Chilled Food Packaging Market Scope And Analysis

Chilled Food Packaging Market Report Scope

IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

The COVID-19 pandemic led to a decline in the progress of many industries across the world. Shutdown of manufacturing plants and restricted trade across the globe led to supply chain constraints for the manufacturers worldwide. The COVID-19 pandemic adversely affected the growth of the chemicals & materials sector and the chilled food packaging market. The implementation of measures to combat the spread of SARS-CoV-2 hindered the growth of different industries. The pandemic caused disruptions in the global supply chain due to factory shutdowns, transportation restrictions, and labor shortages. These upheavals affected the availability of raw materials and packaging components, leading to potential supply chain delays and increased operating costs for chilled food packaging manufacturers. The scarcity of raw materials and higher transportation expenses contributed to rising production costs. In addition, the food service sector, including restaurants, cafes, and catering services, experienced a sharp decline in demand because of lockdowns and social distancing measures. This decline directly impacted the demand for chilled food products and their associated packaging in food service operations. As a result, manufacturers of packaging materials operating in the food service sector faced reduced orders and revenue loss. Nevertheless, the chilled food packaging market has recovered quite well from the aftermath of the pandemic and is expected to grow over the coming years.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Some of the key players operating in the 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; and Sealed Air Corp.