The plant based meat packaging market size is projected to be worth US$ 424.6 million in 2023. The market is likely to surpass US$ 987.0 million by 2033 at a CAGR of 8.8% during the forecast period. The rise in the trend of plant-based food diet and the increasing demand of plant based meat is driving the demand of plant based meat packaging; which resulted in the rising demand of the plant based meat packaging. The rise in the consumption of the plant based meat will eventually increase the growth of the plant based meat packaging market. The shelf life of the plant based meat can be increased by the packaging.
Other Drivers Propelling the Demand for Plant Based Meat Packaging include:
Challenges for Companies /Manufacturers in the Plant Based Meat Packaging Market:
Opportunities in the plant based meat packaging Industry:
Latest Trends in the Plant Based Meat Packaging Market:
| Attribute | Details |
|---|---|
| Plant Based Meat Packaging Market Size (2023) | US$ 424.6 million |
| Plant Based Meat Packaging Market Projected Size (2033) | US$ 987.0 million |
| Value CAGR (2023 to 2033) | 8.8% |
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From 2018 to 2022, the global plant based meat packaging market experienced a CAGR of 3.7%, reaching a market size of US$ 390.3 million in 2022.
From 2018 to 2022, with the rise in the demand for packaged food, the growth of the market is observed. Also with the rise in concern towards healthy and hygienic foods, the growth of the plant based meat packaging can be seen. Additionally, the implementation of regulations by the government propelled the market growth during this period.
Looking ahead, the global plant based meat packaging industry is expected to rise at a CAGR of 8.8% from 2023 to 2033. During the forecast period, the market size is expected to reach US$ 987.0 million.
The plant based meat packaging industry is expected to continue its growth trajectory from 2023 to 2033, driven by increasing concerns over rising health issues with the consumption of animal based meat.
The North-America holds the largest market share, and also dominates the growth of the market. However, the growth of the market can be hindered by the high manufacturing cost of the plant based meat packaging manufacturing.
Principal Consultant
| Country | United States |
|---|---|
| Market Size (US$ million) by End of Forecast Period (2033) | US$ 144.2 million |
| CAGR % 2023 to End of Forecast (2033) | 4.6% |
The plant based meat packaging industry in the United States is expected to reach a market share of US$ 144.2 million by 2033, expanding at a CAGR of 4.6%. The plant based meat packaging industry in the United States is expected to dominate the growth of the market, with the highest number of consumers. Additionally, the presence of large number of manufacturers is also the reason for United States to hold the largest market share.
| Country | United Kingdom |
|---|---|
| Market Size (US$ million) by End of Forecast Period (2033) | US$ 13.8 million |
| CAGR % 2023 to End of Forecast (2033) | 1.8% |
The plant based meat packaging industry in the United Kingdom is expected to reach a market share of US$ 13.8 million, expanding at a CAGR of 1.8% during the forecast period. The United Kingdom market is projected to experience growth owing to the rising popularity for the flexitarian diet. The rise in the plant based meat will eventually rise the packaging market. Most of the consumers think that plant based diet are healthier, which is boosting the growth of the market in the country.
| Country | China |
|---|---|
| Market Size (US$ million) by End of Forecast Period (2033) | US$ 131.3 million |
| CAGR % 2023 to End of Forecast (2033) | 6.0% |
The plant based meat packaging industry in China is anticipated to reach a market share of US$ 131.3 million, moving at a CAGR of 6.0% during the forecast period. The rise of the market in the country is seen due to the companies investing in research and development, to manufacture products which can be 100% recycled.
The plastic segment is expected to dominate the plant based meat packaging industry with a CAGR of 5.4% from 2022 to 2033. This segment captures a significant market share in 2023 due to its cost-effectiveness, high efficiency, and low maintenance requirements. The plastic segment comes under various types of products, which can be chosen according to the need of the manufacturer. With the good barrier property, the plastic segment dominates the growth of the market.
The pouch segment is expected to dominate the plant based meat packaging industry with a CAGR of 5.1% from 2022 to 2033. This segment captures a significant market share in 2023 due to the high demand for foods like meat, poultry, etc. Pouches helps to prevent the food from spoiling and combat food waste.
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The plant based meat packaging industry is highly competitive, with numerous players vying for market share. In such a scenario, key players must adopt effective strategies to stay ahead of the competition.
