Vacuum Skin Packaging is Fastest Growing Segment Fueling the Growth of Fresh Meat

 

The global Fresh Meat Packaging Market is estimated to be valued at US$ 2.21 Bn in 2023 and is expected to exhibit a CAGR of 3.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Fresh meat packaging solutions such as vacuum skin packaging provides shelf life extension by eliminating oxygen from the package and forming a tight skin over fresh meat products. Packaging solutions prevents oxidation and maintains freshness and quality of meat for extended periods.

Market Key Trends:

Vacuum skin packaging has emerged as a prominent packaging format among end use industries. The packaging technique prevents contact of meat with oxygen by sucking out air from packaging film and sealing it tightly. This greatly extends the shelf life of products and maintains freshness and quality for over 2-3 weeks. Moreover, clear and durable nature of vacuum skin packaging films allows retailers to showcase products attractively. Convenience aspect of the packaging due to compact dimensions and ease of storage and transportation has further augmented its adoption in the market.

Segment Analysis:

The fresh meat packaging market is segmented by product type into modified atmosphere packaging, vacuum skin packaging, vacuum thermoformed packaging, and others. Among these, the modified atmosphere packaging segment dominates the market, accounting for over 35% of the global fresh meat packaging market share in 2023. Modified atmosphere packaging uses a combination of gases such as oxygen, carbon dioxide, and nitrogen to extend the shelf life of fresh meat products. This technology is highly adopted due to its effectiveness in inhibiting microbial growth and maintaining the color of packaged meats.

Key Takeaways:

The global fresh meat packaging market is expected to witness high growth, exhibiting a CAGR of 3.5% over the forecast period, due to increasing consumption of meat products and rising demand for packaged meat with longer shelf life.

Regional Analysis:

North America dominates the fresh meat packaging market, accounting for over 30% of the global market share in 2023. This is attributed to robust meat production and consumption in countries like the US and Canada. Europe is the second largest market for fresh meat packaging due to high per capita meat consumption in countries such as Germany, France and Italy.

Key Players:

Key players operating in the fresh meat packaging market are Amcor Limited, E.I. du Pont de Nemours & Co, Bemis Company, Inc., Berry Plastic Group, Winpack Ltd., Sealed Air Corp., Crown Holdings, Reynolds Group, Coveris Holdings S.A., and Sealpac International BV. Amcor Limited is a leading player, holding over 20% market share globally in 2023. Other prominent players include Bemis Company and Berry Plastic Group

Comments

Post a Comment

Popular posts from this blog

Nonylphenol Ethoxylate Market Size 2023 | Key Growth Drivers and Latest Opportunities

Image
Nonylphenol Ethoxylate  Nonylphenol ethoxylate (NPE) is a group of nonionic surfactants that are commonly used in a variety of industrial and household applications. They are produced by reacting nonylphenol with ethylene oxide, resulting in a range of products with varying degrees of ethoxylation. NPEs have been used in detergents, cleaning products, and personal care products as a surfactant, emulsifier, and wetting agent. They are also used in industrial applications, such as in the production of textiles, paper, and leather. However, NPEs have been found to be persistent in the environment, and are known to be toxic to aquatic life. They are also known to disrupt the endocrine system of animals, including humans, by mimicking the effects of estrogen. For these reasons, the use of NPEs has been restricted or banned in some countries, including the European Union and Canada. Many manufacturers have switched to using alternative surfactants, such as alcohol ethoxylates, which are cons
Read more

Hydrogen Peroxide Market Unveiled: Exploring Global Trends, Growth Drivers, and Future Prospects

Image
  Hydrogen Peroxide Market Overview Hydrogen peroxide (H₂O₂) is a chemical compound with a variety of industrial and consumer applications. It is a pale blue liquid, commonly used as a disinfectant, bleaching agent, and oxidizer. The hydrogen peroxide market is driven by its extensive use across various sectors, including healthcare, paper and pulp, textiles, food processing, electronics, and water treatment. Market Drivers Healthcare Industry:  Hydrogen peroxide is widely used as a disinfectant and antiseptic in the healthcare sector. It is employed for cleaning wounds, sterilizing medical equipment, and as a mouthwash. The ongoing emphasis on healthcare and hygiene has contributed to the  hydrogen peroxide market growth . Paper and Pulp Industry:  Hydrogen peroxide is utilized as a bleaching agent in the paper and pulp industry. It helps to whiten paper products and remove impurities, contributing to the production of high-quality paper. Textile Industry:  In the textile sector, hydr
Read more

Polyferric Sulfate Market Analysis: Growth, Trends, and Opportunities

Image
Polyferric sulfate, also known as PFS, is a chemical compound that finds widespread application in various industries. This inorganic coagulant is primarily utilized for water treatment and purification processes. It is an iron-based coagulant that is highly effective in removing impurities, such as suspended solids, organic matter, and contaminants, from water sources. Polyferric sulfate is known for its superior coagulation and flocculation properties, making it a preferred choice for treating both industrial and municipal water supplies. The market for polyferric sulfate has witnessed significant growth over the years due to increasing concerns about water quality and the need for efficient water treatment solutions. As populations grow, industrial activities expand, and environmental regulations become more stringent, the demand for reliable water treatment chemicals like polyferric sulfate has surged. This has led to a robust market expansion, driven by the critical role that PFS
Read more