At 4.3% CAGR, the Europe Chilled Food Packaging Market is projected to be worth US$ 4,355.76 million by 2030, says Business Market Insights

According to Business Market Insights research, the Europe chilled food packaging market was valued at US$ 3,240.43 million in 2023 and is expected to reach US$ 4,355.76 million by 2030, registering a CAGR of 4.3% from 2023 to 2030. 

Increase in demand for eco-friendly is the critical factor attributed to the Europe chilled food packaging market.

Consumers demand safe and low-processed food; thus, chilled food packaging players are making significant changes in packaging solutions. Also, there are growing environmental concerns. Further, eco-friendly packaging helps protect human health and the environment and maintain natural resources. Ideal packaging material should possess recycling properties, serving as a viable solution for ecological issues. Food service packaging companies are seeking ways to recycle as part of their efforts toward finding sustainable food packaging solutions. Adopting sustainable and eco-friendly packaging solutions allows chilled food packaging companies to differentiate themselves in the market. As consumers become more environmentally conscious, they actively seek brands and products aligning with their values. Sustainable packaging options attract eco-conscious consumers and help companies stand out among their competitors. For instance, in March 2023, the Hinojosa Packaging Group launched the Foodservice product line covering a portfolio of recyclable primary packaging under the Beverage, Dairy, and Food Container ranges. Moreover, research for producing a biodegradable packaging material aims to develop eco-friendly packaging materials with recycling, renewable, reusable, and repurposing properties. Thus, a ban on plastic items and mandates for deploying recyclable packaging solutions are anticipated to offer substantial growth opportunities to the industry players in the chilled food packaging market.

On the contrary, stringent government regulations hampers the Europe chilled food packaging market. 

Based on material, the Europe chilled food packaging market is segmented into plastics, aluminum, paper and paperboard, and others. The plastic segment held 61.4% share of Europe chilled food packaging market in 2023, amassing US$ 1,990.92 million. It is projected to garner US$ 2,670.90 million by 2030 to expand at 4.3% CAGR during 2023–2030.

Based on type, the Europe chilled food packaging market is segmented into boxes, tubs and cups, cans, pouches and bags, and others. The pouches and bags segment held 33.6% share of Europe chilled food packaging market in 2023, amassing US$ 1,088.03 million. It is projected to garner US$ 1,573.93 million by 2030 to expand at 5.4% CAGR during 2023–2030.

Based on application, the Europe chilled food packaging market is segmented into dairy products, meat and poultry, seafood, fruits and vegetables, and others. The dairy products segment held 28.5% share of Europe chilled food packaging market in 2023, amassing US$ 924.90 million. It is projected to garner US$ 1,252.47 million by 2030 to expand at 4.4% CAGR during 2023–2030.

Based on country, the Europe chilled food packaging market has been categorized into the Germany, France, Italy, UK, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 26.7% share of Europe chilled food packaging market in 2023. It was assessed at US$ 865.82 million in 2023 and is likely to hit US$ 1,158.58 million by 2030, exhibiting a CAGR of 4.2% during the forecast period.      

Key players operating in the Europe chilled food packaging market are Mondi Plc, Amcor Plc, Sonoco Products Co, Amerplast Ltd, Berry Global Group Inc, WestRock Co, Graphic Packaging Holding Co, Tetra Pak International SA, and Sealed Air Corp among others. 

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