Freezer Bags Market Size Analysis
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.
The market is expected to profit from consumers’ increased preference for packaged food worldwide during the forecast period. Consumers’ rising disposable income and rapid urbanization are expected to boost market expansion in the foreseeable future. Because of the quick pace of life, consumers now favor practical packaging techniques for keeping food, so there is less chance of infection.
THE EXPANSION OF THE FOOD AND PHARMACEUTICAL SECTORS IS RESPONSIBLE FOR MAKET GROWTH
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.
THE MARKET IS PROJECTED TO SUFFER SIGNIFICANTLY FROM STRINGENT REGULATIONS AND POLICY MEASURES
The market is expected to experience significant losses during the forecast period due to the implementation of strict regulations and policy measures. Another factor projected to impede market expansion throughout the forecast period is the global limit on the use of plastics.
Market Segments Covered in Report
By Region and Country:
What is the significance of HDPE Freezer Bags?
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.
Why is the food & beverage segment increasing its demand in the anticipated period?
Food and drink can be kept fresher and longer using freezer bags. 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.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
The demand for reliable and secure packaging solutions is rising as the packaged food market continues to boom worldwide. Freezer bags are one of the many cutting-edge packaging options made possible by packaging strategies that decrease food exposure to biotic factors to prevent deterioration. Numerous start-ups firmly establish their presence in the global market as they see their potential.
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Material, Application, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.3%.
The expansion of the food and pharmaceutical sectors is developing the market growth during the forecast period.
Major global Freezer Bags Market players 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.
The market is projected to suffer significantly from stringent regulations and policy measures.
North America is expected to account for the largest market revenue share in the Global Freezer Bags market.
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