June 6, 2021
The global freezing bags market is exhibiting steady growth and the trend is expected to continue for the forecast period between 2021 and 2031.
Rising demand for packaged food and growing disposable income of consumers are some of the key factors, fueling the freezing bag market growth across the globe.
Besides this, increasing use of freezing bags for ice cream delivery, fruit, vegetables, and meat industries has created opportunities for growth of the global market for freezing bags, as per a study by Fact.MR.
Despite the growth, the COVID-19 outbreak had a major impact on the world economy. The pandemic had caused severe economic destruction due to the closure of manufacturing units and choked supply chain and logistics. Nonetheless, pharmaceutical and food industries are expected to emerge stronger as governments slowly ease restrictions imposed. With demand forecast to rise in the future, sales of freezing bags will continue rising at a positive rate.
Asia-Pacific accounted for the largest market share during the forecast period. The increasing middle-class population and rise in their purchasing power are factors escalating the growth freezing bags market. Furthermore, the surging food industry in countries like China and India is expected to propel the market growth.
“The market of freezing bags is estimated to exhibit remarkable growth owing to rising awareness about greenhouse gases emission. Some of the manufacturers are extensively investing in research & development to design & develop products with high reliability and durability to expand their portfolio,” says the Fact.MR analyst.