Vacuum Skin Packaging Market: By Product Type (VSP Films, Trays & Films), By Material Type (Polyethylene, Polypropylene, Polyvinyl Chloride, and Others), By Application (Meat, Poultry, Seafood, Dairy Products, Ready Meals, and Others), and Geography 

Vacuum Skin Packaging Market size was valued at USD 27,369.8 million in 2022 and is expected to grow at a 5.8% CAGR from 2023 to 2029. Vacuum skin packaging is a type of packaging using a high barrier film and a tray. The vacuum is inside to packaging and the excess air or moisture is removed. The vacuum skin packaging film becomes like a second skin stick to the product. The vacuum skin packaging is used to extend the shelf life of the product by removing extra moisture from it. Vacuum skin packaging provides protection from external elements, significant improvement in product presentation, minimum product loss, and high efficiency in packaging which is expected to increase the demand for vacuum skin packaging in the forecasted years. Vacuum skin packaging is expected to grow in a significant rate in the forecasted years due to the increased need of food preservative measures, increasing shelf life of the food material. the vacuum skin packaging is expected to grow by the meat sector at a high rate due to the increasing measure of preservation of meat. The increasing need for food preservation like dairy products like cheese is expected to propel the growth of vacuum skin packaging. The conventional packaging techniques are being replaced by the vacuum skin packaging due to the increased durability and increased shelf life which is expected to witness a significant growth in the forecasted period. However, the machines and Equipments used for the vacuum skin packaging are relatively expensive and the increase in availability of substitutes for vacuum skin packaging like blister packaging, shrink barrier packaging are expected to hinder the growth of vacuum skin packaging in the forecasted period. 

Vacuum Skin Packaging Market Key Developments:
In April 2022, Sealed Air announced partnership on an advanced recycling program to recycle flexible plastic from food packages and recreate them into a circular food grade packaging.
In May 2022, Anuga FoodTec a Germany based company launched their new two tray packaging options for the food business to provide fresh food producers with recyclable possibilities.