North America Fresh Meat Packaging Market

North America Fresh Meat Packaging Market: Vacuum Skin Packaging Format to Witness Significant Adoption over the Forecast Period; North America Industry Analysis and Opportunity Assessment 2016 - 2026

Fresh Meat Packaging Films Market Scope

Rising acceptance of biodegradable plastic for meat packaging is anticipated to offer potential development prospects to the market of fresh meat packaging. Shifting inclinations of production from traditional case-ready packaging to portion-size packaging innovation type is anticipated to offer prospects to the manufacturers over the estimated period.

Portion-sizes of meat items provide the customer to use the prerequisite amount of meat and lessen wastage of meat products. This aspect is extended to make profoundly lucrative prospects for makers of fresh meat packaging solutions over the years to come. 

The worldwide disorder brought about by the COVID-19 outbreak has not hosed M&A (merger and acquisition) strategies in the food & drink sector. Companies are outfitting their acquisition strategies to accomplish better market positions, compelled by a surge in demand for locally produced food amid the COVID-19 lockdown.

The core strategies stay unaltered and organizations stay zeroed in on development through a combination of organic development, acquisitionand product R&D. Such M&A among global and homegrown makers are projected to grow over the estimated period since key players are highly engaged with the consolidation of the market and this is extended to impel the market development of fresh meat packaging. For example,

JBS, USA entered into an equity buying settlement with Empire Packing Company to take over the company's case-ready manufacturing facilities and Ledbetter branded retail products for US$238 Mn.

Subject to government approvals and regulatory review, the acquisition comprises operations of five manufacturing facilities based in Denver (Colorado), Cincinnati (Ohio), Mason (Ohio), Olympia (Washington), and Memphis (Tennessee), together with Ledbetter branded retail products.

Fabbri Group, a market leader in the field of food packaging films and machinery and historic Modena-based Company, is increasing its scope of action with the acquisition of Caveco, a Palazzolo sull’ Oglio-based company.

The acquisition will allow the group to further fortify its status in the strategic segment of packaging lines and heat-sealing machines. The company is one of the first in the world to take over extensive experience in the area of skin packaging of fresh meat products and protective atmosphere packaging utilizing heat-sealing machines.

Introduction

To provide in-depth insights, a detailed consumer preference analysis was carried out at each level of the value chain, which includes film convertors, packaging equipment manufacturers, meat producers/co-packers and retailers. Some of the key highlights from the analysis include, preferred packaging technologies for different types of meat products, factors impacting purchasing decision of packaging materials and most commonly used layer types.

Market Value and Forecast

The North America fresh meat packaging market has been estimated to be valued at US$ 1,443.1 Mn in 2015 and is expected to expand at a 2.2% CAGR over the forecast period (2016–2026).

Market Dynamics

Growth of the North America fresh meat packaging market is specifically driven by increasing shelf life of meat products, along with the customised films demand from meat producers. Besides, sustainable benefits of flexible packaging films over rigid packaging formats  is further fuelling the market demand for meat packaging market. A key trend defining the market is that of major players focusing towards enhancing their product portfolio and expanding their customer base by entering into strategic mergers and acquisitions. Furthermore, film convertors are also increasingly focused on downgauging and optimisation of packages size to offer eco-friendly and cost-effective solutions to meat producers, co-packers and retailers.

Market Segmentation

Two individual markets, namely North America film and North America fresh meat packaging were collectively considered to arrive at data regarding the North America fresh meat packaging market. North America fresh meat packaging film market is segmented on the basis of packaging format, meat type, packaging material, layer type and country.

Market Segmentation, by Material Type

On the basis of packaging material, the market is segmented into PE, PVC, BOPP, PA, EVOH, PP and others. In terms of value, EVOH segment is anticipated to expand at the highest CAGR during the forecast period.

Market Segmentation by Layer Type

On the basis of layer type, the market is segmented into monolayer, 3-layer, 5-layer, 7-layer and 9-layer.  Among all layer type segments, 7-layer segment is anticipated to exhibit the highest revenue growth, followed by 5-layer segment over the forecast period.

Market Segmentation by Packaging Format

On the basis of packaging format, the market is segmented into MAP, VTP, VSP and others. In terms of value, MAP segment is expected to register a CAGR of 2.6% during the forecast period.

Market Segmentation by Meat Type

On the basis of meat type, the market is segmented into beef, pork, poultry and others. Among all meat types, beef segment is anticipated to remain dominant during the forecast period.

Key Players

Key players in the North America fresh meat packaging market were identified at each level of the value chain.  At film convertor level, some of the key players are Bemis Company, Inc., Winpak Ltd., Sealed Air Corp. ,Berry Plastic Group, Inc., and Coveris Holdings S.A. At packaging equipment manufacturers level, some of the key players are Multivac Sepp Haggenmüller GmbH & Co.KG, Robert Reiser & Co, Harpak-ULMA Packaging, LLC, ALKAR-RapidPak, Inc., and Sealpac International BV.  At meat producer level major player covered in the report include Tyson Foods, Inc., JBS SA ADR, Cargill Meat Solutions Corporation, National Beef Packing Company, LLC., and Hormel Foods Corporation.

At the retailer level, some of the key players identified were Wal-Mart Stores, Inc., The Kroger Co., Costco Wholesale Corporation, Whole Foods Market IP. L.P., and Wegmans Food Markets Inc. At the retailer level, some players are focusing on private label products and regional expansion through setting up new stores. The ‘Competitive Landscape’ is included to provide report audiences with a dashboard view and company share.

Fresh Meat Packaging Films Market Report Scope

Attribute

Details

Forecast Period

2014-2026

Historical Data Available for

2015-2026

Market Analysis

US$ Mn for Value and Tons for Volume

Key Regions Covered

North America

Key Countries Covered

U.S, Canada

Key Segments Covered

Packaging Format, Material Type, Layer Type, Meat Type, and Region

Key Companies Profiled

At film convertor level

  • Bemis Company, Inc.
  • Winpak Ltd.
  • Sealed Air Corp.
  • Berry Plastic Group, Inc.
  • Coveris Holdings S.A.

At packaging equipment manufacturers level

  • Multivac Sepp Haggenmüller GmbH & Co.KG
  • Robert Reiser & Co
  • Harpak-ULMA Packaging, LLC
  • ALKAR-RapidPak, Inc.
  • Sealpac International BV. 

At meat producer level

  • Tyson Foods, Inc.
  • JBS SA ADR
  • Cargill Meat Solutions Corporation
  • National Beef Packing Company, LLC.
  • Hormel Foods Corporation

At the retailer level

  • Wal-Mart Stores, Inc.
  • The Kroger Co.
  • Costco Wholesale Corporation
  • Whole Foods Market IP. L.P.
  • Wegmans Food Markets Inc. 

Report Coverage

Market Overview, Key Market Trends, Key Success Factors, Demand Analysis, Market Background, COVID-19 Analysis, Segmental Analysis, Regional Profiling, Market Structure & Competition Analysis

Customization & Pricing

Available Upon Request

Key Segments Covered

North America Fresh Meat Packaging Equipment Market

North America Fresh Meat Packaging Film Market

By Packaging Format

  • MAP
  • VSP
  • VTP
  • Others

By Material Type

  • PE
  • PVC
  • BOPP
  • PA
  • EVOH
  • PP
  • Others

By Layer Type

  • Monolayer
  • 3-layer
  • 5-layer
  • 7-layer
  • 9-layer

By Meat Type

  • Beef
  • Pork
  • Poultry
  • Others

Key Regions/Countries Covered

North America

  • U.S.
  • Canada

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