PUBLISHER: The Business Research Company | PRODUCT CODE: 1455524
PUBLISHER: The Business Research Company | PRODUCT CODE: 1455524
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 from The Business Research Company 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 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 Haggenmuller SE & Co. KG, Windmoller & Holscher, 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).
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.
Skin Packaging Global Market Report 2024 from The Business Research Company 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.
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 from the Business Research Company 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 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.