Market Research Future published a research report on “Global Skin Packaging Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Skin packaging acts as a safeguard from various adverse conditions such as humidity, mechanical hazards, temperature, and others. The skin packaging are widely used in various sectors such as food, retail, industrial goods, and others. Food industry has a prominent market for skin packaging in various categories such as ready to eat products, fresh meats, bakery, vegetables, fruits, and others. The reason for the growth of the market is increasing demand for packaged foods, increases shelf life of food product, cost efficiency and space saving packaging. Moreover, stringent regulations regarding packaging waste is expected to boost the market as skin packaging which requires less resource for packaging. The global skin packaging market is expected to cross USD 10 Billion at CAGR of around 5% by 2022.
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Industry/ Innovation/ Related News:
The key strategies followed by most companies within the global Skin Packaging Market are that of new product development.
- On April 29, 2016, Bemis Company Inc. acquired medical device packaging operation of SteriPack Group. This acquisition will diversify their presence in Ireland as well as it will strengthen its packaging production assets in Malaysia and the U.S.
- In 2015, Berry Plastics Group, Inc. acquired AVINTIV Inc. from private equity funds managed by The Blackstone Group LP for approximately USD 2.45 Million.
With the increasing adoption of convenience shopping, the retail sector is growing rapidly. The retail sector is booming, owing to factors such as favorable demographics, rising consumer incomes and real estate developments, especially the emergence of new shopping malls. With the emergence of consumerism, the retailer faces a more knowledgeable and demanding consumer. As the business exists to satisfy consumer needs, the growing consumer expectation has forced retail organizations to set up more number of retail outlets. This has pushed the demand for packaging across the vegetables, fruits, and meat and poultry products.
There is seen an expanding role of government and other agencies to ensure food safety on a global platform. Government agencies are responsible for setting food safety standards, conducting inspections, ensuring that standards are met, and maintaining a strong enforcement program to deal with those who do not comply with standards. The Food Safety Modernization Act (FSMA), enables the Food and Drug Administration (FDA) to better protect public health by strengthening the food safety system. This also includes packaging and product information. Food labelling is under the jurisdiction of the FDA and the relevant Federal laws are the Food, Drug, and Cosmetic Act (FDCA) and the Fair Packaging and Labelling Act. In addition, the Nutrition Labelling and Education Act (NLEA), which amended the FDCA, requires most foods to carry nutrition labelling and requires food labels that carry nutrient content claims and certain health messages to comply with specific requirements.
Additionally, flexible packaging materials sold in the U.S. must also comply with federal safety regulations under the framework of laws and regulations, such as The Consumer Product Safety Improvement Act (CPSIA), The Consumer Product Safety Act (CPSA), The Federal Hazardous Substances Act (FHSA), and The Toxic Substances Control Act (TSCA).
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Bemis Company Inc., Berry Plastics Group Inc., Sealed Air Corporation, LINPAC, Reynolds Flexible Packaging, The DOW Chemical Company, Westrock Company, Clondalkin Group Holdings B.V., Linpac Packaging Limited, Display Pack Inc., and G. Mondini SPA., and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Skin Packaging market.
- Manufacturers of Skin Packaging
- Importers and exporters of Skin Packaging
- Traders, distributors, and suppliers of Skin Packaging
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
Skin Packaging Market – Segmentation
The global skin packaging market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Material: Comprises Paper & paperboard, LDPE, PVC, and others
Segmentation by Application: Comprises Food, Consumer goods, Industrial goods, and others
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Skin Packaging Market: Regional Analysis
According to the North American Meat Institute (NAMI), the meat and poultry industry is the largest segment of U.S. agriculture. Total meat and poultry production in 2012 reached more than 93 billion pounds. There is an immense need for proper packaging of such meat products, which will ensure longer shelf life of the meat products. For this reason, skin packaging market is gaining traction in the U.S. region. Europe has accounted for the second largest share in global skin packaging market, owing to large packaged and processed food demand. According to the European Commission, export growth was strongest for meat and dairy products between 2010 and 2011. The increasing need for proper packaging of meat and dairy products, has led to high growth of the skin packaging market.
APAC is expected to experience the fastest growth during the forecasted period due to the economic growth of China and India. 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.
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