Global Skin Packaging Market Share, Growth, Trend Analysis and Forecast from 2020-2023; Consumption Capacity by Volume and Production Value – Bulletin…

Posted: August 21, 2020 at 12:56 pm

Global Skin Packaging Market industry is anticipated to an extensive growth during the forecast period 2018-2023. Skin Packaging Market report provides in detail analysis of market with revenue growth and upcoming trends. report contains the forecasts, market size, share estimates and profiles of the leading industry Players.

Skin Packaging Market research report provides derived key statistics, based on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Skin Packaging industry. The report is a reliable analysis of current scenario of the market, which covers several market dynamics.

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The global skin packaging market is estimated to be worth USD 8.08 billion in 2018, and is projected to reach USD 11.05 billion by 2023, at a CAGR of 5.36% during the forecast period (2018 2023). The scope of the report is limited to type of end-user vertical, such as fast-moving consumer goods, and retail, among others. The regions considered in the scope of the report include North America, Europe, Asia-Pacific, and Rest of the World.

Skin packaging is a process where heated film is draped over a product, and a vacuum is utilized to draw the film down onto the package, creating a secure and attractive package. It is a low-cost packaging option, and is used to protect the products during shipments, and display the products. Packaging, in smaller volume, is the trend that is observed lately. Increasing the shelf life has been the major goal of packaging companies, and therefore fresh products are increasingly packaged in skin films. The modern lifestyle of consumers has been forcing them to try to save time and money, which resulted in increasing demand for ready-to-eat products. This trend has encouraged the packaging companies to come up with diverse options for consumers, thereby driving the sales of packaging applications lucratively.

Asia-Pacific to Dominate the Food Industry

The food market in Asia-Pacific region was estimated to be USD 885.2 billion in 2016 and is projected to reach USD 1,216.5 billion by 2021, registering a CAGR of 6.6%. The sub-sectors that are expected to use skin packaging the most include- meat products & sausages, processed fish & seafood, and processed vegetables & fruits.

Packaging is globally accepted as a significant parameter for brand owners to market their products at stores and on e-commerce platforms. The meat counters in stores have always been a very traditional and staid part, which offers minimal opportunity to differentiate the brand. Captivating consumers attention has been one of the reasons for adopting skin packaging, among others. The secondary sealing of vacuum skin packaging is visually appealing for seafood and meat packagers. They also help to minimize the migration of liquids inside the packaging, for an appetizing and appealing presentation of the package.

Downsizing of Packaging to Drive the Growth of Skin Packaging Market

Due to globalization, increasing middle-class population, and changing lifestyles of people, there has been a huge demand in the packaging market. In the recent times, there has been a rising demand for miniaturization of packaging, due to the ready-to-eat convenience for customers. Due to an increase in the cost of raw materials, the size of food packaging has been shrinking. In every economic downturn, companies have been either reducing the size of the products or increasing the price of same-sized products. Consumers have become increasingly aware of the significance of recycling. Skin packaging, which is basically a combination of cardboard and plastic, can be separated after use. Smaller packages being environment-friendly, portable, and healthy, are preferred over bigger packages. As consumers are more sensitive to change in prices than that of quantity, companies opt for reducing the size of packages. Due to this extreme downsizing of packages, the skin packaging market (both vacuum and thermoforming) has undergone a fast-paced transformation.

Key Developments in the Market

August 2017 Sealed Air Corporation introduced OptiDure packaging technology combining two critical features: high-abuse resistance and abrasion protection, and will impact the fresh red meat, as well as smoked and processed meat segments February 2017 Lintop launched LINTOP SKIN FILM range to enhance the performance and shelf-appeal of products. February 2017 Clondalkin Flexible Packaging (CFP) launched an innovative stand up pouch with extended shelf life properties

Major Players: SEALED AIR CORPORATION, BERRY PLASTICS GROUP INC., BEMIS COMPANY INC., and WEST ROCK COMPANY, amongst others.

Major Regions: Argentina, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Rest of Asia-Pacific, Rest of Europe, Rest of Middle East & Africa, Rest of North America, Rest of South America, Saudi Arabia, South Africa, South Korea, Spain, UK, US

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Major Points Covered in Table of Content of Skin Packaging Market forecast 2023

1. Introduction of Skin Packaging Market Report

1.1 Study Deliverables

1.2 General Study Assumptions

2. Research Methodology

2.1 Introduction

2.2 Analysis Methodology

2.3 Study Phases

2.4 Econometric Modelling

3. Executive Summary

4. Market Overview and Skin Packaging Market Trends

4.1 Introduction

4.2 Market Trends

4.3 Porters Five Force Framework

4.3.1 Bargaining Power of Suppliers

4.3.2 Bargaining Power of Consumers

4.3.3 Threat of New Entrants

4.3.4 Threat of Substitute Products and Services

4.3.5 Competitive Rivalry within the Industry

5. Skin Packaging Market Dynamics

5.1 Drivers

5.2 Restraints

5.3 Opportunities

6. Global Skin Packaging Market, Segmented by Size

7. Global Skin Packaging Market, Segmented by Technology Type

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8. Global Skin Packaging Market, Segmented by Geography

8.1 North America

8.1.1 United States

8.1.2 Canada

8.1.3 Mexico

8.1.4 Others

8.2 South America

8.2.1 Brazil

8.2.2 Argentina

8.2.3 Others

8.3 Asia-Pacific

8.3.1 China

8.3.2 Japan

8.3.3 India

8.3.4 Others

8.4 Europe

8.4.1 United Kingdom

8.4.2 Germany

8.4.3 France

8.4.4 Others

8.5 Africa and Middle East

8.5.1 UAE

8.5.2 South Africa

8.5.3 Saudi Arabia

8.5.4 Others

9. Competitive Landscape

9.1 Introduction

9.2 Market Share Analysis

9.3 Developments of Key Players

10. Key Vendor Analysis (Overview, Products & Services, Strategies)

11. Future Outlook of the Market

12. Disclaimer

And Many More.

For Detail TOC Click Here

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