The meat packaging market is expected to register positive growth through 2021, with the overall valuation forecast to reach US$ 6.9 Bn. Future Market Insights projects meat packaging sales to increase at 4.7% CAGR between 2021 and 2031.
The revenue from the meat packaging market totaled US$ 6.7 Bn for 2020, according to FMI. The demand for fresh meat products will be highest among all. FMI projects, fresh meat products to account for nearly 44.3% of meat packaging market in 2021.
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Transparency of a package is extremely crucial in terms of product quality. The growing requirement for clear and genuine packaging is rising on a large scale, particularly in the food and beverages industry.
See-through packaging is accomplished by using films for superior gloss and excellent transparency. This additionally reduces prices for printing and labelling, as compared to opaque alternatives. Consequently, the appropriation of such packaging solutions is anticipated to expand the sales of meat packaging in the near future.
Various advancements in technology and powerful automated production lines have opened possibilities for the meat packaging businesses. A recent development in the industry is high-pressure processing (HPP), which does not require heat while packaging meat products.
Key Findings from the Market Study on Meat Packaging
- The popularity of polyethylene (PE) polymers is growing as a result of its better barrier qualities. The market is expected to grow by 1.7 times its current valuation, creating an additional potential worth about US$ 2.5 billion.
- By the end of 2031, modified atmosphere packaging technology will hold a market share of more than 40%. Because of the technology’s improved shelf life and aesthetic appeal, demand will rise.
- With a sizable non-vegetarian customer base, China will control 42.3% of the East Asian market in 2021.
- Due to increased export activity, Germany and Italy, which together account for about 15% and 13% of the market in Europe, are showing strong development potential.
- The U.S. will hold over 84% of the North America market, supported by a large consumer base and presence of a matured meat processing industry.
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Meat Packaging Market Landscape
The global meat packaging market is highly fragmented in nature. A larger portion of market share is held by domestic and local market players. Leading players in the sector are focusing on the expansion of production capacity, in addition to investing in tech improvements.
Some of the key players operating in the global meat packaging market are
- Amcor Plc,
- Berry Global Inc.,
- Winpak Ltd.,
- Sealed Air Corp.,
- Mondi Group,
- Amerplast Ltd.,
- Faerch Plast A/S,
- Bollore Group,
- Constantia Flexibles Group GmbH,
- Sonoco Products Company,
- Thantawan Industry Plc and
- Cascades Inc.
Meat Packaging Market by Category
By Material Type:
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Ethylene Vinyl Alcohol (EVOH)
- Polyamide (PA)
- Others
By Product Type:
- Fresh Meat
- Processed Meat
- Frozen Meat
By Meat Type:
- Beef
- Pork
- Poultry
- Seafood
- Others
By Packaging Technology:
- Modified Atmosphere
- Vacuum Skin
- Vacuum Thermoformed
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
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