The global Fresh Meat Packaging market size is forecasted to reach from US$ 924,158 tons in 2020 to US$ 1,255,779 tons by 2027 and is anticipated to grow at compounded annual growth rate (CAGR) of 3.2% from 2021 to 2027, as per reports by market research and consulting organization Nova one advisor.
Increasing consumption of fresh meat products such as pork and beef is expected to fuel the growth. Fresh meat has a shorter shelf life and requires packaging that provides the proper amount of oxygen to maintain its color. Proper packaging is also necessary to maintain the freshness and hygiene of the product. Both these factors are projected to drive the demand for fresh meat packaging in the forthcoming years.
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The packaging industry has witnessed a significant transformation owing to awareness regarding the harmful effects of plastic. This has resulted in a rising preference for biodegradable and reusable materials such as biodegradable paper. Such product innovations are expected to positively influence the market in the forthcoming years.
Efficient transportation and improved storage equipment are additional factors that are contributing to the market growth. Due to efficient rail and road networks, transportation time has significantly reduced, ensuring fresh and timely delivery of products. Improved storage equipment enables a longer shelf-life of fresh meat. Continuous product innovation in storage techniques is expected to fuel the growth of the fresh meat packaging market.
The rising popularity of food preparations made using pork, beef, poultry, and seafood is anticipated to positively influence the market. In addition, the rise in the per capita income of consumers in various developing countries has led to a rise in purchasing power. This has led to a significant rise in demand for meat and meat products, which in turn is anticipated to drive the demand for fresh meat packaging.
|Market Size||US$ 1,255,779 tons by 2027|
|Growth Rate||CAGR of 3.2% From 2021 to 2027|
|Historic Data||2017 to 2020|
|Forecast Period||2021 to 2027|
|Segments Covered||Material Type,Packaging Type,Meat Type|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Companies Mentioned||Mondi Plc., Amcor Plc, Berry Global Group Inc., Coveris Holdings S.A., Winpak Ltd., Sealed Air Corporation, Bollore Group, Cascades Inc., Amerplast Ltd. and R.Faerch Plast A/S.|
Fresh Meat Packaging Market Report Highlights
- In terms of revenue, modified atmosphere packaging segment is anticipated to ascend at the fastest CAGR of over 3% over the forecast period
- PE material led the global market for fresh meat packaging with an overall revenue share of over 48.7% in 2019
- Vacuum skin packaging technology segment was valued at USD 718.1 million in 2019
- North America led the global fresh meat packaging market in 2019 with a revenue share of 36.7%
- The market is highly competitive in nature with the presence of leading players including Amcor Ltd., Winpak Ltd., Sealed Air Corp., Crown Holdings, Reynolds Group, Coveris Holdings S.A., and Sealpac International BV
- Manufacturers focus on innovation, product launches, and capacity expansion To cater to the rising demand
North America occupied the maximum market share of approximately 36.4% in 2018. Increasing consumption of meat products is fueling the demand from countries like the U.S. This region is expected to showcase substantial growth during the forecast period owing to the steady rise in R&D investment to provide innovative packaging techniques.
Asia Pacific is expected to witness the fastest CAGR of 3.7% during the projected period. Rapid growth in industrialization has increased the purchasing power of consumers in this region. This has fueled the demand for meat and meat products, which is expected to bode well for the regional market growth during the forecast period.
Fresh Meat Packaging Market Opportunities
Shifting demand of application in bio-based materials for making fresh meat packaging instead of toxic plastic is unlocking new growth opportunities in the market. Rising environmental concerns and stringent government regulations have opened new avenues for manufacturers of fresh meat packaging to move ahead toward innovation.
Several manufacturers have already adopted sustainable fresh meat packaging; however, rest of the players are undergoing rigorous R&D to achieve sustainability goals. With the help of the compression molding technique, PLA (Polylactic Acid) composite films are treated with silver-copper nanoparticles and cinnamon essential oil in the polymer matrix. This experiment-based technology prevents bacteria and pathogenic spoilage of poultry products.
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Recent report on the Fresh Meat Packaging market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Fresh Meat Packaging market analyzes the scenario for the period of 2019 to 2027, wherein, 2021 is the base year and 2021 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Fresh Meat Packaging market for the forecast period of 2021-2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.
The report analyzes the historical and present-day scenario of the global Fresh Meat Packaging market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Fresh Meat Packaging market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.
The report delves into the competition landscape of the global Fresh Meat Packaging market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Fresh Meat Packaging market that are profiled in this report.
Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Fresh Meat Packaging market is analyzed at both regional and country levels.
Some of the prominent players in the Fresh Meat Packaging market include:
Mondi Plc., Amcor Plc, Berry Global Group Inc., Coveris Holdings S.A., Winpak Ltd., Sealed Air Corporation, Bollore Group, Cascades Inc., Amerplast Ltd. and R.Faerch Plast A/S.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Global Fresh Meat Packaging Market: Segmentation
Fresh Meat Packaging Market by Material Type
- Polyethylene (PE)
- Polypropylene (PP)
Fresh Meat Packaging Market by Packaging Type
- Modified Atmosphere Packaging
- Vacuum Skin Packaging Stand Up Pouches
- Vacuum Thermoformed Packaging
Fresh Meat Packaging Market by Meat Type
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia],
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland],
- North America [United States, Canada, Mexico],
- South America [Brazil, Argentina, Columbia, Chile, Peru].
- Middle East & Africa [GCC, North Africa, South Africa],
A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Fresh Meat Packaging market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Fresh Meat Packaging market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Key Questions are
- What are the key factors influencing the Fresh Meat Packaging market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2027?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Why should you invest in this report?
If you are aiming to enter the global Fresh Meat Packaging market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Fresh Meat Packaging are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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