Seattle, December 28, 2021 (GLOBE NEWSWIRE) – World Ice cream packaging market Valued at US$650 million in 2020, it is expected to show a compound annual growth rate of 5.05% over the forecast period (2021-2028).
key Global Ice Cream Packaging Market Trends and Analysis:
Ice cream packaging provides the protection, tamper resistance, and special physical and chemical needs of ice cream. Moreover, ice cream packaging helps food nutrition, rapid and reliable food distribution among the value chain, and reduces post-harvest losses. There was a growing demand for ready-made ice cream for time poor consumers. The increase in office parties, get-togethers and family reunions is driving up the demand for ice cream, which in turn is expected to drive the growth of the global ice cream packaging market.
Ice cream is very popular all over the world and is consumed directly or with other food items in various festivals and occasions such as marriages, birthday celebrations, etc. Ice cream packages help protect their belongings when moving from one place to another. It also protects its contents from external environmental influences such as water, water vapor, gases, odors, microorganisms, dust, shocks, vibrations and pressure forces.
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The packaging contains a lot of information such as the name of the manufacturer, the name of the product, the conditions and uses, the date of manufacture, the best before and nutritional information, which helps the consumer to be more informed. Demographic factors including an aging population, along with an increase in the number of small families, are expected to drive demand for prepared foods and thus drive market growth.
Main market takeaway:
The global ice cream packaging market is expected to register a CAGR of 5.05% during the forecast period (2021-2028). The increasing development of ice cream packaging in emerging and developed economies such as China, India, Brazil, Russia, the United States and some other Eastern European countries are the main factors driving the growth of the ice cream packaging market. In the past few years, global trade, urbanization and population have increased. With the increase in exports and imports of ice cream, the demand for ice cream packaging has also increased.
The ice cream packaging market is witnessing many technological developments like advanced packaging designs for product storage, protection and promotion and this plays a vital role in increasing the demand for ice cream packaging during the forecast period. Moreover, various value-added features including high-quality zippers and notches and use of high-quality graphics are expected to increase the consumption of ice cream and thus drive the growth of the market. In addition, an increasing number of supermarkets/supermarkets are also expected to drive the market growth.
The major market players operating in the ice cream packaging market include Sonoco Products Company, International Paper Company and Sealed Air Corp. Huhtamaki Oyj, Amcor Plc, and Linpac Group Ltd. and Ampac Holdings LLC, INDEVCO Group, Tetra Laval, Berry Global, Stora Enso, and SIG. These major players adopt various organic and inorganic growth strategies such as mergers and acquisitions, expansion, joint ventures, collaborations, strategic alliances, new product launches, and others to expand their business operations and regional presence.
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For example, in August. 03, 2020 Sonoco Products Company has acquired Can Packaging, a privately owned manufacturer of sustainable paper packaging and related manufacturing equipment, headquartered in Habsheim, France, for €41.7 million, or approximately $49 million.
- Global Ice Cream Packaging Market, By Packaging Type:
- stick packs
- folding carton
- Global Ice Cream Packaging Market, By Distribution Channel
- Supermarket / hypermarket
- Ice cream parlors
- active shops
- Global Ice Cream Packaging Market, By Region:
- North America
- Latin america
- Rest of Latin America
- United kingdom
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
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