Key Strategies Adopted by the Players
Key players in the market collaborate and form partnership in order to gain market share; which can help companies to gain access to new technologies and markets.
Companies are currently investing in research and development, which can help in enhancing efficiency and reduce cost of the product. It can help in competing with their competitors in the market.
India and China are the emerging markets, which are growing at a significant rate. Top players are trying to contribute in the market, which can eventually help in company’s growth.
The market size is expected to be valued at US$ 424.6 million in 2023.
High initial cost limits the market growth.
From 2018 to 2022, the global market exhibited a 3.7% CAGR.
The pouch segment is expected to dominate the industry.
The market is estimated to reach US$ 987 million by 2033.
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Sustainable Trends
3.3. Technological Trends
3.4. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
4.4. Go-to-market Strategies
5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (Units) Analysis, 2018 to 2022
5.2. Current and Future Market Volume (Units) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Global Average Pricing Analysis Benchmark
7. Global Market Demand (in Value or Size in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022
7.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Global Packaging Machinery Market Overview
8.2. Forecast Factors - Relevance & Impact
8.3. Value Chain Analysis & Profitability Margin
8.3.1. Exhaustive List of Component Suppliers
8.3.2. Exhaustive List of Distribution Machines/ Converters/Distributors
8.3.3. Exhaustive List of Brand Owners/ Customer Base
8.4. Case-based Scenario - Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Supply Demand Analysis
8.6.1. Import /Export Analysis
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) and Volume (Units) Analysis By Material Type, 2018 to 2022
9.3. Current and Future Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Material Type, 2023 to 2033
9.3.1. Plastic
9.3.2. Paper
9.3.3. Plant based Films
9.3.4. Others (Glass, Metal, etc.)
9.4. Market Attractiveness Analysis By Material Type
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Packaging Type
10.1. Introduction/Key Findings
10.2. Historical Market Size (US$ Million) and Volume (Units) Analysis By Machine Type, 2018-2022
10.3. Current and Future Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Machine Type, 2023-2033
10.3.1. Trays
10.3.2. Pouches
10.3.3. Wrappers
10.3.4. Cartons
10.3.5. Others (Cans, etc.)
10.4. Market Attractiveness Analysis By Packaging Type
11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Million) and Volume (Units) Analysis By Packaging Type, 2018 to 2022
11.3. Current and Future Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033
11.3.1. Plant-based Burgers
11.3.2. Plant-based Sausage Products
11.3.3. Plant-based Meat Products
11.3.4. Others (Plant-based Nuggets, etc.)
11.4. Market Attractiveness Analysis By Product Type
12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Million) and Volume (Units) Analysis By Region, 2018 to 2022
12.3. Current and Future Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Region, 2023 to 2033
12.3.1. North America
12.3.2. Latin America
12.3.3. East Asia
12.3.4. South Asia & Pacific
12.3.5. Western Europe
12.3.6. Eastern Europe
12.3.7. Central Asia
12.3.8. Russia & Belarus
12.3.9. Balkan & Baltic Countries
12.3.10. Middle East and Africa (MEA)
12.4. Market Attractiveness Analysis By Region
13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
13.1. Introduction / Key Findings
13.2. Historical Market Size (US$ Million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022
13.3. Current Market Size (US$ Million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033
13.3.1. By Region
13.3.1.1. USA
13.3.1.2. Canada
13.3.2. By Material Type
13.3.3. By Packaging Type
13.3.4. By Product Type
13.4. Market Attractiveness Analysis
13.4.1. By Region
13.4.2. By Material Type
13.4.3. By Packaging Type
13.4.4. By Product Type
14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
14.1. Introduction / Key Findings
14.2. Historical Market Size (US$ Million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022
