The size of the Processed Meat Packaging Market was estimated to be about US$ 1.4 billion in 2021 and is anticipated to grow at a CAGR of 4.8% from 2022 to 2032. The Processed Meat Packaging Market is anticipated to generate an extra US$ 2.4 billion in potential in 2032 throughout the forecast period.
The demand for diverse processed meat packaging formats, including pouches, has witnessed a significant uptick owing to the increasing preference for smaller portion-sized meat products. This trend is particularly prominent in the frozen meat product category and the growing market for minimally processed dried meat-based snacks. Furthermore, the surge in health consciousness among consumers, the adoption of healthier dietary practices, and the consumption of smaller meal portions are all expected to provide substantial support for the expansion of the processed meat packaging market.
Moreover, the rising awareness of potential hazards associated with raw and fresh meat has inclined consumers towards single-use meat products. Concurrently, the processed meat packaging market is experiencing substantial growth, primarily driven by the increasing consumption of compact-sized meat products. This shift in consumer preferences underscores the evolving dynamics of the meat industry, with a focus on safety and convenience.
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Top Trend Pushing Sales of Processed Meat Packaging Solutions
High Demand for Flavored Meat Products Worldwide
As per the OECD-FAO Agricultural Outlook 2019, the global meat production saw a notable uptick of 1.0 percent in 2018, reaching a substantial 327 million tonnes. This unequivocally underscores the escalating demand for various meat varieties, including pork, fish, beef, poultry, and more, driving a surge in meat production rates.
The heightened meat consumption stemming from this increased production, coupled with the ever-growing demand for convenience foods, has reinforced the necessity for fresh and high-quality meat. In parallel, this necessity has heightened consumer awareness regarding the myriad benefits of meat packaging. These advantages encompass superior inventory management, extended freshness, and enhanced hygiene standards for meat products. Consequently, the sales of processed meat packaging continue to gain momentum, aligning with evolving consumer preferences and industry trends.
Market Drivers:
- Demand for Convenience Foods: The busy lifestyles of consumers have led to a growing demand for convenient and ready-to-eat processed meat products, driving the need for packaging solutions that ensure freshness and convenience.
- Food Safety Regulations: Stringent food safety regulations and the need for proper labeling and packaging to maintain product integrity are driving the adoption of advanced packaging technologies in the processed meat industry.
- Extended Shelf Life: Innovative packaging materials and techniques help extend the shelf life of processed meat products, reducing food waste and increasing product availability.
- Consumer Preferences: Changing consumer preferences, including a preference for portion control and smaller packaging sizes, influence packaging designs and formats.
- Sustainability: There is a growing emphasis on sustainable packaging materials and practices, with eco-friendly options gaining popularity in response to environmental concerns.
- Brand Differentiation: Packaging serves as a crucial tool for brand differentiation and product presentation, influencing consumer choices.
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Key Players
- 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
- Cascades Inc.
- Coveris Holdings S.A
- XtraPlast Packaging Materials
- Pactiv
- Optimum Plastics
Processed Meat Packaging Market Outlook by Category
By Product Type:
- Trays
- Pouches
- Cans
- Films & Wraps
- Others (Containers, Bags, etc.)
By Material:
- Plastic
- Metal
- Paper & Paper Board
By Application:
- Beef
- Pork
- Poultry
- Seafood
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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