Global Meatainers Market Estimated for Steady Growth at a CAGR of 4.9% during 2017 to 2026
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Fact.MR’s take on the future of the global meatainers market expects a moderate growth in the coming years. While meatainers will remain a key commodity in meat & poultry packaging vertical, manufacturers fail to increase their profitability across these products. High strength and durability of meatainers is lowering their sales by exhibiting a low replacement rate. It has been estimated that by the end of 2026, nearly 500,000 tons of meatainers will be sold worldwide in the meat production & processing industry. The report further assesses that the global meatainers market will reflect moderate expansion at a CAGR of 4.9% in terms of value over the forecast period, 2017-2026.
Beef and Chicken Packaging to Translate High Profits for Meatainer Manufacturers
In 2017, nearly 105,000 tons of meatainers were used by beef producers across the globe. The report also estimates a high use of meatainers in chicken packaging operations. Over the forecast period, more than 50% of the global meatainers market volumes will be accounted by their use in packaging of beef and chicken. Manufacturers are improving the functionality of meatainers by curbing their role in contaminating the beef from exposure to particulates of corrugated materials.
The report also observes that meatainers will be predominantly sold through offline channels. In 2017, offline channels registered sales of nearly 280,000 tons of meatainers. However, increasing presence of packaging vendors on e-commerce platforms will drive the online sales of meatainers in the near future. Over the forecast period, online sales of meatainers are expected to register a high volume growth at 6.1% CAGR.
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Meatainers for Beef and Chicken Packaging to Represent Half of Global Market Volume throughout the forecast period
The study foresees a predominant use of meatainers in the packaging of raw beef and chicken. Through 2026, more than 50% of meatainers sold in the global market will used in packaging of chicken and beef. In order to keep the freshness of chicken and beef intact, manufacturers are using block-bottomed liners and specialty tape integrated banding in the manufacturing of corrugated boxes. Manufacturers are also increasing the security features by using high performance adhesive tapes, thereby lowering the risks of contamination. Such meatainers are also witnessing a growing use in pork packaging. The report estimates that the sales of meatainers for pork packaging will reflect a steady volume CAGR of 5.2% over the forecast period.
Online Sales of Meatainers to Register High Volume CAGR; Competition Tracking to Reflect Consolidated Presence of Packaging Giants
While meatainers are predominantly sold offline, soaring penetration of online vendors in the packaging landscape have diversified the traditional sales avenues for meatainers. In 2017, nearly 280,000 tons of meatainers were sold offline across the globe. Over the forecast period, online sales of meatainers are pegged to register rapid growth by reflecting a 6.1% CAGR in terms of volume. Prominent packaging companies such as Abbe Corrugated Pty. Ltd, Amazing Packaging Supplies, Orora Limited, Lyburn Supplies, Heathpak Ltd., Packaging Corporation Of America, WestRock Company, Smurfit Kappa Group PLC, DS Smith and International Paper Co. are active participants in the global meatainers market, capturing opportunities to soar and congruently balance the online and offline sales of their products. Furthermore, companies namely, Industrial Packaging Corporation, CoolSeal USA, Charta Packaging, Austcor Packaging
Standard Meat, Kruger Packaging, Robert Mann Packaging, Cano Container Corporation, Star Box Inc., Crown Packaging and Norampac Inc. are also viewed as key players in global meatainers manufacturing landscape. Their contribution to the expansion of the global meatainers market will be instrumental in the foreseeable future.
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