Global Vacuum Skin Packaging Market: Snapshot

The global vacuum skin packaging market is fragmented in nature in which the top 12 players account for just 12.0% of market share. In order to bolster their positions most players have been resorting to product innovation by investing in research and development.

There are many factors resulting in the sales of vacuum skin packaging. At the forefront of them is their ability to prevent wastage of food by reducing the chances of leakage and keeping its quality intact for longer periods of time. This coupled with their ease of usage reduces maintenance costs. Vacuum skin packaging also makes the packed product visible which makes it easier for discerning consumers to gauge the quality of the food.

Constant thrust on research and development to come up with better, innovative products is also seen to be boosting the market. Take for example the vacuum skin packed food in dual-ovenable or microwave- only technologies that has served to up ease of usage, resulting in their higher uptake by among consumers who are hard pressed for time.

Acting as a deterrent to the global vacuum skin packaging market, on the other hand, is the emergence of substitutes such as modified atmospheric packaging and also concerns over the quality of food, especially meat that has been kept packed for long.

A report by Transparency Market Research forecasts the global vacuum skin packaging market to rise at a CAGR of 6.0% from 2017 to 2025 to become worth US$36 bn by 2025.

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Fresh Produce Segment to Surpass Others Vis-à-vis Growth

The different end-use sectors in the global vacuum skin packaging market are meat, poultry, seafood, dairy products, fresh produce, and ready meals, among others. Of them, the segment of fresh produce is predicted to clock the maximum CAGR of 7.1% between 2017 and 2027 as it needs most to be preserved. However, it is the meat packaging segment that accounts for maximum market share at present. Going forward it is expected to retain its dominant share in the market, albeit trimming it. The report by TMR expects the segment to hold 27.9% share in 2025. Meat poultry and sea food combined are expected to account for over two thirds of the vacuum skin packaging market.

Prominent participants in the global vacuum skin packaging market are Sealed Air Corp., Amcor Limited, Bemis Company, Inc., Berry Plastic Group, Inc., Winpak Ltd., LINPAC Packaging Limited, MULTIVAC, Plastissimo Film Co., Ltd., Schur Flexibles Holding GesmbH, Plastopil Hazorea Company Ltd, and Quinn Packaging Ltd.

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Global Packaging Outlook
2.1. Global Packaging Industry Overview
2.2. Global Flexible Packaging Market Overview
2.3. Consumer Preferences Analysis for Packaging
2.4. Packaging Decision Matrix

3. Global Vacuum skin Packaging Market Introduction
3.1. Global Vacuum Skin Packaging Market Taxonomy
3.2. Global Skin Packaging Market Value Chain Analysis
3.2.1. List of Active Participants
3.2.1.1. Raw Material Supplier
3.2.1.2.  Manufacturers
3.2.1.3. Distributors/Retailers
3.3. Global Vacuum Skin Packaging Market Definition