ID: MRFR/PNT/1734-CR | 150 Pages | Published By Sakshi Gupta on October 2020
The global Meat, Poultry, and Seafood Packaging market are anticipated to acquire a market size of more than USD 32,984 million during the review period of 2030. Further, the global market for Meat, Poultry, and Seafood Packaging is projected to acquire a market value at a 4.30% CAGR in the review period.
The rising adoption of a healthy eating lifestyle among the people, the rising demand for small-scale preservation or single portion packaging items, and rising initiatives of the government to meet global market standards is projected to drive the global market growth during the review period. Also, the rising demand for disposable packaging in the offices and retail sector is estimated to drive market growth. The rising investment in the packaging industry by the manufacturers and retailers is fuelling the Meat, Poultry, and Seafood Packaging industry. The growing GDP and rising population are estimated to expand the global market growth during the research period. Apart from that, the global market is growing because of the consumer-friendly terms of storage and resealability.
Further, the product type segment has been classified into rigid packaging (corrugated boxes, trays, sleeves, cans, containers, folding cartons, and others) and flexible packaging (plastic films, bags, and pouches). The technology segment has been classified into vacuum packaging, case-ready packaging, retort packaging, modified atmosphere packaging, and active and intelligent packaging. The raw material type segment is segregated into paper, metal, and plastic. The application type segment is segmented into processed food, fresh, ready-to-eat, frozen, and others.
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. The 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.
The factors responsible for the growth of the global meat, poultry, and seafood packaging market are:
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 meat, Poultry, and Seafood Packaging market, and the trends that need to be followed to be upstream in the real-time market scenario.
The global meat, Poultry, and Seafood Packaging Market have attracted audiences like Manufacturers, Subcomponent Manufacturers, Downstream Vendors, Industry Association, Traders, Contractors, Regulatory bodies, Wholesalers, Raw material suppliers, end-users, and distributors.
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.
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 meat, Poultry, and Seafood Packaging market demand.
The factors responsible for the growth of the global meat, Poultry, and Seafood Packaging 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.
The Meat, Poultry, and Seafood Packaging Market Report's study objectives are:
The meat, Poultry, and Seafood Packaging 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.
The Market are segmented based on raw material as paper, plastic, and metal.
The Market is segmented based on technology as vacuum packaging, modified atmosphere packaging, case-ready packaging, retort packaging, active and intelligent packaging.
The meat, Poultry, and Seafood Packaging Market is segmented based on application type as fresh, frozen, ready-to-eat, processed food, and others.
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.
In July 2019
The prominent player Berry Global Group Inc. has acquired RPC Group PLC (RPC) to generate value-adding solutions with an expenditure of 6.5 billion US dollars. This has aimed to provide a protective shield to plastic packaging companies. Further, this partnership aims to expand the company’s growth by reaching 150 million US dollars annually.
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.
|Market Size||USD 32,984 Million 2030|
|CAGR||4.30% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|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||
The global meat, poultry, seafood packaging market is expected to record a substantial market valuation of USD 32,984 million by 2030.
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.
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.