Market Research Future (MRFR) has published a cooked research report on the “Global Ice Cream Packaging Market” that contains information from 2019 to 2032. The Ice Cream Packaging market is estimated to register a CAGR of 4.50% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Ice Cream Packaging market— Berry Global Group, Amcor Plc, ITC Packaging, INDEVCO GROUP, Huhtamaki Oyj, Sonoco Products Company, International Paper Company, Stora Enso Oyj, Frapak Packaging b.v., Tetra Laval, Stanpac Inc., Insta Polypack, Sirane Limited., Safepack Solutions, Uniflex, Delkor Systems Inc., Scholle Ipn Corporation, Pixelle Specialty Solutions, IIC Packaging, and Visstun.
Ice Cream Packaging Market Highlights
The global Ice Cream Packaging market is accounted to register a CAGR of 4.50% during the forecast period and is estimated to reach USD 1.28 billion by 2032.
There are nutritional benefits to traditional ice cream but no health benefits. Thus, customers may be persuaded to select the product as a healthy snack option by the growing interest of market participants in the fortification and addition of beneficial ingredients. Beyond providing basic nourishment, functional foods can also help lower or minimize the risk of certain diseases. As a frozen dairy product, ice cream will eventually go bad (typically within two to three months), but improper storage can cause it to go bad in just a few days. Microorganisms and an unpleasant odor will typically develop in a product kept in a stale storage environment. Additionally, it may detect volatile flavors that have been absorbed from the storage environment, such as paint and ammonia.
Segment Analysis
The global Ice Cream Packaging market has been segmented based on Packaging Type, Material, and Sales Channel.
On the basis of Packaging Type, the market is segmented into Cup, Tub, Stick Pack, Folding Carton, and Others (Jar, Cone Wrappers, etc.). The Cup segment was attributed to holding the largest market share in 2023. Growth is expected to be supported by consumers' increasing inclination toward ice cream cups because of their portability and ease of use.
Based on Material, the global Ice Cream Packaging market has been segmented into Plastic, Paper & Paperboard, Glass, and Others (Metal, etc.). The Plastic segment was expected to hold the largest market share in 2023. This is due to the strong and flexible nature of plastic packaging.
Based on the Sales Channel, the global Ice Cream Packaging market has been segmented into Online and Offline. The Online segment was expected to hold the largest market share in 2023, partly as a result of the continuous rise in mobile and broadband usage, especially in developing countries.
Regional Analysis
The global Ice Cream Packaging market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Ice Cream Packaging market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Ice Cream Packaging 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 Ice Cream Packaging market comprises the Middle East, Africa, and Latin America.
The largest market share for Ice Cream Packaging was maintained by the North American regional sector. The consumption of ice cream in the region is being driven by the proliferation of fast-food chains in the area and the widespread use of natural ingredients in the manufacturing of frozen dairy products. Because superior quality products have better ingredients and less aeration than conventional ones, they are becoming more and more popular among Americans who are health-conscious.
Moreover, Europe's market has evolved as a result of well-known enterprises shifting their product offerings to better meet the needs and interests of customers. Formerly viewed by many as an opulent treat, ice cream has evolved to the point that customers now predominantly and joyfully view it as a snacking alternative. With more money in their pockets, European consumers are supporting the region's market's steady expansion by enabling themselves to enjoy more and more.
Additionally, Fast food's growing appeal, rising disposable income, the region's fast urbanization, and the influence of Western food and culture have all contributed to the product's adoption in Asia Pacific. Operators are under pressure to pursue competitive advantages through innovations in product offers and service delivery due to the expanding acceptability of their products, intense rivalry, and sizeable customer base. Large regional firms are actively working to increase their presence in the Asian market by expanding their operations or acquiring smaller regional competitors.
Furthermore, the rest of the world's Ice Cream Packaging market is divided into the Middle East, Africa, and Latin America. In the upcoming years, favorable growth rates are predicted to be driven by rising disposable income, the growing popularity of ice cream in these areas, and the increased presence of significant enterprises.
Key Findings of the Study
- The global Ice Cream Packaging market is expected to reach USD 1.28 billion by 2032, at a CAGR of 4.50% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the expanding acceptability of their products, intense rivalry, and sizeable customer base.
- Based on Sales Channel, the Online segment was attributed to holding the largest market in 2023.
- Berry Global Group, Amcor Plc, ITC Packaging, INDEVCO GROUP, Huhtamaki Oyj, Sonoco Products Company, International Paper Company, Stora Enso Oyj, Frapak Packaging b.v., Tetra Laval, Stanpac Inc., Insta Polypack, Sirane Limited., Safepack Solutions, Uniflex, Delkor Systems Inc., Scholle Ipn Corporation, Pixelle Specialty Solutions, IIC Packaging, and Visstun are the key market players.
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Companies Covered | 15 |
Pages | 128 |
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