For the year 2022, the freezer paper market is currently expected to generate US$ 52698 Mn. A CAGR of 4.00% is projected for this market's value between 2018 and 2028. By the end of 2032, the market for freezer paper is anticipated to reach US$ 66,680 Mn.
Trends and Opportunities
The meat and ready-to-eat food industry are witnessing a rise in demand for packaging papers across the globe. This is due to busy lifestyles and takeaway food trends. At present (2022), The prepared food market is estimated at US$ 154.43 Bn, which is projected to grow in the forecast duration.
This rising growth opens opportunities for innovation by food packaging manufacturers in the industry. Butcher wraps and counter rolls are a few of these innovations. The key market players are trying to maintain a market edge by acquiring smaller firms and investing in innovation.
As a result, global competition is expected to rise in the near future. Manufacturers also focus on the sustainability of food packaging out of environmental concerns.
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