Burgeoning Production and Consumption of Meat to Drive the Meat Packaging Market

Fri, 09 October 2020 5:57

The demand for meat packaging is expected to increase enormously, owing to the increase in the production and consumption of meat products. As per the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), the global meat consumption increased by 58% in a span of 20years in 2018 and reached 360 million tons due to higher poultry consumption and affordability. Moreover, the benefits and functions performed by this packaging, such as longer shelf-life, avoiding contamination, ensuring the freshness, providing product visibility, microbiological and physio-chemical alterations, and resisting grease and odor drives the market growth.

Impact of COVID-19

The COVID-19 outbreak may hinder the growth of the meat packaging market in the near future. The reason for the pandemic being related to the consumption of an animal has hurt the consumer sentiments, which is likely to affect the consumption of the meat negatively. The production of meat is severely affected. Most people across the globe prefer home-cooked and vegetarian food. Furthermore, due to lockdown and social distancing norms, the pandemic is anticipated to cause supply and demand blow in the meat consumption.

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Key Highlights

  • The meat packaging market is predicted to grow at a rapid rate during the forecast period, owing to the increasing consumption of meat due to low prices and inclination towards convenience products
  • The poultry segment holds the highest market share in the meat packaging market
  • The polyethylene (PE) segment is expected to hold the maximum share, owing to the advantages such as elasticity and low cost of production when compared to other materials
  • North America is expected to observe a high growth rate in the meat packaging market due to sedentary lifestyles and high meat consumption

Key Players

  • Bemis Company, Inc
  • Winpak Ltd
  • Sealed Air Corporation
  • Berry Plastic Group
  • Coveris Holdings S.A
  • Amcor Limited
  • XtraPlast Packaging Materials
  • Silgan Holdings Inc.
  • DuPont De Nemours, Inc
  • Crown Holdings, Inc
  • Pactiv
  • Optimum Plastics

Meat Packaging Market: Segmentation

By Type

  • Poultry
  • Beef
  • Pork
  • Seafood

By Material Types

  • Polyethylene (PE)
  • Polyamide (PA)
  • Polyvinyl Chloride (PVC)
  • Ethylene Vinyl Alcohol (EVOH)
  • Biaxially Oriented Polypropylene Films (BOPP)

By Technology

  • Modified Atmosphere Packaging (MAP)
  • Vacuum Skin Packaging (VSP)
  • Vacuum Thermoformed Packaging (VTP)

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central and South America and the Caribbean
  • The Middle East and Africa

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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