Global Refrigeration Packaging Market, to grow with ~5.37% CAGR during the forecast period

Market Research Future published a raw research report on Global Refrigeration Packaging market that contains the information from 2015 to 2023. Global Refrigeration Packaging Market is expected to grow at CAGR ~5.37% from 2017 to 2023.

Taste the market data and market information presented through more than 55 market data tables and 45 figures spread in 111 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Refrigeration Packaging Market Information from 2017 to 2023"

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Plastics are widely used for packaging frozen foods as their characteristics not only maintain the quality of the end product, but are lightweight and allow it to be readily accessible. By using plastics, manufacturers also benefit from solutions which are moldable, and cost-effective. The demographic and social trends are putting pressure on the economy for food and shelter. The pressure exerted on food supplies act as a challenge for both consumers and manufacturers. Hence, the economy will see significant changes in the way frozen foods are perceived by the consumers.

The growth in the market is due to the changing lifestyles of the population in developing economies. But now, the refrigeration industry is aiming higher. There has been a push to take advantage of the benefits of ammonia while reducing the risks. This has resulted in an innovative solution low-charge packaged refrigeration equipment that uses ammonia or CO2 and a secondary refrigerant (such as glycol). This allows facilities to reap the benefits of ammonia’s excellent thermodynamic properties while minimizing the charge and risk.

With the change is the consumer lifestyle and the increasing trend of smaller families, the food items packaged in smaller portions have higher demand. The retailers/ suppliers of frozen packaging are also preferring the single use packaging due to the limited availability of shelf space in stores. For meat blocks, meat cuts or smaller portions of meat or meat products, single-layer films provide good protection from external contamination and to some extend from evaporation. Another important utilization for single-layer films is in freezer storage. One specific utilization for single-layer films, is the wrapping of chilled meat portions for self-service outlets.

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Growth in the retail sectors/increasing number of retails outlets

With the increasing adoption of convenience shopping, the retail sector is growing rapidly. The retail sector is booming, owing to factors such as favourable demographics, rising consumer incomes and real estate developments, especially the emergence of new shopping malls. With the emergence of consumerism, retailers face more knowledgeable and demanding consumers. As the business exists to satisfy consumer needs, the growing consumer expectation has forced retail organizations to set up more number of retail outlets.

Inclination towards fresh cooked food acts as a major restraint:

With the increasing awareness regarding proper nutrition among youth, there is an inclination towards fresh cooked food. In developing countries such as India, where households still consist of many members, homemade food, i.e. the fresh cooked food, is more preferred as it is more economical, nutritious and hygienic. The lifestyle of the consumers also has strong influence on the type of the fresh food consumed. Promotion of healthy eating habits and the increase in education about food needs, are also driving the inclination of the consumers, specifically towards fresh cooked food.

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We recognize the key players in the global refrigeration packaging market as Amcor Limited (Australia), Ball Corporation (U.S.), Bemis Company, Inc.(U.S.), Crown Holdings Incorporated (U.S.)., Graphic Packaging International, Inc.(U.S.), International Paper Company (U.S.), Pactiv LLC (U.S.), Sealed Air Corporation (U.S.), Sonoco Products Company (U.S.), and WestRock Company (U.S.)

This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global Refrigeration Packaging market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.

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