Savoring Success: Global Meat Packaging Market Poised to Reach US$12.3 Billion by 2033 with a Steady 5.2% CAGR

The Meat Packaging Market is positioned for substantial growth, poised to reach an estimated value of US$7.4 billion in 2023, with a steady and promising CAGR of 5.2% throughout the assessment period from 2023 to 2033. This trajectory is driven by the escalating global consumption of protein-rich products, surging demand for packaged foods, and a heightened emphasis on extending the shelf life of meat items. Anticipated sales projections indicate a significant valuation of over US$12.3 billion by 2033.

Prominent material segment dynamics reveal the polyethylene sector expanding by 1.6 times its current market value during the forecast period, underpinned by its exceptional properties of transparency, gloss, and moisture barrier capabilities. The role of meat packaging in safeguarding meat and meat products from various hazards during processing, storage, and distribution underscores its pivotal contribution to ensuring food safety and product quality while enhancing shelf life and preserving the original characteristics of packaged meats.

Shelf life is known to be a crucial parameter among end users, such as meat producers, co-packers, and retailers, while choosing packaging films and their respective compatible packaging types. Barrier films and the adoption of appropriate packaging types such as vacuum and MAP enable meat producers, co-packers, and retailers to extend the shelf life of meat products by approximately 12 times. Further, these films also improve the visual appearance of meat products, and thus in turn attract meat product buyers.

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The barrier films offer protection of the meat products from moisture, and dust and maintain freshness for relatively long durations. Such packaging also prevents this perishable food product from getting stale. Therefore, a small increment in shelf life goes a long way in retaining the consumer base and expanding it. This helps in enhancing the market presence. Thus, growing need for increasing shelf life of meat products will continue to bolster demand for meat packaging sales during the forecast period.

Various advancements in technology and powerful automated lines have opened several possibilities for the meat packaging businesses. The most recent and superior technology is high-pressure processing (HPP), which does not require heat while packaging meat products. It is a post-processing method that utilizes cold pasteurization.

During this method, the packed meat products are kept under a high level of isotactic pressure which eventually increases the shelf-life of the meat. Numerous retailers and meat yielders can get profit in their business. This novel packaging system enables producers in contrasting themselves from their opponents and will play a crucial role in boosting the global meat packaging industry.

Key Takeaways from Meat Packaging Market

By material, polyethylene segment is expected to hold around 56% share of the worldwide meat packaging industry during the assessment period.
In terms of packaging technology, the modified atmosphere packaging technology segment is set to account for around 42% value share of the global market by the end of 2033.
Based on product type, fresh meat segment is anticipated to hold a market share of around 50% in the next decade.
By meat type, poultry meat segment is expected to reach around US$ 4.8 billion by the end of 2033.
East Asia meat packaging market is forecast to expand at 5.5% CAGR through 2033.
Meat packaging demand across South Asia is likely to surge at 6.1% throughout the assessment period.
The USA is forecast to hold around 17.4% share of the global meat packaging industry in 2023.

 "Growing demand for hygienic and well-preserved meat products with a prolonged shelf life is expected to drive the global meat packaging market swiftly during the projection period," says an FMI analyst

Sustainability Offered by Flexible Packaging Formats to Augment Meat Packaging Market Development

Flexible packaging offers numerous benefits compared to rigid packaging materials. These benefits include lower energy usage, less raw material consumption, lower carbon footprint, and relatively lesser waste production. Lowered environmental impact can be achieved by reducing the quantity of material used in packaging.

Various stringent policies related to reuse and recyclability of plastics are being formed by governments worldwide. Administration of these regulations for improving sustainability is expected to propel the demand for flexible packaging in the future. This will eventually boost meat packaging market.

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Meat Packaging Market Landscape

The global meat packaging market is highly fragmented in nature. A larger portion of market share is held by domestic and local market players. Leading players in the sector are focusing on the expansion of production capacity, in addition to investing in tech improvements.

Some of the key players operating in the global meat packaging market are

Amcor Plc,
Berry Global Inc.,
Winpak Ltd.,
Sealed Air Corp.,
Mondi Group,
Amerplast Ltd.,
Faerch Plast A/S,
Bollore Group,
Constantia Flexibles Group GmbH,
Sonoco Products Company,
Thantawan Industry Plc and
Cascades Inc.

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Meat Packaging Market by Category

By Material Type:

Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Ethylene Vinyl Alcohol (EVOH)
Polyamide (PA)
Others

By Product Type:

Fresh Meat
Processed Meat
Frozen Meat

By Meat Type:

Beef
Pork
Poultry
Seafood
Others

By Packaging Technology:

Modified Atmosphere
Vacuum Skin
Vacuum Thermoformed
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa (MEA)

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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.