Skin packaging is used for packaging different types of food products such as fresh and processed meat, cheese, fish and seafood, poultry, snacks, and ready-to-eat meals. In the consumer and industrial goods segment, skin packaging is used to package aeronautical components, ball bearings, and electrical components. The capability of skin packs to protect products from harmful gases, humidity, humidity and mechanical hazards is expected to lead to the rise in their adoption over the forecast period.
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Skin packs aid in retaining the flavor and quality of the products by prolonging the shelf life of the food products enclosed in it. Over the years, it has been witnessed that the demand for plastic based packaging is growing amongst the industrial consumers and buyers, owing to the rising popularity of plastic based packaging products, which are comparatively more flexible.
Furthermore, plastic packaging is gradually substituting glass and metal packaging (particularly for food products), which in turn is expected to fuel demand for skin plastic packaging products globally over the forecast period.
Global Skin Packaging Market: Drivers
The global skin packaging market has been growing in line with the growth in the food and packaging industries and the trend is expected to continue over the forecast period. Increasing production in the meat industry and the growing trend of convenience food, accentuate the need for skin packaging, which aids in extending the shelf life of the food product and prevents it from getting contaminated.
Growing concerns related to the environment and stringent regulations related to packaging waste are encouraging manufacturers to increase their investment in R&D activities to develop sustainable packaging materials. This is expected to boost demand for skin packaging owing to its cost-effective features that demand for less packaging resources and prevent food loss by prolonging the shelf life of the food product.
Moreover, high disposable incomes and changing lifestyles have led to an increase in the consumption of packed goods, which in turn are expected to drive demand for skin packaging globally.
Global Skin Packaging Market: Region-wise Outlook
The Asia-Pacific region accounts for a major share of the skin packaging market currently in terms of value, closely followed by Europe and North America. The global skin packaging market in developing countries, such as China and India, is projected to grow at a higher rate from 2016 to 2026. China is likely to grow faster than other countries, owing to its strong economic growth, combined with increased food consumption and rapid urbanization witnessed in the country.
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Global Skin Packaging Market: Competitive Landscape
The key players in the global skin packaging market have strong established distribution networks across the world and the financial strength to sustain their market position. The same cannot be said about new entrants in the market. In order to achieve growth in the global skin packaging market, the players need to: have a strong distribution network to facilitate the timely delivery of their products to customers, whenever needed, as well as implement all rules & regulations laid down by several regulatory bodies.
Global Skin Packaging Market: Key Players
Some of the major players identified in the global skin packaging market are:
Sealed Air Corporation
Berry Plastics Group, Inc.
Clondalkin Group Holdings B.V.
I. du Pont de Nemours and Company
Bemis Company, Inc.
Display Pack Inc.
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