The global processed meat packaging market size was valued at around US$ 1.4 Billion in 2021 and is projected to increase at a CAGR of 4.8% from 2022 to 2032. During the forecast period, the processed meat packaging market is expected to create an incremental opportunity of US$ 2.4 Billion in 2032.
Fast-paced lifestyles and an increasing number of salaried workers have raised the consumption rate of ready-to-eat food products, which is expected to spur market expansion.
Such packages are typically made of aluminum foil, polyethylene terephthalate (PET), material coated with a polymer film, and similar other materials. But over time, their use has evolved to include bags and sacks made of different thermoplastic films, as well as similar specialized structures for particular uses.
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Increased consumer demand for ready-to-eat and ready-to-cook meals in both developed and emerging nations is one of the key factors for pushing growth in the global processed meat packaging market. Fast-paced consumer lifestyles and lack of time for cooking are some of the other significant business drivers.
The industry will be propelled by millennials’ rising acceptance and consumption of foods that are ready to eat and cook.
The need for processed meat packaging is also being driven by growing customer demand for flavored and nutritious meat products. Due to time constraints brought on by rapid urbanization, various consumers from emerging nations are gravitating toward packaged beef products.
As a result, there is a great chance for multinational companies to upgrade their product line-ups in order to broaden and reconsider their marketing strategies in order to enter the meat packaging industry.
Undoubtedly, demand from manufacturers for recyclable materials in packaging will rise in the coming decade. Businesses are nowadays choosing to focus on sustainable growth, which has led producers to offer products that are environmentally friendly and meet stringent packaging standards.
The processed meat packaging market is thus anticipated to experience considerable growth potential throughout the forecast period.
Key Takeaways from Global Processed Meat Packaging Market
- By material, the plastic segment is anticipated to create an incremental opportunity of US$ 800 Million during the forecast period of 2022–2032.
- Based on application, the poultry segment is likely to remain at the forefront in the global processed meat packaging market by 2032.
- The China processed meat packaging market is estimated to create an incremental opportunity of US$ 240 Million during the projection period of 2022–2032.
- The S. processed meat packaging market is expected to reach US$ 710 Million by 2032.
- The processed meat packaging market registered a CAGR of 6% during the historical period of 2016–2021.
“Increasing demand for fresh meat products in a wide range of application areas such as poultry, beef, and pork, is anticipated to fuel expansion of the processed meat packaging market in the upcoming decade,” says a FMI analyst.
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High Demand for Convenience Food to Push the Processed Meat Packaging Industry
Increasing supply chain efficiency or making it simpler for customers to receive their meals at their doorsteps are two major examples of how convenience is extremely useful in the processed meat packaging sector. Although there are other marketing and demographic elements at play, convenience continues to be a key intrinsic driver of the processed meat packaging market.
This demonstrates the value of flexible packaging, which is expected to push the majority of industry growth in the years to come. The marketability of meat and seafood in practically any form can be improved by making use of the variety and customizability of agile packaging products, whether companies are putting traditional cuts in case-ready materials or giving customers cutting-edge single-serving prepared goods.
Surging Need for Organic Meat Products to Create High Demand for Processed Meat Packaging
Demand for delicious and healthy meat products has soared across the globe, which has further fueled the processed meat packaging industry. Many people are aware of the existence of meat from conventionally reared poultry.
They are constantly switching to organic beef products as a result of their growing awareness regarding the significance of consuming foods that are safe, healthy, and free of antibiotics & chemical residues. This promotes interest in organic animal husbandry.
In response to the growing trend, several producers are developing meat products by using meat from farms with organic certification. Utilizing organic beef helps to maintain the genuineness of culinary products.
Competitive Landscape: Processed Meat Packaging Market
Some of the renowned key players in the global processed meat packaging market include Amcor plc, Berry Global Inc, Winpak Ltd, Sealed Air Corporation, Mondi Group, Amerplast ltd, Faerch Plast A/S, Bollore Group, Constantia Flexibles Group GmbH, Sonoco Products Company, Thantawan Industry Plc, Cascades Inc, Coveris Holdings S.A. XtraPlast Packaging Materials, Pactiv, Optimum Plastics, Nuconic Packaging LLC, Novipax, Silgan Holdings, and Westrock Company among others.
Get More Exclusive Insights on Processed Meat Packaging Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global processed meat packaging market, analyzing historical demand from 2016–2021 and forecast statistics for 2022–2032. The study reveals market growth projections on the product type (trays, pouches, cans, films & wraps, others), material (plastic, metal, paper & paper board), and application (beef, pork, poultry, seafood, others) across seven regions.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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