Vacuum Skin Packaging provides special film to surround the product with low-shelf life and seal the entire surface of the pack like a second skin. This ensures the longevity of the product by preserving product integrity, shape, and texture to make the product ready to be delivered to the market. The vacuum skin packaging market share is projected to be worth USD 33.7 Billion by 2027, registering a CAGR of 4.6% during the forecast period (2020 - 2027).
The most important factor driving the global vacuum skin packaging market share is the government regulations regarding food safety standards. Other factors elevating the market growth include growing demand for vacuum skin packaging, growing production of meat products, and changing food habits across the world.
The global vacuum skin packaging market share segmentation covers application and material. MRFR’s attempt to understand market trends are expected to gain much from this segmentation.
As per the application-based segmentation, this market covers cheese, meat, poultry, and others. These products have little shelf life. Therefore, they need to have vacuum skin packaging to prevent contamination by exposure to air.
Based on material, the market has been segmented into polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC), and others. During the forecast period, the PE segment is likely to dominate the global vacuum skin packaging market share as its inert properties do not react with food products. Resistant to attack by micro-organisms, PE can also prevent biological degradation.
The geographical synopsis of the global market has been conducted in four major regions, including North America, the Asia Pacific, Europe, and the rest of the world.
Asia Pacific dominates the global market for rigid plastic packaging and North America follows. The fastest-growing area for the industry is projected to be the one. It includes countries like China, India, and Japan which lead to the export of goods to different parts of the world. Increasing industrialization and urbanization in developing countries like China and India is providing demand boosting. In addition, the availability of raw materials and low labor costs together allow a positive impact on the growth of the industry. China accounts for the biggest share of the Asia Pacific region's rigid vacuum skin packaging. North America is the second-largest business area. Increased soda intake is fuelling demand growth. It is also predicted that Latin America and the Middle East Africa regions will experience high growth over the forecast period due to increasing demand from the manufacturing and e-commerce market. The expected contribution of the European region during the forecast period is important.
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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.), G. Mondini SA (Italy), and Green Packaging Material (Jiangyin) Co., Ltd. (China) are some of the prominent players at the forefront of competition in the global vacuum skin packaging market share and are profiled in MRFR Analysis.
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