According to a recent report by Future Market Insights (FMI), the global meat packaging market is estimated to grow by 1.6x during the forecast period, reaching a volume of 3.5 million tons in 2021. Growing consumption of fresh and processed meat products and developments in material and design will support long term growth.
The selection of clear packaging forms is gaining traction among meat packaging producers. Clear packaging has become increasingly popular owing to its functionality, especially with regards to promoting transparency in business, which is key to achieving faith and confidence among consumers.
Transparency of a package is extremely crucial in terms of product quality. The growing requirement for clear and genuine packaging is rising on a large scale, particularly in the food and beverages industry.
To know more about this market, request a sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-710
See-through packaging is accomplished by using films for superior gloss and excellent transparency. This additionally reduces prices for printing and labelling, as compared to opaque alternatives. Consequently, the appropriation of such packaging solutions is anticipated to expand the sales of meat packaging in the near future.
Various advancements in technology and powerful automated production lines have opened possibilities for the meat packaging businesses. A recent development in the industry is high-pressure processing (HPP), which does not require heat while packaging meat products.
It is a post-processing method that uses cold pasteurization. In this procedure, packed meat products are placed within a tremendous level of isotactic pressure. The high-pressure processing technique is adopted for prolonging the shelf-life of the product. This innovative packaging system enables meat producers in supporting product differentiation from competitor offerings.
Key Takeaways of Meat Packaging Market Study
- Polyethylene (PE) plastics are gaining traction owing to their superior barrier attributes. The segment is forecast to expand by 1.7x of its current valuation, generating incremental opportunity of approximately US$ 2.5 Bn.
- Modified atmosphere packaging technology will account for more than 40% of the market share by the end of 2031. The demand for the technology will increase due to its aesthetic appeal and improved shelf-life.
- China will hold 42.3% of the East Asia market in 2021, driven by a vast non-vegetarian consumer base.
- Germany and Italy are exhibiting high growth potential, accounting for over 15% and 13% respectively, in the Europe market, driven by rising export activities.
- The U.S. will hold over 84% of the North America market, supported by a large consumer base and presence of a matured meat processing industry.
For information on the Research Approach used in the Report, Request Methodology@ https://www.futuremarketinsights.com/ask-question/rep-gb-710
Impact of COVID-19 on Meat Packaging Market
Meat packaging is gaining traction owing to benefits such as extended shelf-life and cost-effectiveness. COVID-19 has caused disruptions in several end-use industries because of which the meat packaging market was hurt in 2019.
The pandemic also caused disruption in supply chain and global sales. Most raw materials are sourced through imports. Raw supplies are dispatched to meat packaging producers and then to the merchants of various countries for business and shipping across the globe.
However, because of the extensive restrictions prompted by the pandemic across manufacturing plants, the meat packaging market has witnessed a slowdown in production and adoption.
The food and beverages industry will register impressive growth in the post-pandemic era, which will push the demand for meat packaging in the near future. Frequent investments into research and development is anticipated to boost sales by 2020.
Meat Packaging Market Landscape
The global meat packaging market is highly fragmented in nature. A larger portion of market share is held by domestic and local market players. Leading players in the sector are focusing on the expansion of production capacity, in addition to investing in tech improvements.
Some of the key players operating in the global meat packaging market are Amcor Plc, Berry Global Inc., Winpak Ltd., Sealed Air Corp., Mondi Group, Amerplast Ltd., Faerch Plast A/S, Bollore Group, Constantia Flexibles Group GmbH, Sonoco Products Company, Thantawan Industry Plc and Cascades Inc.
Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/710
Meat Packaging Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global meat packaging market, analysing historical demand from 2016-2020 and forecast statistics for 2021–2031. The study reveals growth projections on the meat packaging market on the basis of product type (fresh meat, processed meat, frozen meat), by meat type (beef, pork, poultry, seafood and others), by material (polyethylene, polypropylene, polyvinyl chloride, ethylene vinyl alcohol, others [polyvinylidene chloride, etc.]) and by packaging technology (modified atmosphere, vacuum skin, vacuum thermoformed, others [active packaging, etc.]) across seven regions.
Browse Extensive Coverage of our Ongoing Reports:
Aluminium Cup Market: The market is set to witness steady growth during 2021-2031. Sales of crane motors is expected to expand at CAGR of ~7% during 2021 to 2031.
Paper Pleated Cups Market: The sale of paper pleated cups is getting traction due to demand from fast food centre, cafes, hospitals and restaurants
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Future Market Insights, 1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A, Jumeirah Lakes Towers, Dubai, United Arab Emirates For Sales Enquiries: firstname.lastname@example.org For Media Enquiries: email@example.com Website: https://www.futuremarketinsights.com/