Meat, Poultry and Seafood Packaging Market Overview
Meat, poultry and seafood 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 meat, poultry, and seafood packaging market is expected to garner a market valuation of USD 51,144.1 million by the end of 2025. The latest Market Research Future (MRFR) report has suggested that the global meat, poultry, and seafood packaging market is anticipated to fetch a 4.28% CAGR over the forecast period. Such growth in the market can be attributed to the increasing demand for small portion food items, growth in the consumer goods sectors and an increasing number of retail outlets across the globe. This is leading to the augmentation of demand for processed food products and ready-to-eat meat items, further, influencing the growth of the meat, poultry, and seafood packaging market in a positive manner. However, a growing inclination towards freshly cooked food and added costs to the final product are factors that are restraining the global meat, poultry, and seafood packaging market growth over the assessment period.
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Key Players
Some of the noteworthy players in the global meat, poultry, and seafood packaging market include
- Amcor Ltd (Australia)
- Berry Global Group, Inc (US)
- LINPAC Packaging Limited (UK)
- PRINTPACK, INC (US)
- SEALED AIR CORPORATION (US)
- DuPont (US)
- Cascades Inc (Canada)
- Smurfit Kappa Group PLC (Ireland)
Industry Update
July 2019: Berry Global Group Inc. acquired RPC Group PLC for USD 6.5 billion. Such acquisition has led Berry Global to be a leading global supplier of value-added protective solutions and one of the most renowned plastic packaging companies in the world.
Market Segmentation
The global meat, poultry and seafood packaging market is segmented on the basis of packaging technology, material, application, and region. Based on material, the global meat, poultry, and seafood packaging market is segmented into paper, plastic, and aluminum. The plastic segment is dictating the global meat, poultry, and seafood packaging market. This can be owed to the cost-effectiveness that plastic offers, over other packaging materials. Further, weight, as well as corrosion resistance of plastic, is more preferable over other packaging materials. This, in turn, is leading to higher demand for plastic for meat, poultry, and seafood packaging over the assessment period.
Based on packaging technology, the global meat, poultry, and seafood packaging market is segmented into vacuum skin packaging and modified atmosphere packaging. The modified atmosphere packaging segment is currently accounting for the larger share of the meat, poultry, and seafood packaging market. The modified atmosphere packaging segment is also expected to strengthen its market dominance through the conjecture period.
Based on application, the global meat, poultry, and seafood packaging market is segmented into processed products, fresh & frozen products, and ready-to-eat products. Among these, the most consumed products are fresh and frozen products and the segment is also anticipated to dictate the meat, poultry, and seafood packaging market. A rise in the disposable income of consumers has led to a change in consumer preferences, with an increasing shift towards the consumption of frozen meat, poultry, and seafood products. This is a significant driver of the meat, poultry, and seafood packaging market.
Detailed Regional Analysis
The global meat, poultry, and seafood packaging market is studied for the regional segments of North America, Asia Pacific, Europe, and Rest of the World. North America held the largest share of the meat, poultry, and seafood packaging market at the beginning of the forecast period. This can be accredited to the rising inclination of consumers towards convenience products. Further, the rising population and increasing demographic shifts towards meat are promoting meat, poultry, and seafood packaging market growth in the region.
Europe fetched for the second-largest share of the global meat, poultry, and seafood packaging market. The regional meat, poultry, and seafood packaging market is also assessed to exhibit substantial growth in the coming years. Increased adoption of eco-friendly techniques of packaging food in Europe is another factor fostering growth in the meat, poultry, and seafood packaging market.
Table Of Content
1 Executive Summary
2 Research Methodology
2.1. Scope Of The Study
2.1.1. Definition
2.1.2. Research Objective
2.1.3. Assumptions
2.1.4. Limitations
2.2. Research Process
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Market Size Estimation
2.4. Forecast Model
3 Market Landscape
3.1. Market Drivers
3.2. Market Inhibitors
3.3. Supply/Value Chain Analysis Or Market Ecosystem
3.4. Porter’s Five Forces Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
Continues……
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