Skin Packaging Market Expected To Have An estimated Worth Of $13.38 Billion Valuation By 2025 | CAGR: 5.8%

The global skin packaging market size is expected to reach USD 13.38 Billion by 2025, registering a 5.8% CAGR over the forecast period, according to a new report by Grand View Research, Inc. Rising demand for cost-effective packaging solutions coupled with increasing focus on reducing the volume of packaging material required is expected to benefit the market growth.
Factors including rapid urbanization, changing lifestyles, and growing disposable incomes are likely to propel the demand for packaged goods, which is in turn likely to have a positive impact on the market growth. In addition, the increasing demand for innovative packaging solutions that ensure minimum product wastage is anticipated to boost the market growth.
Skin packaging offers several benefits such as increased shelf life of several food products, which helps minimize food wastage. In addition, it contours to the shape of the product without deforming it. The transparent and glossy film assists in attractive product presentation, thereby showcasing the product. Furthermore, the use of protective packaging fillers is reduced, thus making it an economical packaging option.
Plastic is the most commonly used material for skin packaging. Fluctuations in the prices of various plastic materials is further likely to impact the market growth. In addition, stringent regulations pertaining to plastic waste is expected to hamper the market growth over the forecast period. Thus, key players operating in the market are focusing on manufacturing products from sustainable materials such as bioplastics.
The skin packaging market is expected to be largely driven by the increasing demand for meat and poultry products especially in the developing countries in the Asia Pacific and Central & South America region. In addition, factors including affordability coupled with the growing middle-class population in these regions is further likely to strengthen the meat & poultry demand, which is in turn, likely to benefit the market growth.
U.S. skin packaging Market
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Further key findings from the report suggest:
  • The global market is anticipated to reach USD 13.38 billion by 2025, growing at an estimated CAGR of 5.8% over the forecast period, on account of several factors including increasing demand for packaged food products and rising demand for packaging solutions that ensure improved shelf life.
  • The plastics material segment accounted for the largest revenue share in the year 2018. Plastic types commonly used for skin packaging include polyethylene, ionomer, polyvinyl chloride, and PET, among others.
  • The food application segment is anticipated to grow at a CAGR of 6.5% from 2019 to 2025 owing to the increasing consumption of various food products such as meat, poultry, and seafood, among others.
  • Asia-Pacific skin packaging market is slated to grow at a CAGR of 6.2% from 2019 to 2025 on account of several factors including increased spending power of the consumers, growing demand for convenient packaging, and rapid growth of the manufacturing sector in the region
  • Growing consumer demand for high protein intake in North America is expected to propel the meat demand in the region, which is further anticipated to benefit the regional market growth.
  • Mergers & acquisitions, product innovations, and business expansions are among the major strategies adopted by key market participants to reinforce their competitive positions in the market.
  • For instance, in February 2019, Sealed Air acquired the flexible packaging business of MGM, a Philippines based company that offers flexible packaging materials for the consumer packaged goods sector, particularly in the Southeast Asia region.
Grand View Research has segmented the skin packaging market on the basis of material, type, application, and region:
Skin Packaging Material Outlook (Revenue, USD Million; 2014 - 2025)
  • Plastics
  • Paper & Paperboard
  • Others
Skin Packaging Type Outlook (Revenue, USD Million; 2014 - 2025)
  • Carded
  • Non-carded
Skin Packaging Application Outlook (Revenue, USD Million; 2014 - 2025)
  • Food
  • Consumer Goods
  • Industrial
  • Others
Skin Packaging Regional Outlook (Revenue, USD Million; 2014 - 2025)
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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