Press release
Fresh Meat Packaging Market Size, Industry Trends, Analysis, Report 2024 To 2033
Market Size And Growth Forecast:
The fresh meat packaging market size has grown strongly in recent years. It will grow from $2.88 billion in 2023 to $3.09 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increasing investments in new plants, increased popularity of seafood, rising preference for biodegradable and reusable packaging and increased disposable income.
The fresh meat packaging market size is expected to see strong growth in the next few years. It will grow to $3.96 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increasing consumption of meat, rising government investments and a rise in global population. Major trends in the forecast period include focus on launching sustainable packaging, focus on smart packaging, use of prevented ocean plastic, and undergoing partnerships to improve their product offerings and to stay competitive in the market.
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Market Segmentation:
The fresh meat packaging market covered in this report is segmented -
1) By Packaging: Modified Atmosphere packaging (MAP), Vacuum Skin Packaging (VSP), Vacuum Thermoformed Packaging (VTP), Multi-layer Shrinkable Packaging, Other Packaging Formats
2) By Meat Type: Beef, Pork, Poultry and Mutton, Seafood, Other Meat types
3) By Material Type: Polyethylene (PE), Polyvinyl Chloride (PVC), Biaxially Oriented Polypropylene (BOPP), Polyamide (PA), Ethylene Vinyl Alcohol (EVOH), Polypropylene (PP), Other Material Types
Major Driver - Rising Global Meat Consumption Fuels Growth In The Fresh Meat Packaging Market
The increased consumption of meat is contributing to the growth of the fresh meat packaging market. Fresh meat can help to improve health and reduce the chance of microbial contamination, which can create demand for fresh meat packaging. For instance, in November 2021, Redefine Meat Ltd., an Israel-based food company that manufactures packaged food products, said the global meat consumption in 2020 was 340 metric tons, and it is expected to surpass 460-570 metric tons by the year 2025. 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, increased consumption of meat is driving the growth of the fresh meat packaging market.
Competitive Landscape:
Major companies operating in the fresh meat packaging market report are Sealed Air Corp, Amcor Plc, The Smurfit Kappa Group plc, Berry Global Inc, Sonoco Products Company, Crown Holdings, Cascades Inc., Winpak Ltd, Mondi Plc, Bollore Group, Alhamd Exports, WH Group Limited, Farm Suzanne Pvt Ltd, Mirha Exports Pvt. Ltd, Al Aali Exports Pvt. Ltd, Razee Impex, Oakdale Meat Co, Yunnan Shennong Meat Food Co Ltd, Zoneco Group, Dalian Hanwei Enterprise Group, Charoen Pokphand Group, SP Group, Ajamco Group, Toppan, ArtPlast Polska Sp. z o.o, Siba International, Doyoo Group, LINPAC Packaging SEALPAC UK & Partners, Multivac UK, PACCOR Packaging GmbH, SIG Combibloc Group, CoCopac Limited, Frigorco Pampeano, Solidus Solutions, ULMA Packaging, Supervac Maschinenbau GmbH, Krehalon, BRF S. A, Noelma, Zeus Petruzalek, Coveris Holdings S.A, La Cooperativa Trento Chaqueña, IGC Engineering Ltd, Compañía Avicola, Atlantis-Pak, LAICOM S.R.L, JBS Foods, Schoeller Allibert AB, Valley Meats, Foster Farms, Conagra Brands Inc, Tyson Fresh Meats Inc, Smithfield Foods Inc, Bemis Company Inc, Berry Plastic Group Inc, National Beef Packing Co LLC, Cargill Inc, Diamond Meat Processing LLC, Ponapack, Qatar Meat Production Company LLC, Amber Packaging Industries LLC, Al Bayader International, Egyptian Meat Processing Co, Kenya Meat Processors Ltd, Quality Meat Packers, Nile union meat company, Gilgal Meat Mart Limited, Irvin & Johnson Ltd, Rainbow Farms Pty Ltd, Astral Foods Ltd, Coveris Rigid Turkey Ambalaj A. S
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Top Trend - Rise Of Interactive And Smart Packaging In The Fresh Meat Industry Enhances Customer Experience
The fresh meat packaging industry has been witnessing a rise in interactive and smart packaging to increase customer satisfaction. Smart packaging improves the product's shelf life, monitors freshness, maintains quality and improves safety and convenience with a transparent view of the product creating a fresh appeal to the consumer's eye. The use of modern technologies such as barcodes, radio-frequency identification (RFID) devices, QR codes, and near-field communication (NFC) provides meat processing companies with various information, including product information and the expiry date. For instance, Foster Farms, a leading poultry firm, has introduced a cooperative and engaging package called DORI. Using QR codes, data such as more than 500 fresh chicken recipes and a guide to terminology for poultry labeling can be accessed by users.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Fresh Meat Packaging Market Characteristics
3. Fresh Meat Packaging Market Trends And Strategies
4. Fresh Meat Packaging Market - Macro Economic Scenario
5. Fresh Meat Packaging Market Size And Growth
…..
27. Fresh Meat Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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