The Meat Packaging Market is being driven by Rising awareness of high nutritional value of meat products
The Meat Packaging Market is expected to grow at a CAGR of 5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2599.1 million. In the meat packaging industry, the adoption of plastic films is on the rise due to their numerous business advantages. These films, utilized as stretch films and shrink films, significantly enhance the preservation of meat products by improving their shelf life. Moreover, the implementation of plastic films leads to substantial cost savings. Compared to rigid packaging alternatives like clamshells, the use of plastic films can decrease meat packaging manufacturers' purchasing costs by approximately 45%. Furthermore, plastic films optimize space utilization during transportation in trucks, thereby reducing overall transportation and warehouse expenses.
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The market is segmented based on segments_for_ai.nslist
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 |
|
Report Coverage |
Details |
Page number |
207 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5% |
Market growth 2025-2029 |
USD 2599.1 million |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
4.7 |
Key countries |
China, US, UK, Japan, Canada, South Korea, Germany, Italy, Brazil, and UAE |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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During the assessment period, meat packaging sales continued to grow due to the increasing demand for protein-rich products and packaged food items. The meat packaging industry focused on enhancing shelf life through advanced technologies like gloss and moisture barrier in polyethylene segments. OECD, FAO, and Economic Research Service reported on meat products' packaging trends, including cold storage, vacuum packaging, and contamination control. Pork, poultry, and seafood packaging utilized various materials, such as plastic and biodegradable paper, prioritizing color and quality. Retort packaging was also adopted for extended shelf life and improved handling.
The meat packaging industry is a significant segment of the global packaged foods and meats market, which encompasses businesses engaged in the processing and packaging of protein-rich food products to enhance their shelf life and maintain gloss and moisture barrier properties. According to Technavio's market analysis, the market's size is determined by the consolidated revenue generated by the vendors specializing in this sector. The Polyethylene segment holds a substantial market share due to its excellent barrier properties. The market's expansion will be fueled by the health benefits associated with consuming minimally processed meat products, which offer essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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