Vacuum Skin Packaging Market Research Report - Global Forecast till 2030

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 2030

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

Vacuum Skin Packaging Market

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).

Segmentation

By Material Polyethylene (PE) Polypropylene (PP) Polyvinyl Chloride (PVC) Others
By Application Meat Poultry Cheese Others

Key Players

  • DuPont (US)
  • Amcor Limited (Australia)
  • Sealed Air (US)
  • Berry Global Inc. (US)
  • LINPAC Packaging Limited (UK)
  • Bemis Company Inc. (US)
  • G. Mondini SA (Italy)
  • Plastopil Hazorea Company Ltd. (Israel)

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
Speak to Analyst Request a Free Sample

Overview of Vacuum Skin Packaging Market


The global vacuum skin packaging market is expected to expand at 5.80% 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   2030: Significant Value
  CAGR   5.80% CAGR (2022-2030)
  Base Year   2021
  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

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


  • Speak to Analyst Ask for Customization

    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.