According to the latest insights by Future Market Insights (FMI), the poultry packaging market is estimated to rise at 5% CAGR between 2022 and 2032. The sales in the market are projected to reach US$ 2.5 Bn by 2022 amid growing consumption of poultry meat across the globe. Poultry packaging is important as it prevents the growth of the microbiological organisms in the food products.
In order to keep the food safe, secure and to extend the shelf life of the products various preservative techniques are used in the packaging industry. In addition, another factor contributing to the growth of poultry packaging is the initiatives from the various governments to increase healthy food products.
Hence, manufacturers are focusing on the research and development of packaging techniques so that more convenient and safe packaging can be done for the poultry products.
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Key Takeaways from Poultry Packaging Market
- In terms of packaging format, the segment rigid packaging is projected to grow at the rate of 5.6% CAGR between 2022 and 2032.
- North America is expected to have a high growth owing to increasing demand for nutritional protein rich food and growing consumption of poultry products in the region.
- Based on distribution channel, the retail store segment is expected to surge at 1.6x the current market value during the forecast period.
- The U.S. is expected to dominate the global poultry packaging market owing to the presence of leading players in the country
- India is predicted to lead the growth in South Asia poultry packaging market on the back of growing development in the packaging industry
“Need for extended shelf life of the processed and ready to eat meals has increased the demand for active packaging solutions. Hence, key players are extensively investing in research development for advanced packaging technologies, creating growth opportunities for poultry packaging industry players” – says FMI analyst
Widespread Consumption of Poultry Meals to Boost the Market
There is a rise in the demand for healthy diet products as the generation is inclining toward a healthy lifestyle. Poultry provides nutritional food containing high quality protein and it has a low proportion of fat. Various benefits of poultry meat have increased the consumption of the poultry meals such as a balanced diet, reduce risk of diseases and overweight, etc.
Thus, the consumer becoming more cognizant and aware of building a healthy lifestyle to fight against any unforeseen pandemic has increased the consumption of nutritive poultry meals. Hence, widespread consumption of poultry meat across the globe will increase the demand for poultry packaging.
Poultry Packaging Market by Category
By Material:
- Plastic
- Paper
- Molded
By Packaging Type:
- Rigid Packaging
- Trays
- Bowls
- Cans
- Boxes
- Flexible Packaging
- Pouches
- Wraps
- Bags
- Films
By Distribution Channel:
- E-commerce
- Retail Stores
- Convenience
Poultry Packaging Market Landscape
Berry Global Inc., Amcor PLC, Mondi Group, Smurfit Kappa and International Paper are the key players operating in the global poultry packaging market. Also, some of the noticeable players operating in the poultry packaging are Sealed Air Corporation, ProAmpac LLC, Glenroy, Inc., Sonoco Products Company, Winpak Limited, Sealpac International bv, Klöckner Pentaplast, Mannok Pack, Orora Packaging Australia Pty Ltd, Visy, Cascades Inc., ULMA GROUP, Smart Packaging Solutions, VISKOTEEPAK, Safepack and others.
