Chilled Package Market Trends and Forecast
The future of the global chilled package market looks promising with opportunities in the food, beverage, and pharmaceutical markets. The global chilled package market is expected to grow with a CAGR of 7.2% from 2024 to 2030. The major drivers for this market are increasing demand for convenient and ready-to-eat food options, growing health consciousness among consumers, and expansion of urbanization and busy lifestyles necessitating on-the-go meal solutions.
• Lucintel forecasts that foam is expected to witness the highest growth over the forecast period.
• Within this market, beverage is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States - Walmart announced partnerships with local food producers to expand its range of chilled packaged meals, aiming to offer more variety and fresh options to consumers. Government initiatives include grants for small businesses to invest in refrigeration and cold chain infrastructure.
United Kingdom - Tesco launched a sustainability initiative to reduce plastic packaging in its chilled products, setting targets to use recyclable and compostable materials. Government regulations mandate supermarkets to minimize single-use plastics, driving industry-wide efforts toward eco-friendly packaging solutions.
India - Amul, a leading dairy company, introduced a new line of chilled packaged dairy products targeting urban consumers, aligning with the governmentÄX%$%Xs push for modernization of the dairy industry. Government schemes incentivize investments in cold storage and distribution infrastructure to support the growth of chilled packaged foods.
Australia - Coles announced investments in innovative packaging technologies to extend the shelf life of its chilled products and reduce food waste. Government support includes funding for research into sustainable packaging materials and initiatives to improve cold chain logistics efficiency.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Chilled Package by Segment
The study includes a forecast for the global chilled package by type, application, and region.
Chilled Package Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Foam
• Metal Composite
• Plastic
• Paper
• Others
Chilled Package Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Food
• Beverage
• Pharmaceutical
• Others
Chilled Package Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Chilled Package Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies chilled package companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the chilled package companies profiled in this report include-
• Pitreavie
• Hydropac
• Icertech
• Tri-Pack Packaging Systems
• Chill-Pak
• Swiftpak
• Tempack
Recent Development in the Chilled Package Market
Walmart: Walmart introduced a new range of chilled packaged meal kits featuring fresh, locally sourced ingredients, catering to the growing demand for convenient and healthy meal solutions among consumers.
Tesco: Tesco announced the launch of a pilot program to trial reusable chilled packaging for select products, aiming to reduce plastic waste and promote sustainability in its supply chain and packaging practices.
Amul: Amul unveiled a breakthrough in chilled packaging technology, introducing a novel packaging material that enhances product freshness and shelf life, ensuring consumers receive high-quality dairy products with extended usability.
Coles: Coles announced a collaboration with packaging innovators to develop a new generation of biodegradable chilled packaging materials, aligning with its commitment to sustainability and reducing environmental impact across its product range.
Features of the Global Chilled Package Market
Market Size Estimates: Chilled package market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Chilled package market size by type, application, and region in terms of value ($B).
Regional Analysis: Chilled package market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the chilled package market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the chilled package market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for chilled package market?
Answer: The global chilled package market is expected to grow with a CAGR of 7.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the chilled package market?
Answer: The major drivers for this market are increasing demand for convenient and ready-to-eat food options, growing health consciousness among consumers, and expansion of urbanization and busy lifestyles necessitating on-the-go meal solutions.
Q3. What are the major segments for chilled package market?
Answer: The future of the global chilled package market looks promising with opportunities in the food, beverage, and pharmaceutical markets.
Q4. Who are the key chilled package market companies?
Answer: Some of the key chilled package companies are as follows:
• Pitreavie
• Hydropac
• Icertech
• Tri-Pack Packaging Systems
• Chill-Pak
• Swiftpak
• Tempack
Q5. Which chilled package market segment will be the largest in future?
Answer: Lucintel forecasts that foam is expected to witness the highest growth over the forecast period.
Q6. In chilled package market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the chilled package market by type (foam, metal composite, plastic, paper, and others), application (food, beverage, pharmaceutical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Chilled Package Market Market, Chilled Package Market Market Size, Chilled Package Market Market Growth, Chilled Package Market Market Analysis, Chilled Package Market Market Report, Chilled Package Market Market Share, Chilled Package Market Market Trends, Chilled Package Market Market Forecast, Chilled Package Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.