The meat, poultry, and seafood packaging market in the US to grow at a CAGR of 4.38% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the meat, poultry, and seafood packaging market in the US for 2016-2020. To calculate the market size, the report considers the total revenue generated from the different types of packaging products in specific applications.
Meat, poultry, and seafood are rich in nutrients like proteins, iron, zinc, vitamins B and E, and magnesium. These foods are available in the market in frozen, fresh, ready-to-eat, and processed forms. Proper packaging of these foods is essential to preserve their texture, nutritive quality, and taste. Suppliers of these foods opt for packaging vendors that can provide appealing packaging solutions in terms of color, material, quality, and services.
According to the report, a key growth driver is the increased consumption of meat. Meats, such as pork, beef, lamb, and mutton, are good sources of protein and constitute a significant portion of the daily diet of most people in the US. Around 6,300 meat and poultry slaughtering and processing plants operate in the country. In addition, the US exported approximately 4 billion metric tons of poultry meat in 2014, valued at $5 billion.
The country is the highest source of revenue in the Americas in the meat, poultry, and seafood markets. In 2014, the meat and poultry industry processed 9 billion chickens, 35 million cattle, 260 million turkeys, 2.5 million sheep and lambs, and 125 million hogs.
The market is divided into the following segments based on material: