The meat shrink bag market is expected to have a value of USD 990.3 million in 2024. In 2023, the value was tipped to be USD 937.8 million. The market is projected to show moderate growth over the period from 2024 to 2034, with a CAGR of 5.6%. By 2034, the size of the market is predicted to have expanded to USD 1,707.7 million.
Consumption Analysis of the Meat Shrink Bag Market
Attributes | Details |
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Meat Shrink Bag Market Value for 2024 | USD 990.3 million |
Projected Market Value for 2034 | USD 1,707.7million |
Value-based CAGR from 2024 to 2034 | 5.6% |
The size of the meat shrink bag market was tipped to be USD 776.8 million in 2019. The market likely progressed at a modest rate over the historical period from 2019 to 2023, with a CAGR of 4.8%.
The meat shrink bag market continued to expand in the historical period owing to rising meat consumption. However, the pandemic had a negative impact on the industry. As meat processing and packaging plants closed, there was a stoppage in the supply of meat. The reduced amount of meat led to shrinkage in the demand for meat shrink bags. However, the market was on the path of recovery as the historical period came to a close. By 2023, the market value is marked to have reached USD 937.8 million.
Meat Shrink Bag Market Value (2019) | USD 776.8 million |
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Historical CAGR (2019 to 2023) | 4.8% |
Historical Market Valuation (2023) | USD 937.8 million |
Long-term Analysis of the Meat Shrink Bag Market
The meat shrink bag market is expected to be worth USD 990.3 million in 2024. For the period from 2024 to 2034, the progress of the market is expected to be normal, with a CAGR of 5.6%.
The market is expected to progress more rapidly during the forecast period than in the historical period. Increasing meat production around the world is leading to high demand for meat packaging. Meat shrink bags are being increasingly depended upon to store meat securely.
Shrink bags, in general, are finding increasing acceptance as packaging material in various sectors. Thus, the overall adoption of shrink bags is paving the way for the use of the product in meat packaging. By the end of the forecast period in 2034, the market value is expected to reach USD 1,707.7 million.
Top Material | Polyethylene |
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Market Share in 2024 | 70.9% |
Polyethylene dominates the material type segment of the meat shrink bag market. For 2024, polyethylene is expected to hold 70.9% of the market share.
Not only is polyethylene the most produced plastic in the world it is also one of the most popular plastics in packaging. The use of polyethylene in packaging extends to the meat shrink bag market, and the ready availability of the material has seen it become the primary choice of manufacturers.
Top Product Type | Side-sealed Bags |
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Market Share in 2024 | 48.4% |
Side-sealed bags are the most popular type of meat shrink bags. For 2024, side-sealed bags are expected to account for 48.4% of the market share by product type.
Side-sealed bags are easy to manufacture for market players. For consumers, too, side sealed bags are easy to handle and open. Thus, the popularity of side-sealed bags is expected to continue unabated in the market.
Europe is one of the leading regions of the market. Meat finds its place in the food culture in many parts of Europe, and thus, there is unabated meat consumption in the region, helping the market’s growth. North America is not far behind Europe when it comes to the size of the meat shrink bag market.
However, it is the Asia Pacific that is tipped to show the fast growth in the global market. The increasing population of the region is leading to higher demand for meat and in turn, meat shrink bags. Countries like India, China, and Japan are marked for rapid growth in the region.
Countries | CAGR (2024 to 2034) |
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United States | 4.9% |
China | 6.8% |
Japan | 5.2% |
Germany | 5.5% |
India | 6.0% |
China is one of the fastest-growing countries in the market. For the 2024 to 2034 forecast period, the CAGR for China is estimated to be an invigorating 6.8%.
China is recognized as the country that consumes the most amount of meat in the world. Pork, for example, is a staple of Chinese cuisine. Thus, there is also demand for meat packaging, which propels the meat shrink bag market in the country.
India is home to a significant population of vegetarian people and households. However, increased globalization is leading to people in the country becoming infatuated with foreign cuisines. Thus, the already significant meat consumer base in India is being expanded and the meat shrink bag market is reaping the benefits. For the forecast period, the CAGR for India is pegged at an encouraging 6.0%.
Over the forecast period, the CAGR for the market in Japan is anticipated to be 5.2%.
Even with government restrictions, Japanese consumers are not averse to the convenience provided by plastic bags. Thus, meat shrink bags have attained popularity in the country.
By printing advertising material on the bags, American producers are widening the scope of the meat shrink bag market. With an increasing number of meat producers in the country, meat vendors are using customized printing on meat shrink bags to gain a competitive edge in the market. The CAGR for the United States market is expected to be 4.9% from 2024 to 2034.
Germany is one of the rapidly growing countries in the European market. Over the forecast period, the CAGR for the market in Germany is expected to be 5.5%.
Innovation is the name of the game when it comes to packaging in Germany. Meat shrink bag manufacturers are also seeking innovation. Innovations like recyclable bags are keeping the market fresh in Germany.
Innovations, especially relating to recycling, are seen as game changers in the market. Thus, market players are emphasizing the use of technology to manufacture meat shrink bags that are eco-friendly.
Several multinational giants have established a stronghold in the market. Production facilities are being improved and increased at a rapid rate.
