Vacuum Skin Packaging Market Research Report - Global Forecast till 2027

Vacuum Skin Packaging Market: Information by Material (Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC) and others), by Application (Meat, Poultry, Cheese and others) and by Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast to 2027

ID: MRFR/PNT/1993-CR | June 2019 | Region: Global | 93 pages

Overview of Vacuum Skin Packaging Market


The global vacuum skin packaging market is expected to expand at 5.77% CAGR during the forecast period.  


The global vacuum skin packaging market is projected to register substantial growth during the forecast period. Asia-Pacific is expected to be the leading region in the vacuum skin packaging market due to the growing population of the region, increasing per capita disposable income, and the need for safe and hygienic packaging methods. Furthermore, the rapid economic growth of countries such as China and India fuelling the vacuum skin packaging market in the region during the forecast period.


In 2017, North America held the second largest market share in the vacuum skin packaging market. It has registered significant growth due to the presence of a number of end-use industries in this region.


Segmentation


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.


Key Competitors


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).


Regional Analysis


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  Vacuum Skin Packaging Market_Image


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.


Synopsis


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.


Market Segmentation



  • By Material – Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), and Others

  • By Application – Meat, Poultry, Cheese, and Others


Key Questions Addressed by the Report

  • What was the historic market size (2017)?

  • Which segmentation (Material/Application) is driving market?

  • What will be the growth rate by 2023?

  • How are the key players in this market?

  • What are the strategies adopted by key players?



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   5.77% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  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

  • Need for safe and hygienic packaging methods.
  • Increased consumption of meat and poultry
  • Increased government policies regarding food safety
  • Rapid economic growth of countries


  • Frequently Asked Questions (FAQ) :


    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 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.

