Ice Cream Packaging Market: Overview
Amid the COVID-19 pandemic, the sales of the ice-cream packaging will increase due to the boost in indulgence purchases in retail ice-cream and frozen desert. The recent introduction of novel ice cream and frozen dessert flavours and styles which also include vegan ice cream and other diet oriented frozen products will support the retail sales and thus related demand for ice cream packaging. There is growing popularity of more packaging-intensive single-serving goods of varied sizes due to convenience factor and control over portion.
The rise in super-premium ice cream products, the coming of new flavours, the introduction of gelato and gourmet has deeply impacted the ice cream industry as a whole. Consumers change their need every second rather it be a cup of ice cream, a cone, a likeable stick, a family brick, a tub for letting go of one's sorrow and many others. Such a varied demand for different sizes will increase demand for the ice cream packaging market.
Sustainability is also increasingly important, especially in premium products. Leading packaging suppliers are on an intent to use high-value intensive packaging product which is recyclable, biodegradable and lighter in weight. Reducing the use of plastic in premium ice-cream products is a growing area of focus. For this companies are trying to improve the sustainability of traditional tubs and cups. Oatly and Coconut Bliss replaced their paperboard container which was coated with polyethylene with paperboard tubs lined with sugarcane-based bio-resin.
Ice Cream Packaging Market: Dynamics
Ice cream tubes and cups remain the largest use packaging for the ice cream industry. Apart from these products, traditional pints and ice cream sticks also remain highly consumed single-use products. The fastest growth among the packages is now projected for ice cream pouches which in turn are used with popsicles, hand bars, and ice cream sandwiches. In frozen desert packaging there is also a rise in the usage of stand up pouches.
The rise in home eating during the COVID-19 pandemic with addition to indulgence purchases have increased the demands of small-sized individual portion container such as ice cream bars and cups. But as soon as the pandemic recedes the demand will also decrease for the ice cream packaging market.
An increase in health-conscious trends such as the incoming of vegan ice cream will also lead to a boost in the ice cream packaging market. As it can be said that with the introduction of more flavors and varieties of premium ice cream, the need for more effective ice cream packaging will simultaneously increase too.
Ice Cream Packaging Market: Segmentation
The ice cream packaging market is segmented by packaging type and distribution channel.
By packaging type, the ice cream packaging market can be segmented into;
- Stick Packs
- Folding Carton
By distribution channel, ice cream packaging market can be segmented into;
- Supermarket/ Hypermarket
- Convenience Stores
- Ice-Cream Parlors
- Online Stores
Ice Cream Packaging Market: Regional Outlook
The sales of ice cream in the United States of America have increased in the last decade according to a report released by Food and Drug Administration (FDA). But in general North America and Europe has seen a slow rise in the consumption of ice cream which keeps the ice cream packaging market at a steady pace as in these areas there is a transition towards healthy and vegan alternatives which has a positive impact on their bodies.
But in the regions of the Asia Pacific and Middle East & Africa economies are booming and the lifestyle of people are changing. With the onset of urbanization and an increase in the standard of living of families, a spike in the consumption of ice cream is been seen in both regions. New flavours of ice cream, Gourmets, Gelato, other super-premium products have caused a rise in ice cream sales across the continents which in turn boost the ice cream packaging market.
Ice Cream Packaging Market: Key Players
Key players of ice cream packaging market are;
- Sonoco Products Company
- International Paper Company
- Sealed Air Corp.
- Huhtamaki Oyj
- Amcor Plc,
- Linpac Group Ltd.
- Ampac Holdings LLC
- INDEVCO Group
- Tetra Laval
- Berry Global
The report ice cream packaging market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on ice cream packaging market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- Middle East & Africa (MEA)
- South Asia
- East Asia
- A detailed overview of the parent market
- Changing ice cream packaging market dynamics in the industry
- In-depth ice cream packaging market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments in the ice cream packaging market
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for players to sustain and enhance their market footprint
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.