Frozen Food Bags Market: An Overview
Substantial demand is witnessed for packaged food as it is convenient and quick. Ready-to-eat food is demanded due to busy lifestyles and growing urbanization. Frozen food bags are lightweight and resealable which enhances the convenience of the frozen food bags. The hectic work schedules have led to the adoption of frozen food products which requires less cooking time than a course meal at home. Easy availability of frozen food at various retail outlets is likely to augment the demand for frozen food bags. Moreover, frozen food bags increase the freshness and shelf life of a product. This is anticipated to fuel the market demand for frozen food bags.
Frozen Food Bags Market: Dynamics
Frozen food provides a lot of variety in terms of product offerings such as fresh produce, soups, dairy and confectionery, meat and processed food. Ease of preparation has led to high demand for frozen food. Increase in foodservice outlets has been a predominant contributor in the frozen food segment followed by the household segment. Frozen food bags helps in maintaining the taste, texture, colour and nutritional value of the product which protect it from getting spoilt due to external exposure. Frozen food bags come in various sizes and layers as per the requirements of the brand owners. The available surface on the frozen food bags gives brand owners an opportunity for marketing campaigning. The surface can be used for printing and communicating with the customers. This might have a positive impact on the market demand for frozen food bags.
Furthermore, the exchange of cuisines and produces have led to import and export of the food products. To cater to the demand from foreign countries and adaption for international dishes has led to the consumption of frozen foods. Desire to have unseasonal food such as fresh produce throughout the year is expected to propel the demand for frozen food bags. Demand for frozen food can be fulfilled with the use of right frozen food packaging. Thus, these factors are likely to boost the market demand for frozen food bags in the years to come. However, frozen food bags are made up with extra polymer layers which keep the food fresh and extend its shelf life but can make them re-cyclable. This might restrain the market demand for frozen food bags considering the environmental concerns.
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Frozen Food Bags Market: Segmentation
Frozen Food Bags market can be segmented on the basis of application, product type and material.
By Application, frozen food bags can be segmented as
- Ready To Eat Meals
- Meat, Seafood & Poultry
- Fresh Produce
- Bakery and Confectionery
By Product Type, frozen food bags can be segmented as
- Long handle bags
- Zipped closure bags
- Sliders zipped bags
By Material, frozen food bags can be segmented as
- Polyethylene (PE)
- Low-density polyethylene (LDPE)
- High-density polyethylene (HDPE)
- Polypropylene (PP)
- Oriented polypropylene (OPP)
- Biaxially oriented polypropylene (BOPP)
- Polyethylene (PE)
- Others ( Aluminium)
Frozen Food Bags Market: Regional Outlook
Asia Pacific is likely to lead the frozen food bags market due to rising disposable income and changing lifestyle of the customers. The developments in the food & beverage industry is expected to affect the growth of frozen food bags. Online food deliveries and rise in the number of foodservice outlets such as restaurants, cafes, lounges and quick service restaurants are likely to boost the demand for frozen food to prevent food from damage and extend its shelf life. This factor is anticipated to augment the market demand for frozen food bags market. North America is expected to have an steady growth due to the matured markets of the region. The eating habits of the population where frozen food is preferably consumed has led to early developments in the region’s frozen food market. Whereas, the emerging countries such as India and China have seen a recent shift in the eating habits of the population which allows higher growth rate.
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Frozen Food Bags Market: Impact of COVID 19
The frozen food market is likely to boost during the COVID 19 outbreak. Since grocery shopping online has got popular, the demand for frozen food has been consistent. Consumers might be going out for shopping less frequently than earlier. Therefore the need for food products with extended shelf life has rapidly increased. This is likely to augment the demand for frozen food bags. However, the demand for frozen food has reduced drastically from food outlets, which might be a limiting factor for the growth of frozen food bags for the year 2020.
Frozen Food Bags Market: Key Players
Key players in the frozen food bags market are as follows,
- International Plastics Inc
- Anchor Packaging
- Crown Holdings
- Graham Packaging Company
- Sealed Air Corporation
- WestRock Company
- Printpack Inc.
- Graphic Packaging International Inc.
- Emmerson Packaging
- LINPAC Group
- Sabert Corporation
Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.