(Food-Beverage-News.Com, February 07, 2018 ) According to the report Asia Pacific Frozen Food Packaging Market, published by Market Data Forecast, Asia-Pacific Market was expected to be around USD 7.86 million in 2017 and is expected to reach USD 10.35 million in 2022, growing at a CAGR of 5.65%.
Increasing urbanization and increasing hectic lifestyle of people has changed the preferences of people from cooking the whole food to frozen food products. Frozen food products require less time and labor for their preparation compared to the traditional home-made meals. People are also preferring the frozen food products because it can be store for a longer period of time. Get a comprehensive overview of the Asia Pacific Frozen Food Packaging Market: https://www.marketdataforecast.com/market-reports/asia-pacific-frozen-food-packaging-market-4090/
Asia Pacific Frozen Food Packaging Market: Drivers & Restraints Growth in disposable incomes in developing economies in this region, increasing urbanization and growing hectic lifestyle of people in this region are the primary factors driving this market. Moreover, continuous innovation leading to the new developments in food technology, growth in corporate sector and increasing consumer demand for high quality food are some of the secondary factors helping in development of this market.
However, lack of awareness, misconceptions of people regarding the nutritive value and taste of frozen food, less number of skilled professionals in production sector, and high cost os manufacturing equipment are some of the factors holding this market back.
Asia Pacific Frozen Food Packaging Market: Overview On the basis of Distribution channels, Hypermarkets & Supermarkets are dominating this market. On the basis of food type, readymade meals are dominating the market in this region and is expected to continue its dominance in the forecast period.
The Asia Pacific Frozen Food Packaging Market is fastest growing region among all the regions mentioned in the report. It is the third largest market in the world after North America and Europe. This region is developing so faster because of the developing economies like India and China.
Asia Pacific Frozen Food Packaging Market: Key Players The Asia Pacific Frozen Food Packaging market is highly competitive with a large number of players. Some of the major Companies are Amcor Ltd, Crown Holdings Inc., Seated Air Corporation, Graphic Packaging International Inc., Graham Packaging, Huhtamaki N.A., Tetra Pak International, Westrock Company, Printpack Inc., Pactiv LLC, Ball Corporation and FLAIR flexible packaging corporation.
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