Market Research Future (MRFR) has published a cooked research report on the "Global Freezer Bags Market" that contains information from 2018 to 2032. The Freezer Bags market is estimated to register a CAGR of 4.80% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Freezer Bags market— Cofresco Frishhalteprodukte GmbH & Co. KG, Comcoplast Comco Commercial Cooperation GmbH, Forum-Plast GmbH, Kerler GmbH, Sun Plast, CeDo Ltd., Thantawan Industry Plc., Plastic Slovakia s.r.o., EURO-PLAST packaging films GmbH & Co. KG, DUO-Pack Co. Ltd., Richmond Plastics Ltd., Shanghai Huitai Packagoing Co., LTD., Eddi-Plastic GmbH, Ahrbach Verpackungen GmbH, Simpac, Teong Chuan Plastic (M) Sdn Bhd., American Bag Company, mk Plast GmbH & Co. KG, Rudolf Klojer GmbH.
Freezer Bags Market Highlights
The global Freezer Bags market is accounted to register a CAGR of 4.80% during the forecast period. It is estimated to reach USD 6.8 billion by 2032.
The hectic lifestyles of people is the key driver, customers are looking for efficient storage and packaging solutions to store their items properly, which are driving the freezer bags market. The government's strict rules and regulations regarding the use of polythene bags are restraining the market's growth. Additionally, with the recent development and innovation in the manufacturing of storage and packaging bags, companies are now producing eco-friendly and biodegradable bags, which is anticipated to promote the growth of the global Freezer Bags market.
Segment Analysis
The global Freezer Bags market has been segmented based on product type, material type, and application.
On the basis of product type, the market is segmented into the flat, satchel, block bottom, PP., nylon, and polyster. The flat bag segment was attributed to holding the largest market share in 2022 due to ease of storage and economic effectiveness.
Based on material type, the global Freezer Bags market has been segmented into HDPE, MDPE, and LDPE. The HDPE segment was attributed to holding the largest market share in 2022 due to its more rigid quality, improved dimensional stability, and better chemical resistance than other polymers.
Based on application, the global Freezer Bags market has been segmented into freezer bags for foods and freezer bags for non-food articles. The freezer bags for the food segment were expected to hold the largest market share in 2022 because food is kept longer.
Regional Analysis
The global Freezer Bags market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the U.S. and Canada. The Europe Freezer Bags market comprises Germany, France, the U.K., Italy, Spain, and the Rest of Europe. The Freezer Bags market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia-Pacific. The Rest of the World Freezer Bags market comprises of Middle East, Africa, and Latin America.
The largest market share for Freezer Bags was maintained by the North American regional sector. This increase is attributed to a rise in packaged food and beverage demand. Additional market growth factors include increased investor investments, government support, and the technology's viability. Implementing stringent rules, the growing trend of using eco-friendly and biodegradable bags and major production companies all impact the U.S. market.
Moreover, the European market has been persistently growing over the forecast period. The demand for Freezer Bags is driven by rising demand for storage bags due to hectic lifestyles. The market expansion is supported by an increase in the use of eco-friendly freezer bags due to a rise in consumer preference for using effective storage solutions.
Additionally, there is a growing demand for efficient packaging solutions due to expanding demand for several products such as food, fresh meat, pharmaceuticals, and other perishable items. Asia Pacific is anticipated to experience the quickest growth over the forecast period. The Asia Pacific market will benefit from a growing emphasis on environmentally friendly freezer bags.
Furthermore, the Rest of the world's Freezer Bags market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising demand for proficient storage bags and packaging solutions. Government support, a rise in investor interest, and the viability of the technology in the sector contribute to market expansion.
Key Findings of the Study
- The global Freezer Bags market is expected to reach USD 6.8 billion by 2032, at a CAGR of 4.80% during the forecast period.
- The Asia-Pacific region was the fastest-growing global market due to the increasing demand for food, fresh meat, pharmaceuticals, and other perishable items.
- Based on material type, the HDPE segment was attributed to holding the largest market in 2022, with an approximate market share of X–X%.
- Cofresco Frishhalteprodukte GmbH & Co. KG, Comcoplast Comco Commercial Coopertaion GmbH, Forum-Plast GmbH, Kerler GmbH, Sun Plast, CeDo Ltd., Thantawan Industry Plc., Plastic Slovakis s.r.o., EURO-pac Unterrainer GmbH, GELU-PLAST packaging films GmbH & Co.KG, DUO-PAK Co. Ltd., Richmond Plastics Ltd., Shanghai Huitai Packaging Co., LTD., Eddi-Plastic GmbH, Ahrbach Verpackungen GmbH, Simpac, Teong Chuan Plastic (M) Sdn Bhd., American Bag Company, mk Plast GmbH & Co. KG, Rudolf Klojer GmbH.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Freezer Bags Market
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Companies Covered | 15 |
Pages | 128 |
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