Global Chub Packaging Market is expected to reach US$ XX Mn by 2026 from US$ XX Mn in 2019 at a CAGR of 5.5 % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Chub Packaging Definition:
A chub or a chub pack is a type of container formed by a tube of flexible packaging material. The cylindrical package has the appearance of a sausage with the ends sealed by metal crimps or clips.
Global Chub Packaging Market Dynamics:
There is a growing demand by consumers for meat and meat products perceived as tender, nutritious, healthy, and safe. Meat quality and safety properties are highly dependent on the applied packaging materials and technologies. The fundamental reasons for packaging fresh and processed meat products are to prevent contamination, delay spoilage, permit some enzymatic activity to improve tenderness, reduce weight loss, and retain color and aroma.
Based on this, current meat packaging practices range from overwrap packaging for short-term chilled storage and/or retail display, to vacuum packaging, bulk-gas flushing, or modified atmosphere packaging (MAP) systems for long-term chilled storage, each with different attributes and applications is considered important, which have driven the growth of the Global Chub Packaging Market.
Increasing development of new packaging technologies and materials have been developed including active packaging, intelligent packaging, edible coatings/films, biodegradable packaging, and nanomaterial packaging, which have boosted the growth of the Global Chub Packaging Market. These technologies and materials have the potential to ensure food quality and safety, prolong shelf life, reduce environmentally.
It protects the product from the plant floor through product distribution minimizing damage, leakers, and repacks. Abuse shrink bag, with its puncture resistance it can substitute much thicker competitive materials in applications where high shrinkage is not requested and achieve the lowest leaker rates. Active packaging is a type of high abuse shrink bag, which helps extend the shelf life of food products by extending product quality and increasing safety, protecting against intentional and unintentional contamination, and enhancing the convenience of food processing, distribution, retailing, and consumption.
Active packaging systems achieve this by including constituents intentionally added to enhance the performance of the packaging. Active packaging technologies have several applications, which have been commercialized and used in the food industry. An increase in product shelf life can provide greater chilled market access both domestically and export for value-added fresh red meat products and reduce the clearances and dump markdown rates of spoilt products.
Consumers continue to purchase and consume ground beef. However, they are paying more attention to packaging in regards to food safety concerns. Several factors explain the remarkable upsurge in ground beef consumption: beef consumption, including price differentiation between beef cuts and ease of use for quick meals at home. In particular, ground beef is one of the less expensive meats and allows consumers to prepare a protein-rich meal for themselves or their family members without the need for pre-planning or long preparation time, which have increased the demand for Global Chub Packaging Market.
Food processors are challenged with the growing need to reduce plastic and produce packs that are strong enough to protect food in various food channels and long distribution chains. Also, a rise in the prices of meat products can reduce the consumption of meat by people, which acts as a challenge to the Global Chub Packaging Market.
Global Chub Packaging Market Segment Analysis:
The report groups the Global Chub Packaging Market in different segments By Material Type, end-use and region to forecast the revenues and analyze the market share of each segment over the forecast period.
Global Chub Packaging Market
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Based on material type, the Global Chub Packaging Market is segmented into Polypropylene, Polyethylene (PE), Multilayer nylon, Polyvinylidene chloride, Polyethylene terephthalate (PET) and Other. The Polypropylene segment was dominant in 2019 and is expected to command a market share of xx% by 2026. The major raw materials used in the manufacturing of bags are HDPE or PP granules, which can hold heavy materials. HDPE refers to High-Density Polyethylene, which has replaced the ancient tradition of using jute bags. All polythene bags are fully recyclable and of food-grade quality, which means they are completely safe to use with consumable products. Polythene packing solutions offer a comprehensive choice of bags designed for light, medium, and heavy-duty use, in a wide variety of sizes.
Based on end use, the Global Chub Packaging Market is segmented into Fresh Meat, Frozen Fish and Sea Food, Non-gassing Cheese, Non-ripening cheese, and Others. The Fresh Meat segment was dominant in 2019 and is expected to command a market share of xx% by 2026.
Global Chub Packaging Market Regional Insights:
Global Chub Packaging Market 1
The Asia Pacific is expected to command the largest market share of xx% by 2026
In the Asia Pacific, the Australian red meat industry is considered the world's largest exporter of beef (20% of total world exports) and sheep meats (36% of total world exports). Red meat production is also the economic contributor to the Australian farm and fisheries food production industry after grains, with a value of about 13.3 billion Australian dollars in the 2012 and 2013 financial year. Therefore, research and application of appropriate packaging technology are critical to the meat industry, which is expected to boost the growth of the Global Chub Packaging Market in the region.
The objective of the report is to present a comprehensive analysis of the Global Chub Packaging Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Chub Packaging Market dynamics, structure by analyzing the market segments and projects the Global Chub Packaging Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Chub Packaging Market make the report investor’s guide.
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Global Chub Packaging Market Key Players
• Cargill Corporation
• Henry & Sons and Qingdao Haide Packaging Co., Ltd.
• Plastopil Hazorea Co. Ltd.
• Kendall Packaging Corporation
• Sealed Air Corporation
• Coveris Holdings SA
• R.A Jones Group Ltd
• Berry Plastics Corporation
• Bemis Company
• Flexopack S.A.
• Inteplast Group
• HOVUS Incorporated
• Alcan Packaging Food Americas
• Plastopil BV
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