The skin packaging global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Skin Packaging Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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 in the historic period can be attributed to retail industry demand, product visibility and display, cost-effective packaging, customization and branding opportunities, food industry compliance.
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 growth in the forecast period can be attributed to e-commerce packaging solutions, increased focus on recyclability, globalization of retail chains, rising consumer preferences for freshness, rising consumer preferences for freshness. Major trends in the forecast period include technological advancements in packaging machinery, innovations in material technology, modified atmosphere packaging (map), advanced printing and graphic design, integration of smart packaging technologies, customization and brand differentiation.
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Scope Of Skin Packaging Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Skin Packaging Market Overview
Market Drivers –
Growing demand for the food industry is expected to propel the growth of the skin packaging market going forward. The food industry encompasses the production, processing, distribution, and consumption of food products. Skin packaging, known for its ability to provide a protective and visually appealing covering for food products, is favored in the food industry for its ability to enhance product visibility and freshness. For instance, in September 2022, according to a report published by Statistics Sweden, a Sweden-based government agency, sales of food and beverages increased by 2.9% to $29.85 billion (SEK 334 billion) in 2022. Therefore, the growing demand for the food industry is driving the growth of the skin packaging market.
Market Trends –
Major companies operating in the skin packaging market are developing innovative products, such as skin films, to better serve customers. Skin films, or vacuum skin packaging (VSP) films, are a type of thin, transparent plastic material used to wrap products tightly onto a backing board or tray. For instance, in March 2023, Wentus GmbH, a Germany-based plastic fabrication company, launched WENTOPRO SkinTight 20 UHT and UHT-M skin films. These films are designed for use in packaging and are said to offer improved shine, strength, cutting, and sealing properties, leading to higher productivity and lower waste. WENTOPRO SkinTight 20 UHT and UHT-M satisfy US regulations for fresh fish packaging and have an oxygen permeability of >10,000 cm2 (m2d bar).
The skin packaging market covered in this report is segmented –
1) By Type: Carded Skin Packaging, Non-Carded Skin Packaging
2) By Base Material: Plastic Films, Paper and Paperboard, Polyethylene, Base Materials
3) By Application: Food, Consumer Goods, Industrial Goods
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Skin Packaging Market Report Structure
3. Skin Packaging Market Trends And Strategies
4. Skin Packaging Market – Macro Economic Scenario
5. Skin Packaging Market Size And Growth
…..
27. Skin Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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