Freezer Bags Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Freezer Bags Market grew at a CAGR of 3.5% between 2017-2021 and is estimated to be US$ 3845.2Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.3% and is expected to reach a valuation of US$ 5,858.2Mn by 2032 end.
It is anticipated that the expansion of the food and pharmaceutical sectors will significantly influence the market growth development during the forecast period. Benefits of freezer bags include their greater thickness, superior durability, toughness, and reduced risk of punctures. As a result, it is anticipated that these bags will become quite popular, and the market will expand throughout the projection period.
It is anticipated that changing lifestyles and rising consumer preference for improved storage and food packaging solutions will increase market size. The meat and poultry market is projected to expand quickly. Increased intake of cold meat that has been stored can be responsible for this.
ChemView Consulting has analyzed that it is anticipated that the expansion of the food and pharmaceutical sectors will significantly influence the market growth development during the forecast period. Benefits of freezer bags include their greater thickness, superior durability, toughness, and reduced risk of punctures. As a result, it is anticipated that these bags will become quite popular, and the market will expand throughout the projection period
A polymer known as HDPE (High-density polyethylene) primarily consists of unbranched chains. Additionally, it contains linear and branched types. Due to its low density, it is known to have higher rigidity, greater dimensional stability, and better chemical resistance than other plastics. HDPE is mostly used in packaging and plastic bags.
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Segments Covered in Report
By Type:
- Flat Freezer Bag
- Satchel Freezer Bag
- Block Bottom Freezer Bag
By Material:
- HDPE Freezer Bags
- MDPE Freezer Bags
- LDPE Freezer Bags
By Application:
- Food & Beverage
- Pharmaceuticals
- Packaging
- Others
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Freezer Bags Market
- Based on the material, a polymer known as HDPE (High-density polyethylene) primarily consists of unbranched chains. Additionally, it contains linear and branched types. Due to its low density, it is known to have higher rigidity, greater dimensional stability, and better chemical resistance than other plastics. HDPE is mostly used in packaging and plastic bags.
- Based on the application, freezer bags can keep food and drink fresher and longer. Vegetables, fruits, and meats are among the foods that can be controlled in freezer bags. This is not just restricted to these three categories; it also covers juices, prepared meals or snacks, poultry, and seafood. The foods above can keep fresh for months if you properly store them in a freezer bag.
- Based on the region, North America is anticipated to hold a 31.8% market share throughout the forecast period, leading the worldwide freezer bag market. The area’s dominance is due to the popularity of packaged foods and drinks. The U.S. is anticipated to contribute the most to market growth during the forecast period.
Competition Summary
Key companies covered in the market study are Thantawan Industry Plc., CeDo Ltd., Plastic Slovakia s.r.o., GELU- PLAST packaging films GmbH & Co.KG, EURO – PAC Unterrainer GmbH, DUO-PAck Co. Ltd., Comcoplast Comco Commercial Cooperation GmbH, Cofresco Frischhalteprodukte GmbH & Co. KG, Forum-Plast GmbH, Sun Plast, Kerler GmbH, Richmond Plastics Ltd., Simpac, Shanghai Huitai Packaging Co, LTD., Teong Chuan Plastic (M) Sdn Bhd
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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