In 2015, the global fresh meat packaging market was evaluated at $1.92 billion. A new report from Transparency Market Research estimates that from 2016 to 2026, the market will grow at a 2.30% CAGR to reach $2.47 billion by the end of 2026. According to the report, one notable driver of this growth is vacuum skin packaging, which is predicted to lead the market with a 32% share of the total revenue by year-end 2026. Occupying the leading position in the global market is North America, which TMR says will hold 36% of the total revenue share during the forecast period.
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