Global Meat, Poultry, Seafood Packaging Market – Overview
Meat, poultry & seafood packaging refers to surrounding or wrapping meat, poultry and seafood products with suitable protective material such as paper or synthetic films. The products can vary from fresh food, processed food and ready-to-eat products. The constantly increasing demand for processed food such as meat, majorly in the developed nations across the world and government initiatives towards food safety, are the factors driving the demand for meat, poultry, and seafood packaging. Additionally, rising income level of individual in developing countries result in the increase in purchasing power which is also expected to be impact positively on the market. However, increased costs of the final product may hamper the growth of the market.
Global meat, poultry, seafood packaging market is expected to reach a market size of USD 45,635.26 million by the end of the forecast period at CAGR of 4.10%.
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Global Meat, Poultry, Seafood Packaging Market – Competitive Analysis
- Berry Global Group Inc. (US)
- Bemis Company Inc. (US)
- Sealed Air Corporation (US)
- Smurfit Kappa Group PLC (Dublin)
- DuPont (EI) de Nemours (US)
- Cascades Inc. (Australia)
- Printpack, Inc. (US)
- Vector Packaging (US)
- LINPAC Packaging Limited (UK)
These are some of the key players at the forefront of the competition in the Meat, Poultry, Seafood Packaging Market and profiled in MRFR Analysis.
The market appears to be highly competitive and fragmented owing to the presence of several large and small key players accounting for a substantial market share. These key players incorporate acquisition, partnership, collaboration, expansion, technology & product launch in order to maintain their market position. Manufacturers are striving to find ways to reduce raw material prices. Raw material suppliers apply the power to determine prices of raw materials, which has an impact on the business.
Innovation/Industry/ Related News:
March 05, 2018 – Dalehead Foods (UK), a leading supplier of meat products, launched a range of ready-to-eat turkey products sold in one of its kind – recyclable paperboard packaging.
March 01, 2018 – Sirane Ltd (UK), a leading global supplier of Food packaging products, introduced its new – plastic-free compostable food pouch – Earthpouch, at the 2018 – Packaging Innovations event, UK.
March 11, 2018 – Maxwell Chase Technologies, LLC. (US), a leading global CSP Technologies packaging company, specialized in the packaging solutions for the food industry, introduced – first-of-its-kind, active packaging solution – SeaWell Seafood Trays at the Seafood Expo North America in Boston. These trays can significantly extend the shelf life of seafood.
Global Meat, Poultry, Seafood Packaging Market – Segments
The Meat, Poultry, Seafood Packaging Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
By Types : Vacuum Skin Packaging, Modified Atmosphere Packaging, Rigid Packaging, and Flexible Packaging among others.
By Materials : Comprises Plastic, Paper and Metal among others.
By Applications: Fresh & Frozen Products, Processed Products, and Ready-to–Eat Products, among others
By Regions : North America, Europe, APAC and Rest of the World.
Segment Plastic by Materials, in 2016, accounted for the largest as in, 58.48% of the market share and a market value of USD 20,595.4 Million.
Segment Paper by Materials, in 2016, accounted for the second largest segment valuing USD 8,972.1 million. The segment is further expected to grow at a CAGR of 3.75% during 2017- 2023.
While, on the basis of packaging technology, Modified Atmosphere Packaging held the largest market share of 44.34% in 2016, with a market value of USD 15,614.1 million. The segment is estimated to grow at 4.35% of CAGR during 2017- 2023.
On the other hand, Segment – Vacuum Skin Packaging on the basis of packaging technology, valued at USD 13,064.5 million in 2016.
On the basis of Application, segment – Fresh & Frozen Products accounted for the 47.23% of the market share and a market value of USD 16,632.7 million, in 2016.
While, on the basis of Application, segment – Processed Products valued at USD 11,307.5 million in 2016. The segment is further expected to register 3.96% of a CAGR during 2017- 2023.
However, Segment – Ready-to-Eat Products, by Application, will register the highest CAGR of 4.28% during the forecast period.
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Global Meat, Poultry, Seafood Packaging Market – Regional Analysis
Globally, North America market accounts for the leading market in the global Meat, Poultry, and Seafood Packaging Market. In 2016, the market held the largest as in, 34.84% of the market share, valuing USD 12,270.3 Million. Owing to the consumers’ inclination towards the convenience food products; the market is projected to grow at the 4.61% of a CAGR during the review period.
While the second-largest market for the Meat, Poultry, and Seafood Packaging, Europe, valued at USD 9,739.2 million in 2016. Attributing to the augmented adoption of eco-friendly techniques for packaging of food products in the region, the Europe market is expected to grow at 3.89% of a CAGR. In addition, factors such as increased disposable income that increases consumers’ affordability & quality of life, coupled with the augmented demand for the convenience food & growing awareness of packaged food among consumers in the region are also fuelling the growth of the regional market.
Whereas Asia-Pacific region emerging as the fastest growing market for the Meat, Poultry, and Seafood Packaging. Attributing to the factors such as emergence of active and intelligent packaging solutions coupled with the growing demand for flexible packaging; the regional market will register a CAGR of 4.10% during 2016 to 2023.
Major Table Of Contents :
1 Executive Summary
2 Research Methodology
2.1. Scope of the Study
2.1.1. Definition
2.1.2. Research Objective
2.1.3. Assumptions
2.1.4. Limitations
2.2. Research Process
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Market Size Estimation
2.4. Forecast Model
3 Meat, Poultry & Seafood Packaging Market Dynamics
3.1. Market Drivers
3.2. Market Inhibitors
3.3. Supply/value Chain Analysis or Market Ecosystem
3.4. Porter’s Five Forces Analysis
Continued………..
List of Tables
Table 1 Global Meat, Poultry & Seafood Packaging Market, by Material
Table 2 Global Meat, Poultry & Seafood Packaging Market, by Type
Table 3 Global Meat, Poultry & Seafood Packaging Market, by Application
Table 4 Global Meat, Poultry & Seafood Packaging Market, by Regions
Table 5 North America Meat, Poultry & Seafood Packaging Market, by Material
Table 6 North America Meat, Poultry & Seafood Packaging Market, by Type
Table 7 North America Meat, Poultry & Seafood Packaging Market, by Application
Continued……….
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