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Sealed Air Corporation, & E.I. du Pont are top two players in the skin packaging market
Posted: May 06, 2019
The global skin packaging market is projected to reach USD 9.67 Billion in 2020, growing at a CAGR of 4.94% from 2015 and 2020.
Browse 212 market data tables and 66 figures spread through 219 pages and in-depth TOC on "Skin Packaging Market by Material (Plastic films, Paper & Paperboard, Others), Type (Carded, Non-carded), Heat Seal Coating (Solvent-based, Water-based, others), & Application (Food, Consumer goods, Industrial goods, others) - Global Forecast to 2020".
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High disposable incomes and changing lifestyles have led to an increase in the consumption of packed goods, which in turn drive the demand for skin packaging. Moreover, with increasing awareness about environmental hazards, the market will adopt technologies to develop sustainable packaging, which is environment-friendly, cost-effective, and requires less resources.
Skin Packaging Market, By Material (Plastics films, Paper & Paperboard, Others), Type (Carded, Non-carded), Heat Seal Coating (Solvent-based, Water-based, Others), & Application (Food, Consumer goods, Industrial goods, Others) – Global Forecast to 2020
The skin packaging market has been growing in accordance with the growth in the food and packaging industries. Rising production in the meat industry and the growing trend of convenience food highlight the need for skin packaging, which can increase the shelf life of the product and protect the product for contamination.
Increasing disposable incomes of people, rapid urbanization, and changing lifestyles are likely to drive the demand for packed goods. This will further boost the market for skin packaging over the next five years. In addition to this, the rising competition and concern towards environment will increase the demand for innovative packaging options, which is cost effective, differentiates products and appeals customers. This will drive developments in technologies used for skin packaging.
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The global skin packaging market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers & acquisitions, and partnerships & expansions are the key strategies adopted by market players to ensure their growth in the market.
The global market for skin packaging has been dominated by large players of the packaging industry such as Sealed Air Corporation (U.S.), E.I. du Pont de Nemours and Company (U.S.), Bemis Company, Inc. (U.S.), The Dow Chemical Company (U.S.), and WestRock Company (U.S.). Other payers include Bemis Company, Inc. (U.S.), Clondalkin Group Holdings B.V. (Netherlands), LINPAC Packaging Limited (U.K.), Display Pack Inc. (U.S.), and G. Mondini SpA (Italy).
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