Recent Developments in the Meat Shrink Bag Market
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Units) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Types, 2019 to 2034
Table 4: Global Market Volume (Units) Forecast by Types, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 6: Global Market Volume (Units) Forecast by Application, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Types, 2019 to 2034
Table 10: North America Market Volume (Units) Forecast by Types, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 12: North America Market Volume (Units) Forecast by Application, 2019 to 2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Million) Forecast by Types, 2019 to 2034
Table 16: Latin America Market Volume (Units) Forecast by Types, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 18: Latin America Market Volume (Units) Forecast by Application, 2019 to 2034
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: Western Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 21: Western Europe Market Value (US$ Million) Forecast by Types, 2019 to 2034
Table 22: Western Europe Market Volume (Units) Forecast by Types, 2019 to 2034
Table 23: Western Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 24: Western Europe Market Volume (Units) Forecast by Application, 2019 to 2034
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: Eastern Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Types, 2019 to 2034
Table 28: Eastern Europe Market Volume (Units) Forecast by Types, 2019 to 2034
Table 29: Eastern Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 30: Eastern Europe Market Volume (Units) Forecast by Application, 2019 to 2034
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: South Asia and Pacific Market Volume (Units) Forecast by Country, 2019 to 2034
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Types, 2019 to 2034
Table 34: South Asia and Pacific Market Volume (Units) Forecast by Types, 2019 to 2034
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 36: South Asia and Pacific Market Volume (Units) Forecast by Application, 2019 to 2034
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 38: East Asia Market Volume (Units) Forecast by Country, 2019 to 2034
Table 39: East Asia Market Value (US$ Million) Forecast by Types, 2019 to 2034
Table 40: East Asia Market Volume (Units) Forecast by Types, 2019 to 2034
Table 41: East Asia Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 42: East Asia Market Volume (Units) Forecast by Application, 2019 to 2034
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 44: Middle East and Africa Market Volume (Units) Forecast by Country, 2019 to 2034
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Types, 2019 to 2034
Table 46: Middle East and Africa Market Volume (Units) Forecast by Types, 2019 to 2034
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 48: Middle East and Africa Market Volume (Units) Forecast by Application, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Types, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Application, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Units) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Types, 2019 to 2034
Figure 9: Global Market Volume (Units) Analysis by Types, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Types, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Types, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 13: Global Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 16: Global Market Attractiveness by Types, 2024 to 2034
Figure 17: Global Market Attractiveness by Application, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by Types, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by Application, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by Types, 2019 to 2034
Figure 27: North America Market Volume (Units) Analysis by Types, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Types, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Types, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 31: North America Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 34: North America Market Attractiveness by Types, 2024 to 2034
Figure 35: North America Market Attractiveness by Application, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by Types, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by Application, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Types, 2019 to 2034
Figure 45: Latin America Market Volume (Units) Analysis by Types, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Types, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Types, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 49: Latin America Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Types, 2024 to 2034
Figure 53: Latin America Market Attractiveness by Application, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) by Types, 2024 to 2034
Figure 56: Western Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 57: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) Analysis by Types, 2019 to 2034
Figure 63: Western Europe Market Volume (Units) Analysis by Types, 2019 to 2034
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Types, 2024 to 2034
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Types, 2024 to 2034
Figure 66: Western Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 67: Western Europe Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 70: Western Europe Market Attractiveness by Types, 2024 to 2034
Figure 71: Western Europe Market Attractiveness by Application, 2024 to 2034
Figure 72: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: Eastern Europe Market Value (US$ Million) by Types, 2024 to 2034
Figure 74: Eastern Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Types, 2019 to 2034
Figure 81: Eastern Europe Market Volume (Units) Analysis by Types, 2019 to 2034
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Types, 2024 to 2034
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Types, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 85: Eastern Europe Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 88: Eastern Europe Market Attractiveness by Types, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness by Application, 2024 to 2034
Figure 90: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia and Pacific Market Value (US$ Million) by Types, 2024 to 2034
Figure 92: South Asia and Pacific Market Value (US$ Million) by Application, 2024 to 2034
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Types, 2019 to 2034
Figure 99: South Asia and Pacific Market Volume (Units) Analysis by Types, 2019 to 2034
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Types, 2024 to 2034
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Types, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 103: South Asia and Pacific Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 106: South Asia and Pacific Market Attractiveness by Types, 2024 to 2034
Figure 107: South Asia and Pacific Market Attractiveness by Application, 2024 to 2034
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 109: East Asia Market Value (US$ Million) by Types, 2024 to 2034
Figure 110: East Asia Market Value (US$ Million) by Application, 2024 to 2034
Figure 111: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: East Asia Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: East Asia Market Value (US$ Million) Analysis by Types, 2019 to 2034
Figure 117: East Asia Market Volume (Units) Analysis by Types, 2019 to 2034
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Types, 2024 to 2034
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Types, 2024 to 2034
Figure 120: East Asia Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 121: East Asia Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 122: East Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 124: East Asia Market Attractiveness by Types, 2024 to 2034
Figure 125: East Asia Market Attractiveness by Application, 2024 to 2034
Figure 126: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 127: Middle East and Africa Market Value (US$ Million) by Types, 2024 to 2034
Figure 128: Middle East and Africa Market Value (US$ Million) by Application, 2024 to 2034
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Types, 2019 to 2034
Figure 135: Middle East and Africa Market Volume (Units) Analysis by Types, 2019 to 2034
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Types, 2024 to 2034
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Types, 2024 to 2034
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 139: Middle East and Africa Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 142: Middle East and Africa Market Attractiveness by Types, 2024 to 2034
Figure 143: Middle East and Africa Market Attractiveness by Application, 2024 to 2034
Figure 144: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The size of the meat shrink bag market in 2024 is expected to be USD 990.3 million.
By 2034, the size of the meat shrink bag market will be USD 1,707.7million.
For the forecast period from 2024 to 2034, the meat shrink bag market is expected to progress at a CAGR of 6.0% in India.
The meat shrink bag market is expected to grow at a CAGR of 4.9% from 2024 to 2034 in the United States.
Polyethylene, polypropylene, polyethylene terephthalate, and polyvinyl chloride are some of the materials used in making meat shrink bag production.
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