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The skin packaging market size is estimated to grow at a CAGR of 8.99% between 2022 and 2027. The market size is forecast to increase by USD 5,888.3 million. The growth of the market depends on several factors such as the rising demand for skin packaging in meat packaging, the increasing demand for packaged food, and the increasing demand for seafood.
This skin packaging market report extensively covers market segmentation by material (plastic films, paper and paperboard, and others), type (non-carded skin packaging and carded skin packaging), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 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.
Increasing demand for seafood is the key factor driving the growth of the market. To maintain and preserve the freshness of proteins, packers often pack or wrap seafood in suitable materials. In addition, customers demand safe, reliable, fast, and efficient packaging. Skin packs are used in seafood packaging as they help preserve freshness and extend product shelf life. Market players such as Sealed Air offer CRYOVAC brand vacuum skin packs that can be used to wrap seafood.
Furthermore, increasing demand for seafood is one of the main factors driving the growth of the Chinese skin packaging market. Rising middle-class incomes have changed dietary preferences, placing an emphasis on healthier, higher-quality protein sources such as seafood. Therefore, increasing demand for seafood due to changing food preferences and rising food safety concerns will present a significant growth opportunity for the global skin packaging 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 packaging waste worldwide has raised environmental and health concerns. One of the most important packaging 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 and B packaging waste without any treatment therefore results in hazardous accumulation in landfills.
Moreover, to address these issues, companies are turning to sustainable packaging options that reduce the harmful environmental impact of disposal. Various providers are constantly working to develop such sustainable packaging 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 packaging will drive the growth of the market during the forecast period.
Volatility in raw material prices of skin packaging 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 of skin packaging 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 skin packaging 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 Skin Packaging 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 plastic films segment is estimated to witness significant growth during the forecast period. Plastic film packaging is widely used for packaging 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 4,224.26 million in 2017. 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 packaging 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 39% 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 packaging solutions in the F&B industry, driving the growth of the skin packaging 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 for skin packaging 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 skin packaging market in APAC during the forecast period.
In 2020, the COVID-19 pandemic adversely affected the growth of several end-user industries, including food and beverage. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of operations across food and meat processing industries, This will lead to increased demand for skin care packages in this region which in turn will drive the growth of the skin packaging market in APAC during the forecast period.
The skin packaging market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Skin Packaging Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.99% |
Market growth 2023-2027 |
USD 5,888.3 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
8.55 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 39% |
Key countries |
US, Canada, China, India, and UK |
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 growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the 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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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