Meat Packaging Market Size, Share Global Analysis Report, 2024 – 2032

Industry Insights

[225+ Pages Report] According to Facts & Factors, the global meat packaging market size was valued at USD 7.50 billion in 2023 and is predicted to surpass USD 11.94 billion by the end of 2032. The meat packaging industry is expected to grow by a CAGR of 5.30% between 2024 and 2032.

Market Overview

Meat packaging is important for maintaining the shelf life, quality, and safety of meat products in the market. It utilizes different formats, technologies, and packaging materials to cater to the diverse requirements of different meat products. Various types of packaging materials are used to pack the products, like polyvinyl chloride, polyethylene, and propylene, to offer excellent protection against external conditions like moisture, contaminants, and many others to preserve the freshness of the products for a longer period. Also, advanced technologies like intelligent packaging, active packaging, and tamper-evident packaging are used to offer high protection.

Key Insights

• As per the analysis shared by our research analyst, the global meat packaging market size is estimated to grow annually at a CAGR of around 5.30% over the forecast period (2024-2032).
• In terms of revenue, the global meat packaging market size was valued at around USD 7.50 billion in 2023 and is projected to reach USD 11.94 billion by 2032.
• Rising consumption of meat products is driving the growth of the global meat packaging market.
• Based on the packaging technologies, the modified atmosphere segment is growing at a high rate and is projected to dominate the global market.
• Based on the meat types, the poultry segment is projected to swipe the largest market share.
• Based on product types, the processed meat segment is expected to dominate the global market.
• Based on materials, the polyethylene segment is anticipated to witness high a CAGR during the forecast period.
• Based on region, North America is expected to dominate the global market during the forecast period.To know more about this report | Request Free Sample Copy

Growth Drivers

• Rising consumption of meat products is driving the growth of the global market.

The increasing demand for ready-to-eat meat products is one of the major factors driving the growth of the global meat packaging market. Urbanization and the busy lifestyles of people have significantly increased the demand for processed meat products.

Furthermore, the rise in e-commerce shopping and online retailing channels is expected to boost the growth rate of the market. People are increasing their online shopping because of various factors like convenience, discounts, doorstep delivery, easy return options, and many others. This rise is significantly accentuating the demand for packaging solutions in the market.

Additionally, the packaging solutions are largely being customized for e-commerce platforms. Vendors are offering advanced features like tamper-evident packaging to ensure product integrity during transit and delivery. Therefore, these factors are expected to significantly boost the growth of the global market in the coming years. For instance, Winpak Ltd said to expand its profile of recycling packaging solutions in 2022. The idea is to unveil its Ultra-Pure Recycled Polypropylene and broaden its operations.

Restraints

• Cost pressure is expected to hamper the growth of the global market.

Meat packaging involves advanced technologies and materials that require huge investments and, therefore, is expected to restrain the growth of the global meat packaging market. Moreover, the fluctuations in raw material prices and supply chain disruption are some of the other obstructions expected to slow down the growth trajectory of the industry. Also, the market saturation is anticipated to negatively impact the growth trajectory. There is intense competition in the market which is leading to price pressure and limiting growth opportunities for product differentiation.

Opportunities

• Globalization of distribution networks is expected to foster growth opportunities in the global market.

The globalization of the distribution channels and supply chains led to the rise in the trade activities of meat products. Manufacturers are demanding advanced packaging solutions that can extend the shelf life of the products, thereby ensuring product freshness and integrity, which in turn is likely to positively impact the growth of the industry.

Innovations and product differentiation are other major factors expected to encourage the growth of the global market. Intense competition between the manufacturers is demanding innovative packaging and designs to improve branding and functionality, which is also expected to foster growth opportunities in the industry. For instance, Mondi came up with unique packaging solutions for cold meats and cheese in September 2020. The packaging is likely to lower plastic usage as it is 80% paper-based.

Challenges

• Supply chain disruptions are a big challenge in the global market.

Complexity in the supply chain, particularly in the meeting industry, is a big challenge in the meat packaging industry. Logical challenges like managing multiple stakeholders, from retailers to producers, are a big task. Furthermore, ensuring timely delivery of these products across the globe is challenging. Therefore, such a landscape is expected to emerge as a big challenge in the industry.

Segmentation Analysis

The global meat packaging market can be segmented into packaging technologies, meat types, product types, materials, and regions.

By Packaging Technologies Insights

On the basis of packaging technologies, the market can be segmented into vacuum thermoformed, vacuum skin, modified atmosphere, and others. Modified atmosphere packaging is the fastest-growing segment in the meat packaging industry. Modified atmosphere packaging alters the atmosphere of the content inside the packaging to delay the deterioration process of the meat product, which in turn increases the shelf life of the product while preserving its freshness. This method is quite popular for preserving different foods like seafood, poultry, and meat.

ne of the major reasons behind the high growth rate of the segment is the fact that this process lowers food waste. Extend the shelf life of products across the supply chain. This technology helps in reducing waste, thereby helping companies align with sustainability goals and lowering the environmental impact of food waste.

