Poultry Packaging Market to surpass USD 6.5 billion by
From GlobeNewswire: 2024-11-21 05:30:00
The Poultry Packaging Market was valued at USD 4.3 billion in 2023 and is projected to reach USD 6.5 billion by 2032. Increasing consumer demand for sustainable packaging solutions, such as biodegradable and eco-friendly materials, is driving market growth. However, the high cost of sustainable packaging materials poses a challenge for smaller producers.
The paper and paperboard segment in the poultry packaging market is expected to reach USD 3 billion by 2032, driven by a focus on sustainability. Paper-based packaging is gaining popularity due to its recyclability and biodegradability, making it ideal for perishable items like poultry. The e-commerce segment is projected to grow at a CAGR of over 7% between 2024 and 2032, as online grocery shopping becomes increasingly popular.
North America held a 35% market share in 2023, driven by the demand for ready-to-cook poultry products. In China, the market is expanding rapidly due to the rising demand for processed and ready-to-eat products. Companies like Amcor, Berry Global, and Sealed Air are among the key players in the poultry packaging industry, offering innovative solutions to meet consumer needs.
The Poultry Packaging Market Research Report provides comprehensive coverage of the industry, including revenue forecasts from 2021 to 2032. The market is segmented by material (plastic, paper & paperboard, others), packaging type (trays, boxes & cartons, bags & pouches, films & wraps, clamshells, others), technology (MAP, active packaging, shrink packaging, vacuum packaging, others), and end-use (supermarkets/hypermarkets, specialty meat shops, QSR, e-commerce, others).
Global Market Insights Inc. is a market research and consulting service provider based in Delaware, U.S., offering syndicated and custom research reports. Their reports provide clients with actionable market data for strategic decision-making in key industries such as chemicals, technology, renewable energy, and biotechnology.
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