Global Vacuum Skin Packaging Market Information Report by Material (Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC) and Other), by Application (Meat, Poultry, Cheese and others) and Region – Global Forecast To 2023
Vacuum packaging is a technique predominantly used in the food industry with the intension of reducing or preventing the spoilage of food which may otherwise result in the loss of taste and in its textural quality. Furthermore, vacuum skin packaging effectively maintains the nutritional value of food. Increasing consumption of meat and poultry is the primary driving factor of the market. Additionally, growth in the retail sectors/increasing number of retails outlets also fuelling the growth of the market. The retail sector is booming, owing to factors such as favourable demographics, rising consumer incomes and real estate developments, especially the emergence of new shopping malls. However, stringent regulations on packaging material waste and recycling is the factor that may hamper the growth of the market.
The global Vacuum Skin Packaging Market is expected to reach USD 18,392 million by 2023 with a CAGR of 5.77%.
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The key players of global vacuum skin packaging markets are Bemis Company Inc. (U.S.), Berry Global Group, Inc. (U.S.), LINPAC Packaging Limited (U.K.), Amcor Ltd. (Australia), Sealed Air Corporation (U.S.), DuPont (U.S.), G. Mondini SA (Italy), Green Packaging Material (Jiangyin) Co., Ltd. (China) and others.
Vacuum Skin Packaging Market Regional Analysis
On basis of region, Asia-Pacific accounted for the largest market share of 36.26% in 2016, and is projected to grow at the highest CAGR of 6.08% during the forecast period. The rising population of the region, along with high disposable income and the demand for safe & hygienic packaging of products are factors driving the growth of the vacuum packaging market in this region. North America was the second-largest market in 2016, valued at USD 3,889.2 million in 2016.
- Distributer & Supplier companies
- End Users
- Consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
- Product matrix which gives a detailed comparison of the market for different recycled product types
- Regulatory Landscape
- Pricing Analysis
- Macroeconomic Indicators
- Geographical analysis across 15 countries
- Profiling of 10 key market players
- In-depth analysis including SWOT analysis, and strategy information of related to report title
- Competitive landscape including emerging trends adopted by major companies
Study Objectives of Global
- To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the Global Vacuum Skin Packaging Market
- To provide insights about factors affecting the market growth
- To analyze the Global Vacuum Skin Packaging market market based on various tools such as Supply Chain Analysis, and Porter’s Five Force Analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segments by material type, application and region
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Vacuum Skin Packaging market
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