Bizizz Market Research has recently published a research report, “Fresh Meat Packaging Market By packaging Type (Modified Atmosphere Packaging, Vacuum Thermoformed and Vacuum Skin Packaging), Meat type (Beef, Poultry/Mutton, Pork and Sea foods), Materials type (Polyethylene (PE) Biaxially Oriented Polypropylene Films (BOPP) Evolutionary Operation (EVOP) Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Fresh Meat Packaging Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 3.3 Bn by 2027, witnessing a CAGR of 2.7 % during the forecast period. Key drivers of the market are being empirically being adopted by the fresh meat offerings that could also increase its shelf life period of food products.
The global market of fresh meat packaging is led by the fresh meat market; by an increasing the intake of fresh meat products including beef and pork is anticipated to stimulate the growth. The growths of fresh meat is higher and are having shorter shelf life period including efficient packaging solution offers a significant amount of oxygen to maintain its quality. Considerable packaging is essential for maintaining its hygiene and freshness of the product. Both such factors are anticipated to drive the market demand of fresh meat packaging during the forecast period.
The Fresh Meat Packaging market is anticipated to register a CAGR of over 2.7% during the forecast period.
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By meat, Poultry segment held a prominent share in Global Fresh Meat Packaging Market in 2018.
The fresh meat packaging is evident especially in the fresh meat packaging market that is being led by poultry/mutton segment that requires efficient refrigeration techniques that have supported in extending the shelf life period of chicken/mutton meat. Moreover, presence of thermoforming, stretch film packing, case-ready, and horizontal flow pack meat packaging from others to sustain quality of chicken/mutton is projected to further propel the growth of this segment in fresh meat packaging market.
Raising awareness about the advantages in consuming chicken/mutton as a prominent source of protein is anticipated to drive the growth of this segment. Increasing awareness in context to the diseases with raw and fresh pork is anticipated to drive the consumption of chicken/mutton in the U.S.. This factor can be a boost to the overall growth of the beef segment during the forecast period.
North America is anticipated to dominate the Global Fresh Meat Packaging Market during the Forecast Period.
The North America region, exponential growth of the fresh meat packaging market is significantly propelling the shelf life period of meat products and meat, along with the customized demand from the meat producers. Contributing factors determining the market growth of major players are concentrating on enhancing their product portfolio and increasing their consumer base by taking strategic acquisitions and mergers practices. Moreover, North America Region is highly focused on optimization of package capacities to offer cost-effective and environmental-friendly solutions to meat producers, co-packers and retailers.
Global Fresh Meat Packaging market was moderately consolidated with key players accounting for significant share in 2018. The manufacturers are offering innovative offerings that shall propel its market growth.
Prominent players operating in the Global Fresh Meat Packaging Market are: Reynolds Group, Crown Holdings, Coveris Holdings S.A., Bemis Co. Inc., Amcor Ltd., Berry Plastic Group, Winpak Ltd., Sealed Air Corp., DuPont and Sealpac International BV, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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