Global Meat, Poultry Seafood Packaging Market is expected to grow at CAGR of 4.10% by Forecast 2023
Meat, poultry seafood packaging refers to surrounding or wrapping meat, poultry and seafood products with suitable protective material such as paper or synthetic films. The products can vary from fresh food, processed food and ready-to-eat products. The constantly increasing demand for processed food such as meat, majorly in the developed nations across the world and government initiatives towards food safety, are the factors driving the demand for meat, poultry, and seafood packaging. Additionally, rising income level of individual in developing countries result in the increase in purchasing power which is also expected to be impact positively on the market. However, increased costs of the final product may hamper the growth of the market.
Market Research Analysis
The market has been segmented based on material, packaging technology and application. On the basis of material, the market is segmented into plastic, paper, and aluminum. Plastic accounted for the largest market share of 58.48% in 2016, with a market value of USD 20,595.4 Million. The growth of plastic can be attributed to various factors such as average gains associated with the material over metals such as aluminum in terms of cost, weight and corrosion resistance. Paper was the second-largest market in 2016, valued at USD 8,972.1 million in 2016; it is projected to grow at a CAGR of 3.75%. On the basis of packaging technology, Modified Atmosphere Packaging accounted for the largest market share of 44.34% in 2016, with a market value of USD 15,614.1 million and is projected to grow at the highest CAGR of 4.35% during the forecast period.
On the basis of application, Fresh Frozen Products accounted for the largest market share of 47.23% in 2016, with a market value of USD 16,632.7 million. The growth of the segment is propelled by consumer demand for foods offering convenience and value along with quality improvements resulting from packaging innovations. Processed Products was the second-largest market in 2016, valued at USD 11,307.5 million in 2016; it is projected to grow at a CAGR of 3.96%. However, Ready-to-Eat Products is projected to grow at the highest CAGR of 4.28%.
Global Meat, Poultry Seafood Packaging Market size, By Material
Global Meat, Poultry Seafood Packaging Market, By Packaging Technology
Vacuum Skin Packaging
Modified Atmosphere Packaging
Global Meat, Poultry Seafood Packaging Market, By Application
Fresh Frozen Products
The key players of global meat, poultry, seafood packaging market report include- Bemis Company Inc. (U.S.), Berry Global Group, Inc. (U.S.), Sealed Air Corporation (U.S.), DuPont (EI) de Nemours (U.S.), Smurfit Kappa Group PLC (Dublin), Cascades Inc. (Australia), LINPAC Packaging Limited ( U.K.), Printpack, Inc.(U.S.), and Vector Packaging (U.S.).
List of tables
TABLE1 Global Meat, Poultry, And Seafood Packaging Market, By Region, 2019–2025
TABLE2 North America: Meat, Poultry, And Seafood Packaging Market, By Country, 2019–2025
TABLE3 Europe: Meat, Poultry, And Seafood Packaging Market, By Country, 2019–2025
TABLE4 Asia-Pacific: Meat, Poultry, And Seafood Packaging Market, By Country, 2019–2025
TABLE5 RoW: Meat, Poultry, And Seafood Packaging Market, By Country, 2019–2025
TABLE6 Global Meat, Poultry, And Seafood Packaging Market, By Material, By Region, 2019–2025
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List of Figures
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down And Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
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