USD 10.65 billion
Skin Packaging Market Size, Share, Growth Analysis, By Type(PVC (Polyvinyl Chloride) and PET (Polyethylene Terephthalate)), By Application(Offshore Oil and Gas Industry, and Remote Areas and Islands), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15H2022 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
60
|Figures:
75
Skin Packaging Market Insights
Global Skin Packaging Market size was valued at USD 10.65 billion in 2022 and is poised to grow from USD 11.18 billion in 2023 to USD 16.44 billion by 2031, growing at a CAGR of 4.94% in the forecast period (2024-2031).
The Global Skin Packaging Market is experiencing significant growth due to the rising demand for convenient and attractive packaging solutions across various industries.
Skin packaging offers several advantages, including product visibility, extended shelf life, and protection against moisture, dust, and tampering. The market is driven by factors such as increasing consumer preference for packaged food and consumer goods, growing retail sector, and advancements in packaging technology.
Additionally, the rising awareness about sustainable packaging practices is fueling the adoption of eco-friendly materials in skin packaging. The market is witnessing a trend towards the use of recyclable and biodegradable materials to meet environmental regulations and consumer expectations. Overall, the Global Skin Packaging Market is expected to continue its growth trajectory in the coming years, driven by the demand for efficient and visually appealing packaging solutions.
US Skin Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
PVC (Polyvinyl Chloride)
Fastest Growth
PET (Polyethylene Terephthalate)
Growth Rate
4.94% CAGR
Global Skin Packaging Market ($ Bn)
Country Share for North America Region (%)
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Skin Packaging Market Segmental Analysis
The Global Skin Packaging Market is segmented by type, and region. Based on type, the market can be segmented into PVC (Polyvinyl Chloride) and PET (Polyethylene Terephthalate). Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Skin Packaging Market Analysis by Type
The dominant sub-segment in the type segment of the Global Skin Packaging market is PVC (Polyvinyl Chloride). PVC skin packaging films are widely used due to their excellent clarity, puncture resistance, and cost-effectiveness. PVC films offer a high level of protection to the packaged products and have good sealing properties.
The fastest growing sub-segment in the type segment of the Global Skin Packaging market is PET (Polyethylene Terephthalate). PET skin packaging films are gaining popularity due to their environmental friendliness and recyclability. PET films offer good clarity and barrier properties, ensuring the preservation and visual appeal of the packaged products. As sustainability becomes a key focus in packaging, the demand for PET skin packaging films is expected to grow rapidly in the coming years.
Global Skin Packaging Market By Type
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Skin Packaging Market Regional Insights
One dominant region in the global market is North America. The region has a well-established packaging industry and is home to several major players in the market. The dominance of North America can be attributed to factors such as a strong retail sector, high disposable income, and increasing demand for packaged food and consumer goods. The region also has stringent regulations regarding product safety and packaging standards, which drive the adoption of advanced packaging solutions like skin packaging.
One of the fastest-growing regions in the global market is the Asia-Pacific. The region is witnessing rapid industrialization, urbanization, and a growing middle-class population with increasing purchasing power. This, in turn, is driving the demand for packaged food and consumer goods, leading to the growth of the skin packaging market. Additionally, the rising awareness about food safety and hygiene is fueling the adoption of reliable and efficient packaging solutions, including skin packaging. The increasing investments in the retail sector and the expansion of e-commerce further contribute to the growth of the skin packaging market in the Asia-Pacific region.
Global Skin Packaging Market By Region
- Largest
- Fastest
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Skin Packaging Market Dynamics
Skin Packaging Market Drivers
Growing Demand For Extended Shelf Life And Enhanced Product Visibility
- One driver of the market is the growing demand for extended shelf life and enhanced product visibility. Skin packaging offers excellent product protection, preserving the freshness and quality of the packaged goods. It also provides clear visibility of the product, allowing consumers to see the actual product and its features, which can positively influence their purchasing decisions. This demand for longer shelf life and attractive packaging solutions drives the adoption of skin packaging in various industries.
