The fresh-meat packaging market is projected to grow at a 2.3 percent compound annual growth rate (CAGR) to reach $2.47 billion in 2026, according to a report by Transparency Market Research, in Albany, N.Y. Much of this growth will be for products in flexible packaging due to the rising demand for modified-atmosphere packaging (MAP), ready-to-eat snacks and vacuum skin packaging (VSP).
In fact, the report predicts VSP will drive market growth and capture a 32 percent share of total revenue by 2026. Demand for VSP, which is divided between form-fill-seal and fill-seal options, is driven by increasing sales of chicken and fresh seafood products. Advantages of VSP include product differentiation and color preservation.