Fresh Meat Packaging Market is Projected to be Valued Significantly By End 2023
Posted by Ajay Daniel on December 6th, 2017
The global fresh meat packaging market is segmented into packaging format such as modified atmosphere packaging (MAP), vacuum thermoformed packaging (VTP), vacuum skin packaging (VSP) and others out of which, modified atmosphere packaging (MAP) segment accounted for the biggest share of overall fresh meat packaging market. Likely, growing usage of modified atmosphere packaging (MAP) all over the globe due to its numerous properties such as it enhances the meat shelf life and helps to maintain the color of meat. Additionally, increasing sale of modified atmosphere packaging (MAP) beef steaks due to their increased tenderness and juiciness compared with other packaging is also envisioned to supplement the market of global modified atmosphere packaging (MAP) in near future. Apart from this, vacuum thermoformed packaging (VTP) is projected to witness lucrative growth in near future.
Global fresh meat packaging market is expected to mask an exceptional CAGR of 4.0% over the forecast period i.e. 2016-2023. Moreover, the global fresh meat packaging market is anticipated to account noteworthy revenue by 2023. Additionally, the market is riding on the back of growing preference for high quality packaged meat products which are easy to buy and carry.
The flexible plastic meat packaging segment by packaging is envisioned to grab the largest market of overall fresh meat packaging market. In terms of regional platform, North America accounted for the lion share in global fresh meat packaging market in 2015. Moreover, U.S. is the dominating country in North America region owing to rising concern for health and hygiene. Moreover, increasing number of athletes has positively impacted the growth of fresh meat packaging market in this region.
Rapid expansion of urban population has paved the way for packaged food products due to health and hygiene concerns. In addition to this, according to UN, the global urban population is expected to reach 66% by 2050 of the world’s total population, characterized by high income individuals that are expected to fuel the demand for packaged food products which in turn expected to foster the growth of fresh meat packaging market over the forecast period i.e. 2016-2023.
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Advancement in Packaging Technology
Introduction of various technologies to increase the shelf life of meat is believed to flourish the growth of fresh meat packaging market. Moreover, expansion of meat industry coupled with growing population and swelled disposable income of the population are some of the factors propelling the market of fresh meat packaging.
On the contrary, stringent regulations from environment regulatory authorities in respect to limit the non-biodegradable packaging are likely to dampen the growth of fresh meat packaging market.
The report titled “Fresh Meat Packaging Market: Global Demand, Growth Analysis & Opportunity Outlook 2023” delivers detailed overview of the global fresh meat packaging market in terms of market segmentation by packaging, by layer, by packaging format, meat type, by distribution channel, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global fresh meat packaging market which includes company profiling of Bemis Company, Inc., Sealed Air Corp., Amcor Ltd, Berry Global, Pactiv, Harpak-ULMA Packaging, Coveris Holdings S.A, Multivac Sepp Haggenmüller GmbH & Co.KG, Sealpac International BV, Winpak Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global fresh meat packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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About the AuthorAjay Daniel
Joined: August 14th, 2017
Articles Posted: 147
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