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

Vacuum skin packaging is increasingly preferred for prolonging the shelf life of perishable food products, notably meat, poultry, and dairy products. The type of packaging is popularly used for packaging ready-to-eat meals, seafood, processed meats, and cheese. The packaging protects the packaged food products against environmental deterioration due to gases, light, and stickiness. An increased shelf-life reduces the food wastage both at the ends of retailers and end users. The use of vacuum skin packaging also offers promising opportunities for food brands to conquer new markets and providers of ready-to-eat food products to enhance their business value. Moreover, the packaging helps in reducing the transportation cost. The rising demand for fresh produce propels the steady evolution of the vacuum skin packaging market.

Vacuum skin packaging as a versatile packaging improves product quality, freshness, and convenience for a variety of packaging formats. In addition, the packaging has also gathered steam as one of the key determinants for shelf presentation by brands in the food industry.

The report offers a detailed assessment of key demand dynamics and offers insights into current and emerging lucrative avenues. It also takes a critical look at changing end user trends and technological advances that will underpin new cycles of investments by emerging and top players.

Global Vacuum Skin Packaging Market: Trends and Opportunities

The rising affinity toward processed and ready-to-eat food is one of the prominent trends in the global vacuum skin packaging market. Growing need for better shelf life for meat, poultry, fish, and dairy is bolstering the demand for such packaging in various developing and developed regions. World over, there is a growing need for versatile packaging that can reduce the transportation cost and bring sustainability in the entire food value chain. Rising consumption of meat and poultry in developing regions is another important trend boosting the market.

The proliferation of retail outlets that sell processed food and ready-to-eat meals is one of the significant trends underpinning lucrative avenues for the uptake of vacuum skin packaging. Rapid strides made in the retail sector, especially in urban space in various parts of developing regions, is offering a broad impetus to the expansion of the global vacuum skin packaging market. However, the lack of awareness about the disposal of vacuum skin packaging waste has dampened the market’s prospects. Nevertheless, the cost-effective nature of this packaging type will keep the market increasingly lucrative. Increasing focus on shelf presentation to boost customer appeal for a variety of ready to eat products is expanding the possibilities in the global vacuum skin packaging market.

Global Vacuum Skin Packaging Market: Regional Outlook

The various regional markets for vacuum skin packaging are North America, Asia, the Middle East and Africa, Latin America, and Europe. Of these, Asia Pacific is expected to attain a major share amounting to 41.6% by the end of 2025. The growth in the regional market is propelled by the staggering rise of retail outlets in several of its emerging economies. Urban consumers have been demanding processed food with increased shelf life. Technology advancements in vacuum skin packaging equipment also augurs well for emerging markets.

Companies Mentioned in Report

The global vacuum packaging market features an increasingly fragmented landscape with several players jointly holding a sizeable pie in the global vacuum skin packaging market. However, the market is expected to witness increasing intensity of competition in the global market. Some of the prominent players operating in the global vacuum packaging market are Quinn Packaging Ltd., Plastopi Hazorea Company Ltd., Bemis Company, Berry Plastic Group Inc., and LINPAC Packaging Limited.

Global Vacuum Skin Packaging Market Segmentation

By Product Type

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

By Material Type

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

By Barrier Type

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

By Layer Type

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

By End Use Type

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

By Region

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