- In recent years, there has been a growing demand for premium quality food products with improved shelf life. Additionally, technological advancements in the fresh meat packaging has brought in revolution in the distribution and marketing of food products.
- The global fresh packaging market has particularly benefitted from innovations in plastic packaging equipment and materials.
ALBANY, N.Y., Nov. 11, 2020 /PRNewswire/ -- In a recently published report, Transparency Market Research speaks about the global fresh meat packaging market and its future developments and prospects. The research report entails in detail about the history of market, current trends, possible restraints, geographical outlook, and key players operating in the market space. The research report offers detailed segmentation that provides reader with the micro as well as macro understanding of the global fresh meat packaging market.
According to the published research report is projected to grow at a decent CAGR of 4.5% over the course of the given forecast period 2019 to 2027. Given the growth rate, the market is expected to reach an overall valuation of US$3 Bn by the fall of the final forecast year. The market was valued at ~US$2.1 Bn in 2019.
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Global Fresh Meat Packaging Market – Overview
- Meat is a perishable food product and get easily spoilt if left unattended or uncovered in ambient environmental temperature.
- Typically, cured meats degrade in the presence of oxygen, it is vital to adopt an improved packaging system to provide customers with safe and healthy food.
- The need for a sustainable packaging, which can stem microbial growth and stop contamination, thus pushing the demand for fresh meat packaging market.
- The biggest benefit of fresh meat packaging is it helps in improving the shelf life of meat and retaining its nutritious value for a longer period of time.
- Innovations and developments in the process of preservation by manufacturers are expected to continue help the overall growth of the global fresh meat packaging market.
Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Fresh Meat Packaging Market (Material: PE, PP, BOPP, EVOH, PVC, PA, Others; Packaging Technology: Modified Atmosphere, Vacuum Skin, Vacuum Thermoformed, Others; Meat: Beef, Pork, Poultry, Seafood, Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027 at https://www.transparencymarketresearch.com/fresh-meat-packaging-market.html
Global Fresh Meat Packaging Market – Key Driving Factors
- One of the biggest driving factors for the overall growth of the global fresh meat packaging market is the increasing demand for meat products from all over the world.
- Naturally, increasing demand for meat and thus the necessity to improve its shelf life has fueled the demand for fresh meat packaging.
- Another important factor driving the growth of the global market is the constant technological advancements in the field of packaging. The new packaging methods are becoming more sustainable and eco-friendly whilst maintaining the quality of meat products.
- Moreover, increasing adoption of smart packaging has also helped in driving the market growth.
Analyze global fresh meat packaging market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Global Fresh Meat Packaging Market – Geographical Outlook
- In terms of geographical segmentation, the global fresh meat packaging market is segmented into seven key regions.
- These regions are North America, Latin America, Asia Pacific excluding Japan, Western Europe, Eastern Europe, Japan and the Middle East and Africa.
- Of these, the North America region is expected to dominate the global fresh meat packaging market in the coming years of the forecast period. The region is expected to account for around 30% of the global market share during the forecast period.
- Despite having a matured market, Western Europe is projected witness a promising growth in the near future. The market is expected to generate incremental revenue worth ~US$110 Mn by the end of 2027.
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Global Fresh Meat Packaging Market – Key Players
The competitive landscape of the global fresh packaging market is a fragmented one due to presence of several notable players. Some of the key companies operating in the global market include names such as Amcor plc, Berry Global Inc., Winpak Ltd., Sealed Air Corp., Coveris Holdings S.A., Bolloré Group, Mondi Group, Tetra Pak International S.A., Cascades Inc., Smurfit Kappa Group plc, Amerplast Ltd., and Faerch Plast A/S. As per TMR analysis, Amcor plc, Winpak Ltd., Sealed Air Corp, and Berry Global Inc.
Global Fresh Meat Packaging Market Classification:
Fresh Meat Packaging Market by Material
Fresh Meat Packaging Market by Technology
- Modified Atmosphere
- Vacuum Skin
- Vacuum Thermoformed
Fresh Meat Packaging Market by Meat
Fresh Meat Packaging Market by Region
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Australia & New Zealand
- Rest of APEJ
- Middle East & Africa (MEA)
- GCC Countries
- North Africa
- South Africa
- Rest of Middle East & Africa
Explore Transparency Market Research's award-winning coverage of the Global Packaging Industry:
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Moisture Barrier Bags Market – Flexible packaging is one of the fastest-growing sectors in the FMCG manufacturing industry. Hence, companies in the moisture barrier bags market are innovating in flexible packaging solutions for the food industry. The versatility of bags is increasingly gaining the attention of packaging manufacturers. Hence, manufacturers in the moisture barrier bags market are introducing novel moisture-resistant bags that cater to the convenience of consumers.
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