Global Meat, Poultry, and Seafood Packaging Market 2017-2021

Overview of the global meat, poultry, and seafood packaging market

Research analysis on the global meat, poultry, and seafood packaging market identifies the increasing adoption of convenient packaging as one of the primary factors that will have a positive impact on the growth of this market. Owing to their hectic lifestyles, consumers are constantly on the lokout for products with flexible packaging designs such as zippers and microwavable pouch packaging since they offer increased convenience in the consumption and disposal of products. It has been observed that the demand for meat, poultry, and seafood packaging with convenient packaging designs in APAC will be worth almost USD 48 billion by the end of 2017. This is inducing vendors to develop innovative products incorporating intelligent technologies. Technavio's market research analysts predict that this market will grow at a CAGR of more than 5% by 2021.

The demographic and technological changes have resulted in the emergence of new applications for high-barrier packaging films. This packaging has higher performance features when compared to other packaging products such as laminated structures. Additonally, they also offer better protection from factors such as moisture and oxygen and longer shelf life. Owing to such benefits, the high-barrier film packaging will soon find application in the meat, poultry, and seafood industry as well, which according to this market research report, will be one of the major trends that will gain traction in the meat, poultry, and seafood packaging market in the coming years.

 Competitive landscape and key vendors

Characterized with the presence of several multinational and local vendors, the meat, poultry, and seafood packaging market appears to be highly fragmented. The local players offer innovative solutions at lesser price and pose as stiff competitors to the international vendors. However, they find it difficult to compete with the international players in terms of features, quality, and range of offerings. To improve their market positions, the international players will acquire the regional players and grow inorganically.

The leading vendors in the market are -

• Amcor
• Bemis
• Berry Global
• Sealed Air
• Pactiv

The other prominent vendors in the market are AEP Industries, Bischof + Klein, Clondalkin Group, Constantia Flexibles, Coveris, DS Smith, Graham Packaging, Huhtamaki, and Winpak

Segmentation by packaging type and analysis of the meat, poultry, and seafood packaging market

• Flexible packaging
• Rigid packaging

During 2016, the flexible packaging segment accounted for the major shares of this market. This packaging includes sheets and films, bags, and pouches and protects the contents from contamination and deterioration and provides downgauging options. With the demand for pouches and high-barrier films, this segment will continue to account for the major shares of the meat, poultry, and seafood packaging market throughout the next four years.

Geographical segmentation and analysis of the meat, poultry, and seafood packaging market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market throughout the forecast period. This mainly attributes to the growing demand for flexible packaging materials such as plastic films and vacuum pouches among consumers and retailers.

Key questions answered in the report include

• What will the market size , market forecast and the growth rate be of the global meat, poultry, and seafood packaging market in 2021?
• What are the key factors driving the global meat, poultry, and seafood packaging market?
• What are the key market trends impacting the growth of the global meat, poultry, and seafood packaging market?
• What are the challenges to market growth of the global meat, poultry, and seafood packaging market?
• Who are the key vendors in the global meat, poultry, and seafood packaging market?
• What are the market opportunities and threats faced by the vendors in the global meat, poultry, and seafood packaging market?
• Trending factors influencing the market shares of the of the global meat, poultry, and seafood packaging market in Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global meat, poultry, and seafood packaging market?

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