The Plant Based Meat Packaging Market size is projected to be worth USD 424.6 million in 2023. The market is likely to surpass USD 987.0 million by 2033 at a CAGR of 8.8% during the forecast period.
The rise in the trend of plant-based food diet and the increasing demand of plant based meat is driving the demand of plant based meat packaging; which resulted in the rising demand of the plant based meat packaging.
The rise in the consumption of the plant based meat will eventually increase the growth of the plant based meat packaging market. The shelf life of the plant based meat can be increased by the packaging.
Other Drivers Propelling the Demand for Plant Based Meat Packaging include:
Challenges for Companies /Manufacturers in the Plant Based Meat Packaging Market:
Opportunities in the plant based meat packaging Industry:
Latest Trends in the Plant Based Meat Packaging Market:
Attribute | Details |
---|---|
Plant Based Meat Packaging Market Size (2023) | USD 424.6 million |
Plant Based Meat Packaging Market Projected Size (2033) | USD 987.0 million |
Value CAGR (2023 to 2033) | 8.8% |
From 2018 to 2022, the global plant based meat packaging market experienced a CAGR of 3.7%, reaching a market size of USD 390.3 million in 2022.
From 2018 to 2022, with the rise in the demand for packaged food, the growth of the market is observed. Also with the rise in concern towards healthy and hygienic foods, the growth of the plant based meat packaging can be seen. Additionally, the implementation of regulations by the government propelled the market growth during this period.
Looking ahead, the global plant based meat packaging industry is expected to rise at a CAGR of 8.8% from 2023 to 2033. During the forecast period, the market size is expected to reach USD 987.0 million.
The plant based meat packaging industry is expected to continue its growth trajectory from 2023 to 2033, driven by increasing concerns over rising health issues with the consumption of animal based meat.
The North-America holds the largest market share, and also dominates the growth of the market. However, the growth of the market can be hindered by the high manufacturing cost of the plant based meat packaging manufacturing.
Country | United States |
---|---|
Market Size (USD million) by End of Forecast Period (2033) | USD 144.2 million |
CAGR % 2023 to End of Forecast (2033) | 4.6% |
The plant based meat packaging industry in the United States is expected to reach a market share of USD 144.2 million by 2033, expanding at a CAGR of 4.6%.
The plant based meat packaging industry in the United States is expected to dominate the growth of the market, with the highest number of consumers. Additionally, the presence of large number of manufacturers is also the reason for United States to hold the largest market share.
Country | United Kingdom |
---|---|
Market Size (USD million) by End of Forecast Period (2033) | USD 13.8 million |
CAGR % 2023 to End of Forecast (2033) | 1.8% |
The plant based meat packaging industry in the United Kingdom is expected to reach a market share of USD 13.8 million, expanding at a CAGR of 1.8% during the forecast period. The United Kingdom market is projected to experience growth owing to the rising popularity for the flexitarian diet.
The rise in the plant based meat will eventually rise the packaging market. Most of the consumers think that plant based diet are healthier, which is boosting the growth of the market in the country.
Country | China |
---|---|
Market Size (USD million) by End of Forecast Period (2033) | USD 131.3 million |
CAGR % 2023 to End of Forecast (2033) | 6.0% |
The plant based meat packaging industry in China is anticipated to reach a market share of USD 131.3 million, moving at a CAGR of 6.0% during the forecast period. The rise of the market in the country is seen due to the companies investing in research and development, to manufacture products which can be 100% recycled.
The plastic segment is expected to dominate the plant based meat packaging industry with a CAGR of 5.4% from 2022 to 2033. This segment captures a significant market share in 2023 due to its cost-effectiveness, high efficiency, and low maintenance requirements.
The plastic segment comes under various types of products, which can be chosen according to the need of the manufacturer. With the good barrier property, the plastic segment dominates the growth of the market.
The pouch segment is expected to dominate the plant based meat packaging industry with a CAGR of 5.1% from 2022 to 2033. This segment captures a significant market share in 2023 due to the high demand for foods like meat, poultry, etc. Pouches helps to prevent the food from spoiling and combat food waste.
