Market Highlights: The chilled food packaging is packaging required to store the chilled food. The chilled food is stored under the refrigeration temperature means below 8 degree Celsius. This type of packaging protects the food product from outside factors such as temperature changes, moisture and vapor, sometimes in very extreme conditions to keep food fresh. Chilled food packaging helps to maintain the quality and shelf life of the product. The main food products that required chilled packaging are chilled ready to eat products, seafood, bakery items and fresh meat. The increased disposable income of the middle-income population from developing countries increasing the demand for chilled food packaging. The market study is being classified by Type (Rigid Packaging {Boxes, Cans, Trays, Cup and Cartons} and Flexible Packaging {Films and Warps, Bags and Sacks}), by Application (Ready Meals, Meat and Poultry, Sea Food, Vegetables and Fruits, Bakery and Confectionery, Dairy Food and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Chilled Food Packaging are Amcor Ltd. (Australia), Ball Corporation (United States), Smurfit Kappa Group (Ireland), Mondi (Austria), Sonoco Products Company (United States), Reynolds Group (New Zealand), Sealed Air Corporation (United States), WestRock Company (United States), Berry Global, Inc. (United States) and Crown Holdings (United States).
Major Market Development Highlights On 1st May 2019, Sealed Air Corporation announced that it has signed a definitive agreement to acquire Automated Packaging Systems, Inc., a leading manufacturer of high-reliability automated bagging systems. In Nov 2019, The Ministry of Agriculture and Fisheries announced the banned on the two varieties of fish in the local market. Though, this decision did not impact on exporting canned fish. The player is exporting yellowfin tuna in chilled packaging to enhance their quality.
Key Questions Answered in the Report What will the Chilled Food Packaging Market size and the growth rate be in Future? What are the key factors driving the Chilled Food Packaging Market? What are the key market trends and macro-economic impacting the growth of the Chilled Food Packaging Market? What are the challenges to market growth? Who are the key vendors in the Chilled Food Packaging Market? What are the market opportunities and threats faced by the vendors in the Chilled Food Packaging Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Chilled Food Packaging Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Chilled Food Packaging market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Chilled Food Packaging market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Chilled Food Packaging Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.