Skin Packaging Market 2018-2023 Worldwide Overview By Polypropylene Packaging, Polyethylene Packaging, Polyvinyl Chloride Packaging | Leading Players - Bemis, Berry Global, LINPAC, Sealed Air, DOW Chemical, Mondini, Reynolds, Westrock

Skin Packaging Market Global Market – Overview

Skin packaging is a technique of packaging in which the product packed in a plastic film, after removal of air from the package. The skin packaging has either a rigid or semi-rigid bottom web which facilitates the holding of the products in place. Vacuum skin packaging ensures longer shelf life of the product and is majorly used for storing dry foods such as meat, cheese and cereals among others. It can also be used for storing of fresh fruits and vegetables for a short duration without the use of preservatives. According to a recent study report published by the Market Research Future, The global market of Skin Packaging market is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2022).

The meat consumption has continued to rise in the U.S., European Union, and developed world. There is seen a shift toward poultry from meat, however red meat still represents the largest proportion of meat consumed in the U.S. According to National Centre for Biotechnology Information (U.S.), twenty-two percent of the meat consumed in the U.S. is processed. The demand for meat in developing countries continues to grow as the production and consumption of meat increases with increasing disposable income. There is seen a shift in the dietary pattern in developing countries which is marked by high meat consumption. This drives the demand of packaging material and technology for the meat, poultry and seafood packaging. The packaging is essentially required to extend the shelf life of raw, processed and ready-to-eat meat, poultry and seafood products.

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With the increasing adoption of convenience shopping, the retail sector is growing rapidly. The retail sector is booming, owing to factors such as favourable demographics, rising consumer incomes and real estate developments, especially the emergence of new shopping malls. With the emergence of consumerism, the retailer faces a more knowledgeable and demanding consumer. As the business exists to satisfy consumer needs, the growing consumer expectation has forced retail organizations to set up more number of retail outlets. This has pushed the demand for packaging across the vegetables, fruits, and meat and poultry products.

There is seen an expanding role of government and other agencies to ensure food safety on a global platform. Government agencies are responsible for setting food safety standards, conducting inspections, ensuring that standards are met, and maintaining a strong enforcement program to deal with those who do not comply with standards. The Food Safety Modernization Act (FSMA), enables the Food and Drug Administration (FDA) to better protect public health by strengthening the food safety system. This also includes packaging and product information. Food labelling is under the jurisdiction of the FDA and the relevant Federal laws are the Food, Drug, and Cosmetic Act (FDCA) and the Fair Packaging and Labelling Act. In addition, the Nutrition Labelling and Education Act (NLEA), which amended the FDCA, requires most foods to carry nutrition labelling and requires food labels that carry nutrient content claims and certain health messages to comply with specific requirements.

Additionally, flexible packaging materials sold in the U.S. must also comply with federal safety regulations under the framework of laws and regulations, such as The Consumer Product Safety Improvement Act (CPSIA), The Consumer Product Safety Act (CPSA), The Federal Hazardous Substances Act (FHSA), and The Toxic Substances Control Act (TSCA).

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.

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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.

Global Skin Packaging Market

Packaging is universally acknowledged as a noteworthy factor for brand holders to market their products on e-commerce platforms and at retail stores. The meat shelves in the supermarket have constantly been a very traditional and sedate part, which offers marginal prospect to distinguish the brand. Appealing consumers’ attention has been a solitary reason for accepting skin packaging, among other things. The ancillary sticking of vacuum skin packaging is visually alluring meat and seafood packages. They also help to diminish the movement of liquids inside the packet, for a mouth-watering and attractive appearance of the package.

The skin packaging market is segmented into four prominent regions of the world, which are North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is the largest skin packaging market trailed by Europe. Emerging economies like China, India, and Japan are anticipated to demonstrate express growth in the food industry leading to the evolution of skin packaging market. The development in the region is driven by the rapid urbanization and growing food consumption. The Asia Pacific region is accounted for around 35%-40% share of the global skin packaging market.

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