Global Meat, Poultry & Seafood Packaging Market is expected to witness substantial growth during the forecast period on account of the increasing demand for small portion food items, growth in the consumer good sectors and increasing number of retails outlets, thereby augmenting demand for processed food items and ready-to-eat items., However, inclination towards freshly cooked food and added costs of the final product can become a restraint for meat, poultry & seafood packaging market., The 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., Regional Analysis: Global meat, poultry & seafood packaging market, Geographically, the global meat, poultry & seafood packaging market is segmented based on region into North America, Europe, Asia-Pacific, and rest of the world (RoW). , North America accounted for the largest share as the consumers in the region are more inclined towards convenience products for the sake of ease. The demand for meat, poultry, and seafood packaging in the region is also expected to be driven, owing to factors such as demographic shifts and an increase in global population., Europe accounted for the second-largest market, which is anticipated to exhibit sustainable growth rate during the forecast period. The meat, poultry, and seafood packaging market is growing with the increased adoption of eco-friendly techniques of packaging for food products in Europe. Factors such as increasing disposable income of people in the region, the rise in demand for convenience food, and growing awareness of packaged food among consumers are also driving the growth of the meat, poultry, and seafood packaging market in the region., Segmentation: Global meat, poultry & seafood packaging market, The global meat, poultry & seafood packaging market has been segmented based on material, packaging technology, application, and region. , Based on material, the global meat, poultry, and seafood packaging market have been classified as plastic, paper and aluminum. Plastic segment dominates the global meat, poultry, and seafood packaging market. 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. It is expected to strengthen its dominance during the forecast period., Based on packaging technology, the m
Market Overview
Global Meat, Poultry & Seafood Packaging Market is expected to witness substantial growth during the forecast period on account of the increasing demand for small portion food items, growth in the consumer good sectors and increasing number of retails outlets, thereby augmenting demand for processed food items and ready-to-eat items.
However, inclination towards freshly cooked food and added costs of the final product can become a restraint for meat, poultry & seafood packaging market.
The 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.
Regional Analysis: Global meat, poultry & seafood packaging market
Geographically, the global meat, poultry & seafood packaging market is segmented based on region into North America, Europe, Asia-Pacific, and rest of the world (RoW).
North America accounted for the largest share as the consumers in the region are more inclined towards convenience products for the sake of ease. The demand for meat, poultry, and seafood packaging in the region is also expected to be driven, owing to factors such as demographic shifts and an increase in global population.
Europe accounted for the second-largest market, which is anticipated to exhibit sustainable growth rate during the forecast period. The meat, poultry, and seafood packaging market is growing with the increased adoption of eco-friendly techniques of packaging for food products in Europe. Factors such as increasing disposable income of people in the region, the rise in demand for convenience food, and growing awareness of packaged food among consumers are also driving the growth of the meat, poultry, and seafood packaging market in the region.
Segmentation: Global meat, poultry & seafood packaging market
The global meat, poultry & seafood packaging market has been segmented based on material, packaging technology, application, and region.
Based on material, the global meat, poultry, and seafood packaging market have been classified as plastic, paper and aluminum. Plastic segment dominates the global meat, poultry, and seafood packaging market. 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. It is expected to strengthen its dominance during the forecast period.
Based on packaging technology, the meat, poultry, and seafood packaging market has been classified as modified atmosphere packaging, vacuum skin packaging, and others. The modified atmosphere packaging segment dominates the global meat, poultry, and seafood packaging market. It is expected to strengthen its dominance during the forecast period.
Based on application, the global meat, poultry, and seafood packaging market have been segmented into fresh & frozen products, processed products, and ready-to-eat products. Fresh & frozen products segment dominate the global meat, poultry, and seafood packaging market. It is expected to strengthen its dominance during the forecast period.
With increasing disposable income and modifying consumer preferences, an inclination is observed towards the consumption of frozen meat, poultry, and seafood products. It is expected to strengthen its dominance during the forecast period.
Key Competitors
The key players of global meat, poultry, seafood market are Amcor Ltd (Australia), Berry Global Group, Inc (US), LINPAC Packaging Limited (UK), PRINTPACK, INC (US), SEALED AIR CORPORATION (US), DuPont (US), Cascades Inc (Canada) and Smurfit Kappa Group PLC (Ireland).
In July 2019, Berry Global Group, Inc., acquired RPC Group PLC (RPC) for a price of approximately USD 6.5 billion. The combination of Berry and RPC creates a leading global supplier of value-added protective solutions and one of the world’s largest plastic packaging companies. It is anticipated to gain approximately USD150 million in annual synergies.
Intended Audience
Raw material suppliers
End users
Contractors
Manufacturers
Traders & distributors
Regulatory bodies
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.
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.
