Premium skin packaging solutions attract high-end consumers, particularly in food, beverages, and luxury goods sectors, states Fact.MR

According to Fact.MR, a market research and competitive intelligence provider, the global Skin Packaging Market is estimated to reach a valuation of US$ 15.9 billion in 2034 and is expected to grow at a CAGR of 4.1% during the forecast period of 2024 to 2034.

The global market for skin packaging has played a very important role in the packaging industry, uniquely offering an exotic solution with a thin plastic film vacuum-sealed over a product on paperboard or plastic backing. Such packaging leaves little to no movement of the product as it creates a tight second-skin effect, enhancing product presentation while providing excellent protection.

The market is experiencing tremendous growth due to several significant factors. The food and beverage segment, particularly the meat and seafood sector, constitutes the largest application area as skin packaging can help extend shelf life and maintain the freshness of products. The growth of the retail sector's demand for attractive, tamper-evident packaging solutions has further hastened the growth of the market.

The consumer demand for convenience foods and ready-to-cook meals increases the adoption of skin packaging as it provides high visibility, protection, and portion control. Pharmaceutical and consumer goods industries are also increasingly adopting skin packaging for medical devices, electronics, and industrial parts.

Leading Players Driving Innovation in the Skin Packaging Market:

The Key Players in the infant skin packaging industry include Amcor Ltd; Bemis Company, Inc; Berry Global Inc; Display Pack, Inc; Dow Chemical Company; Flexopack S.A.; G. Mondini S.p.A.; Grief, Inc; International Paper Co; MULTIVAC Sepp Haggenmüller SE & Co. KG; Orora Ltd; ProAmpac; Sealed Air Corporation; Sigma Plastics Group; WestRock Company; Windmöller & Hölscher

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Skin Packaging Market News & Trends:

Flexopack S.A.: Flexopack S.A. announced in September 2023 that it will start providing biodegradable packaging solutions as part of its dedication to sustainability. Customers who are concerned about the environment are the target market for this new product line, which maintains the food's safety and preservation qualities.

The recently released research from Fact.MR includes comprehensive data on the pricing points of major skin packaging manufacturers by region, sales growth, production capacity, and speculative technical advancement.

Key Takeaways from the Skin Packaging Market Study:

The global skin packaging market is projected to grow at 4.1% CAGR and reach US$ 15.9 billion by 2034.The market created an opportunity of US$ 5.3 billion between 2024 to 2034

North America is a prominent region that is estimated to hold a market share of 23.9% in 2034

Predominating market players include Amcor Ltd, Flexopack S.A. & Grief Inc. Non-carded skin of skin packaging is estimated to grow at a CAGR of 4.1% creating an absolute $ opportunity of US$ 3.3 billion between 2024 and 2034.Food packaging under the segment of application type is expected to reach around US$ 4.8 billion by 2024

“Technological advancements enabling better material performance and cost-effective manufacturing solutions” says Fact.MR analyst.

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Development by Market Players in the Skin Packaging Market:

• Berry Global Inc.: August 2024, Berry Global unveiled plans for a tax-free separation of a sizable chunk of its Health, Hygiene and Specialties segment. This particular route of action is taken to encourage operational efficiencies and concentrate on the more profitable products in the division, which is known as Flexibles, previously Engineered Materials.
• G. Mondini S.p.A.: December 2023, G. Mondini partner with Graphic Packaging International to enhance the PaperSeal™ fiber trays. This initiative is part of their commitment to environmentally friendly packaging solutions for both fresh and ready to consumption food products.
• Dow Chemical Company: November 2023, the company has setup new eco-efficient solutions targeted to mitigate the excess plastic waste. This is in line with many sustainability objectives across the globe, as well as increasing consumer desire to have green packaging materials within the business.

More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global skin packaging market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study reveals essential insights based on Product Type (Carded Skin, Non-carded Skin), Application (Food, Consumer Goods, Industrial Goods, and Other Applications), Base Material (Plastic Films, Paper & Paperboards, Other Base Materials) & across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, Middle East & Africa).

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