Poultry Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The poultry packaging market is expected to register a CAGR of 5%, during the forecast period 2021 - 2026. The North American Meat Institute said that meat and poultry play critical roles in building strong bodies and healthy brains and in maintaining the bodies at every stage of life because they are the rich source of protein and contains several minerals such as iron, heme iron, and non-heme iron. Therefore, increasing awareness about nutrition from poultry meat is expected to be one of the major driving factors for the market to expand.
Key HighlightsWhile 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.
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.
The poultry packaging market is competitive in nature, owing to the presence of many global players in the market. Few global payers are... However, with the increasing population and increasing awareness about the nutrition value associated with the poultry meats are increasing the demand for the hygiene packaging. Moreover, the presence of local players in the market, are increasing the competitiveness among the players. Product launch, high cost on research and development are the prime growth strategies adopted by the players to sustain the intense competition. Few recent developments are:
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