Meat Packaging Market Share

On the basis of geographical analysis, the meat packaging market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific industry is predicted to account for largest revenue share by 2036, driven by increasing industrialization, rise in disposable income of the population, coupled with growing consumption of beef and pork in the region. According to the data given by Organization for Economic Co-operation and Development (OECD), Korea had the highest consumption of pork in 2019, amounting to 31.2 kilograms/capita.

North America Market Analysis

Moreover, the meat packaging market in North America and Europe are expected to hold notable shares in the market owing to the growing demand for meat products and the strong presence of industrial players. In addition to this, the change in lifestyle of urban population is evaluated to increase the utilization of pre-processed and packaged foods, which in turn is assessed to be a major growth driver for the market in these regions.

Frequently Asked Questions (FAQ)

Increasing pork and beef consumption, and improved storage units of frozen foods are expected to drive market growth.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021 â€“ 2029.

Growing trend of veganism and high cost of fresh meat products are estimated to hamper the market growth.

Asia Pacific region is estimated to provide more business growth opportunities on the back of increasing industrialization and disposable income of the population.

The major players in the market are Berry Global Inc., Sealed Air Corporation, Smurfit Kappa Group, and others.

Meat Packaging Market Share