The Global Fresh Meat Packaging Market Size is expected to reach around US$ 3 bn by 2026 and projected to expand at a CAGR of 4.5% during the forecast period 2020 to 2026.
Meat, being a perishable product, gets easily damaged when left uncovered and unprocessed in ambient temperature. As cured meats degrade in the presence of oxygen, it is important to adopt a packaging system to offer consumers with healthy and safe food. The need for sustainable packaging that can hinder microbial growth and prevent contamination leads to the introduction of fresh meat packaging. Fresh meat packaging extends the shelf life of fresh meat, keeping it fresh for a long duration. Innovations in the preservation process by manufacturers continue to search for a packaging solution that can extend the shelf-life of meat products as well as be safe and eco-friendly.
Asia Pacific Excluding Japan (APEJ) to Witness Growth Opportunities for Fresh Meat Packaging Manufacturers
Asia Pacific excluding Japan, in terms of fresh meat packaging, covers more than 20% of the global fresh meat packaging market, and is anticipated to maintain its prominence over the forecast period. India & China are the most attractive markets for the extensive growth of the fresh meat packaging market. The markets in China and India, collectively accounted for 60% of the APEJ fresh meat packaging market in 2018. Increased consumer convenience is the major trend for fresh meat packaging in the Asia Pacific region. A packaging that can avert the spoiling of fresh meat for a longer duration, providing safety to consumer, drives the fresh meat packaging market.
North America dominates the global fresh meat packaging market with an expected market share of 30% over the forecast period. Western Europe is expected to have a decent share of 18% in 2019. The U.S. represents 90% of the fresh meat packaging market in North America, while Canada is estimated to expand at an impressive CAGR of 4.5% during the forecast period.
In spite of being a matured market, Western Europe is expected to represent an incremental opportunity of US$ 110 Mn by 2027. The Western Europe region holds one-sixth of the global fresh meat packaging market share. However, it is expected to experience less growth as compared to the market in APEJ over the forecast period.
The Fresh Meat Packaging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Fresh Meat Packaging market for the base year 2019 and the forecast between 2020 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Fresh Meat Packaging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Fresh Meat Packaging market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Fresh Meat Packaging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Fresh Meat Packaging market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Fresh Meat Packaging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Fresh Meat Packaging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Fresh Meat Packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Fresh Meat Packaging market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Fresh Meat Packaging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Fresh Meat Packaging market. These factors have benefited the growth of the global market for Fresh Meat Packaging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Fresh Meat Packaging. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In the global market report on fresh meat packaging, a detailed competition landscape is discussed. Some of the key players in the global fresh meat packaging market that are included in the report are Amcor plc, Berry Global Inc., Winpak Ltd., Sealed Air Corp., Coveris Holdings S.A., Bolloré Group, Mondi Group, Tetra Pak International S.A., Cascades Inc., Smurfit Kappa Group plc, Amerplast Ltd., and Faerch Plast A/S. As per TMR analysis, Amcor plc, Winpak Ltd., Sealed Air Corp, and Berry Global Inc. are the market leaders, with a combined market share of 15-20% of the global fresh meat packaging market.
Fresh Meat Packaging Market by Material
Fresh Meat Packaging Market by Technology
Fresh Meat Packaging Market by Meat
Fresh Meat Packaging Market by Region
In this study, the years considered to estimate the market size of Fresh Meat Packaging are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are: