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The skin packaging market size is estimated to increase by USD 8.16 billion and grow at a CAGR of 11.03% between 2023 and 2028. The Market is experiencing robust growth due to several key factors. Firstly, the increasing preference for meat and poultry products, coupled with the growing demand for convenient and ready-to-eat packaged foods, is driving market expansion. Additionally, the rising popularity of seafood products, particularly in emerging economies, is providing significant opportunities for market growth. However, the market faces challenges including fluctuating raw material costs for packaging materials, stringent regulations governing food packaging, and mounting concerns regarding the degradability of plastic packaging. These factors necessitate continuous innovation and investment in sustainable and cost-effective packaging solutions to ensure market competitiveness.
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The plastic films segment is estimated to witness significant growth during the forecast period. Plastic film is widely used for meat, meat products, fruits, and vegetables. Plastic films create a vacuum and protect the packaged food from moisture and gases, extending shelf life. It is often used to stuff red and white meats. Rapid urbanization and rising consumer disposable income are changing diets. Ready-to-eat meals (RTE) are preferred as they save time and energy.
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The plastic films segment was the largest segment and was valued at USD 4.55 billion in 2018. The growth of the global ready-to-eat food market is also expected to accelerate. The growth of the RTE food market is expected to increase the use of plastic film as most of these foods are packaged in plastic film. The increasing use of visible solutions in the food industry has increased the demand for plastic films. Therefore, such factors will fuel the growth of the market during the forecast period.
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APAC is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Factors such as exponential population growth, growing middle-class consumption of goods, and the rise of mobile and e-commerce are driving the growth of food and beverages (F&B) in this region. As a result, these factors are driving the demand for these solutions in the F&B industry, driving the growth of the market in the APAC region.
Moreover, China and India are two of the world's largest producers of horticultural products, such as vegetables and fruits. Likewise, Indonesia, Pakistan, and Vietnam are other major countries significantly contributing to the growth of the global food industry. Therefore, an increase in food production is expected to positively affect the demand in the APAC region. In addition, high fresh meat production and consumption are driving the demand for fresh meat wrap in this region, driving the growth of the market in APAC during the forecast period.
The Skin Packaging Market is witnessing significant growth due to the modernization of manufacturing activity and advancements in packaging technology. The increasing consumption of food products, particularly meat, seafood, and poultry, has led to a greater focus on extending their shelf life through innovative packaging solutions. Packaging materials such as polypropylene, polyvinyl chloride, polyethylene, and plastics material in the form of foam, bioplastics, and skin packaging technique are gaining popularity. Food processing industries are adopting skin packaging techniques to improve product appearance and ensure contamination-free storage. The rise of internet shopping and the need for efficient and safe delivery methods have also propelled the demand for skin packaging products. Meat processors are increasingly using vacuum and heat seal coating technologies to enhance the shelf life of their products. Overall, changing lifestyles and the growing preference for convenient and hygienic food packaging are expected to drive the growth of the Skin Packaging Market in the coming years. Paperboard and plastic film are also commonly used materials in skin packaging due to their ability to maintain the freshness and texture of food products. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing demand for seafood is a primary driver propelling the growth of the market. As consumers seek fresher and safer food options, particularly in the protein segment, packers are turning to suitable materials to maintain the quality and freshness of seafood products. Skin packaging, known for its ability to preserve freshness and extend shelf life, is becoming increasingly popular in the seafood industry. Companies like Sealed Air are offering innovative solutions such as CRYOVAC vacuum skin packs, which are specifically designed to wrap seafood securely, meeting consumer demands for safe and efficient solutions.
Moreover, the growing demand for seafood, especially in regions like China, is fueling market. Changing dietary preferences driven by rising middle-class incomes have led to an increased emphasis on healthier protein sources like seafood. This shift in consumer behavior, coupled with concerns about food safety, has created a significant growth opportunity for the global market. As the demand for seafood continues to rise due to evolving food preferences and increasing awareness of food safety standards, it is expected to play a crucial role in meeting these demands and sustaining market in the coming years. Hence, such factors are hindering the market during the forecast period.
