The global meat packaging market size was valued at USD 49.19 billion in 2023 and is projected to grow from USD 51.95 billion in 2024 to USD 85.49 billion by 2032, exhibiting a CAGR of 6.42% during the forecast period.
The surge in health awareness across various regions is expected to drive industry expansion. Another factor favoring the market landscape is the rising emphasis on innovation for maintaining the freshness of meat and enhancing their shelf life.
Fortune Business Insights™ provides this information in its research report, titled “Meat Packaging Market Size Report, 2024-2032”.
List of Key Players Mentioned in the Report:
- Amcor (Australia)
- Berry Global (U.S.)
- Winpak Ltd (Canada)
- Sealed Air Corp. (U.S.)
- Coveris Holdings S.A. (Austria)
- Sealpac International BV (Netherlands)
- Mondi Group (U.K.)
- Amerplast Ltd. (Finland)
- Bollore Group (France)
- Kendall Packaging Corporation (Wisconsin)
Meat Packaging Market Segmentation:
Plastic Segment Holds Leading Share Owing to Soaring Use of Flexible Plastic
By material, the market for Meat Packaging is subdivided into plastic and metal. The plastic segment accounts for a dominating market share. The segmental expansion is driven by the escalating use of flexible plastic.
Poultry Segment Accounts for Dominant Share Due to Rising Consumer Health Consciousness
Based on meat type, the market for Meat Packaging is fragmented into beef, poultry, mutton, pork, seafood, and others. The poultry segment registers a key share in the market. The segment growth is propelled by the rapid adoption of a healthy diet and the growing health consciousness of consumers.
Clamshell Segment Leads the Market Owing to Benefit of Better Product Handling
By product type, the market is segregated into pouches, clamshells, boxes, films & wraps, and others. The clamshell segment records a major share in the market. This has been observed as they provide better product handling and are resistant to temperature.
Based on geography, the market for Meat Packaging has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report presents an overview of the key factors touted to propel the industry growth over the coming years. It further provides an analysis of the major steps adopted by leading industry participants to consolidate their market positions. The pivotal trends in the global market have also been enlisted in the report.
Drivers and Restraints:
Rising Adoption of Transparent Packaging to Impel Industry Expansion
The Meat Packaging market growth is being driven by the soaring adoption of transparent packaging for enhancing product visibility. The chemicals used in sustainable packaging offer additional safety to the product considering their non-reactive nature.
However, the threats associated with severe health diseases could hinder industry expansion.
Source- https://www.fortunebusinessinsights.com/fresh-meat-packaging-market-108079
Regional Insights:
North America Registers Leading Position due to Rise in Meat Consumption
North America Meat Packaging market share holds a leading position in the global market. This is due to a surge in the consumption of meat products on a daily basis.
The Asia Pacific market is set to expand at the fastest pace owing to an upsurge in the number of online outlets in the region.
Competitive Landscape:
Industry Players Launch New Products to Outpace their Competitors
Leading industry participants are developing and launching new Meat Packaging solutions to strengthen their market positions. Besides, companies are also entering partnerships, merger agreements, and undertaking acquisitions. These strategies are being adopted for outpacing their competitors.
Key Industry Development:
November 2022 – LIDL GB announced its adoption of Prevented Ocean Plastic in the packaging of fresh meat. The solution is produced from water bottles discarded in the oceans.