Vacuum Skin Packaging Market is projected to be worth USD 33.7 Billion by 2027, registering a CAGR of 4.6% during the forecast period (2020 - 2027).
The Vacuum Skin Packaging Market will witness high expansion CAGR 5.80% in the forecast period. This type of packaging is having scope in the meat industry. There are numerous advantages of this skin packaging process in the meat sector. The launch of new Vacuum skin packaging machines is replacing the conventional packaging techniques. Especially the massive demand from the food market is a major contributor to growth. Effective protection from external elements and enhanced product appearance are a few benefits to name.
Also, there is an increase in shelf life, higher efficiency and less product loss are other advantages. These are the factors that will make the use of vacuum skin packaging more extensive. The key drivers of the market are demand from meat and vegetable markets. Further, the penetration of common types of vacuum skin packages is another crucial reason for high demand. Shrink bags, side seal bags, and tubular bags are segmentations that have huge adoption among industries.
Increasing disposable income is a driving factor in developing nations. China, India and other countries will have increased usage in upcoming years. The investments from the developed countries are responsible for more growth opportunities in the next few years. All these are a factor that will contribute to the surging growth of the market.
The global vacuum skin packaging market is segmented based on material and application. On the basis of material, the global vacuum skin packaging market is segmented into PE, PP, PVC,and others. The PE segment is expected to dominate the global market as this type of plastic is approved by the FDA and health-safety agencies throughout the world. It is a very strong and inert material that does not react with foods, is resistant to attack by micro-organisms, and will not degrade biologically.
On the basis of application, the global vacuum skin packaging market is segmented into meat, poultry, cheese, and others. The meat segment holds the maximum market share. Meat is an animal’s tissue, which is consumed by humans as food. The meat segment comprises beef, pork, mutton, and veal.
The key players operating in the global vacuum skin packaging market are DuPont (US), Amcor Limited (Australia), Sealed Air (US), Berry Global Inc. (US), LINPAC Packaging Limited (UK), Bemis Company Inc. (US), G. Mondini SA (Italy), Green Packaging Material (Jiangyin) Co., Ltd. (China), Plastopil Hazorea Company Ltd. (Israel).
Region-specific analysis of the global vacuum skin packaging market spans across North America, Europe, Asia-Pacific (APAC), and the rest of the world.
Global Vacuum Skin Packaging Market, by Region, 2017
Source: MRFR Analysis
In Asia-Pacific, factors such as the increasing population, rising demand for packaged food items, and rapid industrialization in developing economies are expected to propel the market in the region. Additionally, the rising per capita disposable income and changing preferences and lifestyle of consumers also have a positive influence on the growth of the market in the region. China, India, and Japan are the key countries that contribute significantly to the vacuum skin packaging market in the region. Moreover, many global companies operating in the food industry have set up their factories in developing economies such as China and India. Such factors raise the demand for vacuum skin packaging in the region.
The global vacuum skin packaging market has been segmented based on material, application, and region. On the basis of material, the global market is segmented into PE, PP, PVC,and others. The PE segment is expected to dominate the global vacuum skin packaging market due to its inert properties that do not react with foods. It is also resistant to attack by micro-organisms and will not degrade biologically.
In 2017, Sealed Air introduced its new packaging products Cryovac, OptiDure for fresh red meat as well as for smoked and processed meats. The packaging technology is best fit for ready-to-eat meats that conveniently suit busy lifestyles.Recent Development
Südpack is a German-based company that is launching a new skin vacuum concept. This recyclable product is gaining certification for its use in new products. Also, this product is experiencing more research due to its exceptional features. Also, it is now Grade A product that will have more demand in various industries.
Topan printing is a firm famous for its new food packaging system. It is a suitable product for communication, décor, packaging and electronic solution. This is known as the green flat product that is replacing plastic-based Vacuum skin packages. The supply of this new product is expected to start on the full scale within a few years.
|Market Size||2030: Significant Value|
|CAGR||5.80% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||DuPont (US), Amcor Limited (Australia), Sealed Air (US), Berry Global Inc. (US), LINPAC Packaging Limited (UK), Bemis Company Inc. (US), G. Mondini SA (Italy), Green Packaging Material (Jiangyin) Co., Ltd. (China), Plastopil Hazorea Company Ltd. (Israel).|
|Key Market Opportunities||Growing population of the region and Increasing per capita disposable income|
|Key Market Drivers||
The escalation in population-level globally is expected to motivate the market substantially.
The initial set up costs are estimated to hold back the market.
Berry Global Inc. (US), Bemis Company Inc. (US), G. Mondini SA (Italy), LINPAC Packaging Limited (UK), are the companies that can draw from the development of the market.
The Asia Pacific is estimated to create a noticeable mark on the global market.
A 5.80% CAGR is estimated to open up avenues for progress.
A prominent level of income is anticipated from the global market.
The segments of material, application, and region are created to understand factors spurring the global market.