As per FMI’s recent report, the global ice cream packaging market is poised to achieve a valuation of US$ 853.74 million in 2023, with an estimated Compound Annual Growth Rate (CAGR) of 4.0 percent from 2023 to 2033. Projections indicate that the market will expand to US$ 1.26 billion by the end of 2033. Notably, the top three countries are expected to command a substantial 30 percent to 35 percent of the global market share by the close of 2023.
Within the packaging types, the cup segment is anticipated to remain at the forefront, registering a CAGR of 4.5 percent from 2023 to 2033.
Increasing global consumption of ice creams, coupled with the introduction of diverse ice cream varieties, is predicted to fuel the demand for innovative ice cream packaging. This trend is expected to drive the ice cream packaging industry to a valuation 1.5 times its current market value between 2023 and 2033.
The United States ice cream packaging market is projected to create an incremental opportunity of US$ 47.4 million from 2023 to 2033. The trade of ice cream products is thriving, and start-up ice cream stores are adopting unique packaging solutions to align with environmental norms.
In New Zealand, the ice cream packaging market is anticipated to expand at a CAGR of 3.5 percent from 2023 to 2033. The increasing demand for on-the-go snacks is driving the demand for single-serve ice creams, translating to a rise in ice cream packaging requirements.
To boost the ice cream packaging market, effective marketing tactics are employed, including eye-catching designs, QR code-enabled packaging, and personalised options.
The future of the ice cream packaging market seems promising, driven by evolving consumer preferences, sustainability initiatives, and technological advancements.