Market Size of Meat, Poultry & Seafood Packaging Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.30 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Meat, Poultry & Seafood Packaging Market Analysis
The meat, poultry & seafood packaging market is projected to register a CAGR of 4.30% over the forecast period. The growing population is expected to increase the demand for food items, which may, in turn, act as a driver for the meat, poultry & seafood packaging industry during the forecast period.
- The increased need for disposable packaging in the offices and retail sector and the rising investment in the packaging industry by manufacturers and retailers are boosting the meat, poultry & seafood packaging industry.
- Consumer interaction with meat, poultry, and seafood packaging is changing with an increasing focus on sustainability and rigid and flexible packaging solutions, which are being improved daily with new innovative packaging solutions.
- The increasing demand for consumer-friendly packages and enhanced product protection have propelled meat, poultry, and seafood packaging as a viable and cost-effective alternative.
- The rising GDP and population may accelerate market expansion. In addition, the consumer-friendly storage and resealability conditions are contributing to the market's development worldwide.
- However, the risk of contamination of the packaging material may hinder the market's growth. Sometimes, toxic flame retardants, which are made from styrene and benzene, contaminate the food material due to poor packaging or mishandling.
- The threat of bird flu during COVID-19 reduced meat and poultry consumption worldwide. Thus, the market for packaging meat, poultry, and seafood was negatively impacted during the pandemic. Many individuals were forced to reconsider eating meat and going to restaurants due to the threat of virus and bird flu.
Meat, Poultry & Seafood Packaging Industry Segmentation
Packaging plays an important role in preserving the meat and extending its shelf-life. The meat can be compromised without packaging as it is contaminated by direct contact with chemical, physical, and biological contaminants.
The meat, poultry & seafood packaging market is segmented by packaging type (flexible and rigid), product type (containers (aluminum foil container, plastic container, and board container), pre-made bags, food cans, coated films, and other product types), material type (polypropylene (PP), polystyrene (PS), polyester (PET) thermoform, and aluminum), application (fresh and frozen products, processed products, and ready-to-eat products), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa).
The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
Packaging Type | |
Rigid Packaging | |
Flexible Packaging |
Product Type | |||||
| |||||
Pre-made Bags | |||||
Food Cans | |||||
Coated Films | |||||
Other Product Types |
Material Type | |
Polypropylene (PP) | |
Polystrene (PS) | |
Polyester (PET) | |
Thermoform | |
Aluminium | |
Other Material Types |
Application | |
Fresh and Frozen Products | |
Processed Products | |
Read-to-eat Products |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle East and Africa |
Meat, Poultry & Seafood Packaging Market Size Summary
The meat, poultry, and seafood packaging market is experiencing a positive growth trajectory, driven by increasing global demand for food products due to population growth and rising incomes. The industry is benefiting from the heightened need for both rigid and flexible packaging solutions, which are being continuously innovated to meet consumer preferences for sustainability and enhanced product protection. The market's expansion is further supported by the growing popularity of ready-made meals and the trend towards internet shopping, which have increased the demand for packaging that ensures longer shelf life and convenience. However, challenges such as the risk of contamination and the impact of health concerns, like bird flu during the COVID-19 pandemic, have posed temporary setbacks to market growth.
The Asia-Pacific region dominates the market, fueled by the large populations of India and China, along with rising per capita incomes and health consciousness. The region's abundance of raw materials for packaging production and the increasing demand for disposable packaging are key factors driving market expansion. The competitive landscape is characterized by the presence of major players like Berry Global, Mondi Group, and Amcor, who are investing in research and development to create cost-effective and innovative packaging solutions. Recent developments, such as Amcor's acquisition of a flexible packaging plant in the Czech Republic and the opening of a new manufacturing facility in China, highlight the industry's focus on expanding production capabilities to meet growing demand, particularly in the Asia-Pacific region.
Meat, Poultry & Seafood Packaging Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Value Chain / Supply Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Packaging Type
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2.1.1 Rigid Packaging
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2.1.2 Flexible Packaging
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2.2 Product Type
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2.2.1 Containers
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2.2.1.1 Aluminium Foil Container
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2.2.1.2 Plastic Container
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2.2.1.3 Board Container
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2.2.2 Pre-made Bags
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2.2.3 Food Cans
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2.2.4 Coated Films
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2.2.5 Other Product Types
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2.3 Material Type
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2.3.1 Polypropylene (PP)
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2.3.2 Polystrene (PS)
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2.3.3 Polyester (PET)
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2.3.4 Thermoform
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2.3.5 Aluminium
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2.3.6 Other Material Types
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2.4 Application
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2.4.1 Fresh and Frozen Products
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2.4.2 Processed Products
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2.4.3 Read-to-eat Products
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2.5 Geography
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2.5.1 North America
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2.5.2 Europe
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2.5.3 Asia-Pacific
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2.5.4 Latin America
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2.5.5 Middle East and Africa
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Meat, Poultry & Seafood Packaging Market Size FAQs
What is the current Meat, Poultry & Seafood Packaging Market size?
The Meat, Poultry & Seafood Packaging Market is projected to register a CAGR of 4.30% during the forecast period (2024-2029)
Who are the key players in Meat, Poultry & Seafood Packaging Market?
Berry Global, Mondi Group, Sealed Air, Amcor and Sonoco are the major companies operating in the Meat, Poultry & Seafood Packaging Market.