Global interest in frozen foods has soared in recent years, resulting in numerous growth opportunities for manufacturers.
In fact, Technavio predicts the global frozen food packaging market will reach close to $9bn by 2019, growing at a CAGR of approximately 5% during the period 2016-20.
And while frozen ready meals was the leading product segment in 2015, other product categories such as frozen fruits and vegetables continue to gain momentum. There are several key drivers which are fuelling the frozen foods segment.
Worldwide economic growth and coinciding rising incomes, as well as consumers’ increasingly busy lifestyles, mean that more and more people are looking for convenient meal options that fit within their busy daily lives.
Technological advancements have also played a central role, with new film types and improved packaging designs coming to the forefront such as transparent and coloured films, tear-notch openings, hanging holes, sealable zippers and single serve packaging.
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