Meat, Poultry, Seafood Packaging Market Size 2021: Review, Future Growth, Global Survey

Global Meat, Poultry & Seafood Packaging Market is expected to grow at CAGR of 4.10% by Forecast 2023

 Global Meat, Poultry Seafood Packaging Market is expected to grow at CAGR of 4.10% by Forecast 2023 

Market Highlights

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

  • Plastic

  • Paper

  • Aluminum

 

Global Meat, Poultry Seafood Packaging Market, By Packaging Technology

  • Vacuum Skin Packaging

  • Modified Atmosphere Packaging

  • Others

 

Global Meat, Poultry Seafood Packaging Market, By Application

  • Fresh Frozen Products

  • Processed Products

  • Ready-To-Eat Products

Key Players

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

Browse Complete Report @ https://www.marketresearchfuture.com/reports/meat-poultry-seafood-packaging-market-2351

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

About Market Research Future:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.

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