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The current state of the food stuff packaging industry in regard to meat, poultry and sea food is influenced by factors that move the supply, demand and general trend patterns. This sector functions at the very heart of the supply chain in perishable foods industries while helping to ensure the quality, safety, and shelf life of these products and so it is extremely important to comprehend the factors that stimulate the growth.
Consumption habits and lifestyle transformation based on the public are the other factor limiting market prospects. The new trend of humanization in the choice of meat includes the desire to purchase leaner meats of animals, poultry, and fish. This transition in consumer essence becomes a driver for a packaging shift as more and more companies start using eco -friendly, with a possibility of including the eco-friendly packaging solutions in their products to let the consumers be able to make a wise choice.
Standards and regulations have been a prominent force when it comes to the favorable market dynamics. Governments and International organizations keep up the stricter regulations in order to be the food products to be clean and not be contaminated. Packaging materials and processes have to be adhering to these regulations and this made the industry to flash out new ideas. The environmentally sustainable practices like the products made and without plastic which meets regulations and consumer expectations have become crucial and their usages are growing.
The world of supply chain has a great impact on the dynamics of package market of meat, poultry, seafood and much more. The scarcity of the materials and their prices, for example the packaging and transportation rates, are divided directly among the industry total cost structure. Moreover, geopolitical aspect, regulation, trade policies and transportation inability also play roles that may hinder the flow of goods hence affecting the market prices.
The packaging industry is experiencing a revolution as a result of new advancements in technology, and it isn't solely meat, poultry, and seafood sector which is in the process of reimagination. Innovations like vacuum packaging, modified atmosphere packaging (MAP) and smart packaging are now more common, and thus are going to make the food safer. While these advancements help elongate the shelf life of merchandise, they additionally make the entire consumer experience better by giving people features like freshness indicators and temperature monitoring.
Consumer convenience as the principle factor that propels trends pertaining packaging in the meat, poultry, and seafood industry. Instant and portable selections become more popular as for their utilitarian nature that doesn't compromise product quality for sure. With the goal that the packaging facilitates interval, storage, and portion wise handling, it will be able to meet the changing expectations among consumers who are often busy.
Meat Poultry Seafood Packaging Market Highlights:
Meat, Poultry, and Seafood Packaging Market Overview
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 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. 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.August 2023: The demand for leak-proof and tamper-evident packaging for online meat, poultry, and seafood sales continued to rise. Packaging companies introduced new solutions catering specifically to e-commerce deliveriesSeptember 2023: Developments in smart packaging for meat products emerged. These included solutions for monitoring freshness, temperature control, and anti-counterfeiting measures
Meat, Poultry, and Seafood Packaging 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 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.
List of the prominent major companies of the meat, Poultry, and Seafood Packaging Market 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 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.
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 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.
By Raw Material type:
The Market are segmented based on raw material as paper, plastic, and metal.
By Technology:
The Market is segmented based on technology as vacuum packaging, modified atmosphere packaging, case-ready packaging, retort packaging, active and intelligent packaging.
By Application type:
The meat, Poultry, and Seafood Packaging Market is 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.Â
- 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
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.
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.
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