Global Skin Packaging Market: Overview
Skin packaging refers to a variety of paperboard packing, wherein the product to be packaged is placed between a thin plastic sheet and paperboard. The printed paperboard used for the purpose often uses heat-sealing coating. Skin packaging is being widely utilized as a preferred variety of packaging technology for a number of part of consumer and institutional products and industrial applications to distribute, market, and circulate a wide assortment of items. Interest for skin packaging has expanded in the previous few years, driven by several developments and changing patterns in the packaging business. The variety of skin packaging technology that has witnessed the most rapid and notable development is the segment of non-carded skin packaging. Over the next few years, however, the segment of plastic film is foreseen to achieve development at the most promising pace in the next few years.
Skin packaging is widely utilized as a part of consumer products, foods, and industrial products. The utility of skin packaging is driven due to its properties of strength, sealing, low weight, and less requirement of packaging material. Skin packaging accounted for a large part of the overall packaging industry that served the food sector in the past decade. The technology continues to take precedence in the packaging of a variety of electronic components, food products, tools, electronic products, spare parts, and electronic components. The skin packaging value chain involves dealers of raw materials, manufacturers, supply and distribution channels, and applications.
Global Skin Packaging Market: Trends and Opportunities
One of the leading factors working in favor of the global skin packaging market is the rapid pace of development of food sector. The vast rise in demand for a variety of food products in easy-to-store packaging formats and the massive consumption of packaged food products, especially across developing economies with rising disposable incomes and changing consumption patterns of the rapidly expanding middle class population across regions such as Latin America and Asia Pacific. However, certain factors, including stringent guidelines and directives regarding packaging materials, soaring ecological concerns and the increased aversion to non-biodegradable materials such as plastic, and the vast rise in the number of substitutes could hinder the development of the market to a certain extent.
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Global Skin Packaging Market: Regional Outlook
In terms of revenue opportunity, Asia Pacific represented the most promising regional market, trailed by Europe and North America in 2016. The skin packaging market in emerging nations, such as, India and are anticipated to develop at a higher rate over the period between 2015 and 2023. China is assessed to expand at a pace much faster than some other regional markets owing to the massive rise in food consumption and packaged foods, a promising pace of urbanization, and strong financial development.
Global Skin Packaging Market: Competitive Landscape
Leading vendors in the global skin packaging market have well-established manufacturing capabilities and distribution channels, thus making it hard for new organizations to enter the market. Consumers are inclined toward products from recognized vendors as compared to new entrants. The skin packaging market faces strong rivalry because of the large number of small as well as large companies. Mergers and acquisitions, introduction of new product varieties, and collaborations are some of the key strategies utilized by organizations to strengthen their hold on the market.
Global Skin Packaging Market: Leading Players
Some of the leading vendors operating in the global skin packaging market are Bemis Company, Inc., E.I. DuPont De Nemours and Company, Display Pack Inc., The DOW Chemical Company, Linpac Packaging Limited, Sealed Air Corporation, G. Mondini SPA, Westrock Company, Clondalkin Group Holdings B.V., and Berry Plastics Group, Inc.