courtesy of the Businesswire
Factors such as increasing shelf-life of the product, improved standard of living, and sustainable benefits of flexible films over rigid packaging and advancement in the packaging technology are driving the market growth. However, Environmental issues such as recyclability and sustainability and health concerns are some of the factors that are hampering market growth. Manufacturers adopting eco-friendly techniques for meat packaging is a key trend observed by the market.
“The beef segment dominated the Meat Type market segment”
The beef segment dominated the Meat Type market segment followed by poultry because of increasing consumption of beef across the world. On the basis of packaging material, the (Ethylenvinyl Alcohol) EVOH segment is anticipated to grow at the highest CAGR during the forecast period. MAP segment is observed to grow significantly during the forecast period. The 7-layer segment dominated the market, followed by 5-layer segment over the forecast period. North America is the largest market followed by Europe. Asia pacific is anticipated to grow lucratively due to rising disposable income along with rise in the consumption of meat products.
Source: MEatbusiness