Market Size of Skin Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Skin Packaging Market Analysis
The skin packaging market will register a CAGR of 6.5% during the forecast period. Recent advances in packaging technology have resulted in the growing popularity of skin packaging as an effective and efficient packaging strategy. Skin packaging decreases the need for protective packaging fillers, making it a cost-effective packaging option compared to other methods.
- The rise in market value is driven by increased urbanization, modernization, globalization, rising manufacturing activity, and expanding need for convenient parking options.
- The increasing use of skin packaging in food products such as meat, seafood, and poultry, among others, on account of improved shelf life coupled with the lesser material requirements, is anticipated to propel the product demand over the forecast period.
- Moreover, Skin Packaging is most visibly used in retail environments where small parts or accessories are often placed upon racks in store aisles to allow customers to see the product without opening the package.
- Skin Packaging is manufactured using vacuum technology to store food for extended periods. However, the machines used for vacuum skin packaging are relatively expensive. Moreover, substitutes are available for skin packagings, such as blister packaging, shrink barrier packaging, vacuum bags, and many others. Thus, the high initial cost and availability of substitutes may hamper the market growth.
- However, supply chain disruptions owing to the COVID -19 pandemic have created hindrances to the market growth rate. Fluctuations in raw material prices and stringent regulations imposed by the government on the application of plastic will further dampen the market growth rate. The availability of environmentally friendly alternatives and rising environmental concerns will hamper the market growth.
Skin Packaging Industry Segmentation
Skin pack or skin packaging is a type of carded packaging where a product is placed on a piece of paperboard, and a thin sheet of transparent plastic is over the product and paperboard. The printed paperboard usually includes a heat-seal coating.
The Skin Packaging Market is segmented by application (food (meat, fish, and seafood, processed food, cheese), industrial goods (electronic and electrical components), medical devices, durable consumer goods), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa).
The market sizes and forecasts are provided in value (USD million) for all the above segments.
| Application | ||||||
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| Industrial Goods (Including Electronic and Electrical Components) | ||||||
| Medical Devices | ||||||
| Durable Consumer Goods |
| Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| Latin America | |
| Middle East and Africa |
Skin Packaging Market Size Summary
The skin packaging market is experiencing significant growth, driven by advancements in packaging technology that enhance its efficiency and cost-effectiveness. This packaging method reduces the need for protective fillers, making it a more economical choice compared to traditional methods. The market's expansion is fueled by factors such as urbanization, globalization, and the increasing demand for convenient packaging solutions. Skin packaging is particularly popular in the food industry, where it is used to extend the shelf life of products like meat, seafood, and poultry while minimizing material usage. Its application in retail settings also allows for better product visibility without the need to open packages. Despite its benefits, the market faces challenges such as high initial costs, the availability of substitutes, and supply chain disruptions caused by the COVID-19 pandemic. Environmental concerns and regulatory pressures regarding plastic use further complicate market dynamics.
The Asia-Pacific region holds a significant share of the global skin packaging market, attributed to factors like a growing population, rising disposable incomes, and an expanding pharmaceutical industry. The region's robust food and plastic manufacturing sectors contribute to the market's growth potential. The competitive landscape is moderately fragmented, with numerous players investing in research and development to differentiate their products. Recent innovations and partnerships, such as those by Amcor and Sealed Air, highlight the industry's focus on sustainability and recycling. The market is also witnessing collaborations aimed at enhancing product offerings and expanding market reach. These developments underscore the industry's commitment to addressing environmental concerns while meeting the evolving demands of consumers and businesses alike.
Skin Packaging Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview (includes COVID-19 Impact on the Market Studied)
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Food
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2.1.1.1 Meat
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2.1.1.2 Fish and Seafood
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2.1.1.3 Processed Food
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2.1.1.4 Cheese
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2.1.2 Industrial Goods (Including Electronic and Electrical Components)
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2.1.3 Medical Devices
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2.1.4 Durable Consumer Goods
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2.2 Geography
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2.2.1 North America
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2.2.2 Europe
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2.2.3 Asia Pacific
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2.2.4 Latin America
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2.2.5 Middle East and Africa
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Skin Packaging Market Size FAQs
What is the current Skin Packaging Market size?
The Skin Packaging Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)
Who are the key players in Skin Packaging Market?
Clondalkin Flexible Packaging Orlando Inc., Plastopil Hazorea Co. Ltd, Sealed Air Corporation, Amcor PLC and MULTIVAC Sepp Haggenmüller SE & Co. KG are the major companies operating in the Skin Packaging Market.
