Latest News- Fresh Meat Packaging Market: Flexible is expected to lead the Packaging segment during 2025-2029
The Fresh Meat Packaging Market is being driven by Rising adoption of case-ready fresh meat packaging
The Fresh Meat Packaging Market is expected to grow at a CAGR of 3.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 545.8 million. The fresh meat packaging market exhibits a fragmented landscape with moderate competitive intensity from major players. To enhance their market presence and enter new segments, large vendors are driving mergers and acquisitions among small players. These deals enable smaller entities to adopt advanced technologies from larger corporations, thereby ensuring their competitiveness. The global packaging industry's increasing consolidation will further propel the consolidation of the fresh meat packaging market, as it represents a significant segment. Notable mergers and acquisitions in the global packaging industry include Sonoco's acquisition of Eviosys, a leading European metal packaging and food can manufacturer, in December 2024 for approximately USD3 billion.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope in Fresh Meat Packaging Market Research Report
Market Scope |
|
Report Coverage |
Details |
Page number |
208 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.5% |
Market growth 2025-2029 |
USD 545.8 million |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
3.3 |
Key countries |
US, Mexico, China, Germany, India, UK, France, Japan, Australia, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Fresh Meat Packaging Market encompasses various types of meat, including Beef, Pork, Seafood, and Poultry products, packaged in PE, PP, BOPP, Plastic, Biodegradable products, Biodegradable paper, and more. Amidst the Novel Coronavirus pandemic, eCommerce sales surge, necessitating vacuum sealing, barrier films, and advanced technologies like Bio-plastics, Molded fibers, and Compostable packaging. Preservation against Contaminants, biological, chemical, and physical, is crucial, with capacity and network layouts optimized for efficient distribution.
In the dynamic fresh meat packaging market, various stakeholders play pivotal roles in ensuring the production and distribution of high-quality packaging solutions for beef, pork, seafood, and poultry products. The market encompasses a diverse range of suppliers, including raw material providers and manufacturers of metal, glass, and plastic containers. Raw materials span across steel, aluminum, tin, borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC). The supply chain extends beyond raw material procurement, encompassing research and development, large-scale manufacturing, and retail distribution channels. Shelf life enhancement through advanced storage technology is a crucial factor, with biodegradable products, such as PE, PP, BOPP, biodegradable paper, and other eco-friendly alternatives, gaining increasing market traction.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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