The meat packaging films market is projected to reach US$ 7 Bn by 2031, and would grow by more than 5% CAGR, during the assessment period 2021-2031. Packaging films is a thin plastic layer used to pack various food products such as dry foods, liquid & semi-solid food, meat, cheese, snack items, biscuits, dairy products, and other bakery items.
Meat packaging film protects meat from loss of nutrients, color, aroma, taste, and maintains the functional properties of meat.
Meat Packaging Films are made up of materials such as polyethylene, polypropylene, polyethylene terephthalate, polyvinylchloride, polyamide, and ethylene vinyl alcohol. The market will show study growth in coming years, owing to increasing preference for packaged meat in emerging economies.
Moreover, adoption of alternative packaging technique for fresh meat packaging using bio-based materials is expected to drive the future growth of the meat packaging films market.
Adoption of alternative packaging technique for fresh meat packaging using bio-based materials is expected to propel the growth of meat packaging films market. Rising demand for sustainable packaging food solution drives the demand for meat packaging films.
Adoption of technologies such as compression molding technique, PLA (Polylactic Acid) composite which helps to manufacture sustainable packaging films by manufactures drives the demand of meat packaging films.
In recent years, majority of the manufactures starts using bio-based materials bio-plastics, Molded Fibers Offer Compostable, Biodegradable material for meat packaging films owing to shifting demand of application in bio-based materials over toxic plastic packaging technique.
Also rising environmental concerns and stringent government regulations about uses of sustainable product over plastic products propels the demand for meat packaging films market. The technology such as MAP, VAP, and vacuum enables co-packers, retailers, and meat producers to extend the shelf life of fresh meat products. Thus growing demand for shelf life of fresh meat augments the adoption of meat packaging films market.
U.S. is anticipated to constitute a highest growth in the meat packaging films market during the forecast period. U.S. has over 85% of the North America meat packaging market in forecasted period. Rising demand of the packaged meat in U.S. region propels the growth of meat packaging films market.
As per the North American meat institute, meat and poultry industry is the largest segment of U.S. agriculture. U.S. meat production totaled 52 billion pounds in 2017 and U.S. poultry production totaled 48 billion pounds in 2017. Such growing demand of meat in U.S. region propels the growth of the meat packaging market.
Also U.S. has presence of key suppliers of pharmaceutical products including
Thus presence of such top key player drives the demand meat packaging films market in U.S. region.
Europe is the second largest contributor to meat packaging films market after U.S., owing to meat manufacturers are steadily spending to expand their operations in the top European countries such as France, Germany, Italy, France, and U.K.
Increasing demand for fresh and healthy packaged food in developed nations such as Germany, Italy, and United Kingdom has helped the growth of meat packaging films market.
Meat packaging in Germany automates line with a high demand for quality and safety and sales more than 16% over forecasted period. The stringent government regulations about food and packaging industry in countries like France, Germany, Italy, United Kingdom, Spain has been one of the major driving factor for the growth of the meat packaging films market.
Some of the leading vendors and companies of meat packaging films market include
These vendors have adopted various key strategies, to increase their customer base locally and globally. They are also spending millions of dollars into product R&D to fulfill the unmet needs of their customers for meat packaging films market.
Furthermore, many companies are focusing on acquiring small and mid-sized organizations present in this market.
For instance, In January 2017, Berry Plastics Group Inc. acquired AEP Industries Inc. This acquisition helps company to expand product offerings and production capacity within its engineered materials division. AEP brands itself as a single source for polyethylene films and provider of packaging services to industrial, food and beverage, agricultural and other sectors.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Meat Packaging Films Market
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