Market Trends of Meat, Poultry & Seafood Packaging Industry
This section covers the major market trends shaping the Meat, Poultry & Seafood Packaging Market according to our research experts:
Flexible Packaging to Witness Growth
- Due to factors like the rising consumption of animal products, the market for flexible packaging solutions is predicted to have exponential growth throughout the forecast period.
- Factors such as the increasing world population, rising incomes, and urbanization are strongly and positively related to the consumption of animal products. The World Health Organization (WHO) estimates that meat consumption may increase to 376 million metric tons by 2030, from 218 million metric tons during 1997-1999.
- The growing availability of beef and pork products in large and reliable retail chains across international borders is also strengthening the market. The need for thermoformed high-barrier films and retort packaging is increasing as consumers seek products with longer shelf-lives.
- Ready-made meals have grown in popularity among consumers as they prefer products that include fish, meat, and vegetables and are typically retort-packed to make them shelf-stable. The rising trend of internet shopping has further boosted their confidence.
- While stand-up pouches will continue to displace bags in frozen applications due to their attractive looks, ability to stand upright, and wide front panels, all of which provide merchandising advantages, vacuum pouches in single-part fresh, frozen, and processed usage have potential for growth.
- However, the use of flexible packaging increased due to their several benefits, such as live on-site butchering, improved sanitation, tracking, and recall, as well as prolonged shelf life.
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Asia-Pacific Holds the Largest Market Share
- The Asia-Pacific region holds the largest market share, primarily due to the emerging population of India and China. Due to the growing applications of rigid packaging and flexible packaging in the meat, poultry, and seafood packaging industries, the market is expected to grow.
- The region's rising per capita income, rising health consciousness, and shifting lifestyle trends are the main factors behind the expansion of the meat, poultry, and seafood packaging industry. The area boasts an abundance of raw materials for producing thermoforming, plastic, and aluminium packaging.
- Country-wise (China and India), emerging economies to promote import and export have been significant contributors to the global market. Increasing demand for disposable packaging has led to an upward trend in the market. The market in Asia-Pacific is expected to boost during the forecast period.
- The growing competition and packaging standards set by the government for labeling quality, quantity, and price, coupled with the demand for easy and convenient packaging, have been instrumental in driving the adoption of meat, poultry, and seafood packaging.
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