Market research future published a cooked research report Global Vacuum Skin Packaging market that contains the information from 2017 to 2023. The Vacuum Skin Packaging market is expected to grow with the CAGR of approximately 5.77% from 2017 to 2023.
Taste the market data and market information presented through more than 85 market data tables and figures spread in 90 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Global Vacuum Skin Packaging market Information from 2017 to 2023″
Vacuum packaging is a technique predominantly used in the food industry with the intension of reducing or preventing the spoilage of food which may otherwise result in the loss of taste and in its textural quality. Increasing consumption of meat and poultry and growth in the retail sectors/increasing number of retails outlets are major factors driving the growth of the market.
Furthermore, research and development in the vacuum packaging industry has resulted in making the packaged product free from contamination and leakage. Vacuum Skin Packaging also helps in extending the shelf life of products by controlling hazardous exposure to light, oxygen and water, which can alter the texture and quality of food. Vacuum skin packaging also comes to the rescue of food suppliers and manufactures as they act as evidence of product tampering and have substantially increased operational efficiency, throughout the supply chain.
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- Bemis Company Inc (U.S.)
- Berry Global Group Inc. (U.S.)
- LINPAC Packaging Limited (U.K.)
- Amcor Ltd. (Australia)
- Sealed Air Corporation (U.S.)
- DuPont (U.S.)
- G. Mondini SA (Italy)
- Green Packaging Material (Jiangyin) Co. Ltd. (China)
Global Vacuum Skin Packaging Market – Competitive Analysis
Vacuum skin packaging industry has seen significant growth in last few years due to its application across industries, cost efficient solution and sustainable packaging solutions. The major players operating in this market, who have adopted expansion as their key startegy are Bemis Company Inc (U.S.), Berry Global Group, Inc. (U.S.), LINPAC Packaging Limited (U.K.), Amcor Ltd. (Australia), Sealed Air Corporation (U.S.), DuPont (U.S.), G. Mondini SA (Italy), Green Packaging Material (Jiangyin) Co., Ltd. (China) and others.
Amcor Ltd. announced the completion of the Alusa acquisition, which was first announced on 18 April 2016. Amcor now has a unique platform in an important growth region. Along with leadership positions in Europe and Asia, a strong presence in South America significantly improves Amcor’s customer value proposition in the flexible packaging marketplace, positioning us as a partner of choice for customers.
Amcor Ltd. also launched transparent packaging that allows consumers to see the product inside has been a growing trend on store shelves in recent years, but metal-free packaging was often not a practical option for products requiring an outstanding barrier.
Berry Global Group, Inc. sees its key strategy in mergers & acquisitions and continued partnership & collaboration with major companies. It believes in expanding their current business network by creating economic value through mergers & acquisitions. The acquisitions strategy is focused on improving company’s long-term financial performance, enhance market positions and expand existing and complementary product lines. In 2015, Berry Plastics Group, Inc. acquired AVINTIV Inc. from private equity funds managed by The Blackstone Group LP for approximately USD 2.45 Million.
Global Vacuum Skin Packaging Market – Segments
Global Vacuum Skin Packaging Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Material : Comprises – Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC) and Other
Segmentation By Application : Comprises – Meat, Poultry, Cheese and others
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World
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Global Vacuum Skin Packaging Market – Regional Analysis
Asia-Pacific region dominates the global vacuum skin packaging market
On basis of region, Asia-Pacific accounted for the largest market share of 36.26% in 2016, with a market value of USD 4,603.3 million and is projected to grow at the highest CAGR during the forecast period. The rising population of the region, along with high disposable income and the demand for safe & hygienic packaging of products are factors driving the growth of the vacuum packaging market in this region. North America was the second-largest market in 2016, and is projected to grow at a CAGR of 5.84% during the forecast period. In North America, U.S. is the leading market with a staggering market share. In Europe, the increasing need for proper packaging of meat and dairy products, has led to high growth of the vacuum skin packaging market.
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