A new report, “Meat, Poultry, and Seafood Packaging Market in the US 2015-2019,” from Research and Markets forecasts that the market will grow at a CAGR of 4.70% over the period 2014-2019.
Says the report, the meat, poultry, and seafood industry is fast-paced. However, the market in the U.S. is stagnant because of increased consumption of meat and beef. Meat, poultry, and seafood dealers always look for vendors that can provide packaging solutions with aesthetic appeal. This is critical in increasing sales by enhancing visibility. Meat, poultry, and seafood products are available in the market as fresh and frozen, ready-to-eat, and processed commodities.
The adoption of case-ready packaging is one of the major trends in the market, notes the report. It reduces expenditure on labor and operations and also increases the shelf life of packaged foods.
According to Research and Markets, the growing population and increased consumption of meat are the major drivers in the market. Meat is a good and cheap source of protein and constitutes a significant portion of the daily diet of people in the U.S. Further, the report states that the enforcement of stringent rules and regulations by the U.S. government is a major challenge in the market. The implementation of strict regulations pertaining to the manufacture, distribution, type, and category of meat, poultry, and seafood by administrative bodies has made it difficult for new players to enter the market and hinders the development of new packaging products.