The skin packaging market size has grown strongly in recent years. It will grow from $11.09 billion in 2023 to $11.78 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth witnessed in the historical period can be attributed to several key factors. Notably, there was significant demand from the retail industry, driven by the need for improved product visibility and display. The cost-effectiveness of skin packaging, along with opportunities for customization and branding, played a crucial role in its adoption. Moreover, compliance requirements within the food industry further contributed to the success of skin packaging during the historic period. These combined factors fostered increased adoption and effectiveness of skin packaging solutions.
The skin packaging market size is expected to see strong growth in the next few years. It will grow to $14.77 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The expected growth in the forecast period can be ascribed to the increased adoption of e-commerce packaging solutions, a growing emphasis on recyclability, the globalization of retail chains, and rising consumer preferences for freshness. These factors are anticipated to fuel the demand for skin packaging across diverse industries. Noteworthy trends in the forecast period encompass technological advancements in packaging machinery, innovations in material technology, the use of modified atmosphere packaging (MAP), progress in printing and graphic design, integration of smart packaging technologies, and a concerted focus on customization and brand differentiation. These trends are poised to significantly influence and shape the evolving landscape of skin packaging.
The skin packaging market's anticipated growth is significantly driven by the increasing demand within the food industry. The food industry, encompassing the entire process from production and processing to distribution and consumption of food products, heavily relies on skin packaging for its capacity to offer protective and visually appealing covering for various food items. Skin packaging is particularly favored for its ability to enhance product visibility and freshness. According to a September 2022 report from Statistics Sweden, sales of food and beverages experienced a 2.9% increase, reaching $29.85 billion (SEK 334 billion) in 2022, underscoring the pivotal role of the growing demand in the food industry in propelling the skin packaging market's growth.
Major players in the skin packaging market are actively engaged in the development of innovative products to better cater to customer needs. A noteworthy example is the introduction of skin films, also referred to as vacuum skin packaging (VSP) films. These films, thin and transparent plastic materials, are utilized to tightly wrap products onto a backing board or tray. In March 2023, Wentus GmbH, a Germany-based plastic fabrication company, unveiled WENTOPRO SkinTight 20 UHT and UHT-M skin films. Tailored for packaging purposes, these films offer improved shine, strength, cutting, and sealing properties, ultimately leading to higher productivity and reduced waste. Notably, WENTOPRO SkinTight 20 UHT and UHT-M adhere to US regulations for fresh fish packaging and showcase an oxygen permeability exceeding >10,000 cm² (m²d bar).
In May 2023, Amcor, an Australia-based company specializing in responsible packaging solutions, made an undisclosed acquisition of Moda Systems. This strategic move is anticipated to enhance Amcor's film expertise, fortifying its capability to provide comprehensive end-to-end packaging solutions, encompassing primary packaging, equipment, on-site technical service, and parts. Moda Systems, a New Zealand-based provider of skin packaging solutions, aligns seamlessly with Amcor's objective of augmenting its capabilities in the dynamic and evolving skin packaging market.
Major companies operating in the skin packaging market report are Dow Chemical Company, Westrock Company, Berry Global, Amcor PLC, Tetra Pak International SA, Sealed Air Corporation, MULTIVAC Sepp Haggenmüller SE & Co. KG, Windmöller & Hölscher, Bemis Company, Inc, ProAmpac, Ampac Group, Flexopack SA, Linpac Packaging Limited, Gruppo Fabbri, G.Mondini SPA, Display Pack Inc., Stamar Packaging, Schur Flexibles Group, PAC Machinery, Clondalkin Group, Universal Plastic Bag Co., KM Packaging Services Ltd, Solidus Communications Inc., Plastopil Hazorea Co. Ltd, Shawnee Chemical.
North America was the largest region in the skin packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the skin packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the skin packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The skin packaging market includes revenues earned by entities by services such as vacuum skin packaging, corrugated skin packaging, printed skin packaging, thermoformed skin packaging and die-cut skin packaging. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
Skin packaging is a carded packaging method wherein a product is positioned on trays or a piece of paperboard. Subsequently, both the product and the paperboard are tightly sealed with a thin, transparent plastic sheet. This packaging technique finds extensive use across diverse products, encompassing food items such as seafood and meat. Additionally, it is utilized for packaging car parts, consumer goods, and hardware, showcasing its versatility and applicability in various industries.