The plant based meat packaging industry is highly competitive, with numerous players vying for market share. In such a scenario, key players must adopt effective strategies to stay ahead of the competition.
Key Strategies Adopted by the Players
Strategic Partnerships and Collaborations
Key players in the market collaborate and form partnership in order to gain market share; which can help companies to gain access to new technologies and markets.
Product Innovation
Companies are currently investing in research and development, which can help in enhancing efficiency and reduce cost of the product. It can help in competing with their competitors in the market.
Expansion into Emerging Markets
India and China are the emerging markets, which are growing at a significant rate. Top players are trying to contribute in the market, which can eventually help in company’s growth.
Table 01: Global Market Value (US$ Million) Analysis, By Material Type, 2018H to 2033F
Table 02: Global Market Volume (Tonnes) Analysis, By Material Type, 2018H to 2033F
Table 03: Global Market Value (US$ Million) Analysis, by Packaging Type, 2018H to 2033F
Table 04: Global Market Volume (Tonnes) Analysis, by Packaging Type, 2018H to 2033F
Table 05: Global Market Value (US$ Million) Analysis, by Product Type, 2018H to 2033F
Table 06: Global Market Volume (Tonnes) Analysis, by Product Type, 2018H to 2033F
Table 07: Global Market Value (US$ Million) Analysis, by Region, 2018H to 2033F
Table 08: Global Market Volume (Tonnes) Analysis, by Region, 2018H to 2033F
Table 09: North America Market Value (US$ Million) Analysis, By Material Type, 2018H to 2033F
Table 10: North America Market Volume (Tonnes) Analysis, By Material Type, 2018H to 2033F
Table 11: North America Market Value (US$ Million) Analysis, by Packaging Type, 2018H to 2033F
Table 12: North America Market Volume (Tonnes) Analysis, by Packaging Type, 2018H to 2033F
Table 13: North America Market Value (US$ Million) Analysis, by Product Type, 2018H to 2033F
Table 14: North America Market Volume (Tonnes) Analysis, by Product Type, 2018H to 2033F
Table 15: North America Market Value (US$ Million) Analysis, by Country, 2018H to 2033F
Table 16: North America Market Volume (Tonnes) Analysis, by Country, 2018H to 2033F
Table 17: Latin America Market Value (US$ Million) Analysis, By Material Type, 2018H to 2033F
Table 18: Latin America Market Volume (Tonnes) Analysis, By Material Type, 2018H to 2033F
Table 19: Latin America Market Value (US$ Million) Analysis, by Packaging Type, 2018H to 2033F
Table 20: Latin America Market Volume (Tonnes) Analysis, by Packaging Type, 2018H to 2033F
Table 21: Latin America Market Value (US$ Million) Analysis, by Product Type, 2018H to 2033F
Table 22: Latin America Market Volume (Tonnes) Analysis, by Product Type, 2018H to 2033F
Table 23: Latin America Market Value (US$ Million) Analysis, by Country, 2018H to 2033F
Table 24: Latin America Market Volume (Tonnes) Analysis, by Country, 2018H to 2033F
Table 25: East Asia Market Value (US$ Million) Analysis, By Material Type, 2018H to 2033F
Table 26: East Asia Market Volume (Tonnes) Analysis, By Material Type, 2018H to 2033F
Table 27: East Asia Market Value (US$ Million) Analysis, by Packaging Type, 2018H to 2033F
Table 28: East Asia Market Volume (Tonnes) Analysis, by Packaging Type, 2018H to 2033F
Table 29: East Asia Market Value (US$ Million) Analysis, by Product Type, 2018H to 2033F
Table 30: East Asia Market Volume (Tonnes) Analysis, by Product Type, 2018H to 2033F
Table 31: East Asia Market Value (US$ Million) Analysis, by Country, 2018H to 2033F
