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Global Frozen Food Packaging Market to Grow At CAGR of 4.78% from 2016 to 2020 due to High Demand for Convenience Food Items

Press Release   •   Feb 09, 2017 04:56 EST

MarketResearchReports.biz has added a new research report, titled “Global Frozen Food Packaging Market 2016-2020,” to its huge repository. The research report on the global frozen food packaging market studies the historical data and compares it to the present-day condition of the market to offer an insight into the trajectory of the market. Furthermore, the research report has also analyzed the global frozen food packaging market with the help of SWOT analysis and Porter’s five forces analysis. The former highlights the strengths, the weaknesses, the opportunities, and the threats, while the latter points out the threat of new entrants, the threat of substitute products or services, the bargaining power of customers, the bargaining power of suppliers, and the intensity of competitive rivalry in the global frozen food packaging market.

According to the research report, the frozen food packaging market is expected to expand at a CAGR of 4.78% from 2016 to 2020. The growth of the global frozen food market is attributable to manufacturers developing innovative freezing techniques to retain the nutritional quality of frozen food items such as fruits and vegetables. The huge demand for convenience food products is also fueling the growth of this market. In the coming years, all through 2020, the global frozen food packaging market is expected to witness a robust growth rate.

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The research report also points some of the noteworthy growth drivers in the global frozen food packaging market such as a proliferating retail network in the Middle East, Africa, and Asia Pacific, along with a growing preference for convenience foods items amongst the student population and a burgeoning working class, who do not have time for elaborate meals. Furthermore, the global frozen food packaging market is also proliferating due to the growing popularity of microwave ovens, which permit consumers to prepare meals by heating ready-to-eat food packages. Additionally, technologically advanced packaging and powerful packaging ideas with increased visual appeal are also driving the growth of this market.

For further clarification of the global frozen food packaging market, the research report segments the market on the basis of products sold in the market and geography. On the basis of product, this market is segmented into frozen specialties, baked goods, fruits and vegetables, and meat, poultry, and seafood. Geographically, this market is segmented into the Americas, Asia Pacific, and the Middle East and Africa.

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The global frozen food packaging market research report profiles some of the top players in the market such as Graham Packaging, Amcor, Genpak, Ball Corporation, Pactiv, and Crown Holdings. The research report offers a complete analysis of the competitive landscape of the global frozen food packaging market and details the investment structure as well. Furthermore, the research also offers details pertaining to the research and development activities, product portfolio, business and marketing strategies, investment outlook, and financial overview of these companies.

 

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