Skin packaging is classified into two main types such as carded skin packaging and non-carded skin packaging. In carded skin packaging, a product is positioned on a paperboard or cardboard backing, often referred to as a card, and then enveloped with a transparent plastic film. The base materials employed in skin packaging encompass plastic films, paper and paperboard, polyethylene, and other materials. This packaging method is versatile and is utilized across various sectors, including food, consumer goods, and industrial goods.
The skin packaging market research report is one of a series of new reports that provides skin packaging market statistics, including the skin packaging industry's global market size, regional shares, competitors with a skin packaging market share, detailed skin packaging market segments, market trends and opportunities, and any further data you may need to thrive in the skin packaging industry. This skin packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The skin packaging market size is expected to see strong growth in the next few years. It will grow to $14.77 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The expected growth in the forecast period can be ascribed to the increased adoption of e-commerce packaging solutions, a growing emphasis on recyclability, the globalization of retail chains, and rising consumer preferences for freshness. These factors are anticipated to fuel the demand for skin packaging across diverse industries. Noteworthy trends in the forecast period encompass technological advancements in packaging machinery, innovations in material technology, the use of modified atmosphere packaging (MAP), progress in printing and graphic design, integration of smart packaging technologies, and a concerted focus on customization and brand differentiation. These trends are poised to significantly influence and shape the evolving landscape of skin packaging.
The skin packaging market's anticipated growth is significantly driven by the increasing demand within the food industry. The food industry, encompassing the entire process from production and processing to distribution and consumption of food products, heavily relies on skin packaging for its capacity to offer protective and visually appealing covering for various food items. Skin packaging is particularly favored for its ability to enhance product visibility and freshness. According to a September 2022 report from Statistics Sweden, sales of food and beverages experienced a 2.9% increase, reaching $29.85 billion (SEK 334 billion) in 2022, underscoring the pivotal role of the growing demand in the food industry in propelling the skin packaging market's growth.
Major players in the skin packaging market are actively engaged in the development of innovative products to better cater to customer needs. A noteworthy example is the introduction of skin films, also referred to as vacuum skin packaging (VSP) films. These films, thin and transparent plastic materials, are utilized to tightly wrap products onto a backing board or tray. In March 2023, Wentus GmbH, a Germany-based plastic fabrication company, unveiled WENTOPRO SkinTight 20 UHT and UHT-M skin films. Tailored for packaging purposes, these films offer improved shine, strength, cutting, and sealing properties, ultimately leading to higher productivity and reduced waste. Notably, WENTOPRO SkinTight 20 UHT and UHT-M adhere to US regulations for fresh fish packaging and showcase an oxygen permeability exceeding >10,000 cm² (m²d bar).
In May 2023, Amcor, an Australia-based company specializing in responsible packaging solutions, made an undisclosed acquisition of Moda Systems. This strategic move is anticipated to enhance Amcor's film expertise, fortifying its capability to provide comprehensive end-to-end packaging solutions, encompassing primary packaging, equipment, on-site technical service, and parts. Moda Systems, a New Zealand-based provider of skin packaging solutions, aligns seamlessly with Amcor's objective of augmenting its capabilities in the dynamic and evolving skin packaging market.
Major companies operating in the skin packaging market report are Dow Chemical Company, Westrock Company, Berry Global, Amcor PLC, Tetra Pak International SA, Sealed Air Corporation, MULTIVAC Sepp Haggenmüller SE & Co. KG, Windmöller & Hölscher, Bemis Company, Inc, ProAmpac, Ampac Group, Flexopack SA, Linpac Packaging Limited, Gruppo Fabbri, G.Mondini SPA, Display Pack Inc., Stamar Packaging, Schur Flexibles Group, PAC Machinery, Clondalkin Group, Universal Plastic Bag Co., KM Packaging Services Ltd, Solidus Communications Inc., Plastopil Hazorea Co. Ltd, Shawnee Chemical.