14.3. Current Market Size (US$ Million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033
14.3.1. By Region
14.3.1.1. Brazil
14.3.1.2. Mexico
14.3.1.3. Argentina
14.3.1.4. Rest of Latin America
14.3.2. By Material Type
14.3.3. By Packaging Type
14.3.4. By Product Type
14.4. Market Attractiveness Analysis
14.4.1. By Region
14.4.2. By Material Type
14.4.3. By Packaging Type
14.4.4. By Product Type
15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction / Key Findings
15.2. Historical Market Size (US$ Million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022
15.3. Current Market Size (US$ Million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033
15.3.1. By Region
15.3.1.1. China
15.3.1.2. Japan
15.3.1.3. South Korea
15.3.2. By Material Type
15.3.3. By Packaging Type
15.3.4. By Product Type
15.4. Market Attractiveness Analysis
15.4.1. By Region
15.4.2. By Material Type
15.4.3. By Packaging Type
15.4.4. By Product Type
16. South Asia & Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033
16.1. Introduction / Key Findings
16.2. Historical Market Size (US$ Million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022
16.3. Current Market Size (US$ Million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033
16.3.1. By Region
16.3.1.1. India
16.3.1.2. ASEAN
16.3.1.3. Australia & New Zealand
16.3.2. By Material Type
16.3.3. By Packaging Type
16.3.4. By Product Type
16.4. Market Attractiveness Analysis
16.4.1. By Region
16.4.2. By Material Type
16.4.3. By Packaging Type
16.4.4. By Product Type
17. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
17.1. Introduction / Key Findings
17.2. Historical Market Size (US$ million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022
17.3. Current Market Size (US$ million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033
17.3.1. By Region
17.3.1.1. Germany
17.3.1.2. France
17.3.1.3. Spain
17.3.1.4. Italy
17.3.1.5. United Kingdom
17.3.1.6. BENELUX
17.3.1.7. Nordics
17.3.1.8. Rest of Western Europe
17.3.2. By Material Type
17.3.3. By Packaging Type
17.3.4. By Product Type
17.4. Market Attractiveness Analysis
17.4.1. By Region
17.4.2. By Material Type
17.4.3. By Packaging Type
17.4.4. By Product Type
18. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
18.1. Introduction / Key Findings
18.2. Historical Market Size (US$ million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022
18.3. Current Market Size (US$ million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033
18.3.1. By Region
18.3.1.1. Poland
18.3.1.2. Hungary
18.3.1.3. Austria
18.3.1.4. Czech Republic
18.3.1.5. Rest of Eastern Europe
18.3.2. By Material Type
18.3.3. By Packaging Type
18.3.4. By Product Type
18.4. Market Attractiveness Analysis
18.4.1. By Region
18.4.2. By Material Type
18.4.3. By Packaging Type
18.4.4. By Product Type
19. Central Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
19.1. Introduction / Key Findings
19.2. Historical Market Size (US$ million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022
19.3. Current Market Size (US$ million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033
19.3.1. By Region
19.3.1.1. Kazakhstan
19.3.1.2. Kyrgyzstan
19.3.1.3. Tajikistan
19.3.1.4. Turkmenistan
19.3.1.5. Uzbekistan
19.3.2. By Material Type
19.3.3. By Packaging Type
19.3.4. By Product Type
19.4. Market Attractiveness Analysis
19.4.1. By Region
19.4.2. By Material Type
19.4.3. By Packaging Type
19.4.4. By Product Type
20. Russia & Belarus Market Analysis 2018 to 2022 and Forecast 2023 to 2033
20.1. Introduction / Key Findings
20.2. Historical Market Size (US$ million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022
20.3. Current Market Size (US$ million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033
20.3.1. By Region
20.3.1.1. Russia
20.3.1.2. Belarus
20.3.2. By Material Type
20.3.3. By Packaging Type
20.3.4. By Product Type
20.4. Market Attractiveness Analysis
20.4.1. By Region
20.4.2. By Material Type
20.4.3. By Packaging Type
20.4.4. By Product Type
21. Balkan Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
21.1. Introduction / Key Findings
21.2. Historical Market Size (US$ million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022
21.3. Current Market Size (US$ million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033
