Press release
USD 18,392 Mn Vacuum Skin Packaging Market Synopsis and Highlights : 5.77% CAGR with Key Findings, Major Companies Analysis and Forecast to 2023
Market Scenario
Vacuum packaging is a technique predominantly used in the food industry with the intension of reducing or preventing the spoilage of food which may otherwise result in the loss of taste and in its textural quality. Furthermore, vacuum skin packaging effectively maintains the nutritional value of food. Increasing consumption of meat and poultry is the primary driving factor of the market. Additionally, growth in the retail sectors/increasing number of retails outlets also fuelling the growth of the market. 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. However, stringent regulations on packaging material waste and recycling is the factor that may hamper the growth of the market.
The global vacuum skin packaging market is expected to reach USD 18,392 million by 2023 with a CAGR of 5.77%.
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Regional Analysis of Global Vacuum Skin Packaging Market
On basis of region, Asia-Pacific accounted for the largest market share of 36.26% in 2016, and is projected to grow at the highest CAGR of 6.08% during the forecast period. 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. North America was the second-largest market in 2016, valued at USD 3,889.2 million in 2016.
Key Players
The key players of global vacuum skin packaging markets are Bemis Company Inc. (U.S.), Berry Global Group, Inc. (U.S.), LINPAC Packaging Limited (U.K.), Amcor Ltd. (Australia), Sealed Air Corporation (U.S.), DuPont (U.S.), G. Mondini SA (Italy), Green Packaging Material (Jiangyin) Co., Ltd. (China) and others.
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BRIEF TOC:
1. EXECUTIVE SUMMARY
2. RESEARCH METHODOLOGY
3. MARKET DYNAMICS
4. GLOBAL VACUUM SKIN PACKAGING MARKET, BY MATERIAL
5. GLOBAL VACUUM SKIN PACKAGING MARKET, BY PRODUCT
6. GLOBAL VACUUM SKIN PACKAGING MARKET, BY APPLICATION
7. REGIONAL MARKET ANALYSIS
8. COMPETITIVE ANALYSIS
9. CONCLUSION
10. LIST OF TABLES
11. LIST OF FIGURES
The report for Global Vacuum Skin Packaging market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Akash Anand,
Market Research Future
Pune – 411028
Maharashtra, India
Phone No. :+1 646 845 9312
Email: sales@marketresearchfuture.com
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