Fresh or processed meat remains one of the most popular types of food at global level. This is indicated not only by retail sales, but also by a recent market research study. The report issued by one of the most reputable market research institutions indicates a significant growth in the demand for returnable meat packaging over the next few years.
Returnable Meat Packaging Market: 5.8% CAGR by 2030
The Research and Markets report estimates that the global value of the meat packaging industry will grow from the current value of $10.55 billion to $15.75 billion in the next seven years.
This equals to a compound annual growth rate (CAGR) of 5.9% – a significant growth in the current uncertain economic environment. Compared to other types of measurements, the CAGR offers one of the most accurate ways too calculate the rate of returns for all types of assets and investments – basically anything whose values can increase or decrease over time.
The research is based on the detailed analysis of many market segments, covering all types of meat: poultry, pork, beef and mutton. It also covers all types of packaging materials, from reusable meat packaging to primary packaging for processed foods.
Reusable Plastic Containers for Meat Play a Key Role in the Findings
Despite the fact that it focuses on all kinds of packages, the report devotes a special section to returnable meat packaging made of plastic materials such as:
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinylchloride (PVC).
How the Forecasts Influences the Packaging Industry
As returnable meat packaging producers, among other types of standard and customized packages, this report is in line with the own estimations of the Logistic Packaging team. We are constantly in touch with our clients and evaluate their future needs of packaging materials together with them.
This close collaboration has many benefits, starting with the better planning of our own resources and output capacity and ending with a faster response time to last minute orders.
We are ready to help your company choose the best returnable meat packaging solutions for your business needs. Send us an email to start discussing your project with a Logistic Packaging expert!