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.
The market of global meat packaging is divided on the basis of material as:
By Distribution Channel
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.
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.
The Global Meat Packaging market has major key players as:
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