Skin Packaging Market Trends, Top Companies, Share, Growth And Forecast 2033

The skin packaging market size has grown strongly in recent years. It will grow from $11.09 billion in 2023 to $11.78 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to retail industry demand, product visibility and display, cost-effective packaging, customization and branding opportunities, food industry compliance.

The skin packaging market size is expected to see strong growth in the next few years. It will grow to $14.77 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to e-commerce packaging solutions, increased focus on recyclability, globalization of retail chains, rising consumer preferences for freshness, rising consumer preferences for freshness. Major trends in the forecast period include technological advancements in packaging machinery, innovations in material technology, modified atmosphere packaging (map), advanced printing and graphic design, integration of smart packaging technologies, customization and brand differentiation.

Market Overview -
Skin packaging is a kind of carded packaging in which a product is positioned in trays or on a piece of paperboard, and the product and paperboard are covered with a thin sheet of transparent plastic. It is commonly used in the packaging of food products such as seafood and meat and the packaging of car parts, consumer goods, and hardware.

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Rising Food Industry Demand Fuels Growth In The Skin Packaging Market
Growing demand for the food industry is expected to propel the growth of the skin packaging market going forward. The food industry encompasses the production, processing, distribution, and consumption of food products. Skin packaging, known for its ability to provide a protective and visually appealing covering for food products, is favored in the food industry for its ability to enhance product visibility and freshness. For instance, in September 2022, according to a report published by Statistics Sweden, a Sweden-based government agency, sales of food and beverages increased by 2.9% to $29.85 billion (SEK 334 billion) in 2022. Therefore, the growing demand for the food industry is driving the growth of the skin packaging market.

Competitive Landscape -
Major companies operating in the skin packaging market report are Dow Chemical Company, Westrock Company, Berry Global, Amcor PLC, Tetra Pak International SA, Sealed Air Corporation, MULTIVAC Sepp Haggenmüller SE & Co. KG, Windmöller & Hölscher, Bemis Company, Inc, ProAmpac, Ampac Group, Flexopack SA, Linpac Packaging Limited, Gruppo Fabbri, G.Mondini SPA, Display Pack Inc., Stamar Packaging, Schur Flexibles Group, PAC Machinery, Clondalkin Group, Universal Plastic Bag Co., KM Packaging Services Ltd, Solidus Communications Inc., Plastopil Hazorea Co. Ltd, Shawnee Chemical

Mondi Plc And Veetee Rice Limited's Collaborative Launch Of Recyclable Paper-Based Dry Rice Packaging
Major companies operating in the skin packaging market are developing innovative products, such as skin films, to better serve customers. Skin films, or vacuum skin packaging (VSP) films, are a type of thin, transparent plastic material used to wrap products tightly onto a backing board or tray. For instance, in March 2023, Wentus GmbH, a Germany-based plastic fabrication company, launched WENTOPRO SkinTight 20 UHT and UHT-M skin films. These films are designed for use in packaging and are said to offer improved shine, strength, cutting, and sealing properties, leading to higher productivity and lower waste. WENTOPRO SkinTight 20 UHT and UHT-M satisfy US regulations for fresh fish packaging and have an oxygen permeability of >10,000 cm2 (m2d bar).

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Key Segments -

The skin packaging market covered in this report is segmented -

1) By Type: Carded Skin Packaging, Non-Carded Skin Packaging
2) By Base Material: Plastic Films, Paper and Paperboard, Polyethylene, Base Materials
3) By Application: Food, Consumer Goods, Industrial Goods

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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