Ice Cream Packaging Market, By Packaging Type (Cup, Tub, Stick Packs, Folding Carton, and Others), By Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Ice Cream Parlors, Online Stores, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)

Published In : Mar 2023

Code : CMI4818

Pages :110

Formats :

Excel and PDF

Industry : Packaging

Ice Cream Packaging MarketSize and Trends

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. Increasing consumption of ice creams in various regions and launches of numerous varieties of ice creams are projected to bolster the demand for innovative ice cream packaging. Thus, the market is estimated to grow 1.5 times the current market value during the forecast period 2023-2030.

Figure 1. Global Ice Cream Packaging Market (%), By Region 2022

Global Ice Cream Packaging Market: Growth Drivers

Continuous Innovation in the Industry to Spur Product Demand

Traditional ice cream has nutritional properties but has no health benefits. Thus, increasing interest of market players in the fortification and addition of functional ingredients that can encourage consumers to choose the product as a healthy snack option. Functional foods provide not only basic nutrition but also plays a role in reducing or minimizing the risk of certain diseases. Rising production of fortified or functional products is expected to increase the consumption of the product i.e. ice cream globally.

Rising Expenditure on R&D and Digitalization

Rising expenditure by market players on the research and development of innovative products is anticipated to boost the market growth. For instance, in January 2022, Unilever group, launched vegan stick bars, magnum vegan classic, and magnum vegan almond in mini-sized multi-packs.