Skin Packaging Market: Investors Focus on APAC as F&B Sector Gains Momentum

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The significance of skin packaging in multiple industries has grown in recent times owing to the many benefits it presents in terms of safeguarding products from light, harmful gases, mechanical hazards, and humidity. Transparency Market Research, in a report titled “Skin Packaging Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2026”, finds that the global market is poised to exhibit a modest growth rate during the course of the forecast period.

In the food industry, skin packaging is used to package fresh as well as processed products such as meat, fish, poultry, dairy, ready-to-eat meals, and snacks. This kind of packaging helps retain the flavor and quality of the food items, thereby lengthening their shelf life. In the consumer goods and industrial segment, skin packaging finds application in packing aeronautical components, ball bearings, and electrical components, among others.

The report studies the global skin packaging market on the basis of several criteria, such as type, heat seal coating, base material, application, and geography. By type, the market can be broadly bifurcated into carded and non-carded skin packaging. The latter accounts for a major share in the overall market owing to the host of benefits this type of packaging offers. Non-carded skin packaging allows for vertical presentation, has an easy opening option, and is available in a variety of packaging materials in metalized and glossy surfaces.

The main base materials for skin packaging include paper and paperboard and plastic films. The plastic films segment is projected to expand at a rapid pace through 2026 and this packaging material is fast replacing metal and glass, especially in the food sector. Skin packaging finds application in the food, consumer goods, and industrial goods sectors. The growing need to improve the shelf life of perishable food items and minimize food wastage drives the demand for skin packaging in the food industry.

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By heat seal coating, the market can be segmented into solvent-based and water-based. On the basis of geography, the global skin packaging market comprises Latin America, North America, Eastern Europe, Western Europe, the Middle East and Africa, Asia Pacific excluding Japan, and Japan. Asia Pacific is, by far, the most promising market for skin packaging and growth in this region can be attributed to the rapid development of the food and beverages industry. China and India are leading contributors thanks to the strong economic growth in these countries and the soaring consumption of food.

The report on the global market for skin packaging includes a detailed section on the competitive landscape, wherein the key players have been identified and profiled based on parameters such as financial and business overview, recent developments, growth strategies, and product portfolio. Bemis Company, Inc., I. du Pont de Nemours and Company, Sealed Air Corporation, Berry Plastics Group, Inc., WestRock Company, Linpac Packaging Limited, The Dow Chemical Company, Clondalkin Group Holdings B.V., Display Pack Inc., and Mondini SPA are some of the prominent competitors in the skin packaging market.

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