construction sometime in 2020. This new production facility in Landskrona will make lightweight packaging solutions for catering the need of the liquid food industry. The lightweight packaging solutions are given the shape of a pitcher thereby making it capable to stand on the shelf. The package range can be utilized for chilled liquid products including beverages, soups, still drinks and dairy. These packages will consume less space as well as lead to minimum waste volumes.
MRFR report provides an extensive segmental analysis of the refrigeration packaging market on the basis of material, type and end-user.
Based on packaging material, it is segmented into metal, plastic, paper & paperboard and others.
Based on packaging type, the refrigeration packaging market segmented into bottle and jars, containers, bags and pouches, boxes and cartons and others.
Based on end-user, it is segmented into non-residential and residential.
By region, the refrigeration packaging market covers growth opportunities and latest trends across North America, Asia Pacific, Europe and Rest of the World. Of these, North America will sway the market over the estimated years. This is owing to the inclination of people in this region for convenience food products. The growing need for seafood, poultry and meat is also expected to bolster the market demand along with boost in global population and demographic shifts.
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