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Fresh Meat Packaging market competitive and growth analysis 2023-2032 - major players, high growth strategies and opportunities |
As per The Business Research Company's Fresh Meat Packaging Opportunities And Strategies Market Report 2023, The global fresh meat packaging market reached a value of nearly $2,666.7 million in 2022, having grown at a compound annual growth rate (CAGR) of 2.7% since 2017. The market is expected to grow from $2,666.7 million in 2022 to $3,608.6 million in 2027 at a rate of 6.2%. The market is then expected to grow at a CAGR of 4.4% from 2027 and reach $4,474.4 million in 2032.The fresh meat packaging market is expected to be supported by the rapidly rising consumption of meat in the forecast period. The meat packaging is undertaken to deliver fresh, protected, and the highest standard of hygienic meat. The demand for fresh meat packaging is expected to show strong growth largely due to rising meat consumption. For example, in November 2021, the global meat consumption was around 350 million tons annually and it is expected to increase by 44% by 2030. Therefore, the increased consumption of fresh meat will drive the demand for the fresh meat packaging market.
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Sustainable packaging is gaining popularity in the fresh meat packaging market. Sustainable packaging is a type of eco-friendly material used to pack the products. Consumers are eager to be more sustainable and are preferring packaging made from recycled materials. The companies in the market are introducing products with sustainable packaging to reduce their environmental footprint. For example, in September 2021, Nandu's, an-India-based omni-channel meat brand launched an innovative eco-friendly packaging for all its home delivery orders.
The top opportunities in the fresh meat packaging market segmented by packaging format will arise in the vacuum skin packaging (VSP) segment, which will gain $353.0 million of global annual sales by 2027. The top opportunities in the fresh meat packaging market segmented by meat type will arise in the poultry and mutton segment, which will gain $371.2 million of global annual sales by 2027. The top opportunities in the fresh meat packaging market segmented by material type will arise in the PE segment, which will gain $463.7 million of global annual sales by 2027. The fresh meat packaging market size will gain the most in the USA at $261.8 million.
Fresh Meat Packaging Market Segmentation:
The fresh meat packaging market is segmented by packaging format, by meat type and by material type.
By Packaging Format-
a) Modified Atmosphere Packaging (MAP)
b) Vacuum Skin Packaging (VSP)
c) Vacuum Thermoformed Packaging (VTP)
d) Multi-layer Shrinkable Packaging
e) Other Packaging Formats
By Meat Type-
a) Beef
b) Pork
c) Poultry and mutton
d) Seafood
e) Other Meat Types
By Material Type-
a) Polyethylene (PE)
b) Polyvinyl chloride (PVC)
c) Biaxially Oriented Polypropylene (BOPP)
d) Polyamide (PA)
e) Ethylene Vinyl Alcohol (EVOH)
f) Polypropylene (PP)
g) Other Material Types
Major players in the Fresh Meat Packaging market include Sealed Air Corp, Amcor Plc, The Smurfit Kappa Group plc, Berry Global Inc, Sonoco Products Company.
The regions covered in the global Fresh Meat Packaging market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The latest report from The Business Research Company, 'Global Fresh Meat Packaging Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.
Fresh Meat Packaging Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
.....
19. Company Profiles
20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. Fresh Meat Packaging Market, Conclusions And Recommendations
23. Appendix
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