Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.53 Billion | USD 12.45 Billion | 5.2% | 2023 |
According to a report from Zion Market Research, the global Fresh Meat Packaging Market was valued at USD 7.53 Billion in 2023 and is projected to hit USD 12.45 Billion by 2032, with a compound annual growth rate (CAGR) of 5.2% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Fresh Meat Packaging industry over the next decade.
Introduction
Fresh meat needs advanced packaging for retaining color & quality of the meat. Apparently, proper meat product packaging methods helps in maintaining hygiene and vitality of the product along with enhancing the shelf life of the meat items. Furthermore, customer perception and assessment of the quality of meat is based on its features such as shelf life & color. Additionally, fresh meat packaging also impacts the purchasing decision of the consumer.
Apart from this, modified atmosphere packaging, vacuum thermoformed packaging, and vacuum skin packaging are few of the common packaging solutions. In addition to this, horizontal flow pack meat packaging, thermoforming, and stretch film packaging will produce lucrative growth avenues for fresh meat packaging market over the ensuing years.
Market Growth Drivers
Escalating need for flexible packaging with growing concerns over sustainability along with the requirement for minimizing carbon emissions is predicted to embellish the expansion of the industry over the forecast timespan. In addition to this, flexible packaging minimizes raw material usage, power consumption, and reduces wastes, thereby not only adding to green environment but also enlarging the scope of the fresh meat packing market over the forecast timeframe. However, shifting consumer trend towards vegan foods with massive health benefits offered by it will impede the market expansion over the forecast timeline.
Apparently, effective transportation activities and enhanced storage device are few of the factors contributing lucratively towards the overall market size during the forecast timeframe. Constant product innovation in storage methods is slated to steer the expansion of the fresh meat packaging market over the estimated timespan. The large-scale intake of beef, pork, seafood, and poultry is predicted to create new growth avenues for industry over the assessment timespan.
Report Attributes | Report Details |
---|---|
Report Name | Fresh Meat Packaging Market |
Market Size in 2023 | USD 7.53 Billion |
Market Forecast in 2032 | USD 12.45 Billion |
Growth Rate | CAGR of 5.2% |
Number of Pages | 110 |
Key Companies Covered | Berry Plastic Group; Reynolds Group; Amcor Ltd.; Crown Holdings; Sealed Air Corp.; DuPont; Bemis Co. Inc.; Winpak Ltd.; Sealpac International BV; and Coveris Holdings S.A |
Segments Covered | By Type, By Material, By Technology And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America To Account Notably To Overall Market Size By 2026
The expansion of the industry in the region over the estimated timeframe is due to massive product intake in the countries such as the U.S. Moreover, massive surge in the research activities along with rise in the allocation of funds for producing new kinds of fresh meat packaging products will translate into huge market growth over the forecast timeframe.
Key participants profiled in the study are Berry Plastic Group; Reynolds Group; Amcor Ltd.; Crown Holdings; Sealed Air Corp.; DuPont; Bemis Co. Inc.; Winpak Ltd.; Sealpac International BV; and Coveris Holdings S.A.
The global fresh meat packaging market is segmented as follows:
By Type
By Material
By Technology
By Region
FrequentlyAsked Questions
Escalating need for flexible packaging with growing concerns over sustainability along with the requirement for minimizing carbon emissions is predicted to embellish the expansion of the industry over the forecast timespan. In addition to this, flexible packaging minimizes raw material usage, power consumption, and reduces wastes, thereby not only adding to green environment but also enlarging the scope of the fresh meat packing market over the forecast timeframe. Apparently, effective transportation activities and enhanced storage device are few of the factors contributing lucratively towards the overall market size during the forecast timeframe. Constant product innovation in storage methods is slated to steer the expansion of the fresh meat packaging market over the estimated timespan.
According to Zion market research, the global Fresh Meat Packaging market, which accrued revenue worth nearly 1.99 (USD Billion) in 2018 and is slated to garner earnings worth 3.02 (USD Billion) by 2025, is set to grow at a CAGR of 4.3% during the period from 2019 to 2025.
North America is likely to make noteworthy contributions towards overall market revenue during 2019-2025. The surge in the expansion of market in the sub-continent over the estimated timespan is due to massive product intake in the countries such as the U.S. Moreover, massive surge in the research activities along with rise in the allocation of funds for producing new kinds of fresh meat packaging products will translate into huge market growth over the forecast timeframe.
The key players profiled in the report include Berry Plastic Group; Reynolds Group; Amcor Ltd.; Crown Holdings; Sealed Air Corp.; DuPont; Bemis Co. Inc.; Winpak Ltd.; Sealpac International BV; and Coveris Holdings S.A.
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