Meat, Poultry, and Seafood Packaging Market: Information by Material (Plastic, Paper and Aluminum), by Packaging Technology (Modified Atmosphere Packaging, Vacuum Skin Packaging and others), by Application (Fresh & Frozen Products, Processed Products and Ready-to-Eat Products) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast to 2027
ID: MRFR/PNT/1734-CR | October 2020 | Region: Global | 150 pages
Meat, Poultry, Seafood Packaging Market Overview
Meat, Poultry, and Seafood Packaging market are expected to generate a revenue of more than 50,000 million US dollars by the forecast year. Global Meat, Poultry & Seafood Packaging Market is expected to reach a market size of USD 51,144.1 million by 2025 at a 4.28% CAGR during the forecast period.
COVID-19 Analysis
COVID-19 - the virus that has taken a toll on the world politically, economically, and socially. Human life had been affected to a great extent. The world was shut down globally to contain the spread of the virus. Imposing lockdowns state-wise and country-wise was made essential during this time. Transportation has been minimal during these times. People left their houses either to buy basics or in the case of emergency. During this time the world also faced the threat of bird flu which diminished the use of meat and poultry. Meat, Poultry, and Seafood Packaging Market was negatively impacted during the times of pandemic. Seeing the threat of the virus and bird flu on human life, many people had to rethink the idea of eating out and meat. The Meat, Poultry, and Seafood Packaging Market are expected to regain its losses in upcoming times seeing an upward market trend of modern packaging facilities available concerning industrial standards.
Market Dynamics
Drivers:
The factors responsible for the growth of the global meat, poultry, and seafood packaging market are:
- Adoption of healthy eating lifestyle within individuals.
- Government's initiatives to meet global market standards.
- Increasing demand for single portion packaging items or increase in demand for small-scale preservation.
- Increase in demand for disposable packaging used for retail and office purposes.
- A drastic shift in market trend towards high barrier films for ready-to-eat packages.
- Interest of retailers and manufactures to invest in the packaging industry.
- Improved and modern lifestyle intake in today's era with increasing population and growing GDP.
- Country-wise emerging economies to promote import and export.
- Readiness of the industries to increase the life of the product.
- Consumer-friendly terms of resealability and storage.
Challenges
- Shift towards fresh meat availability.
- Stale product decreasing the industrial standards.
- Increase of sustainable solutions for packaging.
Competitive Landscape
The recent developments of the Meat, Poultry, and Seafood Packaging Market Research deals with the market share, market value, market volume, and mart analysis. The report shares insightful analysis on market alliances, strategies, verifiable aspects, comprehensive understanding, the outlook of the market, and the trends that need to be followed to be upstream in the real-time market scenario.
The global Market have attracted audiences like Manufacturers, Subcomponent Manufacturers, Downstream Vendors, Industry Association, Traders, Contractors, Regulatory bodies, Wholesalers, Raw material suppliers, end-users, and distributors.
The prominent market players of the packaging industry are SEALED AIR CORPORATION (US), AEP Industries Inc., Amcor Ltd (Australia), Smurfit Kappa Group, Tri-Mach Group Inc., Orora Packaging Australia Pty Ltd, Cambridge Packing Company, Berry Global Group Inc (US), Bemis Company Inc., Smurfit Kappa Group PLC (Ireland), DuPont (EI) de Nemours, Visy Industries Holdings Pty Ltd, Printpack, Inc., Cascades Inc (Canada), and ABBE CORRUGATED PTY. LTD.
Technology Analysis
The Meat, Poultry, and Seafood Packaging market search report deal with highlighting the detailed study compiled using data and metadata of the primary research done by industry experts. Many local and global companies have shown interest in the market boosting the revenue of the industry globally. Packing is essential to maintain a healthy lifestyle.
The packaging industry has surfaced in today's times taking in the note of the modern lifestyle that requires high-end services to meet the industrial standards. Factors like storage and transportation are a necessity seeing to the demand of high maintenance required in the packaging industry seeing to consumer's high expectation and inclination towards security, convenience, and spillage issues. Meat, poultry, and seafood packaging components are so designed to meet all industrial aspirations like physical transport requirements, ensure supply chain, easy availability, product arrival time, preserving the texture, maintaining taste, quality, and quantity. Differentiating the packaging based on graphics, color, product, brand, etc. is essential to achieve market demand.
The factors responsible for the growth of the global market are adoption of healthy eating lifestyle within individuals and Government's initiatives which supports them, increased demand of single portion packaging items, increased demand of small scale preservation, increased demand of disposable packaging used for retail and office purposes, retailers and manufactures interest in the packaging industry, country-wise emerging economies to promote import and export, increase the life of the product, resealability, and many more. Whereas, the shift towards fresh meat availability is one of the most prominent factors that declines the packaging industry demand.
Study Objectives
The Meat, Poultry, and Seafood Packaging Market Report's study objectives are:
- Emphasis on upcoming projections, market structure, market share, market value, and market volume.
- A detailed study on market drivers, challenges, and current scenario.
