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, acquisition, and 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.
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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
At packaging equipment manufacturers level
At meat producer level
At the retailer level
|
| 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 |
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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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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