The global meat packaging market is poised for significant growth, with market size estimated to reach US$ 7.4 billion in 2023 and projected to exceed US$ 12.3 billion by 2033. Future Market Insights (FMI) forecasts a steady compound annual growth rate (CAGR) of 5.2% during the assessment period from 2023 to 2033, driven by increasing consumption of protein-rich products, rising demand for packaged food, and a focus on improving meat product shelf life.
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Key Highlights from the Global Meat Packaging Market Report:
- Market Size and Growth:
- The global meat packaging market is estimated to be valued at US$ 7.4 billion in 2023.
- Projected to grow at a 5.2% CAGR, the market is expected to reach US$ 12.3 billion by 2033.
- FMI predicts an incremental growth opportunity of US$ 5.1 billion between 2023 and 2033.
- Material Segment Insights:
- Polyethylene is projected to expand 1.6 times its current market value during the forecast period due to its excellent transparency, gloss, and moisture barrier properties.
- Other materials used in meat packaging include polypropylene and polyvinyl chloride.
- Industry Dynamics:
- Meat packaging protects meat and meat products from mechanical, chemical, and biological hazards during processing, storage, and distribution.
- Increased consumption of packaged food, heightened concern for hygiene, and demand for packaging that extends shelf life without altering meat properties are key market drivers.
- Consumption and Production Trends:
- Rising production and consumption of meat and poultry products, driven by their high nutritional content, are expected to boost meat packaging demand.
- As per the Institute of Food Technologies (IFT), global meat consumption is anticipated to rise by 1.4% per year through 2023, further elevating demand for meat packaging solutions.
- Export and Technological Advancements:
- Growing exports of meat and poultry products and advancements in packaging technologies are creating significant revenue-generation opportunities.
- Leading companies are focusing on sustainable packaging solutions, investing heavily in R&D to develop eco-friendly meat packaging.
Strategic Market Implications
The steady growth of the global meat packaging market presents significant opportunities for industry players to innovate and cater to evolving consumer preferences. Strategies such as the development of sustainable packaging solutions, adoption of advanced technologies for product preservation, and expansion into emerging markets are expected to drive market competitiveness and growth.
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.
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Key Takeaways:
- By material, polyethylene segment is expected to hold around 56% share of the worldwide meat packaging industry during the assessment period.
- In terms of packaging technology, the modified atmosphere packaging technology segment is set to account for around 42% value share of the global market by the end of 2033.
- Based on product type, fresh meat segment is anticipated to hold a market share of around 50% in the next decade.
- By meat type, poultry meat segment is expected to reach around US$ 4.8 billion by the end of 2033.
- East Asia meat packaging market is forecast to expand at 5.5% CAGR through 2033.
- Meat packaging demand across South Asia is likely to surge at 6.1% throughout the assessment period.
- The USA is forecast to hold around 17.4% share of the global meat packaging industry in 2023.
“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
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.
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Meat Packaging Industry By Category:
By Material Type:
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Ethylene Vinyl Alcohol (EVOH)
- Polyamide (PA)
- Others
By Product Type:
- Fresh Meat
- Processed Meat
- Frozen Meat
By Meat Type:
- Beef
- Pork
- Poultry
- Seafood
- Others
By Packaging Technology:
- Modified Atmosphere
- Vacuum Skin
- Vacuum Thermoformed
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
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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