Ice cream is a frozen dessert typically made from dairy products, such as milk and cream, and commonly combined with flavors and other ingredients like fruits, nuts, chocolate, and caramel. Ice cream packaging comprises paper cups or cartons and plastic tubs for packing the dessert. Carton packaging is cost-effective and provides good insulation for ice cream while plastic tubs keeps ice cream frozen for longer and are preferred by premium brands.
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 increasing demand for frozen desserts, especially among millennials are driving significant growth for ice cream packaging. Furthermore, premiumization trends with attractive and innovative packaging designs are boosting the market. Novel packaging technologies like changing graphics, sounds and fragrances using printed electronics will transform the ice cream packaging landscape in the coming years.
Market trends
Customers are increasingly demanding sustainable yet premium Ice Cream Packaging Market Demand options. Paper-based packaging using FSC-certified papers are gaining traction. Packaging with longer shelf-life and those that can keep ice cream frozen for over 24 hours without melting are being developed. The shift towards single-serve packaging formats as on-the-go frozen snacks are rising.
Market Opportunities
The growing demand for organic and vegan ice creams present opportunities for manufacturers to innovate packaging supporting these trends. Developing countries in Asia Pacific and Latin America with rising incomes are opening new frontiers for ice cream packaging demand.
Impact of COVID-19 on Ice Cream Packaging Market Growth
The COVID-19 pandemic negatively impacted the ice cream packaging market growth in the initial months of 2020. The imposition of complete lockdown across various regions led to closure of retail stores, restaurants, cafes and other public places. This drastically reduced the demand for ice cream from food service sector. Supply chain disruptions and constraints in raw material availability further restrained market growth. However, as people stayed indoors, demand increased for packaged food items including ice creams from retail sector. This provided some relief to market players. With relaxation of lockdown measures and reopening of food outlets, market is witnessing steady recovery. Rising health awareness post pandemic is also boosting demand for ice creams sold in packaging with higher barrier protection and durability. Market players are ramping up production capacity and introducing innovative packaging formats like portable cups and sticks to tap into growing out-of-home consumption. They are also focusing on developing sustainable and eco-friendly packaging materials to strengthen market position in post COVID era.
A region-wise analysis of the ice cream packaging market valuation shows North America accounted for the largest share prior to the pandemic owing to sizable consumption in US and copyright. This region will continue dominating market in coming years as well. Europe ranks as the second largest region driven by high ice cream demand in countries like Germany, UK and France. Asia Pacific is expected to be the fastest growing market through 2031 led by burgeoning middle class population, rising incomes and hot climate conditions in major economies like India and China spurring ice cream sales. Developing economies in Middle East and Latin America also present lucrative prospects for market players given their rapidly growing food processing industries and improving living standards.
In terms of market revenues, the ice cream packaging market in the United States holds the highest value. Being one of the largest producers and consumers of ice cream globally, US accounts for around 25-30% of total ice cream packaging demand. The widespread availability of varied ice cream flavors through major retail chains like Walmart, supermarket kiosks as well as ice cream parlors and cafes support sizable market revenues. Changing dietary habits and growing use of premium varieties is fueling further market growth in US. China stands as the second largest market, driven by its giant population base and hot summer season facilitating ice cream sales. Market is projected to experience accelerated gains in near future with increasing health consciousness of Chinese consumers.
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)