Global Freezer Bags Market

Freezer Bags Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Freezer Bags Market grew at a CAGR of 3.5% between 2017-2021 and is estimated to be US$ 3845.2Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.3% and is expected to reach a valuation of US$ 5,858.2Mn by 2032 end.

The market is expected to profit from consumers’ increased preference for packaged food worldwide during the forecast period. Consumers’ rising disposable income and rapid urbanization are expected to boost market expansion in the foreseeable future. Because of the quick pace of life, consumers now favor practical packaging techniques for keeping food, so there is less chance of infection.

Market Dynamic

THE EXPANSION OF THE FOOD AND PHARMACEUTICAL SECTORS IS RESPONSIBLE FOR MAKET GROWTH

It is anticipated that the expansion of the food and pharmaceutical sectors will significantly influence the market growth development during the forecast period. Benefits of freezer bags include their greater thickness, superior durability, toughness, and reduced risk of punctures. As a result, it is anticipated that these bags will become quite popular, and the market will expand throughout the projection period.

It is anticipated that changing lifestyles and rising consumer preference for improved storage and food packaging solutions will increase market size. The meat and poultry market is projected to expand quickly. Increased intake of cold meat that has been stored can be responsible for this.

THE MARKET IS PROJECTED TO SUFFER SIGNIFICANTLY FROM STRINGENT REGULATIONS AND POLICY MEASURES

The market is expected to experience significant losses during the forecast period due to the implementation of strict regulations and policy measures. Another factor projected to impede market expansion throughout the forecast period is the global limit on the use of plastics.

Market Segments Covered in Report

By Type:

• Flat Freezer Bag
• Satchel Freezer Bag
• Block Bottom Freezer Bag

By Material:

• HDPE Freezer Bags
• MDPE Freezer Bags
• LDPE Freezer Bags

By Application:

• Food & Beverage
• Pharmaceuticals
• Packaging
• Others

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

What is the significance of HDPE Freezer Bags?

A polymer known as HDPE (High-density polyethylene) primarily consists of unbranched chains. Additionally, it contains linear and branched types. Due to its low density, it is known to have higher rigidity, greater dimensional stability, and better chemical resistance than other plastics. HDPE is mostly used in packaging and plastic bags.

Why is the food & beverage segment increasing its demand in the anticipated period?

Food and drink can be kept fresher and longer using freezer bags. Vegetables, fruits, and meats are among the foods that can be controlled in freezer bags. This is not just restricted to these three categories; it also covers juices, prepared meals or snacks, poultry, and seafood. The foods above can keep fresh for months if you properly store them in a freezer bag.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• According to the report, North America is anticipated to hold a 31.8% market share throughout the forecast period, leading the worldwide freezer bag market. The area’s dominance is due to the popularity of packaged foods and drinks. The U.S. is anticipated to contribute most to market growth during the forecast period.
• According to the report, Europe is anticipated to be the second-largest market throughout the forecast period. The region is responsible for 28% of the market share overall. The market’s expansion can be ascribed to the area’s fast-paced food and beverage industry growth.

Competition Analysis

The demand for reliable and secure packaging solutions is rising as the packaged food market continues to boom worldwide. Freezer bags are one of the many cutting-edge packaging options made possible by packaging strategies that decrease food exposure to biotic factors to prevent deterioration. Numerous start-ups firmly establish their presence in the global market as they see their potential.

A list of some of the key suppliers present in the market are:

• Thantawan Industry Plc.
• CeDo Ltd.
• Plastic Slovakia s.r.o.
• GELU- PLAST packaging films GmbH & Co.KG
• EURO – pac Unterrainer GmbH
• DUO-PAck Co. Ltd.
• Comcoplast Comco Commercial Cooperation GmbH
• Cofresco Frischhalteprodukte GmbH & Co. KG
• Forum-Plast GmbH
• Sun Plast
• Kerler GmbH
• Richmond Plastics Ltd.
• Simpac
• Shanghai Huitai Packaging Co, LTD.
• Teong Chuan Plastic (M) Sdn Bhd.

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.