- Technology analysis, regional analysis, current trends, and forecast year growth values.
- Developments in the market in recent and forthcoming years.
Segment Overview
By Product Type
The Market are segmented based on product type as flexible packaging (bags, plastic films, and pouches) and rigid packaging (trays, sleeves, corrugated box, cans, folding carton, container, and others). Flexible packaging is expected to gain more market than rigid packaging seeing to easy, handy, and flexible materials used while packaging.
By Raw Material type:
The Market are segmented based on raw material as paper, plastic, and metal.
By Technology:
The Market are segmented based on technology as vacuum packaging, modified atmosphere packaging, case-ready packaging, retort packaging, active and intelligent packaging.
By Application type:
The Market are segmented based on application type as fresh, frozen, ready to eat, processed food, and others.
Regional Analysis
The Meat, Poultry, and Seafood Packaging Market are segmented based on region as North America, Europe, Asia Pacific, Latin America, The Middle East, Africa, and the rest of the world.
- A drastic shift in market trend towards high barrier films for ready to eat packages for office purpose and convenience North America is heading towards immense growth in the field.
- Country-wise (China and India) emerging economies to promote import and export have been a major contributor in the global market. An increase in demand for disposable packaging has led to an upward trend in the market. Asia-Pacific regions are expected to boost during the forecast period.
- The Rest of the world has also emerged as major benefactors in the global meat packaging market seeing to the rising interest of the Government's initiatives to meet global meat, poultry, and seafood packaging market standards.
Recent Developments
With the increase of the government’s rules and regulations towards the safe packaging of meat, poultry, and seafood, the packaging industry is seeing an upward trend. Improved and modern lifestyle intake in today's era with increasing population and growing GDP. Country-wise emerging economies to promote import and export have made many manufactures and investors partner for a better future of the packaging industry globally.
In July 2019, RPC Group PLC (RPC) was acquired by Berry Global Group Inc., with an expenditure of 6.5 billion US dollars, to create value-adding solutions which acted as protective shields in plastic packaging companies. This partnership is expected to reach about 150 million US dollars annually.
The Meat, Poultry, and Seafood Packaging market search report deal with highlighting the detailed study compiled using data and metadata of the primary research done by industry experts. Many local and global companies have shown interest in the Meat, Poultry, and Seafood Packaging market boosting the revenue of the industry globally. Taking note of the current scenario the report is generated based on market volume, market value, and market share.
The packaging industry has surfaced in today's times taking in the note of the modern lifestyle that requires high-end services to meet the industrial standards. Factors like storage and transportation are a necessity seeing to the demand of high maintenance required in the packaging industry seeing to consumer's high expectation and inclination towards security, convenience, and spillage issues. Meat, poultry, and seafood packaging components are so designed to meet all industrial aspirations like physical transport requirements, ensure supply chain, easy availability, product arrival time, preserving the texture, maintaining taste, quality, and quantity. Differentiating the packaging based on graphics, color, product, brand, etc. is essential to achieve market demand.
Report Overview
The Meat, Poultry, Seafood Packaging Market Research Report overview is as follows:
Share Market Segments, Market Size, Market Dynamics, Current trends, challenges faced by the industry, competitors, market supply, and demand.
- Qualitative and quantitative analysis of industrial experts and industrial experts.
- Key players and their sub-components.
- Recent industrial trends.
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2025:USD 51,144.1 Million |
| CAGR | 4.28% CAGR (2020-2027) |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Material , Packaging Technology and Application |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | SEALED AIR CORPORATION (US), AEP Industries Inc., Amcor Ltd (Australia), Smurfit Kappa Group, Tri-Mach Group Inc., Orora Packaging Australia Pty Ltd, Cambridge Packing Company, Berry Global Group Inc (US), Bemis Company Inc., Smurfit Kappa Group PLC (Ireland), DuPont (EI) de Nemours, Visy Industries Holdings Pty Ltd, Printpack, Inc., Cascades Inc (Canada), and ABBE CORRUGATED PTY. LTD. |
| Key Market Opportunities | Growth in demand for sustainable packaging solutions |
| Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
The global meat, poultry, seafood packaging market is expected to record a substantial market valuation of USD 51 billion by 2025.
The global meat, poultry, seafood packaging market is projected to register a moderate 4.28% CAGR in the forecast period.
Increasing demand for smaller portion food items and the development of the consumer goods sector are expected to drive the growth of the market.
What factor poses a challenge for the players of the global meat, poultry, seafood packaging market?
the proclivity towards freshly cooked food nd additional cost of final products are likely to hamper the growth of the meat, poultry, seafood packaging market over the review period.
The plastic segment is slated to expand as the fastest-growing segment.
The fresh and frozen products segment is slated to expand as the fastest-growing segment.
A few major market players operating in the global meat, poultry, seafood packaging market are Sealed Air Corporation (US), Cascades Inc (Canada), DuPont (US), among others.
The Meat, Poultry, and Seafood Packaging Market are segmented based on technology as vacuum packaging, modified atmosphere packaging, case-ready packaging, retort packaging, active and intelligent packaging.