Acting as a deterrent to the global vacuum skin packaging market, on the other hand, is the emergence of substitutes such as modified atmospheric packaging and also concerns over the quality of food, especially meat that has been kept packed for long.

Albany, NY -- (SBWire) -- 07/24/2017 --Prominent participants in the global vacuum skin packaging market are Sealed Air Corp., Amcor Limited, Bemis Company, Inc., Berry Plastic Group, Inc., Winpak Ltd., LINPAC Packaging Limited, MULTIVAC, Plastissimo Film Co., Ltd., Schur Flexibles Holding GesmbH, Plastopil Hazorea Company Ltd, and Quinn Packaging Ltd. Various factors have resulted in propelling the aforementioned companies into prominent positions. Sealed Air Corp., for example, has a robust research and development base which is over twice the average industry size. Amcor Limited, again, has made gigantic strides by purveying a wide array of products, materials, and production technologies.

The global vacuum skin packaging market is fragmented in nature with the top 12 leading vendors in it accounting for just 12.0% of market share. Sealed Air Corp. is the dominant players in the market and it holds a share of just about 3.5%. The next five top players hold almost identical shares hovering around 1.4% and the remaining account for meagre under 1% shares.

As per a report by Transparency Market Research, the global vacuum skin packaging market will likely become worth US$36 bn by 2025 by rising at a steady CAGR of 6.0% during the period between 2017 and 2025.

liferation of Modern Retail Outlets Makes Asia Pacific Leading Market

Depending upon end use, the global vacuum skin packaging market can be segmented into meat, poultry, seafood, dairy products, fresh produce, and ready meals, among others. Of them, the segment of fresh produce is predicted to clock maximum CAGR of 7.1% between 2017 and 2027.

Based on geography, the key segments of the global vacuum skin packaging market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Of them, Asia Pacific accounts for a leading share in the market, which it is slated to increase further to 41.6% by 2025. With increasing penetration of modern retail outlets in Asian region the demand for vacuum skin packaging is set to increase over the forecast period.

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Burgeoning Modern Retail Outlets Catapult Asia Pacific Market to Forefront

From a geographical standpoint, Asia Pacific accounts for a leading share in the global vacuum skin packaging market. Expanding at a CAGR of 8.2%, the region is slated to increase the share further to 41.6% by 2025. With increasing penetration of modern retail outlets in Asian region the demand for vacuum skin packaging is set to increase over the forecast period. The market in the region is primarily powered by China which accounts for mammoth share in the market.

North America trails Asia Pacific in terms of market share in the global vacuum skin packaging market. Rising at a tepid CAGR of 4.8%, the market will likely trim its share in the near future. The U.S. is the main market in the region that far surpasses Canada both in terms of value and volume. Europe comes in the third position vis-à-vis market share and is slated to expand at a CAGR of 4.0% between 2017 and 2025.

Prominent participants in the global vacuum skin packaging market are Sealed Air Corp., Amcor Limited, Bemis Company, Inc., Berry Plastic Group, Inc., Winpak Ltd., LINPAC Packaging Limited, MULTIVAC, Plastissimo Film Co., Ltd., Schur Flexibles Holding GesmbH, Plastopil Hazorea Company Ltd, and Quinn Packaging Ltd.