Skin packaging materials market Analysis, Size, Segments and Demand with Forecast To 2023
Key Players
Bemis Company Inc., Berry Plastics Group Inc., Sealed Air Corporation, LINPAC, Reynolds Flexible Packaging, The DOW Chemical Company, Westrock Company, Clondalkin Group Holdings B.V., Linpac Packaging Limited, Display Pack Inc., and G. Mondini SPA., and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Skin packaging materials market.
Industry/ Innovation/ Related News
The key strategies followed by most companies within the global Skin packaging materials are that of new product development.
On April 29, 2016, Bemis Company Inc. acquired medical device packaging operation of SteriPack Group. This acquisition will diversify their presence in Ireland as well as it will strengthen its packaging production assets in Malaysia and the U.S.
In 2015, Berry Plastics Group, Inc. acquired AVINTIV Inc. from private equity funds managed by The Blackstone Group LP for approximately USD 2.45 Million.
Skin packaging materials market – Segmentation
The global skin packaging materials market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Material: Comprises Paper & paperboard, LDPE, PVC, and others
Segmentation by Application: Comprises Food, Consumer goods, Industrial goods, and others
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Skin packaging materials market: Regional Analysis According to the North American Meat Institute (NAMI), the meat and poultry industry is the largest segment of U.S. agriculture. Total meat and poultry production in 2012 reached more than 93 billion pounds. There is an immense need for proper packaging of such meat products, which will ensure longer shelf life of the meat products. For this reason, skin packaging materials market is gaining traction in the U.S. region. Europe has accounted for the second largest share in global skin packaging materials market, owing to large packaged and processed food demand. According to the European Commission, export growth was strongest for meat and dairy products between 2010 and 2011. The increasing need for proper packaging of meat and dairy products, has led to high growth of the skin packaging materials market.
APAC is expected to experience the fastest growth during the forecasted period due to the economic growth of China and India. The rising population of the region, along with high disposable income and the demand for safe & hygienic packaging of products are factors driving the growth of the vacuum packaging market in this region.
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