Research Reports
North America Fresh Meat Packaging Market Will Escalate Rapidly in the Near Future
Home > Research Reports > North America Fresh Meat Packaging Market Will Escalate Rapidly in the Near Future
Global Banking & Finance Review®
Company
The North America fresh meat packaging market is set to grow rapidly, driven by customization and sustainable solutions, despite COVID-19 challenges.
The North America fresh meat packaging market is expected to grow at 3.1% CAGR surpassing the market valuation of US$ 788 million in 2021. The growth can be attributed to availability of customization in clear meat packaging and high demand for convenient packaging solutions among urban population.
Get Sample Copy: https://www.futuremarketinsights.com/reports/sample/rep-gb-1517
Competition in the North America market for fresh meat packaging is expected soar. FMI however forecasts Berry Global Group Inc., Amcor Plc, Sealed Air Corp., Bolloré Group, and Winpak Ltd. to remain dominant, accounting for nearly 15% to 20% of overall sales registered in 2021.
Market players are looking towards integrating recycled material in fresh meat packaging to replace the packaging solutions containing polystyrene foam tray and plastic film.
Growing consumer awareness and concern for non-biodegradable plastic has pushed market payers towards producing bio-plastics and molded fiber materials in compliance with performance requirements and standards set in packaging to keep the meat fresh for consumption.
Increasing consumption of animal meat especially poultry, pork, and beef in U.S. and Canada will boost the demand for fresh meat packaging solutions during the forecast period. Rapid urbanization and improved standard of living are the key factors directly influencing the consumption of animal products in these countries.
More than 354 million chickens were slaughtered in federally inspected slaughter houses in 2021 in Canada, according to Agriculture and Agri-Food Canada, Animal Industry Division.
Increasing slaughtering activities and establishment of retail chains and supermarkets has made animal meat readily available across North America. Rising demand for sustainable packaging which keeps meat fresh and offers stable shelf life has accelerated the sales of high barrier fresh meat packaging products.
COVID-19 pandemic hindered the fresh meat packaging production due to lack of raw material used in manufacturing and disruption of supply chain. As majority of raw materials are imported, lockdown and closure of trading routes slowed the production rate.
Market is expected to bounce back post pandemic. Investment in research and development of environment friendly packaging solution will boost the market growth.
“Rising popularity of fresh processed meat products like hot dogs and rapid expansion of quick service restaurant chains and fast food joints like McDonalds will boost the demand for fresh meat packaging in North America,” says the FMI analyst.
Future Market Insights in its latest market analysis discusses about the key trends shaping the fresh meat packaging market and highlights the strategies employed by market players to strengthen their market position.
Market players are emphasizing on expanding their product portfolio to reach wider customer base. They are also inclined towards forming alliance and strategic merger and acquisition with other players.
For instance, in April 2021, Coveris Holdings S.A. completed the acquisition of a profitable and stable business Initial Packaging Ltd which specialized in the production of specialty bags to focus on converted high end packaging solutions
Explore FMI’s Extensive Coverage on Packaging Domain
Kegs Market : Kegs Market by Capacity (Upto 20 Litres, 21 to 40 Litres, 41 to 60 Litres, Above 60 Litres), Material (Plastic, Tin, Stainless Steel), End Use (Alcoholic Beverages (Beer, Wine, Spirits, Cider), Non-Alcoholic Beverages (Soft-Drinks, RTD Beverages, Juices), Cooking Oil, Chemicals) & Region- Forecast to 2022-2028
Flatback Tapes Market : Flatback Tapes Market by Adhesive (Acrylic, Silicon, Rubber, and Others), Product (Single Side, and Double Side), Application (Splicing, Packaging, Masking, and Tabbing), Thickness (< 10 Mil, 10 Mil to 15 Mil, and > 15 Mil) & Region – Forecast to 2022 – 2027
Palletizers Market : Palletizers Market by Machine Type (Conventional Palletizers, Robotic Palletizers), Product Type (Cases & Boxes, Bags & Sacks, Pails & Drums, Trays & Crates, Bundles), End-user Industry (Food, Beverage, Pharmaceutical, Chemical, Building & Construction) & Region – Forecast to 2022-2028
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: mailto:sales@futuremarketinsights.com
For Media Enquiries: mailto:press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
The article discusses the growth of the North America fresh meat packaging market, focusing on customization and sustainable solutions.
Customization in packaging and demand for sustainable solutions are key drivers of market growth.
COVID-19 disrupted production due to raw material shortages and supply chain issues, but the market is expected to recover.
Explore more articles in the Research Reports category