    1 Executive Summary

    2 Introduction

    2.1 Definition

    2.2 Scope of the Study

    2.3 Assumptions

    2.4 Market Structure

    3 Research Methodology

    3.1 Research Process

    3.2 Primary Research

    3.3 Secondary Research

    3.4 Market Size Estimation

    3.5 Forecast Model

    4 Market Dynamics

    4.1 Drivers

    4.1.1 Increasing Consumption of Meat and Poultry

    4.1.2 Growth in the Retail Sectors/Increasing Number of Retails Outlets

    4.1.3 Increased Government Policies Regarding Food Safety

    4.2 Impact Analysis

    4.3 Restraints

    4.3.1 Added Cost of the Products

    4.3.2 Stringent Regulations on Packaging Material Waste and Recycling

    4.4 Impact Analysis

    4.5 Opportunities

    4.5.1 Preference to Bio-Degradable and Recyclable Packaging

    4.5.2 Integration with Smart Packaging Techniques

    5 Market Factor Analysis

    5.1 Porter's Five Forces Analysis

    5.1.1 Threat of New Entrants

    5.1.2 Bargaining Power of Suppliers

    5.1.3 Bargaining Power of Buyers

    5.1.4 Threat of Substitutes

    5.1.5 Segment Rivalry

    5.2 Value Chain Analysis

    5.2.1 Raw Material Supply

    5.2.2 Manufacture

    5.2.3 Distribution

    5.2.4 End-Use

    6 Global Vacuum Skin Packaging Market, by Material

    6.1 Polyethylene (PE)

    6.2 Polypropylene (PP)

    6.3 Polyvinyl Chloride (PVC)

    6.4 Others

    7 Global Vacuum Skin Packaging Market, by Application

    7.1 Introduction

    7.2 Meat

    7.3 Poultry

    7.4 Cheese

    7.5 Others

    8 Global Vacuum Skin Packaging Market, by Region

    8.1 Introduction

    8.2 North America

    8.2. 1 US

    8.2.2 Canada

    8.3 Europe

    8.3.1 Germany

    8.3.2 UK

    8.3.3 France

    8.3.4 Spain

    8.3.5 Italy

    8.3.6 Rest of Europe

    8.4 APAC

    8.4.1 China

    8.4.2 Japan

    8.4.3 India

    8.4.4 Rest of APAC

    8.5 Rest of the World (RoW)

    8.5.1 South America

    8.5.2 Middle East & Africa

    9 Competitive Scenario

    9.1 Competitive Landscape

    10 Company Profiles

    10.1 DuPont

    10.1.1 Company Overview

    10.1.2 Financial Overview

    10.1.3 Products/Services Offered

    10.1.4 Key Strategies

    10.1.5 SWOT Analysis

    10.2 Amcor Ltd.

    10.2.1 Company Overview

    10.2.2 Financial Overview

    10.2.3 Products/Services Offered

    10.2.4 Key Strategies

    10.2.5 SWOT Analysis

    10.3 Sealed Air Corporation

    10.3.1 Company Overview

    10.3.2 Financial Overview

    10.3.3 Products/Services Offered

    10.3.4 Key Strategies

    10.3.5 SWOT Analysis

    10.4 Berry Global Group, Inc.

    10.4.1 Company Overview

    10.4.2 Financial Overview

    10.4.3 Products/Services Offered

    10.4.4 Key Strategies

    10.4.5 SWOT Analysis

    10.5 Bemis Company Inc.

    10.5.1 Company Overview

    10.5.2 Financial Overview

    10.5.3 Products/Services Offered

    10.5.4 Key Strategies

    10.5.5 SWOT Analysis

    10.6 Linpac Packaging Limited

    10.6.1 Company Overview

    10.6.2 Financial Overview

    10.6.3 Products/Services Offered

    10.6.4 Key Strategies

    10.7 G. Mondini SpA

    10.7.1 Company overview

    10.7.2 Financial Overview

    10.7.3 Products/Services Offered

    10.7.4 Key Strategies

    10.8 Green Packaging Material (Jiangyin) Co., Ltd

    10.8.1 Company Overview

    10.8.2 Financial Overview

    10.8.3 Products/Services Offered

    10.8.4 Key Strategies

    10.9 Plastopil Hazorea Company Ltd

    10.9.1 Company Overview

    10.9.2 Financial Overview

    10.9.3 Products/Services Offered

    10.9.4 Key Strategies

    11 List of Tables

    Table 1 Global Vacuum Skin Packaging Market, by Material, 2020-2027 (USD Million)

    Table 2 Global Vacuum Skin Packaging Market, by Application, 2020-2027 (USD Million)

    Table 3 Global Vacuum Skin Packaging Market, by Region, 2020-2027 (USD Million)

    Table 4 North America: Vacuum Skin Packaging Market, by Country, 2020-2027(USD Million)

    Table 5 North America: Vacuum Skin Packaging Market, by Material, 2020-2027(USD Million)

    Table 6 North America: Vacuum Skin Packaging Market, by Application, 2020-2027(USD Million)

    Table 7 US: Vacuum Skin Packaging Market, by Material, 2020-2027 (USD Million)

    Table 8 US: Vacuum Skin Packaging Market, by Application, 2020-2027 (USD Million)

    Table 9 Canada: Vacuum Skin Packaging Market, by Material, 2020-2027 (USD Million)

    Table 10 Canada: Vacuum Skin Packaging Market, by Application, 2020-2027 (USD Million)

    Table 11 Europe: Vacuum Skin Packaging Market, by Country, 2020-2027 (USD Million)

    Table 12 Europe: Vacuum Skin Packaging Market, by Material, 2020-2027 (USD Million)

    Table 13 Europe: Vacuum Skin Packaging Market, by Application, 2020-2027 (USD Million)

    Table 14 Germany: Vacuum Skin Packaging Market, by Material, 2020-2027 (USD Million)

    Table 15 Germany: Vacuum Skin Packaging Market, by Application, 2020-2027 (USD Million)

    Table 16 UK: Vacuum Skin Packaging Market, by Material, 2020-2027 (USD Million)

    Table 17 UK: Vacuum Skin Packaging Market, by Application, 2020-2027 (USD Million)

    Table 18 French Meat Production, Consumption and Export Sales, 2013 (in Thousands of Tonnes CWE)

    Table 19 France: Vacuum Skin Packaging Market, by Material, 2020-2027 (USD Million)

    Table 20 France: Vacuum Skin Packaging Market, by Application, 2020-2027 (USD Million)

    Table 21 Spain: Vacuum Skin Packaging Market, by Material, 2020-2027 (USD Million)

    Table 22 Spain: Vacuum Skin Packaging Market, by Application, 2020-2027 (USD Million)

    Table 23 Italy: Vacuum Skin Packaging Market, by Material, 2020-2027 (USD Million)

    Table 24 Italy: Vacuum Skin Packaging Market, by Application, 2020-2027 (USD Million)

    Table 25 Rest of Europe: Vacuum Skin Packaging Market, by Material, 2020-2027(USD Million)

    Table 26 Rest of Europe: Vacuum Skin Packaging Market, by Application, 2020-2027(USD Million)

