The global meat packaging market is poised for substantial growth, with estimates indicating a steady Compound Annual Growth Rate (CAGR) of 5.2% between 2023 and 2033. Forecasts suggest that the market, valued at US$ 7.4 billion in 2023, will exceed US$ 12.3 billion by the end of 2033.
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Key Market Drivers and Highlights:
- Growing Consumption of Protein-Rich Products: The increasing consumption of protein-rich products is driving demand for meat packaging solutions worldwide. As consumers seek convenient and hygienic options, the meat packaging industry is experiencing significant expansion.
- Rising Demand for Packaged Food Products: There is a notable uptick in the demand for packaged food products, including meat and meat-based items. This trend is fueled by changing lifestyles, urbanization, and evolving consumer preferences for convenience and quality.
- Focus on Improving Shelf Life: Meat packaging plays a crucial role in extending the shelf life of meat products while maintaining their original quality and characteristics. As manufacturers prioritize food safety and preservation, the demand for innovative and efficient packaging solutions continues to rise.
- Sustainability Initiatives: The industry is witnessing a shift towards sustainable packaging solutions in response to environmental concerns and regulatory requirements. Manufacturers are exploring bio-based materials and sustainable packaging options to reduce plastic usage and enhance eco-friendliness.
Key Trends Shaping the Global Meat Packaging Industry:
- Sustainability Trend: Meat packaging manufacturers are increasingly focusing on sustainable packaging solutions to reduce environmental impact. Development of composite films and exploration of bio-based materials are driving the adoption of eco-friendly packaging options.
- Adoption of Transparent Packaging: Clear packaging formats are gaining traction in the meat packaging market, enhancing product visibility and consumer trust. Transparent packaging solutions offer superior transparency, gloss, and product differentiation, influencing purchase decisions at the point of sale.
- Application of Vacuum Skin Packaging: Innovations such as vacuum skin packaging are revolutionizing meat packaging, enhancing shelf life, presentation, and cooking experience while reducing food waste. This trend is expected to drive market expansion and meet consumer demand for quality and convenience.
The global meat packaging industry is poised for dynamic growth, fueled by evolving consumer preferences, technological advancements, and sustainability initiatives. As market players continue to innovate and adapt to changing trends, the industry is primed for significant expansion in the coming years.
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Key Takeaways:
- By material, polyethylene segment is expected to hold around 56% share of the worldwide meat packaging industry during the assessment period.
- In terms of packaging technology, the modified atmosphere packaging technology segment is set to account for around 42% value share of the global market by the end of 2033.
- Based on product type, fresh meat segment is anticipated to hold a market share of around 50% in the next decade.
- By meat type, poultry meat segment is expected to reach around US$ 4.8 billion by the end of 2033.
- East Asia meat packaging market is forecast to expand at 5.5% CAGR through 2033.
- Meat packaging demand across South Asia is likely to surge at 6.1% throughout the assessment period.
- The USA is forecast to hold around 17.4% share of the global meat packaging industry in 2023.
“Growing demand for hygienic and well-preserved meat products with a prolonged shelf life is expected to drive the global meat packaging market swiftly during the projection period,” says an FMI analyst
Sustainability Offered by Flexible Packaging Formats to Augment Meat Packaging Market Development
Flexible packaging offers numerous benefits compared to rigid packaging materials. These benefits include lower energy usage, less raw material consumption, lower carbon footprint, and relatively lesser waste production. Lowered environmental impact can be achieved by reducing the quantity of material used in packaging.
Various stringent policies related to reuse and recyclability of plastics are being formed by governments worldwide. Administration of these regulations for improving sustainability is expected to propel the demand for flexible packaging in the future. This will eventually boost meat packaging market.
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 and
- Cascades Inc.
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Meat Packaging Industry 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)
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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