Technavio Announces Top Six Vendors in the Global Frozen Food Packaging Market Until 2020
By Business Wire News
By Business Wire News
Technavio has announced the top six leading vendors for the global frozen food packaging marketin their latest research report. This report also lists 11 other prominent vendors who are expected to contribute to this market’s growth over the forecast period.
To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. To calculate the market size, our researchers have considered revenues generated through the sales of different frozen food packaging products and solutions. The market research study also provides data on the different segments of the market. The report segments the market by types of food products and types of packaging products.
Segmentation by type of food product:
- Baked goods
- Frozen specialties
- Fruits and vegetables
- Meat, poultry, and seafood
Segmentation by type of packaging product:
- Tubs and cups
“In 2015, the meat, poultry, and seafood segments accounted for a market share of about 34%, owing to the high demand for plastic films required for packaging these products, coupled with a shift toward case-ready packaging solutions. In 2015, the frozen specialties segment accounted for a share of 30.14%, followed by the fruits and vegetables segment with 12.47% and baked goods segment with 10.96%. This was due to a rise in the production of confectionery and bakery products and increased demand for single-serving options,” said Sharan Raj, one of Technavio’s lead analysts for packaging research.
“The meat, poultry, and seafood segment is predicted to grow at a rapid rate during the forecast period. The growing demand for these products and ready-to-eat packaged products will boost the growth of the overall market over the next four years,” added Sharan.
Six leading vendors in the global frozen food packaging market:
Amcor was incorporated in 1926 and is headquartered in Victoria, Australia. They provide a wide range of rigid and flexible packaging products for the beverage, healthcare, food, home and personal care, and tobacco industries. Amcor operates in more than 190 sites in 43 countries and employs over 29,000 people. In June 2015, the company generated revenue of around USD 9.61 billion.
In FY2015, the Amcor flexibles segment reported revenue of USD 6.29 billion, which accounted for close to 65% of the company’s total revenue. This segment manufactures flexible and film packaging solutions and operates 136 manufacturing plants in 36 countries. In July 2015, the company signed a contract worth USD 26.4 million for acquiring Packaging India Private Limited from Essel, a specialty packaging company, based in India. It includes three facilities located in the north and south of India. This has enabled Amcor in expanding its footprint in the Indian packaging sector, thus adding expertise with local employees in its cylinder and blown film making capabilities.
Ball was founded in 1880 and is headquartered in Colorado, US. The company, along with its subsidiaries, manufactures metal packaging products for the food, beverage, and household industries. Ball also designs, develops, and manufactures innovative aerospace systems through its aerospace and technologies segment. They have more than 14,500 employees and 23 plants in the US.
Ball produces two and three-piece steel food containers for packaging fruit, soups, meat, vegetables, nutritional products, pet food, and seafood. They also manufacture aerosol; paint and general line; and decorative specialty containers, beverage containers, aluminum aerosol, and aluminum slugs.
The company focuses on targeting the packaging industry through its broad range of products. This strong portfolio helps the company in strengthening its position in the market worldwide.
Crown Holdings was founded in 1892 and is headquartered in Pennsylvania, US. They design, manufacture, and sell packaging products for consumer goods. At the end of December 2014, the company operated 149 plants along with sales and service facilities throughout 40 countries worldwide. In December 2014, they had close to 23,000 employees and the revenue generated by the company was about USD 9.09 billion.
Crown Holdings manufactures food cans and ends (easy-open ends) that include its two-piece and three-piece cans in various shapes and sizes. They sell food cans to food manufacturers like Bonduelle, Cecab, Faribault Foods, Mars, Morgan Foods, Nestlé, Princes Group, and Simmons Foods and offer a varied range of metal vacuum closures and sealing equipment solutions to vendors such as Danone, H. J. Heinz, Abbot Laboratories, Kraft, Nestlé, and Unilever. They also provide total packaging solutions that include metal and composite closures, capping systems, and services to retailers and glass and plastic container manufacturers.
Genpak, a subsidiary of Great Pacific Enterprises, was established in 1969 and is headquartered in New York, US. They manufacture a wide range of one-time usable food packaging products for customers in the US and Canada. The company was initially set up with one manufacturing facility located in Middletown, New York, US. Since then, they have expanded to 18 facilities throughout the US and Canada.
The company focuses on targeting the packaging industry through its broad range of products. This strong portfolio helps the company in strengthening its position in the market across the world.
Graham was founded in 1970 and is headquartered in York, Pennsylvania, US. They design, manufacture, and sell custom blow-molded plastic containers for beverages, household products, personal care and specialty products, chemical-based products, and automotive lubricants. They operate 65 plants in North America, eight in South America, 14 in Europe, and three in Asia and use a variety of production processes, including injection molding and blow molding.
In FY2014, the company’s top 10 customers accounted for 47% of its total revenue. The revenue of the company in 2014 totaled around USD 2.75 billion and R&D expenses totaled close to USD 10 million.
Pactiv was founded in 1959 and is headquartered in Lake Forest, Illinois, US. They are global manufacturers of foodservice and food packaging products, operating as a part of the Reynolds Group Holdings. The company was formally created by the spin-off of Tenneco Packaging but in 2010, Reynolds’ foodservice business and Pactiv’s foodservice or food packaging business merged to form Pactiv. The company serves the foodservice, food packaging, and retail markets. In FY2014, the company generated a revenue of close to USD 3.49 billion.
Browse related reports:
- Frozen Food Packaging Market in the US 2015-2019
- Global Pet Food Packaging Market 2016-2020
- Global Food Packaging Market 2015-2019
- Global Baby Food Packaging Market 2015-2019
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