Study: Frozen food packaging market to account for $39M by 2022
Demand for frozen food packages will continue to increase thanks to a surge in the food delivery system.
The global market of frozen food products is projected to reflect a CAGR of 4.9% over the forecast period 2017-2022, according to a study released by Future Market Insights, Valley Cottage, N.Y.
Growth of the global frozen food packaging market is mainly bound to various micro-economic and macro-economic factors. Demand for frozen food packages will continue to increase thanks to a surge in the food delivery system. In an attempt to attract customers, food and beverage manufacturers are increasingly offering frozen food products through online portals. Moreover, a surge in demand for frozen desserts has further contributed toward growth of the global frozen food packaging market. With the growing need to protect the food products from exposure to extreme weather conditions and moisture, manufacturers are implementing enhanced packaging solutions such as temperature-controlled and tamper-proof packaging.