Vacuum Skin Packaging Market Sales Revenue, Worldwide Analysis, Competitive Landscape, Future Trends, Industry Size And Regional Forecast To 2023
Global Vacuum Skin Packaging Market Size, Share, Growth, Trends, Analysis, Future Scope 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 Skin Packaging Market Overview
The vacuum skin packaging is a method of packaging where the air is removed from the package before sealing it. Generally used for food items, vacuum skin packaging is used to remove the oxygen from the packaging, extending the product’s shelf life. Further, it also aids in the reduction of the volume of the contents and packages with the use of flexible, form-fitting packages. Vacuum skin packaging also helps in the reduction of preservative usage in the food products, hence, maintaining the nutritional value of them.
The latest report issued by Market Research Future has projected the global vacuum skin packaging market to accrue a robust CAGR of 5.77% by 2023. An increase in the consumption of meat and poultry is contributing to prominent growth witnessed by the global vacuum skin packaging market. Further, the growth of retail sectors, rise in the number of retail outlets are also projected to fuel the market growth. Additional factors contributing to propelled growth include rising consumer incomes, and development of real estate infrastructure causing the emergence of new shopping centers. Adversely, stringent regulations on packaging material waste and recycling, and keen government control on environment-friendly packaging materials are seen hampering growth in global vacuum skin packaging market.
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Some of the most prominent players in the global vacuum skin packaging market, as profiled by Market Research Future include
- 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.)
- Mondini SA (Italy)
- Green Packaging Material (Jiangyin) Co., Ltd. (China).
February 2019: ULMA Packaging recently announced the launch of the TSF 200 MSV. TSF 200 MSV allows packaging of various food products that are frozen as well as fresh including fish, meat, and cheese. Food processors can pack products with increased cycle rates of up to 10 cycles per minute, depending upon the pack style, product as well as format.
The vacuum skin packaging market has been segmented by material and application in the latest report published by Market Research Future. By material, the vacuum skin packaging market has been segmented into polypropylene (PP), polyethylene (PE), and polyvinyl chloride (PVC). By application, the global vacuum skin packaging market has been segmented into meat, poultry, and cheese.
Detailed Regional Analysis
The global vacuum skin packaging market has been regionally segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). The Asia Pacific is predicted to grow at the fastest pace during the assessment period owing to economic growth in China and India. Rapid population growth, a rise in the disposable income of the masses, and a demand for safe & hygienic packaging are factors driving substantial growth to the vacuum skin packaging market in the region.
Within the Asia Pacific, China is estimated to grow faster than any other country due to a rise in food consumption, rapid urbanization and promising economic growth. China is the world’s largest consumer and producer of pork while maintaining self-sufficiency over the years. In 2016, the Ministry of Agriculture released a 5-year plan with the objectives of the increasing scale of production. These objectives are predicted to create substantial demand for vacuum skin packaging within the country.
In India, the livestock sector is one of the essential components of Indian agriculture. Favorable socio-economic factors such as changing eating habits, the higher purchasing power of the masses, urbanization, increased health consciousness towards a protein-rich diet have resulted in a skyrocketing growth in the meat industry, in turn, influencing growth in the vacuuming skin packaging in the country.
North America is likely to hold the second largest market share after the Asia Pacific. According to the North American Meat Institute (NAMI), the meat and poultry industry comprises the largest segment in the U.S. Agriculture. A proliferated growth in the meat and poultry industry in the region is anticipated to result in a significant rise in the vacuum skin packaging market as well.
Table Of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
List Of Tables
Table 1 Global Vaccum Skin Packaging Market, By Material
Table 2 Global Vaccum Skin Packaging Market, By Product
Table 3 Global Vaccum Skin Packaging Market, By Application
Table 4 Global Vaccum Skin Packaging Market, By Regions
Table 5 North America Vacuum Skin Packaging Market, By Material
Table 6 North America Vacuum Skin Packaging Market, By Product
Table 7 North America Vacuum Skin Packaging Market, By Application
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