21.3.1. By Region
21.3.1.1. Romania
21.3.1.2. Greece
21.3.1.3. Bulgaria
21.3.2. By Material Type
21.3.3. By Packaging Type
21.3.4. By Product Type
21.4. Market Attractiveness Analysis
21.4.1. By Region
21.4.2. By Material Type
21.4.3. By Packaging Type
21.4.4. By Product Type
22. Baltic Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
22.1. Introduction / Key Findings
22.2. Historical Market Size (US$ million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022
22.3. Current Market Size (US$ million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033
22.3.1. By Region
22.3.1.1. Lithuania
22.3.1.2. Estonia
22.3.1.3. Latvia
22.3.2. By Material Type
22.3.3. By Packaging Type
22.3.4. By Product Type
22.4. Market Attractiveness Analysis
22.4.1. By Region
22.4.2. By Material Type
22.4.3. By Packaging Type
22.4.4. By Product Type
23. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
23.1. Introduction / Key Findings
23.2. Historical Market Size (US$ million) and Volume (Units) Analysis by Market Taxonomy, 2018 to 2022
23.3. Current Market Size (US$ million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2023 to 2033
23.3.1. By Region
23.3.1.1. GCC Countries
23.3.1.2. Turkey
23.3.1.3. Northern Africa
23.3.1.4. South Africa
23.3.1.5. Israel
23.3.2. By Material Type
23.3.3. By Packaging Type
23.3.4. By Product Type
23.4. Market Attractiveness Analysis
23.4.1. By Region
23.4.2. By Material Type
23.4.3. By Packaging Type
23.4.4. By Product Type
24. Region wise Market Analysis 2023 & 2033
24.1. USA Market Analysis
24.1.1. By Material Type
24.1.2. By Packaging Type
24.1.3. By Product Type
24.2. Canada Market Analysis
24.2.1. By Material Type
24.2.2. By Packaging Type
24.2.3. By Product Type
24.3. Brazil Market Analysis
24.3.1. By Material Type
24.3.2. By Packaging Type
24.3.3. By Product Type
24.4. Mexico Market Analysis
24.4.1. By Material Type
24.4.2. By Packaging Type
24.4.3. By Product Type
24.5. Germany Market Analysis
24.5.1. By Material Type
24.5.2. By Packaging Type
24.5.3. By Product Type
24.6. UK Market Analysis
24.6.1. By Material Type
24.6.2. By Packaging Type
24.6.3. By Product Type
24.7. Spain Market Analysis
24.7.1. By Material Type
24.7.2. By Packaging Type
24.7.3. By Product Type
24.8. France Market Analysis
24.8.1. By Material Type
24.8.2. By Packaging Type
24.8.3. By Product Type
24.9. Italy Market Analysis
24.9.1. By Material Type
24.9.2. By Packaging Type
24.9.3. By Product Type
24.10. Russia Market Analysis
24.10.1. By Material Type
24.10.2. By Packaging Type
24.10.3. By Product Type
24.11. China Market Analysis
24.11.1. By Material Type
24.11.2. By Packaging Type
24.11.3. By Product Type
24.12. Japan Market Analysis
24.12.1. By Material Type
24.12.2. By Packaging Type
24.12.3. By Product Type
24.13. India Market Analysis
24.13.1. By Material Type
24.13.2. By Packaging Type
24.13.3. By Product Type
24.14. GCC Countries Market Analysis
24.14.1. By Material Type
24.14.2. By Packaging Type
24.14.3. By Product Type
24.15. Australia Market Analysis
24.15.1. By Material Type
24.15.2. By Packaging Type
24.15.3. By Product Type
25. Market Structure Analysis
25.1. Market Analysis by Tier of Companies
25.2. Market Share Analysis of Top Players
25.3. Market Presence Analysis
26. Competition Analysis
26.1. Competition Dashboard
26.2. Competition Benchmarking
26.3. Competition Deep Dive
26.3.1. Amcor Plc
26.3.1.1. Overview
26.3.1.2. Product Portfolio
26.3.1.3. Profitability by Market Segments (Automation/Product/Region)
26.3.1.4. Sales Footprint
26.3.1.5. Strategy Overview
26.3.2. Sealed Air Corporation
26.3.2.1. Overview
26.3.2.2. Product Portfolio
26.3.2.3. Profitability by Market Segments (Automation/Product/Region)
26.3.2.4. Sales Footprint
26.3.2.5. Strategy Overview
26.3.3. Berry Global Inc.
26.3.3.1. Overview
26.3.3.2. Product Portfolio
26.3.3.3. Profitability by Market Segments (Automation/Product/Region)
26.3.3.4. Sales Footprint
26.3.3.5. Strategy Overview
26.3.4. Oji Holdings
26.3.4.1. Overview
26.3.4.2. Product Portfolio
26.3.4.3. Profitability by Market Segments (Automation/Product/Region)
26.3.4.4. Sales Footprint
26.3.4.5. Strategy Overview
27. Assumptions and Acronyms Used
28. Research Methodology
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Plant Based Meat Packaging Market
