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Meat, Poultry, Seafood Packaging Market 2019 Global Industry analysis by Bemis, Berry Global, Sealed Air, DuPont (EI) de Nemours, Smurfit Kappa, Cascades, LINPAC Packaging and others
Meat, Poultry, Seafood Packaging Market
Market Highlights
Seafood, Meat & Poultry Packaging refers to surrounding or wrapping meat, poultry and seafood products with suitable protective material such as paper or synthetic films. The products can vary from fresh food, processed food and ready-to-eat products. The constantly increasing demand for processed food such as meat, majorly in the developed nations across the world and government initiatives towards food safety, are the factors driving the demand for meat, poultry, and seafood packaging. Additionally, rising income level of individual in developing countries result in the increase in purchasing power which is also expected to be impact positively on the market. However, increased costs of the final product may hamper the growth of the market.
Global Meat, Poultry, Seafood Packaging Market is expected to reach a market size of USD 45,635.26 Million by the end of the forecast period at CAGR of 4.10%.
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Key Players
The key players of global Meat, Poultry, Seafood Packaging Market report include- Bemis Company Inc. (U.S.), Berry Global Group, Inc. (U.S.), Sealed Air Corporation (U.S.), DuPont (EI) de Nemours (U.S.), Smurfit Kappa Group PLC (Dublin), Cascades Inc. (Australia), LINPAC Packaging Limited ( U.K.), Printpack, Inc.(U.S.), and Vector Packaging (U.S.).
Market Research Analysis
The market has been segmented based on material, packaging technology and application. On the basis of material, the market is segmented into plastic, paper, and aluminum. Plastic accounted for the largest market share of 58.48% in 2016, with a market value of USD 20,595.4 Million. The growth of plastic can be attributed to various factors such as average gains associated with the material over metals such as aluminum in terms of cost, weight and corrosion resistance. Paper was the second-largest market in 2016, valued at USD 8,972.1 million in 2016; it is projected to grow at a CAGR of 3.75%. On the basis of packaging technology, Modified Atmosphere Packaging accounted for the largest market share of 44.34% in 2016, with a market value of USD 15,614.1 million and is projected to grow at the highest CAGR of 4.35% during the forecast period.
On the basis of application, Fresh & Frozen Products accounted for the largest market share of 47.23% in 2016, with a market value of USD 16,632.7 million. The growth of the segment is propelled by consumer demand for foods offering convenience and value along with quality improvements resulting from packaging innovations. Processed Products was the second-largest market in 2016, valued at USD 11,307.5 million in 2016; it is projected to grow at a CAGR of 3.96%. However, Ready-to-Eat Products is projected to grow at the highest CAGR of 4.28%.
Global Meat, Poultry & Seafood Packaging Market, By Material
Plastic
Paper
Aluminum
Global Meat, Poultry & Seafood Packaging Market, By Packaging Technology
Vacuum Skin Packaging
Modified Atmosphere Packaging
Others
Global Meat, Poultry & Seafood Packaging Market, By Application
Fresh & Frozen Products
Processed Products
Ready-To-Eat Products
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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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