There is a growing trend towards sustainable materials, with a shift towards recyclable and biodegradable options in response to environmental concerns. The rise of online grocery shopping and the increasing preference for ready-to-eat meat products also contribute to market expansion. North America and Europe are key markets, while Asia-Pacific is emerging as a significant growth region due to rising meat consumption.
The global meat packaging market is set to achieve a valuation of USD 7.4 billion in 2023, with projections indicating a steady CAGR of 5.2% throughout the assessment period from 2023 to 2033. By the end of 2033, overall meat packaging sales are anticipated to surpass USD 12.3 billion, driven by a variety of factors contributing to the industry’s expansion.
Key Takeaways:
- By material, the 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 USD 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.
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 the reuse and recyclability of plastics are being formed by governments worldwide. The administration of these regulations for improving sustainability is expected to propel the demand for flexible packaging in the future. This will eventually boost the 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)