Skin Packaging Industry Statistics

In this post, we explore key statistics shaping the skin packaging industry, shedding light on its market size, growth projections, segment dominance, regional trends, material preferences, and market shares. From the increasing demand for plastic skin packaging to the significant role of skin packaging in enhancing product shelf life, these statistics offer valuable insights into the current landscape and future prospects of the global skin packaging market.

Statistic 1

"The global skin packaging market size was valued at USD 7.4 billion in 2020."

Statistic 2

"The skin packaging market is expected to grow at a CAGR of 5.6% from 2021 to 2028."

Statistic 3

"Non-carded skin packaging segment held over 59.0% of the global revenue share in 2020."

Statistic 4

"Plastic type skin packaging is projected to register the fastest CAGR of 6.2% from 2021 to 2028."

Statistic 5

"Polyethylene dominated the skin packaging market in 2020, accounting for nearly 39% of the total volume."

Statistic 6

"The Asia Pacific is expected to portray the highest growth rate, registering a CAGR of 6.6% from 2021 to 2028."

Statistic 7

"In 2020, the food industry dominated the global skin packaging market accounting for over 67% of the total revenue."

Statistic 8

"The market size of the US skin packaging market was USD 2.7 billion in 2020."

Statistic 9

"Plastic dominates skin packaging by material type, with a 65% market share in 2019."

Statistic 10

"The global skin packaging market is expected to reach $18.36 billion by 2026."

Statistic 11

"Skin packaging improves product shelf life by 5-10 days."

Statistic 12

"The demand for skin packaging in North America is expected to grow at a CAGR of 4-5% in terms of value by 2027."

Statistic 13

"In 2016, Europe and North America together comprising over 55% of global skin packaging market share."

Statistic 14

"In 2020, the food and beverages segment dominated the skin packaging market with a 50.46% market share, globally."

Statistic 15

"Out of different types of skin packaging, vacuum skin packaging holds the largest market share globally."

Statistic 16

"The use of skin packaging has significantly increased in perishable food items, with its value estimated to grow at a CAGR 6.5% during the forecast period (2021-2026)."

Statistic 17

"North America held the largest share of around 33.45% in the global skin packaging market in 2020."

Statistic 18

"Industrial goods segment in the skin packaging market is expected to grow at a CAGR of 8.4% from 2021 to 2028."

Statistic 19

"Paper and paperboard held a 35% market share in the skin packaging market in 2019."

Statistic 20

"High-density Polyethylene (HDPE) in plastic skin packaging is expected to record a CAGR of 7.9% during 2021-2028"

In conclusion, the global skin packaging industry is experiencing significant growth and evolution, driven by various factors such as the dominance of plastic materials, particularly polyethylene and high-density polyethylene, and the increasing demand from industries like food, beverages, and industrial goods. Regions like the Asia Pacific and North America are key players in this market, with projections indicating continued expansion in the coming years. The statistics suggest a promising future for skin packaging, with advancements in technology and consumer preferences contributing to its widespread adoption and market trajectory towards reaching $18.36 billion by 2026.