by Ice cream packaging helps maintain product freshness, quality and enhances shelf life by protecting the product from external factors such as moisture, heat, microbes etc. Major types of packaging used for ice cream include cups and tubs, sticks, boxes, wraps, and others. Ice cream packaging keeps ice cream frozen and prevents melting during transportation and storage. Growing health-consciousness and demand for nutritious frozen desserts have led to innovations in packaging materials.
Global ice cream packaging market was valued at US$ 820.9 Mn in 2022, exhibiting CAGR of 4.0% from 2023-2030. Market is likely to reach US$ 1,123.46 Mn by the end of 2030
Key Takeaways
Key players operating in the Ice Cream Packaging are Sonoco Products Company, Amcor Plc, International Paper Company, Sealed Air Corp., Huhtamaki Oyj, Amcor Plc , Linpac Group Ltd., Ampac Holdings LLC, INDEVCO Group, Tetra Laval, Berry Global, Stora Enso, and SIG. The growing consumption of frozen desserts in developed as well as emerging economies like India, China, Brazil etc. presents lucrative growth opportunities for ice cream packaging manufacturers and suppliers. Rising penetration of organized retailing is also contributing to increased availability and demand for packaged ice cream products. Major players are investing in expanding their production capacities and distribution networks in countries with high ice cream consumption such as the United States, China, Brazil to leverage growth opportunities.
Market drivers
Rising demand for convenience food products is a major driver for the Ice Cream Packaging Market Growth . Packaged ice creams have high demand among busy consumers seeking easy-to-consume on-the-go snacks. Changing tastes and preferences toward indulgence desserts and frozen confections also boost the sales of ice cream. In addition, high focus of ice cream manufacturers on product innovation, premiumization, and development of healthy variants is expected to fuel market growth over the forecast period.
PEST Analysis
Political: The ice cream packaging market is influenced by various regulatory policies related to food packaging standards, environmental laws, and import-export regulations set by governing bodies. Some recent regulations aimed at reducing plastics usage can impact market conditions.
Economic: Factors like per capita income, disposable income, and GDP growth affect consumer demand for premium and indulgent ice cream products, driving packaging needs. Economic cycles also impact consumer discretionary spending on treats.
Social: Changing dietary trends toward lower-sugar options and focus on ingredients influence new product development and packaging designs highlighting health aspects. Online social media campaigns can raise awareness.
Technological: Advances in barrier technologies, materials, and manufacturing processes allow innovative designs promoting brand communication and improving shelf life/quality. Technologies like active packaging and traceability solutions get more attention from brands and retailers.
Geographical Regions with High Market Concentration
The North American and European region holds significant value share in the global ice cream packaging market due to high consumer demand, availability of leading brands, and advanced cold chain infrastructure. Developed markets like the US, Canada, UK, France, Germany, and Italy among the major revenue generators.
Fastest Growing Regional Market
The Asia Pacific region, especially emerging economies of India and China, offer high growth potential for ice cream packaging market. Rising incomes, hot climate conditions, adoption of Western diets, improving cold chain logistics, and increasing penetration of international brands in these densely populated countries are driving volume growth.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
