Chilling Prospects: The Future of Ice Cream Packaging in 2033 |...

Chilling Prospects: The Future of Ice Cream Packaging in 2033

Posted 2023-08-22 13:05:21

The global ice cream packaging market size is set to reach a valuation of US$ 853.74 million in 2023 and expand at a CAGR of 4.0% from 2023 to 2033. The ice cream packaging market is likely to reach US$ 1263.74 million by the end of 2033.

Packaging for ice creams needs to be both attractive visually and provide exceptional product protection. Excellent ice cream packaging quality will make the product sell better, last longer, and improve brand recognition. Thus, rapid development of high-quality and unique designs of ice cream packaging is expected to boost sales and help companies to stay ahead of their competitors.

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The future of the ice cream packaging industry will be better for the environment as more environmentally friendly alternatives are being discovered. It will also benefit consumers because there will be more options for easy ice cream packaging.

Key Takeaways from Global Ice Cream Packaging Market

The cup segment under packaging type is expected to hold around 32% of the market share by the end of 2032.
Based on material, the plastic segment is anticipated to grow 1.5x the current market value during the forecast period (2022-2032).
The global ice cream packaging market witnessed a CAGR of 3.7% during the historic period (2015-2021).
The U.S. ice cream packaging market is projected to create an incremental opportunity of US$ 45.2 Mn during 2022-2032.
The New Zealand ice cream packaging market is estimated to grow at 3.4% CAGR during 2022-2032.

“Manufacturers are focusing on developing sustainable and innovative ice cream packaging, which would push sales. Besides, expansion of the e-commerce industry will propel growth in the global market,” says a FMI analyst.

Rising Demand for Ready-to-eat Ice Creams to Drive the Global Market

In today’s world, convenience is not just about portability, but also about protecting hygiene. Consumers are looking for convenient and ready-to-eat ice cream products backed by their busy lifestyles. These products are easy to transport and can be eaten at work. Hectic schedules of consumers are compelling them to buy ice cream in bulk and keep it in their refrigerators for a longer period of time. Thus, manufacturers are focusing on developing unique packaging that would provide longer shelf life and help to keep the ice cream quality good.

Increasing Demand for Sustainable Packaging is Propelling the Global Market

Consumers are preferring novel packaging that looks attractive, as well as is beneficial for the environment, whether they are buying ice cream regularly or spontaneously. Also, the packaging should be able to keep the product fresh and should reveal the brand essence. Ice cream packaging manufacturers are thus producing sustainable solutions, which would fuel the global market.

Competitive Landscape: Ice Cream Packaging Market

· Berry Global Group,

· Amcor Plc,

· ITC Packaging,

· INDEVCO Group,

· Huhtamaki Oyj,

· International Paper Company,

· Stora Enso Oyj,

· Sonoco Products Company,

· Frapak Packaging b.v.,

· Tetra Laval,

· Stanpac Inc.,