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PACKAGING

Global Meat Packaging Market Analysis & Opportunity Outlook 2021

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Extensive insights into the Growth of Meat Packaging Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Meat Packaging is used to wrap meat items with appropriate protective material.   In order to attract consumers, proper freshness of meat is necessary which is possible when the right packaging method is used. Since, meat is a perishable product so, it requires good packaging method for protecting it from spoilage. Meat packaging also gives information about certain important components of food like calories and others with the help of labeling.

Market Size and Forecast

At Present, North America holds the top rank in global meat packaging industry and all the credit can be attributed to spiked meat consumption in the region in recent years. In 2014, revenues from meat consumption in North America amounted to USD 187 Billion.

The demand for meat packaging, seafood and poultry in the U.S. is further expected to bolster to reach USD 9.5 Billion in 2017.

A significant Y-O-Y growth can be seen in the market as USDA confirms their 2016 increase in total red meat and poultry production compared to 2015’s of 2.98 billion pounds, or 3.1 per cent. Further, according to USDA, 2017’s beef production is projected to move up 3.4 per cent compared to 2016's, broiler to be up 2.6 per cent, pork to increase 2.4 per cent, and turkey to increase by be 2.5 per cent.

After North America, Europe has the second biggest market in the global meat packaging industry. Europe meat consumption doubled from 2000 to 2011 and reached 3.6 Million Tonnes in 2012. Meat consumption in Europe is further expected to grow at a burgeoned pace, escalating the demand of meat packaging in the region. CLICK TO DOWNLOAD FREE SAMPLE

Market Segmentation

By Material

The market of global meat packaging is divided on the basis of material as:

  • Plastics
  • Metal
  • Paper Board
  • Aluminum Wraps
  • Others

By Type

  • Rigid
  • Semi-Rigid
  • Flexible

By Region

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

By Distribution Channel

  • Restaurants
  • Hotels
  • Bakery
  • Confectionary

Drivers and Restraints

Increase in consumption of meat, poultry, and seafood coupled with rising urbanization in most of the countries are expected to be the major growth drivers of global meat packaging industry.

However, certain environmental issue related to non-recyclability of plastic meat packaging is believed to hamper the growth of global meat packaging industry over the forecast period i.e. 2015-2021.

Key Players

The Global Meat Packaging market has major key players as:

  • Amcor Ltd
  • Crown Holdings
  • Dupont
  • Nuconic Packaging Lic.
  • Tetra Pak International S.A.
  • Silgan Holding,
  • Reynolds Group and
  • Toyo Seikan Group Holdings

 


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