The global poultry packaging market is projected to reach a valuation of USD 3.85 billion by 2033, expanding at a CAGR of 4.0% from USD 2.6 billion in 2023, according to the latest analysis by Future Market Insights (FMI). This growth is driven by increasing demand for nutritious poultry products and the preference for rigid packaging solutions, which offer superior protection.
Market Overview: In 2021, the poultry packaging market generated USD 2.4 billion in revenue, and with the continued demand for high-nutrition poultry food, the market is forecasted to accelerate at a CAGR of 5.0% over the forecast period.
The food packaging industry is experiencing rapid growth and expansion, which is set to have a positive impact on the Poultry Packaging Market. Projections indicate that the Poultry Packaging Market is poised for remarkable growth, expected to increase by 1.7 times its current market value during the forecast period. This robust expansion can be attributed to several key factors driving the demand for poultry packaging.
In order to keep the food safe, secure and to extend the shelf life of the products various preservative techniques are used in the packaging industry. In addition, another factor contributing to the growth of poultry packaging is the initiatives from the various governments to increase healthy food products.
Drivers:
- Increased Poultry Consumption: The rising global consumption of poultry products, including chicken and turkey, is a significant driver for the Poultry Packaging Market. As more people incorporate poultry into their diets, the demand for effective packaging solutions grows.
- Food Safety and Regulations: Stringent food safety regulations require proper packaging to maintain the quality and safety of poultry products. This drives the need for advanced packaging solutions that can ensure product integrity and safety.
- Packaging Innovations: Ongoing innovations in packaging materials and technologies enhance the shelf life of poultry products, reduce food waste, and improve overall product quality. This drives the adoption of new packaging solutions.
- Convenience and Portability: Consumers’ busy lifestyles have increased the demand for convenient, ready-to-eat, and on-the-go poultry products. Packaging that offers convenience, easy access, and portion control is in high demand.
Competitive landscape:
The Poultry Packaging Market is highly competitive, with numerous significant companies competing for market share. Sealed Air Corporation, Smurfit Kappa Group, and DS Smith lead the industry, providing various chicken packaging options such as Hoover bags, trays, and shrink films. Amcor Limited, Coveris Holdings S.A., and Silgan Holdings Inc. are all strong rivals, offering novel packaging materials and solutions adapted to the poultry industry’s specific requirements. The fierce competition encourages constant developments in packaging technology and sustainability, which benefits the poultry sector by providing efficient and ecologically friendly packaging options.
Recent Developments:
- Sealed Air provides innovative poultry packaging solutions, such as Hoover bags and shrink films, to preserve food freshness and shelf life. Their research focuses on environmentally friendly materials and novel packaging solutions to reduce food waste and promote sustainability.
- Smurfit Kappa offers a variety of chicken packaging alternatives, including corrugated boxes and trays, to provide the best product protection and handling. Their research focuses on lightweight and recyclable packaging solutions that decrease environmental impact while improving supply chain efficiency.
- DS Smith specializes in poultry packaging solutions, including innovative molded fiber trays as well as environmentally friendly packaging materials. Their innovations include customized packaging solutions for various chicken products that strive to fulfill the industry’s demanding cleanliness and safety standards.
Access Full Report: https://www.futuremarketinsights.com/reports/poultry-packaging-market
Poultry Packaging Market by Category
By Material:
- Plastic
- Paper
- Molded Pulp
By Packaging Type:
- Rigid Packaging
- Trays
- Bowls
- Cans
- Boxes
- Flexible Packaging
- Pouches
- Wraps
- Bags
- Films
By Distribution Channel:
- E-commerce
- Retail Stores
- Convenience Stores
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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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