Table 32: East Asia Market Volume (Tonnes) Analysis, by Country, 2018H to 2033F
Table 33: South Asia & Pacific Market Value (US$ Million) Analysis, By Material Type, 2018H to 2033F
Table 34: South Asia & Pacific Market Volume (Tonnes) Analysis, By Material Type, 2018H to 2033F
Table 35: South Asia & Pacific Market Value (US$ Million) Analysis, by Packaging Type, 2018H to 2033F
Table 36: South Asia & Pacific Market Volume (Tonnes) Analysis, by Packaging Type, 2018H to 2033F
Table 37: South Asia & Pacific Market Value (US$ Million) Analysis, by Product Type, 2018H to 2033F
Table 38: South Asia & Pacific Market Volume (Tonnes) Analysis, by Product Type, 2018H to 2033F
Table 39: South Asia & Pacific Market Value (US$ Million) Analysis, by Country, 2018H to 2033F
Table 40: South Asia & Pacific Market Volume (Tonnes) Analysis, by Country, 2018H to 2033F
Table 41: Western Europe Market Value (US$ Million) Analysis, By Material Type, 2018H to 2033F
Table 42: Western Europe Market Volume (Tonnes) Analysis, By Material Type, 2018H to 2033F
Table 43: Western Europe Market Value (US$ Million) Analysis, by Packaging Type, 2018H to 2033F
Table 44: Western Europe Market Volume (Tonnes) Analysis, by Packaging Type, 2018H to 2033F
Table 45: Western Europe Market Value (US$ Million) Analysis, by Product Type, 2018H to 2033F
Table 46: Western Europe Market Volume (Tonnes) Analysis, by Product Type, 2018H to 2033F
Table 47: Western Europe Market Value (US$ Million) Analysis, by Country, 2018H to 2033F
Table 48: Western Europe Market Volume (Tonnes) Analysis, by Country, 2018H to 2033F
Table 49: Eastern Europe Market Value (US$ Million) Analysis, By Material Type, 2018H to 2033F
Table 50: Eastern Europe Market Volume (Tonnes) Analysis, By Material Type, 2018H to 2033F
Table 51: Eastern Europe Market Value (US$ Million) Analysis, by Packaging Type, 2018H to 2033F
Table 52: Eastern Europe Market Volume (Tonnes) Analysis, by Packaging Type, 2018H to 2033F
Table 53: Eastern Europe Market Value (US$ Million) Analysis, by Product Type, 2018H to 2033F
Table 54: Eastern Europe Market Volume (Tonnes) Analysis, by Product Type, 2018H to 2033F
Table 55: Eastern Europe Market Value (US$ Million) Analysis, by Country, 2018H to 2033F
Table 56: Eastern Europe Market Volume (Tonnes) Analysis, by Country, 2018H to 2033F
Table 57: Central Asia Market Value (US$ Million) Analysis, By Material Type, 2018H to 2033F
Table 58: Central Asia Market Volume (Tonnes) Analysis, By Material Type, 2018H to 2033F
Table 59: Central Asia Market Value (US$ Million) Analysis, by Packaging Type, 2018H to 2033F
Table 60: Central Asia Market Volume (Tonnes) Analysis, by Packaging Type, 2018H to 2033F
Table 61: Central Asia Market Value (US$ Million) Analysis, by Product Type, 2018H to 2033F
Table 62: Central Asia Market Volume (Tonnes) Analysis, by Product Type, 2018H to 2033F
Table 63: Central Asia Market Value (US$ Million) Analysis, by Country, 2018H to 2033F
Table 64: Central Asia Market Volume (Tonnes) Analysis, by Country, 2018H to 2033F
Table 65: Russia & Belarus Market Value (US$ Million) Analysis, By Material Type, 2018H to 2033F
Table 66: Russia & Belarus Market Volume (Tonnes) Analysis, By Material Type, 2018H to 2033F
Table 67: Russia & Belarus Market Value (US$ Million) Analysis, by Packaging Type, 2018H to 2033F
Table 68: Russia & Belarus Market Volume (Tonnes) Analysis, by Packaging Type, 2018H to 2033F
Table 69: Russia & Belarus Market Value (US$ Million) Analysis, by Product Type, 2018H to 2033F
Table 70: Russia & Belarus Market Volume (Tonnes) Analysis, by Product Type, 2018H to 2033F