North America was the largest region in the skin packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the skin packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the skin packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The skin packaging market includes revenues earned by entities by services such as vacuum skin packaging, corrugated skin packaging, printed skin packaging, thermoformed skin packaging and die-cut skin packaging. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
Skin packaging is a carded packaging method wherein a product is positioned on trays or a piece of paperboard. Subsequently, both the product and the paperboard are tightly sealed with a thin, transparent plastic sheet. This packaging technique finds extensive use across diverse products, encompassing food items such as seafood and meat. Additionally, it is utilized for packaging car parts, consumer goods, and hardware, showcasing its versatility and applicability in various industries.
Skin packaging is classified into two main types such as carded skin packaging and non-carded skin packaging. In carded skin packaging, a product is positioned on a paperboard or cardboard backing, often referred to as a card, and then enveloped with a transparent plastic film. The base materials employed in skin packaging encompass plastic films, paper and paperboard, polyethylene, and other materials. This packaging method is versatile and is utilized across various sectors, including food, consumer goods, and industrial goods.
The skin packaging market research report is one of a series of new reports that provides skin packaging market statistics, including the skin packaging industry's global market size, regional shares, competitors with a skin packaging market share, detailed skin packaging market segments, market trends and opportunities, and any further data you may need to thrive in the skin packaging industry. This skin packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Skin Packaging Market Characteristics3. Skin Packaging Market Trends and Strategies32. Global Skin Packaging Market Competitive Benchmarking33. Global Skin Packaging Market Competitive Dashboard34. Key Mergers and Acquisitions in the Skin Packaging Market
4. Skin Packaging Market - Macro Economic Scenario
5. Global Skin Packaging Market Size and Growth
6. Skin Packaging Market Segmentation
7. Skin Packaging Market Regional and Country Analysis
8. Asia-Pacific Skin Packaging Market
9. China Skin Packaging Market
10. India Skin Packaging Market
11. Japan Skin Packaging Market
12. Australia Skin Packaging Market
13. Indonesia Skin Packaging Market
14. South Korea Skin Packaging Market
15. Western Europe Skin Packaging Market
16. UK Skin Packaging Market
17. Germany Skin Packaging Market
18. France Skin Packaging Market
19. Italy Skin Packaging Market
20. Spain Skin Packaging Market
21. Eastern Europe Skin Packaging Market
22. Russia Skin Packaging Market
23. North America Skin Packaging Market
24. USA Skin Packaging Market
25. Canada Skin Packaging Market
26. South America Skin Packaging Market
27. Brazil Skin Packaging Market
28. Middle East Skin Packaging Market
29. Africa Skin Packaging Market
30. Skin Packaging Market Competitive Landscape and Company Profiles
31. Skin Packaging Market Other Major and Innovative Companies
35. Skin Packaging Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Skin Packaging Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on skin packaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description:
Where is the largest and fastest growing market for skin packaging ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The skin packaging market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Carded Skin Packaging; Non-Carded Skin Packaging2) By Base Material: Plastic Films; Paper and Paperboard; Polyethylene; Base Materials
3) By Application: Food; Consumer Goods; Industrial Goods
Key Companies Mentioned: Dow Chemical Company; Westrock Company; Berry Global; Amcor PLC; Tetra Pak International SA
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Dow Chemical Company
- Westrock Company
- Berry Global
- Amcor PLC
- Tetra Pak International SA
- Sealed Air Corporation
- MULTIVAC Sepp Haggenmüller SE & Co. KG
- Windmöller & Hölscher
- Bemis Company, Inc
- ProAmpac
- Ampac Group
- Flexopack SA
- Linpac Packaging Limited
- Gruppo Fabbri
- G.Mondini SPA
- Display Pack Inc.
- Stamar Packaging
- Schur Flexibles Group
- PAC Machinery
- Clondalkin Group
- Universal Plastic Bag Co.
- KM Packaging Services Ltd
- Solidus Communications Inc.
- Plastopil Hazorea Co. Ltd
- Shawnee Chemical
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | March 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 11.78 Billion |
Forecasted Market Value ( USD | $ 14.77 Billion |
Compound Annual Growth Rate | 5.8% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |