Vacuum Skin Packaging Market grows at 5.77% CAGR till forecast 2023Posted by sagark on October 17th, 2019 Vacuum Skin Packaging Market Scenario Vacuum Skin Packaging provides special film to surround the product with low-shelf life and seal the entire surface of the pack like a second skin. This ensures longevity of the product by preserving product integrity, shape, and texture to make the product ready to be delivered to the market. The recent research report about the global vacuum skin packaging market published by Market Research Future (MRFR) predicts an extension for this market at 5.77% CAGR between 2017 and 2023. The most important factor driving the global vacuum skin packaging market is the government regulations regarding food safety standards. Other factors elevating the market growth include growing demand for vacuum skin packaging, growing production of meat products, and changing food habits across the world. Get Free Sample Copy With TOC @ https://www.marketresearchfuture.com/sample_request/2686 Key Players Major players in the global vacuum skin packaging market include
Market Segmentation The global vacuum skin packaging market segmentation covers application and material. MRFR’s attempt to understand market trends are expected to gain much from thissegmentation. As per the application-based segmentation, this market covers cheese, meat, poultry, and others. These products have little shelf life. Therefore, they need to have vacuum skin packaging to prevent contamination by exposure to air. Based on material, the market has been segmented into polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC), and others. During the forecast period, the PE segment is likely to dominate the global vacuum skin packaging market as its inert properties do not react with food products. Resistant to attack by micro-organisms, PE can also prevent biological degradation. Regional Segmentation The regional segmentation of the global vacuum skin packaging market covers Asia Pacific, North America, Europe, and Rest of the World (RoW). During the forecast period, the Asia Pacific region has been anticipated to lead the global market due to the growing population in China & India, increasing per capita disposable income, rapid economic growth, and need for safe & hygienic packaging methods. China is expected to witness faster growth due to the increase in food consumption, rapid urbanization, and strong economic growth. China is the world’s largest consumer and producer of pork. The Chinese government has plans to expand hog farms and utilize hog waste. In India, the livestock sector is among the most important components of agriculture. In this country, the market is growing due to changing eating habits, growing disposable income, subsequent higher purchasing power, growing demand for meat, increasing health consciousness towards protein-rich diet, and the rising importance of meat sector. North America is the second-largest market due to high meat consumption, technological advancement, presence of major market players in the USA, high disposable income, and availability of all advanced packaging facilities. Due to the high rate of meat production, the demand for vacuum skin packaging to preserve meat is high in the USA and Canada. The RoW segment covers South America and Middle East & Africa (MEA). In South America, the market is decent due to meat consumption. However, its growth is slow due to the population being lesser than North America and limited availability of advanced technology that can provide proper packaging. The most powerful economies in this region are Argentina and Brazil that might become important country-specific markets in the future. Table Of Content 1 Executive Summary 2 Research Methodology 2.1 Scope Of The Study 2.1.1 Definition 2.1.2 Research Objective 2.1.3 Assumptions 2.1.4 Limitations 2.2 Research Process 2.2.1 Primary Research 2.2.2 Secondary Research 2.3 Market Size Estimation 2.4 Forecast Model 3 Market Dynamics 3.1 Market Drivers 3.2 Market Inhibitors 3.3 Supply/Value Chain Analysis 3.4 Porter’s Five Forces Analysis Continues……. Access Full Report With TOC @ https://www.marketresearchfuture.com/reports/vacuum-skin-packaging-market-2686 Like it? Share it! More by this author |