Skin Packaging Market 2018 Estimated to Lock an Ineffaceable Growth | 5% CAGR Through 2023

Global Skin Packaging Market Information by Material (Paper & paperboard, LDPE, PVC, and others), by Application (Food, Consumer goods, Industrial goods, and others) and Region - Forecast to 2022

Market Scenario:

Skin packaging acts as a safeguard from various adverse conditions such as humidity, mechanical hazards, temperature, and others. The skin packaging are widely used in various sectors such as food, retail, industrial goods, and others. Food industry has a prominent market for skin packaging in various categories such as ready to eat products, fresh meats, bakery, vegetables, fruits, and others. The reason for the growth of the market is increasing demand for packaged foods, increases shelf life of food product, cost efficiency and space saving packaging. Moreover, stringent regulations regarding packaging waste is expected to boost the market as skin packaging which requires less resource for packaging. The global skin packaging market is expected to cross USD 10 Billion at CAGR of around 5% by 2022.

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Key Players:

Bemis Company Inc., Berry Plastics Group Inc., Sealed Air Corporation, LINPAC, Reynolds Flexible Packaging, The DOW Chemical Company, Westrock Company, Clondalkin Group Holdings B.V., Linpac Packaging Limited, Display Pack Inc., and G. Mondini SPA., and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Skin Packaging market.

Industry/ Innovation/ Related News:

The key strategies followed by most companies within the global Skin Packaging Market are that of new product development.

On April 29, 2016, Bemis Company Inc. acquired medical device packaging operation of SteriPack Group. This acquisition will diversify their presence in Ireland as well as it will strengthen its packaging production assets in Malaysia and the U.S.

In 2015, Berry Plastics Group, Inc. acquired AVINTIV Inc. from private equity funds managed by The Blackstone Group LP for approximately USD 2.45 Million.

Skin Packaging Market – Segmentation

The global skin packaging market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Material: Comprises Paper & paperboard, LDPE, PVC, and others

Segmentation by Application: Comprises Food, Consumer goods, Industrial goods, and others

Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

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Skin Packaging Market: Regional Analysis

According to the North American Meat Institute (NAMI), the meat and poultry industry is the largest segment of U.S. agriculture. Total meat and poultry production in 2012 reached more than 93 billion pounds. There is an immense need for proper packaging of such meat products, which will ensure longer shelf life of the meat products. For this reason, skin packaging market is gaining traction in the U.S. region. Europe has accounted for the second largest share in global skin packaging market, owing to large packaged and processed food demand. According to the European Commission, export growth was strongest for meat and dairy products between 2010 and 2011. The increasing need for proper packaging of meat and dairy products, has led to high growth of the skin packaging market.

APAC is expected to experience the fastest growth during the forecasted
period due to the economic growth of China and India. The rising population of the region, along with high disposable income and the demand for safe & hygienic packaging of products are factors driving the growth of the vacuum packaging market in this region.

Product Analysis

• Product matrix which gives a detailed comparison of the market for different recycled product types

Additional Information

• Regulatory Landscape
• Pricing Analysis
• Macroeconomic Indicators

Geographic Analysis

• Geographical analysis across 15 countries

Company Information
• Profiling of 10 key market players
• In-depth analysis including SWOT analysis, and strategy information of related to report title
• Competitive landscape including emerging trends adopted by major companies

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