The global poultry packaging market is set to enjoy a valuation of US$ 2.5 Bn in 2022, and further expand at a CAGR of 5.0% to reach US$ 4.0 Bn by the year 2032.
The poultry packaging market is driven by the growth of the global poultry industry and the increasing demand for high-quality and safe poultry products. With the increasing awareness among consumers about food safety and hygiene, poultry producers are focusing on using high-quality packaging materials and advanced packaging techniques to ensure the safety and freshness of their products.
The poultry packaging market is a growing industry that involves the production and distribution of packaging materials specifically designed for poultry products. Poultry packaging is used to preserve the freshness and quality of poultry products during transportation and storage, as well as to provide information about the product to consumers.
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The global poultry packaging market has experienced steady growth in recent years, driven by the increasing demand for poultry products around the world. The growth of the market is also influenced by changing consumer preferences and the need for more sustainable packaging solutions.
One of the key factors driving demand for poultry packaging is the increasing consumption of poultry products around the world. Poultry products are a popular source of protein and are consumed in large quantities in many countries. The demand for poultry products has led to an increase in the production and distribution of poultry packaging materials.
Another factor driving growth in the poultry packaging market is the need for more sustainable packaging solutions. Consumers and businesses are increasingly looking for packaging materials that are eco-friendly and can be recycled or reused. Poultry packaging manufacturers are responding to this demand by developing new packaging materials that are made from renewable resources and are biodegradable.
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In conclusion, the poultry packaging market is a growing industry that is driven by the increasing demand for poultry products around the world and the need for more sustainable packaging solutions. As the industry continues to evolve, it is likely that we will see further innovation in packaging materials and technologies that will help to improve the freshness, quality, and sustainability of poultry products.
Competitive Landscape
Key players operating in the poultry packaging market are trying to focus on increasing their sales and revenues by expanding their capacities to cater for the growing demand. These leading players are adopting different strategies to expand their resources and are developing new products.
Meanwhile, some of the players are upgrading their production facilities to gain competitive edge. Some of the recent key developments in the market by the leading players are as follows –
- In April 2022, Cascades announced the expansion of its eco-friendly packaging line. The company announced the addition of a recyclable PET tray that is made from recycled products. This tray would be an alternative to hard to recycle food packaging, which is an environmental concern. This product would help the food packaging to move towards a sustainable direction and would contribute to company’s goal of 100% recyclable, compostable or reusable by the year 2030.
- In May 2022, Smurfit Kappa announced a huge investment at smurfit Kappa LithoPac to increase the capacity to meet the demand. The investment in the new laminating machine would help the company in reducing 20% of the waste and would reduce material consumption. It would help in increasing production and would drive the packaging industry in an innovative and sustainable direction.
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Key Players:
- Berry Global, Inc.
- Sealed Air Corporation
- ProAmpac LLC
- Glenroy, Inc.
- Amcor PLC
- Mondi Group
- Sonoco Products Company
- Winpak Limited
Poultry Packaging Market by Category
By Material:
- Plastic
- Paper
- Molded Pulp
By Packaging Type:
- Rigid Packaging
- Trays
- Bowls
- Cans
- Boxes
- Flexible Packaging
- Pouches
- Wraps
- Bags
- Films
By Distribution Channel:
- E-commerce
- Retail Stores
- Convenience Stores
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
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