Global meat packaging market is anticipated to showcase a robust CAGR over the forecast period i.e. 2015-2021. Moreover, the global meat packaging market is anticipated to account exponential revenue by the end of 2021.
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“Global Meat Packaging Market Analysis & Opportunity Outlook 2021”
The global meat packaging market is segmented into material such as metal meat packaging, polyethylene (PE), EVOH (ethylenvinyl alcohol), PA (polyamide), and others out of which, EVOH (ethylenvinyl alcohol) segment is expected to dominate the overall meat packaging market and is projected to seize a remarkable CAGR by the end of 2021. Likely, increase in the demand for food packaging material products on the back of growing consciousness towards health is predicted to foster the growth of global meat packaging market.
In addition to this, rising adoption of fresh meat packaging by online retailers are also projected to propel the market of meat packaging in near future.
Additionally, the market is riding on the back of expanding food industry along with rising adoption of adoption of innovative packaging.
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The modified atmosphere packaging (MAP) segment by technology is anticipated to grab the biggest market of overall meat packaging. In terms of regional platform, North America captured the largest market of global meat packaging market in 2014 and is expected to continue its dominance during the forecast period.
Moreover, meat packaging of seafood and poultry in the U.S. is further expected to reach USD 9.5 Billion by 2017.
Moreover, according to United States Department of Agriculture (USDA), by 2017 beef production is projected to accelerate from 3.4% compared to 2016.
Rising Consumer Awareness
Rising health and hygiene concerns along with rising personal disposable income of consumers are believed to foster the growth of global meat packaging market. Furthermore, growing demand for convenience products due to increasing personal disposable income are some of the major factors likely to foster the demand for meat packaging.
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Advancement in packaging
Growing population along with advancement in the packaging technology is believed to be the dynamic factor behind the rapid growth of meat packaging market across the globe. Moreover, rising disposable income of the population across the globe on the back of positive GDP figures are increasing the penetration of food packaged products which in turn believed to flourish the growth of meat packaging market.
On the contrary, rising environmental concerns is expected to dampen the growth of meat packaging market. In addition to this, environmental issues such as recyclability and sustainability are hindering the demand of meat packaging.
The report titled “Global Meat Packaging Market Analysis & Opportunity Outlook 2021” delivers detailed overview of the global meat packaging market in terms of market segmentation by type, by technology, by material, by layer type, by distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global meat packaging market which includes company profiling of Bemis Company, Inc., Sealed Air Corp., Amcor Ltd, Berry Global, Pactiv, Harpak-ULMA Packaging, Coveris Holdings S.A, Multivac Sepp Haggenmüller GmbH & Co.KG, Sealpac International BV, Winpak Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the global meat packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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