Apr 26, 2021
Modified Atmosphere Packaging to Account for Major Share of Fresh Meat Packaging: Fact.MR
by Team Fact.MR
Fresh meat packaging manufacturers are subject to witness significant growth owing to increase in adoption of advanced packaging solutions. With rise in requirement for various types of packaging for meat such as beef, pork, poultry, and seafood, the global industry is set to ascend at a steady CAGR over the coming years.
The latest report by Fact.MR provides a detailed analysis of the industry along with demand-supply curve, growth & restraining factors, and regional trends for the forecast period of 2021 to 2031. As stated in the report, North America and Europe will emerge as leading players, while the market in Asia Pacific will exhibit the fastest growth throughout the forecast period.
Key Takeaways from Market Study
- High requirement for modified atmosphere packaging likely to be witnessed
- Growing preference for Polyethylene (PE) material to boost sales
- Rise in demand from beef and pork segments to fuel sales
- The United States to remain a lucrative market for fresh meat packaging
- Germany to maintain its lead in Europe’s market for fresh meat packaging
- Asia Pacific to emerge as the fastest-growing market
- China, the United Kingdom, India, Japan, France, and Canada to maintain positive industry outlook
“Incorporation of cutting-edge technologies by leading manufactures is set to raise their revenue considerably. Additionally, surge in demand for vacuum skin packaging and vacuum thermoformed packaging solutions will bolster market growth,” says a Fact.MR analyst.
Growing Consumption of Meat Fuelling Sales of Fresh Meat Packaging
Fresh meat packaging is highly sought-after for storing various types of meat such as beef, pork, poultry, seafood, and others. With increase in consumption of meat and seafood across the world, manufacturers of fresh meat packaging are expected to gain higher revenues over the coming years.
According to data revealed by the National Chicken Council, in the United States, per capita consumption of total red meat grew from 104.2 pounds in 2015 to 111.7 pounds in 2020, and this is set to grow further. As stated in a report published by the European Commission (EC), meat and veal production in the European Union (EU) increased to nearly 28 million tonnes in 2015, and is subject to grow further. These factors are widening the growth scope for fresh meat packaging manufacturers across the world.
Who is Winning in this Space?
The global fresh meat packaging market is strictly competitive. In order to main in leading positions, key players are launching a wider range of products.
- Sealed Air Corporation recently launched its new range of leak proof beef, pork, and lamb packaging solutions.
- Cascades Inc. launched its new range of recyclable LDPET trays, molded pulp trays, RPET barrier trays, and others, a couple of years back.
More Valuable Insights
In its latest report, Fact.MR offers an unbiased analysis of the fresh meat packaging market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of packaging type (modified atmosphere packaging, vacuum skin packaging stand up pouches, and vacuum thermoformed packaging), material (polyethylene (PE), polypropylene (PP), BOPP, EVOH, PVC, PA, and others), and meat type (beef, pork, poultry, seafood, and others), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
About the Consumer Goods Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Consumer Goods team at Fact.MR help clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the Consumer Goods industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
For more information, refer to our market research report or contact the PR author.
Sr. Consultant - Consumer Products
E-mail: [email protected]