Ice Cream Packaging Market

Ice Cream Packaging Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Ice Cream Packaging Market grew at a CAGR of 4.3% between 2017-2021 and is estimated to be US$ 691.5 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.9% and is expected to reach a valuation of US$ 1,115.7 Mn by 2032 end.

Ice cream packaging is one of the most attractive areas for a brand to stand out. It needs to be eye-catching but also provide optimal product protection. Due to the importance of this product, companies have started developing highly creative designs to gain consumers’ attention.

Market Dynamic

GAINING ATTRACTION FOR ICE CREAM WILL DRIVE THE GLOBAL MARKET

Ice cream is an all-time favorite snack food that many people consume. In today’s world, accessibility is non just about portability but also about keeping hygiene. Customers are looking for convenient and ready-to-eat ice cream products supported by their busy lifestyles. These products are simple to ship and can be eaten at work. Customers’ hectic schedules convince them to buy ice cream in bulk and keep it in their refrigerators for an extended period.

These days, people want ice cream packages to be sustainable and attractive. Additionally, consumers are interested in products that are environmentally friendly and eco-friendly. As consumers are developing more conscious of their spending habits and resourcefulness, we must produce packaging that will satisfy them.

LACK OF AWARENESS HAMPERS THE MARKET GROWTH

Today, ice cream packages have been made eco-friendly using environmentally safe materials. This includes the use of recyclable packaging and compostable plastic containers. Consumers are also developing more consciousness of their spending habits and looking for environmentally friendly products, making it a heightened need for ice cream packaging to be sustainable.

GROWING DISPOSABLE INCOME OF PEOPLE WILL CREATE MORE OPPORTUNITIES FOR THE MARKET

The global ice cream packaging market is estimated to grow significantly in the upcoming years due to the rapid increase in consumer spending. Consumers are becoming more health conscious, and companies are catering to this growing demand by offering innovative products such as customized flavors and nutrient-rich powders. In addition, major companies have also started offering serviced ice cream recipes to satisfy consumers’ interest in indulging while on a diet.

Such trends have positively affected overall sales of packaged ice creams across the globe. Furthermore, technological advancement allows companies to provide clients personalized customization features, leading to wider acceptance of these options among health-conscious customers.

Market Segments Covered in Report

By Packaging Type:

• Cup
• Tub
• Stick Pack
• Folding Carton
• Others (Jar, Cone Wrappers, etc.)

By Material:

• Plastic
• Paper & Paperboard
• Glass
• Others (Metal, etc.)

By Sales Channel:

• Online
• Offline

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

Why is Cup Segment projected to ensure the most revenue during the forecast period?

The cups segment held a major revenue share of over 73.0% in 2021. The growing fondness for ice cream as a daily post-meal dessert is anticipated to fuel the product demand. Robust strength, high flexibility, and the ability to withstand cold temperatures very well are some properties of plastic packaging that would drive growth. As brands have become more aware of tubs’ growing popularity, they have extended their product offerings. Ice cream is the world’s most popular dessert, but consumers realize it’s also a post-meal treat. Growth in the ice cream market is expected to fuel the demand for tubs, accelerating the pace at which companies add new flavors and product offerings.

Why is the Offline segment expected to expand the fastest during the forecast period?

The Offline segment held the leading revenue share of more than 70.0% in 2021 and is estimated to maintain dominance over the forecast period. This can be attributed to the brand’s wide range of products, such as fudge, bars, sundaes, popsicle, and fusions with a mixture of two or more flavors. The growing popularity of sundaes, a diverse range of tastes, and the accessibility of a wide variety of products in retail stores are expected to drive sales through this Offline channel.

Why is Plastic Ice Cream Container with Lid in High Demand?

The plastic segment is one of the growing segments that offer a very good opportunity to global investors as it is already contributing significantly towards the overall health of the packaging market. Plastic is preferred over metal and cardboard due to its lightweight nature, low maintenance, and ease of recycling.

Region-Wise Analysis

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

• In 2021, the North American market held a sizeable revenue share of 20.6%. In rapid population development, emerging economies have raised the need for Ready-to-eat food. The plastic packaging industry has undergone significant growth in the country. Moreover, an increase in the trade of ice cream commodities in the U.S. and expected growth in the trade of such products internationally would create high demand for innovative packaging solutions in the next decade.
• In the Asian Pacific, numerous start-up ice cream stores are getting up with unique packaging in the region to meet the stringent government norms revolving around protecting the environment. This can be attributed to the rising demand for single-serve ice cream and various flavors. Moreover, frequent distribution and transportation of these products are anticipated to increase the necessity for unique ice cream packaging in Asia.

Competition Analysis

Ice cream packaging manufacturers are increasingly focusing on developing innovative and sustainable products, while some have engaged in acquisitions and are upgrading their product portfolios to cater to the growing demand in the industry.

These actions have enabled market participants to increase their clientele and revenue. With the increasing demand for Ready to eat products worldwide, market players in the Ice Cream Packaging Market can anticipate attractive growth prospects in the future.

Some of the key developments that have taken place in the Ice Cream Packaging Market include:

• In August 2019, Ice cream manufacturers can now employ a paper pint as part of Berry Global Inc.’s introduction of a pint-sized sustainable ice cream solution. On all three counts, it is a clear point that offers an environmentally beneficial alternative (reduce, reuse, and recycle).
• In June 2022, Borealis collaborated with Froneri and Paccor (both in Germany) (and Finland). It has created a bio-based feedstock, a mono-material PP ice cream container.

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

• 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
• Visstun

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.