Global Vacuum Skin Packaging Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2029, growing acceptance of vacuum skin packaging by supermarkets and other retailers and the rising red meat and poultry disappearance in domestic markets are dominating the market.
Global Vacuum Skin Packaging Market is valued at USD 27.23 Billion in 2022 and is expected to reach USD 38.19 Billion by 2029 with a CAGR of 4.95% over the forecast period.
The vacuum skin packaging is mechanized by combining the premade tray with a high-barrier film. The VSP film encloses the food item and becomes like a second skin, by eliminating nearly all package environments. Heat and the draw of the vacuum in the sealing chamber soften the high-barrier flexible film, enabling it to take the shape of a rigid tray or laminated paperboard sheet. Machines for vacuum skin packaging come in a variety of shapes and sizes to accommodate a wide range of applications. For instance, P5-4ZA is a fully automated, adaptable vacuum-sealing system that can produce up to 150 trays per minute using three sealing stations. Each sealing station in this may process a separate product. In this, different products can be processed at each sealing station. In effect, vacuum skin packaging is not a new entity. Vacuum skin packaging comes into the picture during the 1980s in China. Whereas in the 1960s it had upsurged in Europe, America, and Japan.
The COVID-19 pandemic had positively impacted the global vacuum skin packaging market, as there has been a noticeable increase in demand for food and consumer goods packaging that is safe, dependable, and protective. During the COVID-19 epidemic, packaging decisions and methods have the biggest impact on consumer confidence in terms of making purchases. As a result, many businesses are choosing vacuum skin packaging to increase sales and become the leader in the market. One of the major factors projected to drive the growth of the vacuum skin packaging market during the COVID-19 crisis is the consumer preference change towards ready-to-eat food.
The major key players of global vacuum skin packaging market are -
The global vacuum skin packaging market is segmented into product type, material type, end users type and by regions. On the basis of product type the market is segmented into, VSP Films (Films, Bags, Pouches), Trays & Films. On the basis of material type the market is segmented into PE (HDPE, LDPE, and LLDPE), PVC, PP, EVAC, EVOH, and others. On the basis of end users the market is segmented into, Meat, Poultry, Seafood, Dairy Products, Fresh Produce, Ready Meals, and Others.
The regions covered in this global vacuum skin packaging market report are Asia-Pacific, North America, Europe, and the Rest of the World. Based on a country level, the market of global game-based learning is subdivided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
The market is being driven by the growing acceptance of vacuum skin packaging by supermarkets and other retailers as a means of extending shelf life and minimizing food loss. The demand has been impacted by customers' and clients' growing awareness of food loss and other problems. Similar to this, major meat processor Starzen Co. has used barrier film-skin packaging since 2020, primarily for goods with high unit prices. The agriculture ministry estimates that Japan discards around 6 million tonnes of edible food annually. 660,000 tonnes, or 11% of the total amount of food lost, are discarded by supermarkets, gas stations, and other retail establishments. Thus, by using such a packaging technique, the disposal rate for beef was reduced by 30 percent, coupled with other measures to cut food loss. Hence to reduce food wastage the vacuum skin packaging technique is being used and therefore, it amplified the global vacuum skin packaging market.
Correspondingly, the rising red meat and poultry disappearance in domestic markets, including fresh and processed meat sold through grocery stores and is being used in restaurants upsurged the vacuum skin packaging market growth. However, since it does not account for indirect consumer uses such as pet food and food waste, it overestimates the actual consumer consumption. According to USDA, in 2022 meat disappearance is at 224 pounds per person, wherein pork, broiler, and turkey disappearance are expected to rise by 0.28, 0.30, and 1.40 percent, respectively. As a steady production growth trend, the 2022 meat and poultry disappearance add to a decade-long stretch of year-over-year increases. This drives the demand for packaging material and technology for meat, poultry, and seafood packaging which is an expanding industry that utilizes vacuum skin packaging.
Additionally, the industry may have opportunities due to the growing number of health-conscious consumers and the clearly visible outside packaging of products. In addition, growing prices for some meat products, such as beef and pork, are predicted to drive up the cost of packaging for meat products, which will restrain the market for vacuum skin packaging market growth.
Geographically, Europe dominates the vacuum skin packaging business. This is due to the sustainability and decreased carbon footprint that packaging offers. When it comes to sustainability, Italian customers are in the lead. 60% of Italians are either inspired to adopt small-scale sustainable improvements or are eco-warriors who vehemently support sustainability, according to an Amcor survey of 2,500 European consumers. In order to determine the optimal packaging solution, Chiola undertook a lifecycle assessment in collaboration with Amcor. The research revealed that using paperboard outer wrapping and Amcor's VACTM and ICETM custom-engineered forming films would result in an 80% plastic reduction and a 65% reduction in the carbon footprint of all packaging. This approach results in more environmentally friendly packaging and upholds the highest standards for food safety and product improvement. As a result, the European vacuum skin packaging market is growing with a healthy CAGR.
Furthermore, North America is expected to dominate the vacuum skin packaging market. Because of the growing frozen food consumption in the United States. One of the fastest-growing markets in the frozen food industry is packaging for items including meat, poultry, and seafood. Numerous sizable food packaging businesses around the nation are making significant investments in innovative packaging. Additionally, the sector has expanded dramatically over the previous years. According to the Food Industry Association and American Frozen Food Institute, the frozen food market is enhanced by about 21% in 2020 and volume grew by more than 13%. Additionally, vacuum skin packaging can greatly increase the food's storage life, which has led to consumers having higher expectations for food quality. As a result, the market for vacuum skin packaging is growing.
On 20th Apr. 2021- The PowerPak Skin.50, a new iteration of GEA's skin thermoforming packaging technology, can do both vacuum and Modified Atmosphere Packaging (MAP) packing on the same apparatus. With the use of this technology, the finished box has the least amount of creases and the best packing quality currently accessible.
|Historical data||2016 - 2021|
|Forecast Period||2022 - 2029|
|Market Size in 2022:||USD 27.23 Billion|
|Base year considered||2022|
|Forecast Period CAGR %:||4.95%|
|Market Size Expected in 2029:||USD 38.19 Billion|
|Tables, Charts & Figures:||175|
|Key Players/Companies||Amcor Limited, Sealed Air Corp., Bemis Company, Inc., Berry Plastic Group, Inc., LINPAC Packaging Limited, Winpak Ltd., Plastissimo Film Co., Ltd., Schur Flexibles Holding GesmbH, Plastopil Hazorea Company Ltd, and others.|
|Segments Covered||By Product Type, By Material Type, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|