Vacuum Skin Packaging Market to Surge to USD 36 Billion by 2026
According to the report, The global vacuum skin packaging market in 2019 was approximately USD 23 billion. The market is expected to grow above a CAGR of 6% and is anticipated to reach over USD 36 billion by 2026.
The vacuum skin packaging is primarily used for fresh consumable product packaging especially it includes fish, meat, and other sea products. The vacuum skin packaging is used to increase the lifespan of the products. The vacuum skin packaging reduces preservatives requirement and provides a plain packaging that highlights the product. The benefits of the vacuum skin packaging include identification of the product, protection of the product during transportation. Vacuum skin packaging reduces the wastage of the food and chances of leakage. It maintains the quality of food for longer period of time. The vacuum skin packaging makes the product visible for consumer so that the consumers can also judge the quality of food. Also it reduces the maintenance cost and it is easy to use.
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The vacuum skin packaging market research report delivers an acute valuation and taxonomy of the vacuum skin packaging industry by practically splitting the market on the basis of different types, category, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the vacuum skin packaging industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the vacuum skin packaging industry is provided for the leading economies of the world.
The vacuum skin packaging is mainly used for the packaging of fresh consumables, in particular fish, meat, and other sea items. The vacuum skin packaging is used to improve product lifespan. The vacuum skin packaging eliminates the need for preservatives and provides clear packaging. The benefits of packaging vacuum skin include product recognition, product safety during transport. Packing vacuum skin reduces food wastage and leakage changes. It supports food safety for longer periods of time. The vacuum skin packaging makes the product clear to the customer so that customers can also determine the food quality. It also reduces the cost of maintenance, and it provides ease in use. As meat products and seafood products are rising in demand, the market for vacuum skin packaging is also growing. The vacuum skin packaging is gaining popularity in the packaging industry because of its benefit that the product has extended shelf life. Developments in the food retail sector also have an impact on the growth of vacuum skin packaging. Growing understanding of the health and raising the number of meat-eaters also drives market development.
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Some of the essential players operating in the vacuum skin packaging market, but not restricted to include Sealed Air, DuPont, Amcor Limited, Berry Global Inc., Bemis Company Inc., LINPAC Packaging Limited, G. Mondini SA, Plastopil Hazorea Company Ltd., Green Packaging Material (Jiangyin) Co. Ltd., and others.
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