A recent report published by Infinium Global Research on skin packaging market provides an in-depth analysis of segments and sub-segments in the global as well as regional skin packaging market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional skin packaging market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global skin packaging market. According to the report, the global skin packaging market is projected to grow at a CAGR of 4.3% over the forecast period of 2019-2025.
The skin packaging is a technology that provides a coating with protective material like a second skin on the product. This method widely used for food products. The most important factor in the packaging of a food product is to interrupt the connection external environment with the product. Which is, in turn, extend the shelf life of the product. Further, in-store this type of packaged product is available like scissors, a wide range of spare parts and tools. In the skin packaging method, the air is completely drained from the tray which the product is placed in. The upper is closed on the exact shape of the product so that the connection of the product with an external environment is completely cut off. Skin packaging helps end-user to directly see the color and freshness of the product. Through the skin packaging, the product shape is never deformed and never slumdown owing to suspended or slanted shelves
The growing demand for a variety of food products in easy to store packaging format and massive consumption of packaged food products are driving the demand for the global skin packaging market. Further changing consumption patterns of a consumer provides a growing demand for this market. However, factors such as increased aversion to non-biodegradable materials such as plastic, stringent guidelines and directives regarding packaging materials and availability of a number of substitutes are hindering the growth of the market. Moreover, growing a pace of urbanization and increasing disposable income of developing countries provide immense scope for the global skin packaging market.
Geographically, the skin packaging market is segmented into North America, Europe, the Asia-Pacific, and the RoW. The Asia-Pacific is the largest market player in the skin packaging market owing to urbanization, strong financial development and massive growth of food consumption and packaged food.
The report on global skin packaging market covers segments such as material and application. On the basis of material, the sub-markets include paper and paperboard, LDPE, and PVC. On the basis of application, the sub-markets include food, consumer goods, industrial goods, and others.
The report provides profiles of the companies in the market such as Bemis Company, Inc, The DOW Chemical Company, Linpac Packaging Limited, Sealed Air Corporation, G. Mondini SPA, Westrock Company, Clondalkin Group Holdings B.V, Display Pack Inc., and Berry Plastics Group, Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of skin packaging market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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