This market research report includes a detailed segmentation of the global skin packaging market by application (carded and non-carded). It also outlines the market shares for key regions like North America, APAC, Europe, and ROW. The leading vendors analyzed in this report are Bemis, Berry Plastics, Clondalkin Group Holdings, LINPAC, G. Mondini, and Sealed Air.
Technavio has released a new market research report on the global skin packaging market, which is expected to grow at a CAGR of 5% between 2016 and 2020. Skin packaging is used to package different types of food products like cheese, fresh and processed meat products, poultry, fish and seafood, snacks, and ready-to-eat meals. Skin packs safeguard products against harmful gases, light, humidity, and mechanical hazards. APAC accounts for the largest market share in the skin packaging market. The ability of skin packs to effectively reduce transportation costs and facilitate instant disposal
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the vendors are shifting toward vacuum skin packaging. Growing consumption of ready-to-eat food products has led to the rising demand for packaging technologies that can extend the shelf life of products. Innovative vacuum skin packaging enables greater consumer appeal and enhances the shelf space efficiency of products, thereby providing maximum protection to goods during transit and in stores. Moreover, the vendors are also using biodegradable plastics as they less toxic effect on the environment,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research
The non-carded skin packaging segment accounts for more than 60% of the total market share. Benefits such as its easy opening option, vertical and hanging presentation, and the availability of a wide array of packaging materials including glossy and metallized surfaces will result in the rapid growth of this market segment during the forecast period.
Global skin packaging market by non-carded skin packaging 2015-2020 ($ billions)
Source: Technavio, 2016
The key players in the global skin packaging market are Bemis, Berry Plastics, Clondalkin Group Holdings, LINPAC, G. Mondini, and Sealed Air. The market is composed of numerous multinational and local vendors. The level of competition in this market is intense because of the presence of a large number of established players in the market. In this market, the vendors compete based on a variety of factors such as performance, innovation, product features, quality, cost, and financial stability to gain a competitive edge over their rivals.
A more detailed analysis is available in the Technavio report, Global Skin Packaging Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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