DUBLIN--(BUSINESS WIRE)--The "Global Skin Packaging Market - Segmented by Type of End-user Vertical (Fast-moving Consumer Goods, Food & Beverage and Retail), and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global skin packaging market is estimated to be worth USD 8.08 billion in 2018, and is projected to reach USD 11.05 billion by 2023, at a CAGR of 5.36% during the forecast period (2018 - 2023).
Increasing the shelf life has been the major goal of packaging companies, and therefore fresh products are increasingly packaged in skin films. The modern lifestyle of consumers has been forcing them to try to save time and money, which resulted in increasing demand for ready-to-eat products. This trend has encouraged the packaging companies to come up with diverse options for consumers, thereby driving the sales of packaging applications lucratively.
The food market in Asia-Pacific region was estimated to be USD 885.2 billion in 2016 and is projected to reach USD 1,216.5 billion by 2021, registering a CAGR of 6.6%. The sub-sectors that are expected to use skin packaging the most include- meat products & sausages, processed fish & seafood, and processed vegetables & fruits.
Due to globalization, increasing middle-class population, and changing lifestyles of people, there has been a huge demand in the packaging market. In the recent times, there has been a rising demand for miniaturization of packaging, due to the ready-to-eat convenience for customers. Due to an increase in the cost of raw materials, the size of food packaging has been shrinking.
Key Topics Covered
2. Research Approach and Methodology
3. Market Insights
4. Market Dynamics
5. Technology Snapshot
6. Global Skin Packaging Market Segmentation
7. Competitive Intelligence - Company Profiles
- Bemis Company Inc.
- Berry Plastics Group Inc.
- Clondalkin Group Holdings B.V.
- Display Pack Inc.
- E.I. Du Pont De Nemours and Company
- LINPAC Packaging Limited
- Mondini SPA
- Sealed Air Corporation
- The DOW Chemical Company
- West Rock Company
8. Investment Analysis
9. Future Outlook of Skin Packaging Market
For more information about this report visit https://www.researchandmarkets.com/research/d22psr/global_skin?w=4