India Frozen Food Packaging Market to grow at a CAGR of 16 %
India frozen food packaging market is segmented by material, by food product and by packaging product.
Based on the food product, India frozen food packaging market is segmented into glass, paper, metal, plastic and others. In terms of a food product, India frozen food packaging market is divided into ready-to-eat meals, fruits and vegetables, meat, seafood, baked goods and others. Bags, boxes, cans, cartons, trays, wrappers and others are packaging product of India frozen food packaging market. Regionally, India frozen food packaging market is divided into West India, East India, North India and South India.
Increase in the number of working women and young professional’s individuals, a growing income of the middle-class people drives the India frozen food packaging market. Changing the eating habits of consumers has shifted their preference to food fried, baked or toasted straight from the freezer, also frozen food provides good food with lesser cooking time, those factors further propel the market. Changes in taste and preference of the Indian consumers, Innovative advertisements, a rise in supermarkets and e-commerce boom, easily accessible to the food product, promised quality standards, health benefits of the food, Increase in consumption during special occasions and celebrations are other factor accelerating the India frozen food packaging market.
India Frozen Food Packaging Market
Plastic has gained huge popularity over the years due to its durability. Plastic packaging is a very flexible and adaptable form of packaging, it allows manufacturers to customize its shape, size and style as per their requirements. Plastic packaging is an extremely light-weight option. Plastic extremely easy to transport, thus reducing the carbon footprint during transportation. Plastic packaging can survive extreme environments and don’t easily degrade in hot and cold temperatures, thus preserving the integrity of the food or beverage inside it. It also protects food from moisture, oxygen, dust, light and odours.
Flexible packaging accounted for a 21 % share of India frozen food packaging market. Less water and energy is employed in the creation of flexible packaging and since tend to weigh less, minimum transportation costs and energy waste. Rather eco-friendly advantages, flexible packaging helps ensure food safety and prolongs shelf life. Flexible packaging includes pouches, bags, and overwrap or shrinks sleeve. Rigid packaging holds 19 % of share in India frozen food packaging market.
Fruits and vegetables and frozen snacks are anticipated to remain the most popular food product segment capturing a majority of the market share followed by baked products. A consumer is stocking more varieties of frozen food such as peas, corn. Frozen fruit & vegetable segment in India to grow CAGR of 3 %. More than 45% of the current market is composed of exports of minimally processed low-value marine products, meats, fruits and vegetables.
Western India has the largest share in the frozen food market. North India will show a steady growth in the forecast period and the Southern market will increase as a result of the growing popularity of frozen idli sambar.
Pactiv, Amcor, Genpak, Graham Packaging, Ball Corporation, Crown Holdings, Tetra Pak International, Huhtamaki N.A., Printpack Inc., International Paper Company, FLAIR Flexible Packaging Corporation, Crown Holdings Inc., Graphic Packaging International Inc., WestRock Company, Pactiv LLC, Sealed Air Corporation, and Bemis Company Inc. are players involved in the India frozen food packaging market.
Scope of the India Frozen Food Packaging Market
India Frozen Food Packaging Market, Packaging Material:
India Frozen Food Packaging Market, by Food Product:
• Readymade Meals
• Fruits And Vegetables
• Sea Food
• Baked Goods
• Frozen Snacks
India Frozen Food Packaging Market, by Packaging Product:
• West India
• East India
• North India
• South India
Key Player analysed in India frozen food packaging market:
• Graham Packaging
• Ball Corporation
• Crown Holdings
• Tetra Pak International
• Huhtamaki N.A.
• Printpack Inc.
• International Paper Company
• FLAIR Flexible Packaging Corporation
• Crown Holdings Inc.
• Graphic Packaging International Inc.
• WestRock Company
• Sealed Air Corporation
• Bemis Company Inc.
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