Skin Packaging Market Restraints
Environmental Concerns Associated With Plastic Packaging
- The reason the market is hindered is due to the environmental concerns associated with plastic packaging. Skin packaging typically involves the use of plastic films, which can contribute to plastic waste and environmental pollution. With increasing awareness about sustainability and eco-friendly packaging options, there is a growing demand for alternative packaging materials that are more environmentally friendly. This can pose a challenge for the growth of the skin packaging market, as companies need to address these concerns and adopt more sustainable packaging solutions.
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Skin Packaging Market Competitive Landscape
The global market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Skin Packagings. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions.
Skin Packaging Market Top Player’s Company Profiles
- Amcor (Australia)
- Bemis Company Inc. (United States)
- Berry Global Inc. (United States)
- Sealed Air Corporation (United States)
- DuPont de Nemours Inc. (United States)
- Linpac Packaging Ltd. (United Kingdom)
- WestRock Company (United States)
- Smurfit Kappa Group (Ireland)
- Display Pack Inc. (United States)
- Clondalkin Group Holdings BV (Netherlands)
- Winpak Ltd. (Canada)
- G. Mondini S.p.A. (Italy)
- Plastopil Hazorea Company Ltd. (Israel)
- Sirap Group (Italy)
- Sonoco Products Company (United States)
- Constantia Flexibles Group GmbH (Austria)
- Tray-Pak Corporation (United States)
- Proseal UK Ltd. (United Kingdom)
- Mitsubishi Gas Chemical Company, Inc. (Japan)
- Universal Plastic Mold (United States)
Skin Packaging Market Recent Developments
-
In February 2024, Blue Owl Capital and Lunate, elective asset managers, collaborated to make a joint venture. This adventure expects to offer development funding to medium-sized private capital general accomplices (GPs). Their attention will be on securing minority stakes in confidential market venture supervisors with charge-paying resources under the administration of under $10 billion (€9.3 billion). They are especially keen on GPs with particular areas, special methodologies, solid initiative and culture, and a strong starting point for long-term achievement.
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In February 2024, the Spanish brand ISDIN is focusing on turning into the worldwide leader in sun protection. An auxiliary of Puig and Esteve, ISDIN is now the top brand for sun protection in Spain, Argentina, and Peru, and its sun protection item is a best-seller in Brazil. Having been accessible in the US for more than 5 years and present in China, ISDIN is currently focusing on France, Italy, and Germany as its need markets, with an emphasis on giving regular photoprotection.
Skin Packaging Key Market Trends
- One key market trend in the global skin packaging market is the growing demand for sustainable and eco-friendly packaging solutions. With increasing environmental concerns and consumer preferences for green packaging, companies are focusing on developing skin packaging technologies that use recyclable materials and reduce plastic waste. This trend is driven by the need to align with sustainability goals, reduce carbon footprint, and meet regulatory requirements. Additionally, advancements in materials and technologies are enabling the development of innovative eco-friendly skin packaging solutions that provide product visibility, protection, and appeal to environmentally-conscious consumers. This trend is expected to drive market growth and influence packaging strategies across various industries.
Skin Packaging Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global skin packaging market is witnessing significant growth due to various factors such as increasing demand for effective product protection, rising consumer preference for visually appealing packaging, and growing need for extended shelf life of products. Skin packaging offers numerous benefits, including excellent product visibility, tamper resistance, and improved shelf appeal. The market is characterized by advancements in packaging materials and technologies, resulting in the development of innovative and sustainable skin packaging solutions. Additionally, the rise of e-commerce and the growing focus on reducing packaging waste are driving the adoption of skin packaging in various industries. Overall, the Skin Packaging market is expected to continue its growth trajectory in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 10.65 billion |
| Market size value in 2031 | USD 16.44 billion |
| Growth Rate | 4.94% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Skin Packaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Skin Packaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Skin Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Skin Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Skin Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Skin Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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