At 5.7% CAGR, the North America Chilled Food Packaging Market is projected to be worth US$ 6,810.97 million by 2030, says Business Market Insights

According to Business Market Insights research, the North America chilled food packaging market was valued at US$ 4,612.62 million in 2023 and is expected to reach US$ 6,810.97 million by 2030, registering a CAGR of 5.7% from 2023 to 2030. Advancements in smart and active packaging is the critical factor attributed to the North America chilled food packaging market. 

Organized retail and e-commerce platforms provide a broader reach and greater visibility for chilled food products. Consumers increasingly prefer organized retail formats due to the convenience and wide range of products they offer. Organized retail, such as supermarkets, hypermarkets, and specialty stores, offers a wide range of produce, dairy products, meat, seafood, ready-to-eat (RTE) meals, and more. The convenience of having multiple products under one roof attracts consumers and encourages them to choose organized retail over traditional retail formats. The diverse product assortment requires appropriate packaging to ensure product integrity, hygiene, and presentation on store shelves. According to the Food Industry Association, Food Marketing Institute, consumers have increasingly turned to grocery store food service for their meal plans, which is fueling the ongoing food-at-home trend. Additionally, chilled food packaging helps extend the shelf life of perishable products by providing protective barriers against oxygen, moisture, and contaminants. Hence, retailers can stock various chilled food items for longer periods, lowering the risk of spoilage and minimizing product waste. Proper packaging enables retailers to offer fresh and high-quality products to consumers.

Furthermore, e-commerce has revolutionized the food industry, with online grocery shopping and meal delivery services gaining popularity. Online food platforms offer unparalleled convenience to consumers. With a few clicks or taps, consumers can browse a wide variety of food options, place orders, and have their meals delivered to their doorsteps. This eliminates the need for travel, waiting in lines, and time-consuming dining process. Organized retail and e-commerce rely on efficient supply chains to meet consumer demands. Chilled food packaging becomes essential for these services to maintain the quality and freshness of perishable food items during transportation and delivery. Insulated packaging, temperature control solutions, and leak-resistant containers help ensure that chilled products are delivered to consumers in optimal condition. Proper packaging ensures product visibility, brand recognition, and consumer appeal, enhancing the chances of sales. With dedicated shelves, refrigerated sections, or an online listing, e-commerce platforms and retail stores showcase a wide range of chilled food items. Thus, the expansion of the organized retail and e-commerce industry has led to the growth of the chilled food packaging market.

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

Based on material, the North America chilled food packaging market is segmented into plastics, aluminum, paper and paperboard, and others. The plastic segment held 63.0% share of North America chilled food packaging market in 2023, amassing US$ 2,906.03 million. It is projected to garner US$ 4,345.32 million by 2030 to expand at 5.9% CAGR during 2023–2030.

Based on type, the North America chilled food packaging market is segmented into boxes, tubs and cups, cans, pouches and bags, and others. The pouches and bags segment held 33.3% share of North America chilled food packaging market in 2023, amassing US$ 1,552.98 million. It is projected to garner US$ 2,476.78 million by 2030 to expand at 6.9% CAGR during 2023–2030.

Based on application, the North America chilled food packaging market is segmented into dairy products, meat and poultry, seafood, fruits and vegetables, and others. The dairy products segment held 29.2% share of North America chilled food packaging market in 2023, amassing US$ 1,348.37 million. It is projected to garner US$ 1,896.02 million by 2030 to expand at 5.0% CAGR during 2023–2030.

Based on country, the North America chilled food packaging market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 70.1% share of North America chilled food packaging market in 2023. It was assessed at US$ 3,234.71 million in 2023 and is likely to hit US$ 4,898.63 million by 2030, exhibiting a CAGR of 6.1% during the forecast period.

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

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