216 Pages Future Market Insights
Analysis on Meat Packaging
Market Demand Outlook Offers
Compelling Insights into Key
Factors Driving Sales
June 30, 2021 Press Offfice Press Release 0
The global meat packaging market is set to exhibit a steady growth driven by the
rising consumption of meat products globally. FMI forecasts meat packaging sales
outlook to remain positive, rising at a CAGR of 4.7% during the forecast period
2021-2031 in comparison to a CAGR of 2.9% registered between 2016 and 2020.
According to the Organization for Economic Co-operation and Development (OECD)
and the Food and Agriculture Organization (FAO), the per capita consumption of
meat recorded in 2018 was around 34.7 kilograms, and it is estimated to reach 35.1
kilograms retail weight equivalent (r.w.e) by the year 2028. As the consumption of
meat is increasing year on year, the market for meat packaging is expected to soar
during the assessment period.
North America is dominating the global meat packaging market. Owing to the high
consumption of pork, beef, and poultry meat in the region, the sale of meat is
expected to surpass a valuation of US$ 1.3 billion by the end of 2021, making the
region a center point for the expansion of the market.
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As per a study by FMI, the global
high-speed steel (HSS) tools
market outlook remains
positive, with its valuation
forecast to surpass US$ 5.5
The polyethylene segment accounts for the leading meat packaging market share,
accounting for over 55% through 2031. Owing to its glossy texture and high
durability characteristics, it is a more preferred choice for transparent packaging.
“To cater to the