PUBLISHER: The Business Research Company | PRODUCT CODE: 1429808
PUBLISHER: The Business Research Company | PRODUCT CODE: 1429808
Fresh meat packaging plays a crucial role in extending shelf life, facilitating efficient transport, and enhancing storage for meat products. It ensures the fresh and timely distribution of meat, contributing to overall product quality.
The main types of packaging formats used in the fresh meat packaging market include modified atmosphere packaging (MAP), vacuum skin packaging (VSP), vacuum thermoformed packaging (VTP), multi-layer shrinkable packaging, and others. Modified atmosphere packaging involves creating a gaseous atmosphere around the food product at a level conducive to food preservation. Various materials are utilized to manufacture these packages, such as polyethylene (PE), polyvinyl chloride (PVC), biaxially oriented polypropylene (BOPP), polyamide (PA), ethylene vinyl alcohol (EVOH), polypropylene (PP), among others. These materials are employed to pack a variety of meats, including beef, pork, poultry, mutton, seafood, and others.
The fresh meat packaging market research report is one of a series of new reports from The Business Research Company that provides fresh meat packaging market statistics, including fresh meat packaging industry global market size, regional shares, competitors with a fresh meat packaging market share, detailed fresh meat packaging market segments, market trends and opportunities, and any further data you may need to thrive in the fresh meat packaging industry. This fresh meat packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The fresh meat packaging market size has grown strongly in recent years. It will grow from $2.88 billion in 2023 to $3.09 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The expansion observed in the historical period can be attributed to increasing investments in new plants, the growing popularity of seafood, a rising preference for biodegradable and reusable packaging, and increased disposable income.
The fresh meat packaging market size is expected to see strong growth in the next few years. It will grow to $3.96 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The anticipated growth in the forecast period can be attributed to the increasing consumption of meat, rising government investments, and a rise in the global population. Key trends expected in the forecast period encompass a focus on launching sustainable packaging, emphasis on smart packaging, utilization of prevented ocean plastic, and engaging in partnerships to enhance product offerings and maintain competitiveness in the market.
The growth of the fresh meat packaging market is attributed to the increased consumption of meat, which emphasizes the importance of packaging to enhance health benefits and reduce the risk of microbial contamination. For instance, Redefine Meat Ltd., an Israel-based food company, highlighted that global meat consumption reached 340 metric tons in 2020 and is anticipated to surpass 460-570 metric tons by 2025. The annual global meat consumption is projected to rise by 44% by 2030, reaching approximately 350 million tons. This surge in meat consumption is a key driver fueling the expansion of the fresh meat packaging market.
Government investments play a pivotal role in propelling the fresh meat packaging market forward. Various countries are actively investing in the growth of fresh meat packaging to meet evolving demands. In January 2022, the US government announced a substantial investment of $1 billion in new and expanded meat and poultry processing, funded through the American Rescue Plan. Similarly, the Saudi Arabian government unveiled plans to invest $5 billion, aiming for self-sufficiency in the poultry meat sector by allocating $4.5 billion until 2025. This investment will enable the production of approximately 1.3 million tons of broiler chickens annually, fostering demand for fresh meat packaging.
The fresh meat packaging industry is experiencing a shift towards interactive and smart packaging solutions to enhance customer satisfaction. Smart packaging technologies, including barcodes, RFID devices, QR codes, and NFC, are employed to improve shelf life, monitor freshness, ensure quality, and enhance safety and convenience. Foster Farms, a prominent poultry firm, introduced the DORI package, incorporating QR codes to provide consumers with access to over 500 fresh chicken recipes and a guide to poultry labeling terminology.
Sustainable packaging practices are gaining traction in the fresh meat packaging market as companies prioritize eco-friendly materials and recycled packaging options. Consumer preferences for sustainable packaging made from recycled materials have led companies to introduce innovative solutions. Nandu's, an India-based omnichannel meat brand, launched eco-friendly packaging for home delivery orders, featuring non-plastic virgin food-grade material for primary packaging and a blend of recycled and virgin paper material for secondary packaging. This commitment to sustainability aligns with consumer values and reduces environmental impact.
In November 2021, Preval AG, a Canada-based agriculture and food company, acquired J&G Foods for $525 million. This acquisition enhances Preval's fresh meat product portfolio, expands packaging solutions capabilities for various meat products, and broadens its product offerings in North America. J&G Foods, a US-based specialty case-ready fresh meat company, specializes in quality organic and grass-fed beef, natural pork and beef, and organic and natural poultry packaging, further strengthening Preval's position in the market.
Major companies operating in the fresh meat packaging market report are Sealed Air Corp, Amcor PLC, The Smurfit Kappa Group PLC, Berry Global Inc., Sonoco Products Company, Crown Holdings, Cascades Inc., Winpak Ltd., Mondi PLC, Bollore Group, Alhamd Exports, WH Group Limited, Farm Suzanne Pvt Ltd., Mirha Exports Pvt. Ltd., Al Aali Exports Pvt. Ltd., Razee Impex, Oakdale Meat Co, Yunnan Shennong Meat Food Co Ltd., Zoneco Group, Dalian Hanwei Enterprise Group, Charoen Pokphand Group, SP Group, Ajamco Group, Toppan, ArtPlast Polska Sp. z o.o, Siba International, Doyoo Group, LINPAC Packaging SEALPAC UK & Partners, Multivac UK, PACCOR Packaging GmbH, SIG Combibloc Group, CoCopac Limited, Frigorco Pampeano, Solidus Solutions, ULMA Packaging, Supervac Maschinenbau GmbH, Krehalon, BRF S. A, Noelma, Zeus Petruzalek, Coveris Holdings S.A, La Cooperativa Trento Chaquena, IGC Engineering Ltd., Compania Avicola, Atlantis-Pak, LAICOM S.R.L, JBS Foods, Schoeller Allibert AB, Valley Meats, Foster Farms, Conagra Brands Inc., Tyson Fresh Meats Inc., Smithfield Foods Inc., Bemis Company Inc., Berry Plastic Group Inc., National Beef Packing Co LLC, Cargill Inc., Diamond Meat Processing LLC, Ponapack, Qatar Meat Production Company LLC, Amber Packaging Industries LLC, Al Bayader International, Egyptian Meat Processing Co, Kenya Meat Processors Ltd., Quality Meat Packers, Nile union meat company, Gilgal Meat Mart Limited, Irvin & Johnson Ltd., Rainbow Farms Pty Ltd., Astral Foods Ltd., Coveris Rigid Turkey Ambalaj A. S
North America was the largest region in the fresh meat packaging market in 2023. The regions covered in the fresh meat packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the fresh meat packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The fresh meat packaging market consists of sales of modified atmosphere packaging, vacuum skin packaging, vacuum thermoformed packaging, and other fresh meat packaging used to preserve fresh meat and forms of fresh meat products. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Fresh Meat Packaging Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fresh meat packaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fresh meat packaging? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fresh meat packaging market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.