(MENAFN- Comserve) New York, United States, Oct 26, 2020, 15:10 /Comserve / -- Kenneth Research added Updated Business Report on Global Meat Packaging Market (2020-2026). Which Includes Impact Analysis of COVID-19 Panedemic on Global Market, Top Competitors, Revenue Forecast, Upgradation in Companies
Meat Packaging is used to wrap meat items with appropriate protective material. In order to attract consumers, proper freshness of meat is necessary which is possible when the right packaging method is used. Since, meat is a perishable product so, it requires good packaging method for protecting it from spoilage. Meat packaging also gives information about certain important components of food like calories and others with the help of labeling.
'The CAGR value Could change due to COVID-19 Pandemic on Global Industry
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Market Size and Forecast
At Present, North America holds the top rank in global meat packaging industry and all the credit can be attributed to spiked meat consumption in the region in recent years. In 2014, revenues from meat consumption in North America amounted to USD 187 Billion.
The demand for meat packaging, seafood and poultry in the U.S. is further expected to bolster to reach USD 9.5 Billion in 2017.
A significant Y-O-Y growth can be seen in the market as USDA confirms their 2016 increase in total red meat and poultry production compared to 2015's of 2.98 billion pounds, or 3.1 per cent. Further, according to USDA, 2017's beef production is projected to move up 3.4 per cent compared to 2016's, broiler to be up 2.6 per cent, pork to increase 2.4 per cent, and turkey to increase by be 2.5 per cent.
After North America, Europe has the second biggest market in the global meat packaging industry. Europe meat consumption doubled from 2000 to 2011 and reached 3.6 Million Tonnes in 2012. Meat consumption in Europe is further expected to grow at a burgeoned pace, escalating the demand of meat packaging in the region.
'The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).
Leading Key Players of Global Market:
Amcor Ltd, Crown Holdings, Dupont, Nuconic Packaging Lic., Tetra Pak International S.A., Silgan Holding, Reynolds Group and, Toyo Seikan Group Holdings and Other Key Players.
Market Segmentation
By Material
The market of global meat packaging is divided on the basis of material as:
Plastics
Metal
Paper Board
Aluminum Wraps
Others
By Type
Rigid
Semi-Rigid
Flexible
'The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).
By Regions
North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
By Distribution Channel
Restaurants
Hotels
Bakery
Confectionary
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'The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).
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