Skin Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
- Transparency Market Research
Global Skin Packaging Market: General Overview
Skin packaging is a type of paperboard packing, where the product is placed between a piece of paperboard and thin sheet of plastic. The printed paperboard commonly consists of heat-sealing coating. The plastic that is mostly used is LDPE, PVC, etc. It is one of the rapidly growing segments of the packaging industry. Skin packaging is widely used in institutional and consumer products and industrial applications to market, protect, and distribute a wide variety of products. Demand for skin packaging has increased in the past few years, led by various innovations and changing trends in the packaging industry. The fastest-growing product type is non-carded skin packaging. Plastic film is anticipated to be the fastest-growing material segment of the skin packaging market.
Skin packaging is extensively used in food, consumer goods, and industrial goods. The utility of skin packaging arises from properties of sealing and strength. Skin packaging accounts for major share of the food sector in the past decade. Skin packaging is used in the packaging of foods, fresh produces, electronic products, electrical components, tools, and spare parts. The skin packaging value chain comprises raw material suppliers, manufacturers, distribution and supply channels, and applications.
Global Skin Packaging Market: Trends and Opportunities
Rise in average disposable income in developing countries coupled with increasing consumer demand and growth in the food industry is fueling growth of the skin packaging market. Various factors hindering growth of the skin packaging market are stringent rules and regulations, increasing environmental concerns, and growing number of substitutes.
Factors such as rise in global manufacturing activities, growing middle class population, rising consumption of meat products, and changing lifestyles in emerging countries such as India and China have increased the need for packaged products. This, in turn, has driven demand for skin packaging as it is required to distinguish the product, protect the product from contamination during handling, offer high visibility, transport through the supply chain, and store without damage.
Global Skin Packaging Market: Regional Outlook
In terms of revenue, Asia Pacific accounted for major share of the market, followed by Europe and North America in 2014. The skin packaging market in developing countries such as China and India are projected to grow at a higher rate from 2015 to 2023. China is estimated to grow faster than any other country due to increase in food consumption, rapid urbanization, and strong economic growth.
Global Skin Packaging Market: Competitive Landscape
Companies in the global skin packaging market are well-established, thus making it difficult for new companies to enter the market. Consumers prefer products from established players rather than new ones. The skin packaging market faces stiff competition due to the presence of a large number of both big and small firms. Mergers and acquisitions, new product launches, and partnerships and expansions are key policies adopted by companies to boost growth in the market.
Key players in the market have strong distribution networks across the world as well as the economic strength to sustain them. The same cannot be said about new entrants in the market. It is essential to have a strong distribution channel for the skin packaging market to enable timely delivery of the product to customers whenever needed, as well as adhere to all rules and regulations laid down by various regulatory bodies.
Global Skin Packaging Market: Leading Players
Key players in the skin packaging market include E.I. DuPont De Nemours and Company, Linpac Packaging Limited, Sealed Air Corporation, Bemis Company, Inc., Clondalkin Group Holdings B.V., Display Pack Inc., The DOW Chemical Company, G. Mondini SPA, Berry Plastics Group, Inc. and Westrock Company. Several skin packaging manufacturers operate across the globe.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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- Market segments and sub-segments
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
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- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
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