The adoption of sustainable packaging is the primary trend in the market. Pollution caused by the inability to dispose of waste worldwide has raised environmental and health concerns. One of the most important materials plastic, is the main cause of this concern. Most plastics are made from petroleum and natural gas, so they are not biodegradable. Direct disposal of F&B packaging waste without any treatment therefore results in hazardous accumulation in landfills.
Moreover, to address these issues, companies are turning to sustainable options that reduce the harmful environmental impact of disposal. Various providers are constantly working to develop such sustainable options. For example, Amcor offers its SkinNova Skin package, which uses 70% less plastic and has a minimal carbon footprint. Hence, increasing focus on sustainable will drive the growth of the market during the forecast period.
Volatility in raw material prices of materials is a challenge that affects the growth of the market. The raw material prices used to make skin packs are highly unpredictable. This is mainly due to its high dependence on oil prices. Various substrates such as polymers, resins, and additives are commonly used to make skin packs. Since raw materials such as polyethylene and additives are petroleum derivatives, their prices often fluctuate according to crude oil prices.
Moreover, fluctuations in commodity prices can create unpredictability in the market, adversely affect production costs, and reduce supplier profit margins. Providers need to maintain a customer base, so they can only partially pass the cost on to the end consumer. Therefore, fluctuations in crude oil prices are expected to impede the growth of the global market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
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Cosmetic Skin Care Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, Japan, India, Germany - Size and Forecast
The Market is witnessing significant growth due to the modernization of packaging technology and increasing manufacturing activity. This market caters to various industries, including food products, meat, seafood, poultry, pharmaceutical, and plastics manufacturing. The primary focus of skin packaging is to extend the shelf life of perishable goods, making it an ideal choice for meat processors and seafood industries. Food processing industries are increasingly adopting skin packaging techniques to maintain product appearance and prevent contamination. The use of advanced packaging materials like Polypropylene, Polyvinyl Chloride, Polyethylene, and foam is prevalent in this market. Modern technologies such as Modified Atmosphere Packaging (MAP), Heat Seal Coating, and Vacuum are gaining popularity due to their effectiveness in enhancing the shelf life of food products. The changing lifestyles and increasing spending power have led to a surge in internet shopping, leading to an increased demand for skin packaging products.
Moreover, the market landscape depends on the Sustainable packaging materials, Ionomer, Automotive components, Electronic circuit boards, Electrical motor contractors, Bearings, Couplings, Nuts, Bolts, Power gasket repair kits, Drain kits, Automotive windshields. Key players in the market include ProMach, Sealed Air, Mondi, Novolex, and Piranha Container. Bioplastics and paperboard are emerging as sustainable alternatives to traditional plastics material. The Market is expected to continue its growth trajectory, driven by the increasing consumption of meat and seafood and the need for efficient and effective packaging solutions. Anuga FoodTec, a leading international trade fair, is a significant platform for showcasing the latest trends and innovations in the Market.
Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.03% |
Market growth 2024-2028 |
USD 8.17 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
9.21 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 40% |
Key countries |
US, China, UK, India, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
adapa Holding GesmbH, AK Packaging, Amcor Plc, Berry Global Inc., Clearwater Packaging Inc., Clondalkin Group Holdings BV, Dow Chemical Co., FLEXOPACK SA, G.MONDINI Spa, Gruppo Fabbri Vignola S.p.A, KM Packaging Services Ltd, KP Holding GmbH and Co. KG, MULTIVAC Sepp Haggenmuller SE and Co. KG, Plastopil Hazorea Co. Ltd., Sealed Air Corp., Sealpac International BV, Stamar Packaging, WestRock Co., Wihuri International Oy, and Windmoller and Holscher KG |
Market dynamics |
Parent market analysis, market report , Market forecasting , market forecast , Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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