Global fresh meat packaging market was valued at US$ 1.86 billion in 2016, according to Global Fresh Meat Packaging Market Report, by Material (Biaxially Oriented Polypropylene (BOPP), Polyethylene (PE), Polypropylene (PP), Ethylene Vinyl Alchohol (EVOH), and others), by Meat Type (Pork, Beef, Poultry, and Seafood), by Technology (Modified Atmosphere Packaging, Vacuum Thermoformed Packaging, and Vacuum Skin Packaging) published by Coherent Market Insights. The global fresh meat packaging market is expected to register a CAGR of 3.38% over the forecast period (2017-2025), reaching US$ 2.46 billion by 2025.
Major factors propelling growth of the global fresh meat packaging market include growing demand for case ready packaging for fresh meat products, increasing worldwide urbanization, and innovation in fresh meat packaging technology for instance, multi-cavity packs, pre-perforated portion packs, standard retail packs, rapid air forming and others. Demand for convenience food has increased due to the busy lifestyle, in turn, fueling demand for easy to carry and flexible packaging. Vendors are increasing investment in R&D activities to develop sustainable and easy to use packaging designs, to offer portability and convenience. This coupled with the growing retail industry is driving growth of the global fresh meat packaging market.
High costs associated with packaging and processing of fresh meat, which aim to meet high quality standards, hinders growth of the market. Plastic packaging is relatively cheaper than other packaging, however, negative environmental repercussions associated with its recyclability and toxicity pose as restraints for growth of the fresh meat packaging market.
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Browse 150 market data tables* and 90 figures* on "Fresh Meat Packaging Market” - Global forecast to 2025.
Key Trends and Analysis of the Global Fresh Meat Packaging Market:
Among materials, polyethylene (PE) segment held a dominant position in the global fresh meat packaging market in 2016. The segment is expected to sustain its dominance throughout the forecast period, owing to the property of lowest softening point of the material, which results in lower processing energy cost.
Key Takeaways of the Market:
Major players operating in the market of fresh meat packaging market include Crown Holdings, Berry Plastics Corporation, Tetra Pak International S.A., Packaging Corporation of America, Bemis Company, Inc., E.I. du Pont de Nemours & Co, Sealed Air Corporation, Nuconic Packaging LLC., Toyo Seikan Group Holdings Ltd., Amcor Limited, Coveris Holdings S. A, Bollore Group, and Silgan Holdings, Inc.
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