Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Fresh Meat Packaging Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Fresh Meat Packaging Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Fresh
Meat Packaging Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Fresh Meat Packaging Market is offered. In accordance with the report, the global
Fresh Meat Packaging Market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Shelf
life is known to be a crucial parameter among end users (i.e. meat producers,
co-packers and retailers) while choosing packaging films and their respective
compatible equipment. Barrier films and adoption of appropriate Packaging
Technology Types such as vacuum and MAP enabled meat producers, co-packers and
retailers to extend shelf life of fresh meat products by approximately 12X. In
addition to that, these films also enhance the visual appearance of the meat
products, which in turn attracts meat product buyers. A small increment in
shelf life goes a long way in retaining the consumer base and expanding it.
This helps in enhancing the market presence. Thus, improvement in shelf life
has emerged as one of the important drivers for the Global Fresh Meat Packaging
Demand.
Market Drivers
In
order to increase the appeal of their products, meat producers demand
customizability in the type of packaging they use for their products. Packaging
Type is known to garner the maximum attention of the customers while selecting
their products. Attributed to this very reason, many film producers have
started offering the option of customizability to their clients, which in turn
is anticipated to drive growth of the Global Films demand. Demand for
customized packaging films is also reported to have increased in Latin America
and Western Europe.
Among
the many sustainability benefits that flexible packaging has on offer, some of
the notable ones are, lower Carbon footprint, reduced raw material consumption,
reduced energy consumption and low wastage, which is better as compared to that
of rigid packaging technology types. These characteristics are anticipated to
drive demand for Global Fresh Meat Packaging.
Market Restraints
Rising
prices of certain fresh meat products such as beef and pork, is expected to
increase overall packaged meat costs and in turn, hinder adoption of fresh meat
packaging to a certain extent, as consumers are sensitive about price per pound
and total package price.
Opportunities
Use
of synthetic biodegradable resins for production of meat packaging films can
offer lucrative growth opportunities for sustainable solutions, due to reduced
dependency on fossil fuel. Materials such as polyactic acid (PLA),
polyhydroxyalkanoates (PHA), cellulose- or starch-based materials can offer new
functionalities such as compostability and biodegradability.
Shift
from conventional case-ready packaging to portion-size Packaging Technology
Type. This Packaging Technology Type uses a primary package for the whole set
of portioned meat and secondary packages for individual meat products. Use of
portion-sizes of meat products allows consumer to use required amount of meat
and reduce wastage of meat products. This in turn is expected to create highly
lucrative opportunities for meat producers through increasing sales and also
would boost existing revenue generation of film converters.
Trends
A
significant portion of the meat producers tend to focus on utilizing a
dedicated packaging line for fresh meat production, due to various stringent
government regulations about food safety and hygiene. However, certain meat
producers also prefer utilizing a single machine for multiple packaging
applications.
The Global meat packaging
market has witnessed a surge in merger and acquisition activities in recent
years. In the near future, mergers and acquisitions among international and
domestic players are expected to increase, as key players are focusing on market
consolidation.
Ø In July 2015, the Hormel Foods Corp company
acquired Applegate Farms, LLC, owner of Applegate brand
Ø In October 2015, the JBS SA ADR company acquired
Cargill’s pork business in the U.S. for US$ 1.45 Bn.
Segment Covered:
This market
intelligence report on the global Fresh Meat Packaging Market encompasses market segments based on material type , meat
type , packaging technology type and country.
By
Material Type the global Fresh Meat Packaging Market has been divided into:
q PE
q PP
q BOPP
q EVOH
q PVC
q PA
q Others
By Meat Type the global Fresh Meat
Packaging Market has been divided into:
q Beef
q Pork
q Poultry
q Seafood
q Others
By
Packaging Technology Type the global Fresh Meat Packaging Market has been
divided into:
q MAP
q VSP
q VTP
q Others
By country/region,
the global Fresh Meat Packaging Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q The Dow
Chemical Company
q BASF
Corporation, Bayer
q MaterialScience
LLC
q Braskem
America Inc.
q Chevron
Phillips Chemical Company LP
q DuPont
q ExxonMobil
Chemical Company
q Amcor Limited
q Sealed Air Corporation
q E.I. du
Pont de Nemours & Co
q Bemis
Company, Inc.
q Berry
Plastics Corporation
q Winpak
Ltd.
q Mondi Group
q Bollore Group
q KOROZO Ambalaj San.ve Tic A.S.
q Coveris Holdings SA
q Tyson
q JBS
q Cargill Meat Solutions
q National Beef
q Hormel
q Multivac
q Ross/Reiser
q Harpak –Ulma/Mondini (Mondini-
Harpak)
q Sealpac
q Rapidpak
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Fresh Meat Packaging Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Winpak
In January 2015, Wipak Group announced
an investment of US$ 24.2 Mn to establish a new high-barrier films production plant
technology at Nastola, Finland. This is expected to provide packaging material
solutions that offers a combination of visual, protective and environmental
benefits to its customers globally.
Mondi Group
On 27 April
2016, Mondi Group acquired SIMET S.A, a flexo printing packaging manufacturer.
On 12 July 2016,
the company acquired Kale Nobel Ambalaj Sanayi ve Ticaret Anonim Sirketi, a
consumer packaging company
On 15 July 2016,
it acquired ZAO Uralplastic-N a consumer flexible packaging manufacturer.
On 20 October
2016, Mondi Group acquired LLC Beepack, a packaging company.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Fresh Meat
Packaging Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Fresh Meat Packaging Market is done by taking into account various parameters such as
company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Fresh Meat Packaging caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Fresh
Meat Packaging Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Fresh Meat Packaging Market
v
Identification
of key factors driving investment opportunities in the Fresh Meat
Packaging Market
v
Facilitate decision-making
based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants