Meat Packaging Market Size (2024 - 2029)

Meat Packaging Market Analysis

The Meat Packaging Market size is estimated at USD 11.78 billion in 2024, and is expected to reach USD 13.87 billion by 2029, growing at a CAGR of 3.32% during the forecast period (2024-2029).

The meat packaging market is expected to reach a CAGR of 4.37% over the forecast period. With the growing demand for meat products, the need for quality and attractive meat packaging is rising. Packaging can help maintain the quality of meat and delay the onset of spoilage by controlling the factors contributing to it.

• Like many other industry areas, meat packaging innovation has been under high pressure to achieve hygiene and quality control while reducing emissions and material use. These demands are further compounded by rising raw material prices, cost inflation, and supply chain issues that have cascaded over the past three years.
• One of the crucial factors in meat packaging is the type of meat being packaged. Large pork and beef packing plants use vacuum packaging to preserve meat. Vacuum packaging removes oxygen within the package, which helps to maintain the meat within the packaging. Grocery stores mostly use stretchable plastic meat film and a bottom foam tray.
• According to the OECD and FAO, the per capita meat consumption worldwide is projected to increase to 34.9 kilograms by 2024. There is a strong demand for products like packaged meat, mainly because most consumers worldwide prefer the convenience of ready-to-serve foods. For instance, according to the US Department of Agriculture and Economic Research Service, the most consumed type of meat in the United States was broiler chicken, at about 91 pounds per capita. This is expected to increase to 94.3 pounds per capita by 2028.
• During COVID-19, active packaging manufacturers were flooded with challenges like supply chain disruptions, lack of availability of raw materials used in the manufacturing process, labor shortages, fluctuating prices, etc. In addition, international trade disputes, economic inflation, raw material shortages, and the Russo-Ukraine war have steadily raised higher and higher hurdles for packaging producers as they strive to achieve ambitious circular economy targets. The Russo-Ukraine war further resulted in economic sanctions against several countries, a jump in commodity prices, and supply chain disruptions that have impacted many markets worldwide.

Meat Packaging Industry Segmentation

Packaging plays a vital role in preserving the term and extent of the shelf life of meat. The meat can be compromised without packaging as it is contaminated by direct contact with chemical, physical, and biological contaminants. The study tracks the demand for the market through the revenue accrued by the value of the consumption of different types of packaging solutions used for meat packaging.

The market is segmented by material type (plastic and metal), type of meat (fresh and frozen, processed, and ready-to-eat), and geography. The scope of this study is currently focused on the key regions, such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.