- VSP films
- Trays and films
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.
Fastest Growing Market
Vacuum skin packaging market is expected to grow in the forecasted years due to theincreasing need for concern of food packaging in order to conserve and preserve food and also to increase the shelf life of the food material especially food items like meat and dairy products. Several key market players are focusing on establishing partnerships and collaborations which is expected to drive the growth of vacuum skin packaging market at an significant rate. The rising trend of ready-made meals among the young generation is expected to boost the market growth in the forecasted period. Hence, this will drive the global market growth at a significant rate.
Vacuum Skin Packaging market was valued at USD 27,369.8 million in 2022 and is expected to grow at a 4.8% CAGR from 2023 to 2029.
The Vacuum Skin Packaging market is segmented based on product type, material type, application, and geography.
The leading players in the global Vacuum Skin Packaging market are DuPont, Amcor Limited, Sealed Air, Berry Global Inc., LINPAC Packaging Limited, Bemis Company Inc., G. Mondini SA, Green Packaging Material Co. Ltd., Plastopil Hazorea Company Ltd., Anuga FoodTec.
Historic years considered for the market study are 2018 through 2022, 2022 is considered as the base year for market estimation and Seven years forecast presented from 2023– 2029.