Skin Packing Film Market Demand, Industry Size, Top Players, Opportunities, Revenue And Regional Forecast To 2023
Summary
Global Skin Packing Film Market by Material (polypropylene (pp), polyethylene (pe), polyvinyl chloride (pvc) and other), by Application (meat, poultry, cheese and others) and by Region - Global Forecast to 2023
Skin Packing Film Market Global Market – OverviewSkin Packing Film is a technique of packaging in which the product packed in a plastic film, after removal of air from the package. The Skin Packing Film has either a rigid or semi-rigid bottom web which facilitates the holding of the products in place.
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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 Packing Film market.
Industry/ Innovation/ Related News
The key strategies followed by most companies within the global Skin Packing Film Market 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.
Segmentation
The global Skin Packing Film 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.
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 Packing Film market is gaining traction in the U.S. region.
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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