Meat Packaging Market Size

Meat Packaging Market size was over USD 11.42 billion in 2023 and is anticipated to exceed USD 19.74 billion by the end of 2036, growing at over 4.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of meat packaging is evaluated at USD 11.81 billion.

The growth of the meat packaging market can be attributed to the growing consumption of meat globally, mainly pork and beef, upgraded storage units for frozen foods, and the surging demand for flexible meat packaging. According to the Food and Agriculture Organization of the United States (FAO), the global meat consumption per capita is forecasted to rise up to 35.4 kg retail weight equivalent (r.w.e) by the end of 2027. Furthermore, rise in disposable income of the worldwide population is also predicted to fuel the growth of the market in the near future. Along with these, improvement in transportation services in the previous years is a significant factor projected to offer opportunities for market expansion.

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 Size