What is Chilled Food Packaging Market Scope?
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 Chilled Food Packaging 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.
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new solution launches, and collaborations as their strategies. Key players are exploring new areas through expansions and acquisitions across the world to avail a competitive advantage through combined synergies Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Chilled Food Packaging market throughout the predicted period.
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) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Bemis Company, Inc. (United States), Graphic Packaging International, Inc. (United States), International Paper Company (United States) and Pactiv LLC (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Chilled Food Packaging market by Type, Application and Region.
On the basis of geography, the market of Chilled Food Packaging has been segmented into 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).
Market Influencers and their development strategies
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.
Influencing Market Trend
- Demand for Innovative and Attractive Packaging
Market Drivers
- Increased Consumption of Frozen Food Products
- Increased Awareness about Foodborne Illness and Food Spoilage
- Increased Shelf Life of the Product Creates Demand for Chilled Packaging
Opportunities
- Rising Demand from the Developed and Developing Countries
- Expansion of Chilled Food Products Market
- Growing Packaging Industry Worldwide
Restraints
- Dependency on Third-Party Distributors to Reach To Customers
- Fluctuations in the Raw Material Prices Required for the Packaging
Challenges
- Maintain Quality of Food with Perfect Temperature Control
- Stringent Government Rules and Regulations about Food Safety
Key Target Audience
Chilled Food Packaging Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
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