The skin packaging product are widely used in North America and European region due to high dependency on convenience packaged food items such as ready to eat product, frozen and packaged food. Similar trends have penetrated in the traditional markets of emerging countries like China, India, Brazil, and others. There is seen an increase in the working population which further stimulates the demand for frozen and packaged food items. APAC has emerged as one of the leading markets for such packaging due to flourishing markets for frozen and ready-to-eat products. Moreover, manufacturing companies are seen investing more on the packaging to bring about technological advancement. This has also staggered the growth of the market. The global skin packaging market size is expected to cross $10 billion at CAGR of around 5% by 2022.
Key Players of Skin Packaging Market:
• Bemis Company Inc.
• Berry Plastics Group Inc.
• Sealed Air Corporation
• Reynolds Flexible Packaging
• The DOW Chemical Company
• Westrock Company
• Clondalkin Group Holdings B.V.
• Linpac Packaging Limited
• Display Pack Inc.
• G. Mondini SPA.
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Market Research Analysis:
The market is highly application based. The factors contributing to the growth of the global skin-packaging market are increasing demand for packaged foods, increases shelf life of food product, cost efficiency features and space-saving packaging. The market is expected to have higher growth rate as compared to the previous years. Asia-Pacific is the largest region for the skin packaging market, followed by Europe. Emerging countries like China and India is expected to show rapid growth in foods industries and industrialization leading to growth of skin packaging market. The Asia-Pacific region accounted for around 35-40% market share of skin packaging market.