Global Skin Packaging Market Drivers 2024, Forecast To 2033
28 Mar, 2024
The skin packaging market has experienced robust growth in recent years, with its size increasing from $11.09 billion in 2023 to $11.78 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. This growth in the historic period can be attributed to the demand from the retail industry, which emphasizes product visibility and display, alongside the advantages of cost-effective packaging. Additionally, customization and branding opportunities, along with compliance within the food industry, have further fueled this expansion. Looking ahead, the market is projected to continue its strong growth trajectory, reaching $14.77 billion in 2028 at a CAGR of 5.8%. Anticipated drivers of growth in the forecast period include the adoption of e-commerce packaging solutions, a heightened focus on recyclability, and the globalization of retail chains. Moreover, increasing consumer preferences for freshness are expected to play a significant role in shaping market dynamics. Emerging trends such as technological advancements in packaging machinery, innovations in material technology, and the integration of smart packaging technologies are poised to further drive market expansion, facilitating customization and brand differentiation.
Global Skin Packaging Market Key Driver
The burgeoning demand within the food industry is anticipated to drive the expansion of the skin packaging market in the foreseeable future. The food industry, encompassing various activities from production to consumption of food products, relies on skin packaging for its protective and visually appealing qualities, which enhance product visibility and freshness. For example, as reported by Statistics Sweden in September 2022, sales of food and beverages surged by 2.9% to $29.85 billion (SEK 334 billion) in 2022. This surge underscores the pivotal role of skin packaging in meeting the evolving needs of the food industry. Hence, the growing demand within the food industry is a key driver behind the growth of the skin packaging market. The 2023 market size for skin packaging is expected to reflect this trend, with continued growth projected for 2024 and 2028.
Get A Free Sample Of The Global Skin Packaging Market ReportGlobal Skin Packaging Market Segments
The skin packaging market covered in this report is segmented –
1) By Type: Carded Skin Packaging, Non-Carded Skin Packaging
2) By Base Material: Plastic Films, Paper and Paperboard, Polyethylene, Base Materials
3) By Application: Food, Consumer Goods, Industrial Goods
By Geography:The regions covered in the skin packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the skin packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the skin packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Skin Packaging Industry Players
Dow Chemical Company, Westrock Company, Berry Global, Amcor PLC, Tetra Pak International SA, Sealed Air Corporation, MULTIVAC Sepp Haggenmüller SE & Co. KG, Windmöller & Hölscher, Bemis Company, Inc, ProAmpac, Ampac Group, Flexopack SA, Linpac Packaging Limited, Gruppo Fabbri, G.Mondini SPA, Display Pack Inc., Stamar Packaging, Schur Flexibles Group, PAC Machinery, Clondalkin Group, Universal Plastic Bag Co., KM Packaging Services Ltd, Solidus Communications Inc., Plastopil Hazorea Co. Ltd, Shawnee Chemical
Get The Full Global Skin Packaging Market ReportSkin Packaging Market Overview
Skin packaging is a kind of carded packaging in which a product is positioned in trays or on a piece of paperboard, and the product and paperboard are covered with a thin sheet of transparent plastic. It is commonly used in the packaging of food products such as seafood and meat and the packaging of car parts, consumer goods, and hardware.
Skin Packaging Global Market Report 2023 provides data on the global skin packaging market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The skin packaging market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.