Meat Packaging Market 2021 Business Scenario – Sealed Air Corporation, Berry Global Inc., Crown Holdings Inc., Amcor PLC, Mondi Group, Coveris Holdings S.A

The Meat Packaging Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Meat Packaging market was valued at USD 12.1 billion in 2020 and is expected to reach USD 13.65 billion by 2026, at a CAGR of 4.37% over the forecast period 2021 - 2026.

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Top Leading Companies of Meat Packaging Market are Sealed Air Corporation, Berry Global Inc., Crown Holdings Inc., Amcor PLC, Mondi Group, Coveris Holdings S.A., Winpak Ltd., Smurfit Kappa Group, Viscofan Group, Sonoco Products Company and others.

Industry News and Updates

September 2020 - Mondi launched an 80% paper-based packaging solution for cold meats and cheese. The new packaging will reduce plastic usage for Austrian dairy producer SalzburgMilch by approximately 40 tons per year, compared to its previously used rigid plastic trays.

- August 2020 - Sealed Air has developed chlorine-free vacuum shrink bags to help food processors and retailers improve food safety and sustainability in a circular economy. The new CRYOVAC brand OptiDure Bags are made from a carefully selected range of resins to deliver a highly protective chlorine-free EVOH barrier. These products are a significant choice for packing fresh meats and poultry, smoked and processed meats, and cheeses.

Key Market Trends

Flexible Plastic is Expected to Hold a Significant Share

- The market segment for flexible packaging solutions is expected to witness exponential growth during the forecast period, owing to factors like the increased consumption of animal products. Factors such as the increasing world population, rising incomes, and urbanization, are strongly and positively related to the consumption of animal products. The World Health Organization (WHO) estimates that meat consumption may increase to 376 million metric tons by 2030, from 218 million metric tons during 1997-1999.

- The market is strengthened by the increasing availability of meat and pork products across widespread and robust retail chains in different countries. With the demand for a more considerable stable-shelf time, the demand for retort packaging and thermoformed high barrier films is on the rise.

- Further, with the consumers in different countries being inclined toward products containing fish, meat, and vegetables, which are mainly retort -packed to keep them shelf-stable, the readymade meals have gained increased popularity among the consumers. The increasing trend of online purchasing has further buoyed them.

Regional Outlook of Meat Packaging Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Meat Packaging Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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