LONDON--(BUSINESS WIRE)--Technavio estimates the global fresh meat packaging market to grow by USD 2.26 billion, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is driven by the rising adoption of case-ready meat packaging. However, fluctuating polymer prices might challenge growth.
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Fresh Meat Packaging Market: Packaging Landscape
Based on the package, the market saw maximum growth in the flexible packaging segment in 2019. The segment is driven by the growing need to reduce packaging weight to reduce transportation costs. The market growth in the segment will be significant over the forecast period.
Fresh Meat Packaging Market: Geography Landscape
41% of the market’s growth originated from APAC in 2019. Factors such as population growth, rapid urbanization, and improving economic conditions are driving the growth of the market in APAC.
China and Japan are the key markets for the fresh meat packaging market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Major Three Fresh meat packaging Market Vendors:
Amcor Plc
Amcor Plc operates its business through segments such as Flexibles and Rigid Packaging. The company offers a wide range of packaging solutions for fresh meat products.
Berry Global Group Inc.
Berry Global Group Inc. operates its business through segments such as Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene & Specialties. The company offers a wide range of packaging solutions for fresh meat products.
Coveris Management GmbH
Coveris Management GmbH operates its business through segments such as Films, Flexibles, and Labels & Board. The company offers a wide range of packaging solutions for fresh meat products.
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Global Flexible Packaging Market – Global flexible packaging market is segmented by product (pouches, bags, films and wraps, and others), end-user (food and beverage, healthcare, and others), and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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