By Meat Types Insights

On the basis of meat types, the market can be segmented into seafood, poultry, pork, beef, and others. Poultry segment accounts for the largest share of the global market. Poultry products are viewed as a healthier protein option when compared to other products like pork and beef. Also, it contains low cholesterol and saturated fats, and therefore, these are becoming more popular among people.

Additionally, poultry meals are versatile in nature and can be utilized in different culinary applications, from chicken nuggets to other processed products like deli meat. Apart from being highly versatile, these products are more affordable, thereby making them accessible to a larger group of people across different socioeconomic segments. These products are more convenient and quicker to make.

By Product Types Insights

On the basis of product types, the market can be segmented into frozen meat, processed meat, and fresh meat. The processed meat segment is likely to dominate the meat packaging industry during the forecast period. The processed meat segment offers convenience to people. Products like sausages help people cook faster as they are pre-cooked and largely align with people with busy lifestyles. However, people's hectic life schedules are driving more demand for processed meat products in the market than other available options.

Additionally, these products offer longer shelf life as they are manufactured with preservation techniques to ensure their freshness. Also, process meets products come in a large variety of forms and flavors, which cater to the changing preferences of people. Therefore, all these factors are expected to post growth opportunities in the segment in the coming years.

By Materials Insights

On the basis of materials, the market can be segmented into polyamide, polyethylene, polyvinyl chloride, polypropylene, polyethylene, and others. Polyethylene is the most lucrative segment in the meat packaging industry. Polythene is a versatile material that helps companies meet different packaging requirements by end users. These offer extended durability, flexibility, and other properties and, therefore, are largely in demand in the market.

Also, it can easily be used in different packaging formats. They were making it ideal for diverse meat products and packaging applications. Polythene is cost-effective in nature, making it an ideal choice for meat packaging applications. Additionally, its ceiling performance is way better than other options. These can be easily heat-sealed, thereby offering secure closure.

Report Scope

Regional Analysis

• North America to dominate the global market

North America accounts for the largest share of the global meat packaging market during the forecast period. Emerging consumer trends are one of the major factors positively impacting the growth trajectory of the regional market. Consumers in the region are looking forward to prepackaged food that offers convenience of preparation.

Furthermore, there is a high need for convenient and value-added products because people have less time for cooking and household things. Also, the ongoing innovation in packaging formats to meet the emerging requirements of people, like ocean control packaging, is also likely to foster growth in the regional market in the coming years.

Also, the sustainability issue among people is driving them towards smart packaging choices that are eco-friendly and have a lower negative impact on the environment. Therefore, such a landscape is expected to positively impact the growth trajectory of the regional market.

Europe is also expected to witness heavy growth in the coming years because of various factors like sustainability initiatives, consumer preferences, and many others. However, the regulatory standards in Europe. One of the major factors propelling the growth of the industry. The government is implementing a number of strict regulations to ensure hygiene, food safety, and environmental sustainability.

Also, the technological advancements in the region are further widening the scope of the regional market. The regional landscape in Europe is revolutionizing the market. The market is witnessing a significant shift to online and convenience shopping.

Therefore, the demand for packaging solutions in the region is expected to rise. For instance, Amcor collaborated with Moda Vacuum Packaging in 2020 to work on Amcor’s shrink bag. They partnered to focus particularly on North America and Latin America.

Competitive Analysis

The key players in the global meat packaging market include:

• ESTIKO Packaging Solutions
• Foster International Packaging
• Hip Shing Poly-Bag Industrial Limited
• International Paper Company
• Smurfit Kappa Group Plc
• Aintree Plastics
• Specialty Polyfilms
• Kendall Packaging Corporation
• ULMA Packaging
• Sonoco Products Company
• Constantia Flexibles Group GmbH
• Sealed Air Corporation

For instance, Sealed Air launched a chlorine free vacuum shrink bag in 2020. It is expected to enhance food safety and promote sustainability, which is likely to benefit food processors and retailers.

The global meat packaging market is segmented as follows:

By Packaging Technologies Segment Analysis

• Vacuum Thermoformed
• Vacuum Skin
• Modified Atmosphere
• Others

By Meat Types Segment Analysis

• Seafood
• Poultry
• Pork
• Beef
• Others

By Product Types Segment Analysis

• Frozen Meat
• Processed Meat
• Fresh Meat

By Materials Segment Analysis

• Polyamide
• Poluethylene
• Polyvinyl Chloride
• Polypropylene
• Polyethylene
• Others

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America