About Skin Packaging
Skin packaging is used to package food products, consumer goods, and industrial goods. It is a type of carded packaging. In this packaging, the product that needs to be packaged is placed on a paperboard and is covered with a sheet of transparent plastic such as PVC or other plastic resins. The major end-users of skin packaging are the food, consumer goods, and industrial goods industries.
Technavio’s analysts forecast the global skin packaging market to grow at a CAGR of 5.21% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global skin packaging market for 2016-2020. To calculate the market size, the report takes into account the total revenue generated from the different geographical regions. The report includes two broad categories of market segmentation: type and geography.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Skin Packaging Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Skin Packaging Market: Bemis, Berry Plastics, Clondalkin Group Holdings, LINPAC, G. Mondini, and Sealed Air.
Other Prominent Vendors in the market are: Creative Forming, Display Pack, Innovative Plastics, MTS Medication Technologies, Placon, Plastic Ingenuity, Polyone, Prent, Reynolds Flexible Packaging, Rohrer, Tekni-Plex, and The DOW Chemical.
Commenting on the report, an analyst from Technavio’s team said: “One of the major trend in the market is shift from MAP to vacuum skin packaging. Innovative vacuum skin packaging enables greater consumer appeal and enhances the shelf space efficiency of products, thereby providing maximum protection to goods during transit and in stores. Vendors are shifting toward vacuum skin packaging owing to the aforementioned benefits.”
According to the report, there are several drivers contributing the growth of the market such as the shelf-life enhancement of food products. According to the Food and Agriculture Organization of the United Nations, it is estimated that nearly one-third of food produced for human consumption is wasted globally, which is around 1.3 billion tons annually. To overcome this problem, food packaging vendors have introduced active packaging, which maintains product quality and increases the shelf life of food products.
Further, the report states that growing prices of raw materials such as plastic resins increase the manufacturing cost of flexible plastic packaging as well as reduce vendor margins.
Bemis, Berry Plastics, Clondalkin Group Holdings, LINPAC, G. Mondini, Sealed Air, Creative Forming, Display Pack, Innovative Plastics, MTS Medication Technologies, Placon, Plastic Ingenuity, Polyone, Prent, Reynolds Flexible Packaging, Rohrer, Tekni-Plex, The DOW Chemical.
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