Table 71: Russia & Belarus Market Value (US$ Million) Analysis, by Country, 2018H to 2033F
Table 72: Russia & Belarus Market Volume (Tonnes) Analysis, by Country, 2018H to 2033F
Table 73: Balkan Countries Market Value (US$ Million) Analysis, By Material Type, 2018H to 2033F
Table 74: Balkan Countries Market Volume (Tonnes) Analysis, By Material Type, 2018H to 2033F
Table 75: Balkan Countries Market Value (US$ Million) Analysis, by Packaging Type, 2018H to 2033F
Table 76: Balkan Countries Market Volume (Tonnes) Analysis, by Packaging Type, 2018H to 2033F
Table 77: Balkan Countries Market Value (US$ Million) Analysis, by Product Type, 2018H to 2033F
Table 78: Balkan Countries Market Volume (Tonnes) Analysis, by Product Type, 2018H to 2033F
Table 79: Balkan Countries Market Value (US$ Million) Analysis, by Country, 2018H to 2033F
Table 80: Balkan Countries Market Volume (Tonnes) Analysis, by Country, 2018H to 2033F
Table 81: Baltic Countries Market Value (US$ Million) Analysis, By Material Type, 2018H to 2033F
Table 82: Baltic Countries Market Volume (Tonnes) Analysis, By Material Type, 2018H to 2033F
Table 83: Baltic Countries Market Value (US$ Million) Analysis, by Packaging Type, 2018H to 2033F
Table 84: Baltic Countries Market Volume (Tonnes) Analysis, by Packaging Type, 2018H to 2033F
Table 85: Baltic Countries Market Value (US$ Million) Analysis, by Product Type, 2018H to 2033F
Table 86: Baltic Countries Market Volume (Tonnes) Analysis, by Product Type, 2018H to 2033F
Table 87: Baltic Countries Market Value (US$ Million) Analysis, by Country, 2018H to 2033F
Table 88: Baltic Countries Market Volume (Tonnes) Analysis, by Country, 2018H to 2033F
Table 89: MEA Market Value (US$ Million) Analysis, By Material Type, 2018H to 2033F
Table 90: MEA Market Volume (Tonnes) Analysis, By Material Type, 2018H to 2033F
Table 91: MEA Market Value (US$ Million) Analysis, by Packaging Type, 2018H to 2033F
Table 92: MEA Market Volume (Tonnes) Analysis, by Packaging Type, 2018H to 2033F
Table 93: MEA Market Value (US$ Million) Analysis, by Product Type, 2018H to 2033F
Table 94: MEA Market Volume (Tonnes) Analysis, by Product Type, 2018H to 2033F
Table 95: MEA Market Value (US$ Million) Analysis, by Country, 2018H to 2033F
Table 96: MEA Market Volume (Tonnes) Analysis, by Country, 2018H to 2033F
Figure 01: Global Market Share Analysis By Material Type, 2023E & 2033F
Figure 02: Global Market Y-o-Y Analysis By Material Type, 2018H to 2033F
Figure 03: Global Market Attractiveness Analysis By Material Type, 2023E to 2033F
Figure 04: Global Market Share Analysis by Packaging Type, 2023E & 2033F
Figure 05: Global Market Y-o-Y Analysis by Packaging Type, 2018H to 2033F
Figure 06: Global Market Attractiveness Analysis by Packaging Type, 2023E to 2033F
Figure 07: Global Market Share Analysis by Product Type, 2023E & 2033F
Figure 08: Global Market Y-o-Y Analysis by Product Type, 2018H to 2033F
Figure 09: Global Market Attractiveness Analysis by Product Type, 2023E to 2033F
Figure 10: Global Market Share Analysis by Region 2023E & 2033F
Figure 11: Global Market Y-o-Y Analysis by Region, 2018H to 2033F
Figure 12: Global Market Attractiveness Analysis by Region, 2023E to 2033F
Figure 13: North America Market Attractiveness Analysis by Packaging Type, 2023E to 2033F
Figure 14: North America Market Y-o-Y Analysis By Material Type, 2018H to 2033F
Figure 15: North America Market Value Share Analysis by Product Type 2023(E)
Figure 16: North America Market Share Analysis by Country, 2023E & 2033F
Figure 17: Latin America Market Attractiveness Analysis by Packaging Type, 2023E to 2033F
