Pune, April 16, 2021 — Refrigeration packaging is an innovative technology primarily used in food & beverage and life science & pharma sectors.
Due to their effectiveness, refrigeration packaging is now increasingly being used to safely transport and store vaccines to a number of new sites worldwide.
There is also a change in the traditional form of packaging, which has resulted in fostering investments in packaging industries to bring about better and attractive packaging solutions.
Furthermore, growing awareness towards health, food wastage concerns, and supply chain inefficiencies are other factors bolstering the market growth.
Refrigeration packaging demand is estimated to rise drastically by 2027, driven by rapid advances in new technologies, temperature-sensitive drugs, and the growing emphasis on food safety during distribution.
The refrigeration packaging market report is segmented into packaging material, packaging type, end-user, and regions.
The packaging type segment is sub-segmented into boxes & cartons, bags & pouches, containers, bottles & jars, and others.
The largest market share attributes to rising developments of active & intelligent packaging solutions and key industry players holding a substantial market share.
Market growth is driven by changing lifestyles and increasing nuclear family trends, boosting the region’s frozen food demand.
Furthermore, factors such as the augmenting demand for meat, poultry, seafood packaging in the region demographic shifts and increase in global population expand the refrigeration packaging market.
The global market of refrigeration packaging appears highly competitive, characterized by the presence of several notable players.
They make substantial investments to drive research & development projects and expansion plans.
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