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