Figure 18: Latin America Market Y-o-Y Analysis By Material Type, 2018H to 2033F
Figure 19: Latin America Market Value Share Analysis by Product Type 2023(E)
Figure 20: Latin America Market Share Analysis by Country, 2023E & 2033F
Figure 21: East Asia Market Attractiveness Analysis by Packaging Type, 2023E to 2033F
Figure 22: East Asia Market Y-o-Y Analysis By Material Type, 2018H to 2033F
Figure 23: East Asia Market Value Share Analysis by Product Type 2023(E)
Figure 24: East Asia Market Share Analysis by Country, 2023E & 2033F
Figure 25: South Asia & Pacific Market Attractiveness Analysis by Packaging Type, 2023E to 2033F
Figure 26: South Asia & Pacific Market Y-o-Y Analysis By Material Type, 2018H to 2033F
Figure 27: South Asia & Pacific Market Value Share Analysis by Product Type 2023(E)
Figure 28: South Asia & Pacific Market Share Analysis by Country, 2023E & 2033F
Figure 29: Western Europe Market Attractiveness Analysis by Packaging Type, 2023E to 2033F
Figure 30: Western Europe Market Y-o-Y Analysis By Material Type, 2018H to 2033F
Figure 31: Western Europe Market Value Share Analysis by Product Type 2023(E)
Figure 32: Western Europe Market Share Analysis by Country, 2023E & 2033F
Figure 33: Eastern Europe Market Attractiveness Analysis by Packaging Type, 2023E to 2033F
Figure 34: Eastern Europe Market Y-o-Y Analysis By Material Type, 2018H to 2033F
Figure 35: Eastern Europe Market Value Share Analysis by Product Type 2023(E)
Figure 36: Eastern Europe Market Share Analysis by Country, 2023E & 2033F
Figure 37: Central Asia Market Attractiveness Analysis by Packaging Type, 2023E to 2033F
Figure 38: Central Asia Market Y-o-Y Analysis By Material Type, 2018H to 2033F
Figure 39: Central Asia Market Value Share Analysis by Product Type 2023(E)
Figure 40: Central Asia Market Share Analysis by Country, 2023E & 2033F
Figure 41: Russia & Belarus Market Attractiveness Analysis by Packaging Type, 2023E to 2033F
Figure 42: Russia & Belarus Market Y-o-Y Analysis By Material Type, 2018H to 2033F
Figure 43: Russia & Belarus Market Value Share Analysis by Product Type 2023(E)
Figure 44: Russia & Belarus Market Share Analysis by Country, 2023E & 2033F
Figure 45: Balkan Countries Market Attractiveness Analysis by Packaging Type, 2023E to 2033F
Figure 46: Balkan Countries Market Y-o-Y Analysis By Material Type, 2018H to 2033F
Figure 47: Balkan Countries Market Value Share Analysis by Product Type 2023(E)
Figure 48: Balkan Countries Market Share Analysis by Country, 2023E & 2033F
Figure 49: Baltic Countries Market Attractiveness Analysis by Packaging Type, 2023E to 2033F
Figure 50: Baltic Countries Market Y-o-Y Analysis By Material Type, 2018H to 2033F
Figure 51: Baltic Countries Market Value Share Analysis by Product Type 2023(E)
Figure 52: Baltic Countries Market Share Analysis by Country, 2023E & 2033F
Figure 53: MEA Market Attractiveness Analysis by Packaging Type, 2023E to 2033F
Figure 54: MEA Market Y-o-Y Analysis By Material Type, 2018H to 2033F
Figure 55: MEA Market Value Share Analysis by Product Type 2023(E)
Figure 56: MEA Market Share Analysis by Country, 2023E & 2033F
Figure 57: USA Market Value Share Analysis, by Packaging Type, 2023E & 2033F
Figure 58: USA Market Value Share Analysis, By Material Type, 2023E & 2033F
Figure 59: USA Market Value Share Analysis, by Product Type, 2023E & 2033F
Figure 60: Canada Market Value Share Analysis, by Packaging Type, 2023E & 2033F
Figure 61: Canada Market Value Share Analysis, By Material Type, 2023E & 2033F
Figure 62: Canada Market Value Share Analysis, by Product Type, 2023E & 2033F
Figure 63: Brazil Market Value Share Analysis, by Packaging Type, 2023E & 2033F
