The market for meat packaging is expected to experience significant growth during the next five years, according to The Journey Ahead for the Meat Packaging Industry, a market study from Infiniti Research.
Demand for meat packaging in the United States stands at $5.1 billion and will grow steadily through 2021, predicts a report from The Freedonia Group, in Cleveland, Ohio.
Today, conveying value is more important than ever because of the many challenges faced by manufacturers perhaps the most daunting is what some describe as the “commoditizing” of packaging.
As the meat industry approaches 2016, it is important to reflect on the drivers of change and innovation that will continue to affect companies in the new year.
Global demand for flexible packaging is projected to reach $210 billion in 2015, and forecast to grow at an annual average rate of 3 percent, reaching $248 billion in 2020, according to a new market report by Smithers Pira.
The Freedonia report, “Meat, Poultry & Seafood Packaging, Industry Study with Forecasts for 2019 & 2024,” published in April 2015, projects strengthening demand for single-portion and smaller sizes, as well as convenient prepared foods.
In the complex landscape of meat packaging trends, two drivers that have long-term “legs” stand out as much in this segment as they do most packaged product categories: sustainability and convenience.