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Published Date: 2017-07-20Number of Pages: 264

Vacuum Skin Packaging Market (Product - VSP Films (Films, Bags, and Pouches) and Tray and Films; Material - PE (HDPE, LDPE, and LLDPE), PVC, PP, EVAC, EVOH, PA, PET, and PS; Barrier - Low Barrier, Medium Barrier, High Barrier, and Ultra High Barrier; Layer Type - Film (Monolayer, 3 Layer, 5 Layer, and 7 Layer) and Trays; End Use - Meat, Poultry, Seafood, Dairy Products, Fresh Produce, and Ready Meals) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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.

 

vaccum skin packaging market

 

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.

Burgeoning Modern Retail Outlets Catapult Asia Pacific Market to Forefront

From a geographical standpoint, Asia Pacific accounts for a leading share in the global vacuum skin packaging market. Expanding at a CAGR of 8.2%, the region is slated to increase the share further to 41.6% by 2025. With increasing penetration of modern retail outlets in Asian region the demand for vacuum skin packaging is set to increase over the forecast period. The market in the region is primarily powered by China which accounts for mammoth share in the market.

North America trails Asia Pacific in terms of market share in the global vacuum skin packaging market. Rising at a tepid CAGR of 4.8%, the market will likely trim its share in the near future. The U.S. is the main market in the region that far surpasses Canada both in terms of value and volume. Europe comes in the third position vis-à-vis market share and is slated to expand at a CAGR of 4.0% between 2017 and 2025.

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.

Global Vacuum Skin Packaging Market: Overview

This report provides forecast and analysis of the vacuum skin packaging market on Global level. It provides historical data of 2016 along with estimated data of 2017, and forecast data up to 2025 in terms of revenue (US$ Mn) and volume (‘000 Tonnes). The report also includes macroeconomic indicators along with an outlook on vacuum skin packaging consumption pattern across the globe. It includes drivers and restraints of the global vacuum skin packaging market and their impact on each region during the forecast period. The report also comprises the study of current issues with end users and opportunities for vacuum skin packaging manufacturers. It also includes value chain analysis.

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, FAO, Packaging Digest, and Hoover’s, and company annual reports and publications. Market numbers have been estimated based on extensive secondary and primary research, average pricing of vacuum skin packaging by product type and the revenue is derived through regional pricing trends. The vacuum skin packaging market has been analyzed based on expected demand. Prices considered for the calculation of revenue are average regional prices obtained through primary quotes from numerous regional vacuum skin packaging manufacturers, suppliers, and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Country demand patterns have been considered while estimating the market for various end users of vacuum skin packaging in the different regions. Top-down approach has been used to estimate the vacuum skin packaging market by regions. Global market numbers by product type, by material type, by barrier type, by layer type and by end use have been derived using the bottom-up approach, which is cumulative of each country’s demand. Company-level market share has been derived on the basis of revenues reported by key manufacturers. The market has been forecast based on constant currency rates.

Global Vacuum Skin Packaging Market: Segmentation

The report includes consumption of vacuum skin packaging and the revenue generated from sales of vacuum skin packaging across the globe and important countries. by Product Type (VSP Films & Trays and Films), by Material Type (PE, PVC, PP, EVAC, EVOH, PA, PET, PS and others), by Barrier Type (Low Barrier, Medium Barrier, High Barrier and Ultra High Barrier), by Layer Type (Monolayer, 3 Layer, 5 Layer, 7 Layer) and by End Use (Meat, Poultry, Consumer Seafood, Dairy Products, Fresh Produce, Ready Meals and Other).

Market size and forecast for each segment have been provided in the context of global and regional markets.

Global Vacuum Skin Packaging Market: Segmentation

In order to provide users of this report with comprehensive view of the market, we have included detailed competitiveness analysis and company players with their SWOT analysis and strategy overview. The dashboard provides detailed comparison of vacuum skin packaging manufacturers on parameters such as operating margin, total revenue, product portfolio, and what we call ‘innovation scale’. The study encompasses market attractiveness analysis by product type, by material type, by layer type, by barrier type, by end use and region.

The report provides detailed competitive and company profiles of key participants operating in the Global market. Key Players of the vacuum skin packaging market are Amcor Limited, Sealed Air Corp., Bemis Company, Inc., Berry Plastic Group, Inc., LINPAC Packaging Limited, Winpak Ltd., Plastissimo Film Co., Ltd., Schur Flexibles Holding GesmbH, Plastopil Hazorea Company Ltd, MULTIVAC and Quinn Packaging Ltd.     

Vacuum skin packaging market segmentation is below

Vacuum skin Packaging Market – By Product Type

  • VSP Films
    • Films
    • Bags
    • Pouches
  • Trays & Films

Vacuum skin Packaging Market – By Material Type

  • PE
    • HDPE
    • LDPE
    • LLDPE
  • PVC
  • PP
  • EVAC
  • EVOH
  • PA
  • PET
  • PS
  • Others

Vacuum Skin Packaging Market – By Barrier Type

  • Low Barrier
  • Medium Barrier
  • High Barrier
  • Ultra High Barrier

Vacuum Skin Packaging Market – By Layer Type

  • Film
    • Monolayer
    • 3 Layer
    • 5 Layer
    • 7 Layer
  • Trays (Monolayer)

Vacuum Skin Packaging Market – By End Use Type

  • Meat
  • Poultry
  • Seafood
  • Dairy Products
  • Fresh Produce
  • Ready Meals
  • Others

Vacuum Skin Packaging Market – By Region Type

  • North America
  • Latin America
  • Europe
  • Asia
  • MEA


 
 
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