Fresh Meat Packaging Market - Industry Analysis and Opportunity Assessment 2016 - 2026
Valley Cottage, NY -- (SBWIRE) -- 12/18/2017 -- 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).
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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 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.
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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.