DUBLIN, July 29, 2021--(BUSINESS WIRE)--The "Poultry Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The poultry packaging market is expected to register a CAGR of 5%, during the forecast period 2021 - 2026.
Berry Global, Inc
Sealed Air Corporation
LINPAC SEALPAC International
Key Market Trends
Barrier Films is Expected to Register a Significant Growth
While good packaging is critical to the safety and quality of meat, but several other factors are affecting the development of new barrier film products. Many packaging manufacturers are focusing on making their packaging recyclable or reusable. For instance, Royal DSM, a global science-based company active in health, nutrition and sustainable living, along with APK, are incorporating sustainable benefits of multilayer meat packaging films. Beyond the primary function of reducing wastage of food waste, the products are now also recyclable using APK's new recycling route.
Moreover, according to North America is a significant exporter and consumer of poultry meats. The market is strengthened by the growing availability of meat across the country's widespread and robust retail chains. With the demand for a more considerable stable-shelf time, the demand for retort trays and cartons are on the rise, which is anticipated to increase the demand for barrier films.
With the demand for poultry meat only increasing in the near future, the market for barrier film packaging for meats is expected to witness significant growth during the forecast period.
North America is Expected to Occupy Significant Market Share
According to the Food and Agriculture Organization, in North America, capita consumption of meat is expected to reach 97.15 Kilos in 2028 from 95.32 kilos in 2018. As the region is also a significant exporter of meat, the market is strengthened by the growing availability of meat and pork products across the country's widespread and robust retail chains. With the demand for a more considerable stable-shelf time, the demand for retort trays and cartons are on the rise, which is anticipated to increase the demand for barrier films.
Many of the players of packaging market in North America are playing an essential role while increasing the requirement for the consumer-friendly packaging that provides transparency in the product packaging that helps the customer to quickly examine the product which further increases the demand of the product and helped for leading the fastest market growth while attaining the large amount of share throughout the forecasted period more significantly. Moreover, the growing demand for packaged food in the food industry is likely to exercise the growth of the market, owing to the rising shelf life of food products. However, the demand for biodegradable and soluble films is predicted to convey more opportunities to this market. For instance, Tosca launched a reusable plastic container (RPC) designed specifically for poultry in July 2019. As poultry is heavy and ships with an ice crust are challenging because of the corrugated box that breaks down when exposed to moisture or water. Thus, the RPC is expected to withstand weight and water and reducing damage, as well as eliminating packaging waste. Such advancement in the packaging industry are expected to have a positive outlook on the market.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increased Preference for Convenience Food Products
4.3.2 Increased Preference for Convenience Food Products
4.4 Market Restraints
4.4.1 Occurrence Of Disease Epidemics like Avian Influenza
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Meat
5.2 By Packging
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 INVESTMENT ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/u6c46t
View source version on businesswire.com: https://www.businesswire.com/news/home/20210729005508/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900