Figure 64: Brazil Market Value Share Analysis, By Material Type, 2023E & 2033F
Figure 65: Brazil Market Value Share Analysis, by Product Type, 2023E & 2033F
Figure 66: Mexico Market Value Share Analysis, by Packaging Type, 2023E & 2033F
Figure 67: Mexico Market Value Share Analysis, By Material Type, 2023E & 2033F
Figure 68: Mexico Market Value Share Analysis, by Product Type, 2023E & 2033F
Figure 69: Germany Market Value Share Analysis, by Packaging Type, 2023E & 2033F
Figure 70: Germany Market Value Share Analysis, By Material Type, 2023E & 2033F
Figure 71: Germany Market Value Share Analysis, by Product Type, 2023E & 2033F
Figure 72: Italy Market Value Share Analysis, by Packaging Type, 2023E & 2033F
Figure 73: Italy Market Value Share Analysis, By Material Type, 2023E & 2033F
Figure 74: Italy Market Value Share Analysis, by Product Type, 2023E & 2033F
Figure 75: France Market Value Share Analysis, by Packaging Type, 2023E & 2033F
Figure 76: France Market Value Share Analysis, By Material Type, 2023E & 2033F
Figure 77: France Market Value Share Analysis, by Product Type, 2023E & 2033F
Figure 78: United Kingdom Market Value Share Analysis, by Packaging Type, 2023E & 2033F
Figure 79: United Kingdom Market Value Share Analysis, By Material Type, 2023E & 2033F
Figure 80: United Kingdom Market Value Share Analysis, by Product Type, 2023E & 2033F
Figure 81: Spain Market Value Share Analysis, by Packaging Type, 2023E & 2033F
Figure 82: Spain Market Value Share Analysis, By Material Type, 2023E & 2033F
Figure 83: Spain Market Value Share Analysis, by Product Type, 2023E & 2033F
Figure 84: Russia Market Value Share Analysis, by Packaging Type, 2023E & 2033F
Figure 85: Russia Market Value Share Analysis, By Material Type, 2023E & 2033F
Figure 86: Russia Market Value Share Analysis, by Product Type, 2023E & 2033F
Figure 87: GCC Market Value Share Analysis, by Packaging Type, 2023E & 2033F
Figure 88: GCC Market Value Share Analysis, By Material Type, 2023E & 2033F
Figure 89: GCC Market Value Share Analysis, by Product Type, 2023E & 2033F
Figure 90: South Africa Market Value Share Analysis, by Packaging Type, 2023E & 2033F
Figure 91: South Africa Market Value Share Analysis, By Material Type, 2023E & 2033F
Figure 92: South Africa Market Value Share Analysis, by Product Type, 2023E & 2033F
Figure 93: Japan Market Value Share Analysis, by Packaging Type, 2023E & 2033F
Figure 94: Japan Market Value Share Analysis, By Material Type, 2023E & 2033F
Figure 95: Japan Market Value Share Analysis, by Product Type, 2023E & 2033F
Figure 96: India Market Value Share Analysis, by Packaging Type, 2023E & 2033F
Figure 97: India Market Value Share Analysis, By Material Type, 2023E & 2033F
Figure 98: India Market Value Share Analysis, by Product Type, 2023E & 2033F
Figure 98: China Market Value Share Analysis, by Packaging Type, 2023E & 2033F
Figure 99: China Market Value Share Analysis, By Material Type, 2023E & 2033F
Figure 100: China Market Value Share Analysis, by Product Type, 2023E & 2033F
Figure 101: Australia Market Value Share Analysis, by Packaging Type, 2023E & 2033F
Figure 102: Australia Market Value Share Analysis, By Material Type, 2023E & 2033F
Figure 103: Australia Market Value Share Analysis, by Product Type, 2023E & 2033F
The market size is expected to be valued at USD 424.6 million in 2023.
High initial cost limits the market growth.
From 2018 to 2022, the global market exhibited a 3.7% CAGR.
The pouch segment is expected to dominate the industry.
The market is estimated to reach USD 987 million by 2033.
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