Market Size of Europe Frozen Food Packaging Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Frozen Food Packaging Market Analysis
The Europe Frozen Food Packaging Market has been valued at USD 52.59 Billion in 2020 and is expected to grow at a CAGR of 6% during the period 2021-2026.The Covid-19 pandemic resulted in a growing demand for frozen food packaging in the region, due to new or heightened hygiene and consumer-safety concerns, and the drive for redefined sustainability. Technological innovation, sustainability trepidations, and attractive economics are the major factors driving the growth of innovative and more sustainable, frozen food packaging. Also, the increasing market demand for customer-friendly packages and heightened product protection are expected to drive the growth of the market in Europe.
- 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's expectations of food quality are rising. There is an increase in the frozen food packaging market with the consumer appreciation of the product quality. With the growth in the economy and changing lifestyles there is an increased demand for frozen food packaging in Europe and the market is expected to grow lucratively during the forecast period.
- New packaging technologies, such as active packaging, intelligent packaging, and engineering science, have evolved over the years, which enables flexible packaging of food products. Companies are adopting eco-friendly packaging by using biodegradable packaging material which can be recycled, renewed, and reused.
- However, the market is anticipated to remain highly regulated with agencies such as the European Commission imposing stringent regulations regarding the use of food packaging types and food contact materials and slow growth of packaged food market is hampering the market growth.
Europe Frozen Food Packaging Industry Segmentation
Frozen food packaging helps to preserve food from the time it is prepared to the time it is eaten. The 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.
Europe Frozen Food Packaging Market Size Summary
The European frozen food packaging market is experiencing significant growth, driven by factors such as technological innovation, sustainability concerns, and the demand for customer-friendly packaging. The COVID-19 pandemic has further accelerated this demand due to increased hygiene and safety concerns. The market is characterized by the adoption of new packaging technologies, including active and intelligent packaging, which enhance product protection and extend shelf life. The rising consumer expectations for food quality, coupled with changing lifestyles and increased disposable income, are contributing to the market's expansion. However, the market faces challenges from stringent regulations imposed by the European Commission regarding food packaging materials and the slow growth of the packaged food sector.
The market is moderately fragmented, with several major players focusing on expanding their customer base internationally. Companies are investing in eco-friendly and recyclable packaging solutions to meet consumer preferences and regulatory requirements. The demand for frozen food packaging is particularly driven by millennials, who favor portable and convenient food options. The use of glass packaging is also notable, with a high recycling rate and positive consumer perception regarding its environmental benefits. Despite the challenges posed by the COVID-19 pandemic, the market holds significant growth potential, supported by ongoing investments in innovative packaging solutions and sustainable practices.
Europe Frozen Food Packaging Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing demand for convenience by consumers
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1.2.2 Increase in disposable income and changing consumer behavior
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1.3 Market Restraints
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1.3.1 Government Regulations and Interventions
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1.4 Value Chain / Supply Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Impact of Covid-19 in the market
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1.7 Technology Overview
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1.7.1 Technology Snapshot
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1.7.2 Type of frozen food packaging products
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1.7.3 Primary materials used for frozen food packaging
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1.7.4 Ongoing developments
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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 Packaging Product
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2.2.1 Bags
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2.2.2 Boxes
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2.2.3 Tubs and Cups
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2.2.4 Trays
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2.2.5 Wrappers
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2.2.6 Pouches
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2.2.7 Other Types of Packaging
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2.3 By Type of Food Product
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2.3.1 Readymade Meals
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2.3.2 Fruits and Vegetables
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2.3.3 Meat
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2.3.4 Sea Food
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2.3.5 Baked Goods
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2.3.6 Others
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2.4 By Country
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2.4.1 United Kingdom
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2.4.2 Germany
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2.4.3 France
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2.4.4 Spain
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2.4.5 Italy
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2.4.6 Rest of Europe
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Europe Frozen Food Packaging Market Size FAQs
What is the current Europe Frozen Food Packaging Market size?
The Europe Frozen Food Packaging Market is projected to register a CAGR of 6% during the forecast period (2024-2029)
Who are the key players in Europe Frozen Food Packaging Market?
Pactiv Evergreen, Amcor Ltd, Genpack LLC, Graham Packaging Company and Ball Corporation are the major companies operating in the Europe Frozen Food Packaging Market.