(Entertainment-NewsWire.com, May 23, 2018 ) Overview Fresh food packaging protects food products from environmental conditions and physical damage. It fills purchasers with information regarding the ingredients and nutritional cost, and more importantly, it helps in maintaining the quality of food as per the predetermined standards. Fresh food packaging is made of materials which include polyethylene, paper, aluminum, BOPET (Biaxial-oriented polyethylene terephthalate), and polyvinyl chloride. The global fresh food packaging industry particularly deals in meat & meat products, fruits, vegetables, and seafood. Frozen food may be saved for longer intervals than fresh food and organized in minimal time. Many kinds of frozen food come partially cooked and just need to be boiled or heated to prepare dinner them.
The worldwide frozen food Packaging market became worth USD 46.5 million in 2016 and estimated to be growing at a CAGR of 4.72% to attain USD 58.56 million by 2021.
Drivers and Restraints: Growth in women participation in the personnel and changes in a circle of relative’s dynamics has increased the consumption of frozen food, thereby, fueling the growth of the frost food packaging market. increase in the frozen food, growth in shopping strength in rising economies which include India, and China, the rise in demand for packaging for differentiating the product from the relaxation, the non-stop innovation and improvement in the packaging of food items, rapid urbanization and the increasing industries are promoting the global frozen food packaging market.
On the contrary, the dearth of professionals, the expensive equipment costs, lack of proper consumer awareness and other factors may inhibit the overall market growth to some extent.
Geographic Segmentation In 2016, Europe followed by North America has the largest revenue of the global market accounting for approximately 60% of the market proportion and is anticipated to hold its dominance at some stage in the forecast period due to the high demand for packaged and frozen food. But, the Asia Pacific is predicted to grow on the quickest rate, in a large part due to the growing economies like India and China, the rise in extra hypermarkets and supermarkets and the rising urbanization in these regions.
The main players of the market include 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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