March 7, 2019 by Steve Blade
Pivotal role of packaging containers in the storing and transportation of fresh or processed meat keeps gaining significance in the global food industry. The essential utility of these “meatainers” in eliminating the risks of secondary contamination of meat and providing the required strength and durability is valued by meat production companies across the globe. Fact.MR estimates that the worldwide sales of meatainers will bring in over US$ 210 million revenues by the end of 2026. However, the report reveals a moderate growth in demand for meatainers in the coming years. During the period, 2017-2026, the global market for meatainers is pegged to register a modest CAGR of 4.4% in terms of volume.
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Fact.MR’s take on the future of the global meatainers market expects a moderate growth in the coming years. While meatainers will remain a key commodity in meat & poultry packaging vertical, manufacturers fail to increase their profitability across these products. High strength and durability of meatainers is lowering their sales by exhibiting a low replacement rate. It has been estimated that by the end of 2026, nearly 500,000 tons of meatainers will be sold worldwide in the meat production & processing industry. The report further assesses that the global meatainers market will reflect moderate expansion at a CAGR of 4.9% in terms of value over the forecast period, 2017-2026.
In 2017, nearly 105,000 tons of meatainers were used by beef producers across the globe. The report also estimates a high use of meatainers in chicken packaging operations. Over the forecast period, more than 50% of the meatainers market volumes will be accounted by their use in packaging of beef and chicken. Manufacturers are improving the functionality of meatainers by curbing their role in contaminating the beef from exposure to particulates of corrugated materials.
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The report also observes that meatainers will be predominantly sold through offline channels. In 2017, offline channels registered sales of nearly 280,000 tons of meatainers. However, increasing presence of packaging vendors on e-commerce platforms will drive the online sales of meatainers in the near future. Over the forecast period, online sales of meatainers are expected to register a high volume growth at 6.1% CAGR.
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Lyburn Supplies, Amazing Packaging Supplies, Abbe Corrugated Pty. Ltd, Orora Limited, Packaging Corporation of America, Heathpak Ltd., Smurfit Kappa Group PLC, WestRock Company, International Paper Co. and DS Smith are expected to actively partake in the expansion of meatainers market across geographies. Companies namely, Charta Packaging, Industrial Packaging Corporation, CoolSeal USA, Standard Meat, Austcor Packaging, Robert Mann Packaging, Kruger Packaging, Star Box Inc, Cano Container Corporation, Norampac Inc., and Crown Packaging are also recognized as key market players, and are expected to expand their production capabilities by increasing their presence in the APEJ and North America regions.
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