Skin Packaging Global Market Exhibit a Remarkable CAGR of 5.8% and is expected to reach $14.77 Billion By 2028 | Berry Global, Amcor PLC, ProAmpac, Ampac Group, Flexopack SA

"The Business Research Company has released its latest global market reports, covering insights for 2024 and offering projections up to 2033.

The Business Research Company presents an extensive market research report on the Skin Packaging Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The skin packaging market size has grown strongly in recent years. It will grow from $11.09 billion in 2023 to $11.78 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to retail industry demand, product visibility and display, cost-effective packaging, customization and branding opportunities, food industry compliance.

The skin packaging market size is expected to see strong growth in the next few years. It will grow to $14.77 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to e-commerce packaging solutions, increased focus on recyclability, globalization of retail chains, rising consumer preferences for freshness, rising consumer preferences for freshness. Major trends in the forecast period include technological advancements in packaging machinery, innovations in material technology, modified atmosphere packaging (map), advanced printing and graphic design, integration of smart packaging technologies, customization and brand differentiation.

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Key Market Players:

Major companies operating in the skin packaging market report are Dow Chemical Company, Westrock Company, Berry Global, Amcor PLC, Tetra Pak International SA, Sealed Air Corporation, MULTIVAC Sepp Haggenmüller SE & Co. KG, Windmöller & Hölscher, Bemis Company, Inc, ProAmpac, Ampac Group, Flexopack SA, Linpac Packaging Limited, Gruppo Fabbri, G.Mondini SPA, Display Pack Inc., Stamar Packaging, Schur Flexibles Group, PAC Machinery, Clondalkin Group, Universal Plastic Bag Co., KM Packaging Services Ltd, Solidus Communications Inc., Plastopil Hazorea Co. Ltd, Shawnee Chemical

Market Drivers:

Growing demand for the food industry is expected to propel the growth of the skin packaging market going forward. The food industry encompasses the production, processing, distribution, and consumption of food products. Skin packaging, known for its ability to provide a protective and visually appealing covering for food products, is favored in the food industry for its ability to enhance product visibility and freshness. For instance, in September 2022, according to a report published by Statistics Sweden, a Sweden-based government agency, sales of food and beverages increased by 2.9% to $29.85 billion (SEK 334 billion) in 2022. Therefore, the growing demand for the food industry is driving the growth of the skin packaging market.

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https://www.thebusinessresearchcompany.com/report/skin-packaging-global-market-report

The skin packaging market covered in this report is segmented -
1) By Type: Carded Skin Packaging, Non-Carded Skin Packaging
2) By Base Material: Plastic Films, Paper and Paperboard, Polyethylene, Base Materials
3) By Application: Food, Consumer Goods, Industrial Goods

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