by The ice cream packaging market includes a wide range of packaging solutions such as cups, tubs & pots, containers, lids/clamshells, wrappers and others that effectively preserve quality and extend shelf life of ice creams while providing branding opportunities to manufacturers. Packaging solutions made from materials such as paper & paperboard, plastic, metal and glass offer excellent barrier properties against moisture, oxygen and grease to keep ice creams fresh during storage and transportation. They enhance brand visibility on store shelves and aid in brand differentiation and premiumization. Paperboard cartons provide adequate insulation while maintaining compact size for packaging novel ice cream shapes and formats.
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.
Growing Ice Cream Packaging Market Demand as a favourite dessert and snack worldwide is majorly driving the need for packaging. Increasing consumption of frozen desserts like ice cream cakes, sandwiches is boosting the packaging requirement. Innovation in packaging printing technologies is enabling realistic and eye-catching designs on ice cream cartons and tubs.
Rising global popularity of ice cream is prompting leading players to expand geographically. Manufacturers are strengthening overseas presence through acquisitions, partnerships and new facilities to leverage the growth opportunities in emerging nations across Asia, Africa and South America.
Market key trends
Sustainability is a key trend gaining prominence in the ice cream packaging market. Manufacturers are increasingly focusing on eco-friendly materials and designs to reduce waste. Use of recycled paperboards, bioplastics and compostable materials is growing for cups, tubs and other packaging. Companies are coming up with designs that enable easier recycling while conveying the brand message compellingly. Lightweighting of packaging through innovation and redesign is another trend helping lower material consumption and carbon footprint.
Porter’s Analysis
Threat of new entrants: Low economies of scale and branding pose as barriers for new players.
Bargaining power of buyers: Strong as buyers like ice cream manufacturers can switch to substitute ice cream packaging materials easily.
Bargaining power of suppliers: High as quality standards leave limited suppliers in the market for materials like paper, plastic and aluminum foil.
Threat of new substitutes: Moderate threat as substitutes like flexible and stand-up pouches challenge rigid options.
Competitive rivalry: Intense as major players compete on innovation, prices and marketing.
Geographical Regions
North America accounts for the major share in the ice cream packaging market in terms value. Presence of large ice cream manufacturers and consumers demand for innovative and sustainable packaging solutions drive the market.
Asia Pacific is expected to be the fastest growing region during the forecast period. Popularity of ice cream as an impulse purchase product and increasing disposable income in developing economies like India and China will boost the ice cream packaging demand. Countries like India are untapped markets reflecting high growth potential over the coming years.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Money Singh
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. LinkedIn Profile