    Table 27 APAC: Vacuum Skin Packaging Market, by Country, 2020-2027 (USD Million)

    Table 28 APAC: Vacuum Skin Packaging Market, by Material, 2020-2027 (USD Million)

    Table 29 APAC: Vacuum Skin Packaging Market, by Application, 2020-2027 (USD Million)

    Table 30 China: Vacuum Skin Packaging Market, by Material, 2020-2027 (USD Million)

    Table 31 China: Vacuum Skin Packaging Market, by Application, 2020-2027 (USD Million)

    Table 32 Japan: Vacuum Skin Packaging Market, by Material, 2020-2027 (USD Million)

    Table 33 Japan: Vacuum Skin Packaging Market, by Application, 2020-2027 (USD Million)

    Table 34 India’s Exports of Meat and Meat Products

    Table 35 India: Vacuum Skin Packaging Market, by Material, 2020-2027 (USD Million)

    Table 36 India: Vacuum Skin Packaging Market, by Application, 2020-2027 (USD Million)

    Table 37 Rest of APAC: Vacuum Skin Packaging Market, by Material, 2020-2027 (USD Million)

    Table 38 Rest of APAC: Vacuum Skin Packaging Market, by Application, 2020-2027(USD Million)

    Table 39 Rest of the World: Vacuum Skin Packaging Market, by Region, 2020-2027 (USD Million)

    Table 40 Rest of the World: Vacuum Skin Packaging Market, by Material, 2020-2027 (USD Million)

    Table 41 Rest of the World: Vacuum Skin Packaging Market, by Application, 2020-2027 (USD Million)

    Table 42 South America: Vacuum Skin Packaging Market, by Material, 2020-2027(USD Million)

    Table 43 South America: Vacuum Skin Packaging Market, by Application, 2020-2027(USD Million)

    Table 44 The Middle East & Africa: Vacuum Skin Packaging Market, by Material, 2020-2027 (USD Million)

    Table 45 The Middle East & Africa: Vacuum Skin Packaging Market, by Application, 2020-2027 (USD Million)

    12 List of Figures

    Figure 1 Research Process of MRFR

    Figure 2 Top-Down and Bottom-Up Approach

    Figure 3 Drivers, Restraints, and Trends in the Global Vacuum Skin Packaging Market

    Figure 4 World Food Consumption of Meat, 1964/66–2015 (KG Per Capita, Carcass Weight Equivalent)

    Figure 5 Developing Countries Consumption of Meat, 1964/66–2015 (KG per Capita, Carcass Weight Equivalent)

    Figure 6 Total Growth of Retail Industry in the UK

    Figure 7 Growth Drivers: Impact Analysis

    Figure 8 Growth Barriers: Impact Analysis

    Figure 9 Porter's Five Forces Analysis of Global Vacuum Skin Packaging Market

    Figure 10 Global Vacuum Skin Packaging Market Size, by Material, 2020-2027 (USD Million)

    Figure 11 Red Meat Consumption (in Pounds)

    Figure 12 Poultry Consumption (in Pounds)

    Figure 13 Commercial Fish and Shell-Fish Consumption (In Pounds)

    Figure 14 Global Vacuum Skin Packaging Market, by Application, 2020-2027 (USD Million)

    Figure 15 Global Vacuum Skin Packaging Market, by Region, 2020-2027 (USD Million)

    Figure 16 Growth Strategies Adopted by Key Players in Global Vacuum Skin Packaging Market, 2014–2020, (%)

    Figure 17 DuPont: Geographic Revenue Mix, 2020 (%)

    Figure 18 Amcor Limited: Total Revenue vs Segmental Revenue (USD Million)

    Figure 19 Amcor Limited: Geographic Revenue Mix, 2020 (%)

    Figure 20 Amcor Limited: Key Developments, 2020-2027(%)

    Figure 21 Sealed Air: Total Revenue vs Segmental Revenue (USD Million)

    Figure 22 Sealed Air: Geographic Revenue Mix, 2020 (%)

    Figure 23 Berry Global Inc.: Total Revenue vs Segmental Revenue (USD Million)

    Figure 24 Berry Global Inc.: Geographic Revenue Mix, 2020 (%)

    Figure 25 Bemis Company, Inc.: Total Revenue vs Segmental Revenue (USD Million)

    Figure 26 Bemis Company, Inc.: Geographic Revenue Mix, 2020 (%)

    Figure 27 Green Packaging Material (Jiangyin) Co., Ltd: Key Developments, 2020-2027(%)