The Global fresh meat packaging market is majorly uplifted by increasing global population and increasing demand of convenience food due to time constraints according to our research report “Global Fresh Meat Packaging Market Outlook 2023”.
Regionally, the fresh meat packaging market is segmented into North America, Europe, Asia-Pacific and Rest of World (ROW). Among these, North America is anticipated to witness a significant growth and occupy the largest share of the fresh meat packaging market by 2023.
Due to increasing demand of packaged food all across the globe, global fresh meat packaging market is expected to reach USD 99 billion by the end of 2023. With highest revenue share of pork packaging, the market is estimated to project a sound compound annual growth rate of 3.2% over the forecast period North America holds the largest pool of consumer, and anticipated to maintain its dominance over the forecast period i.e. 2016-2023.
Increasing Global Population: Up Thrust
Global population is increasing at an alarming rate. The need of consumable food is also increasing with mouths to feed. Market players are adopting various strategies to meet the increasing demand of consumable food all across the globe. Rapid growing food industry will further require effective food packaging technology to minimize wastage of food hence propelling the market of fresh meat packaging all across the globe.
Increasing Demand of Convenience Food Due to Time Constraints: Up Surge
Evolving food packaging technologies are shaping the growth of market. Consumers are now more attracted towards packed food times to manage time constraints in their busy life. Significant hike has been noticed in the past 2-3 years in the sales volume of meat packaging products. The fresh meat packaging market is anticipated to witness a robust growth in upcoming 5-6 years.
The report titled “Global Fresh Meat Packaging Market Outlook 2023” delivers detailed overview of the fresh meat packaging market in terms of market segmentation by packaging, by packaging format, by layers, by meat type and distribution channel.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the fresh meat packaging industry which includes company profiling of Film Convertors, Bemis Company, Inc., Amcor Ltd, Crown Holdings and Silgan Holdings, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview on the global fresh meat packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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