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According to Future Market Insights’ latest analysis, the global meat packaging market is forecast to progress from US$ 7.4 billion in 2023 to US$ 12.3 billion by 2033. Overall meat packaging demand is poised to rise at 5.2% CAGR throughout the assessment period (2023 to 2033).
Burgeoning demand for packaged meat products, increasing consumption of protein-based foods, and technological improvements for extending shelf life of meat products are few of the key factors expected to drive the meat packaging industry swiftly during the projection period.
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Shelf life is known to be a crucial parameter among end users, such as meat producers, co-packers, and retailers, while choosing packaging films and their respective compatible packaging types. Barrier films and the adoption of appropriate packaging types such as vacuum and MAP enable meat producers, co-packers, and retailers to extend the shelf life of meat products by approximately 12 times. Further, these films also improve the visual appearance of meat products, and thus in turn attract meat product buyers.
The barrier films offer protection of the meat products from moisture, and dust and maintain freshness for relatively long durations. Such packaging also prevents this perishable food product from getting stale. Therefore, a small increment in shelf life goes a long way in retaining the consumer base and expanding it. This helps in enhancing the market presence. Thus, growing need for increasing shelf life of meat products will continue to bolster demand for meat packaging sales during the forecast period.
Various advancements in technology and powerful automated lines have opened several possibilities for the meat packaging businesses. The most recent and superior technology is high-pressure processing (HPP), which does not require heat while packaging meat products. It is a post-processing method that utilizes cold pasteurization.
During this method, the packed meat products are kept under a high level of isotactic pressure which eventually increases the shelf-life of the meat. Numerous retailers and meat yielders can get profit in their business. This novel packaging system enables producers in contrasting themselves from their opponents and will play a crucial role in boosting the global meat packaging industry.
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Key Takeaways from Meat Packaging Market
“Growing demand for hygienic and well-preserved meat products with a prolonged shelf life is expected to drive the global meat packaging market swiftly during the projection period,” says an FMI analyst
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Sustainability Offered by Flexible Packaging Formats to Augment Meat Packaging Market Development
Flexible packaging offers numerous benefits compared to rigid packaging materials. These benefits include lower energy usage, less raw material consumption, lower carbon footprint, and relatively lesser waste production. Lowered environmental impact can be achieved by reducing the quantity of material used in packaging.
Various stringent policies related to reuse and recyclability of plastics are being formed by governments worldwide. Administration of these regulations for improving sustainability is expected to propel the demand for flexible packaging in the future. This will eventually boost meat packaging market.
Who is Winning?
Amcor Plc, Berry Global Inc., Winpak Ltd., Sealed Air Corporation, Mondi Group, Amerplast Ltd., Faerch A/S, Bollore Group, Constantia Flexibles Group GmbH, Sonoco Products Company, Cascades Inc., ULMA Packaging, Kendall Packaging Corporation, Specialty Polyfilms, PLASTOPIL, Viskase, Flavorseal (M&Q Holdings), Uniflex Packaging, Mannok Pack, and Sirane Limited and others are the top players operating in the global meat packaging market.
New product launches, mergers, acquisitions, collaborations, facility expansions, and move toward online sales channels are a few of the strategies employed by leading meat packaging manufacturers to succeed in this market space.
Meat Packaging Industry Outlook by Category
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By Product Type:
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About the Packaging Division at Future Market Insights
The Packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, and packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
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