GITNUX MARKETDATA REPORT 2024

Vacuum Skin Packaging Industry Statistics

The vacuum skin packaging industry is expected to continue growing steadily due to increasing demand for packaged food products with extended shelf life and improved presentation.

With sources from: grandviewresearch.com, mordorintelligence.com, globenewswire.com, reportsanddata.com and many more

Statistic 1

The global vacuum skin packaging market size was valued at USD 12.48 billion in 2019.

Statistic 2

The vacuum skin packaging market is expected to grow at a compound annual growth rate (CAGR) of 6.4% from 2020 to 2027.

Statistic 3

Related food industry trends, like ready-to-eat meals, are projected to drive 60% of the vacuum skin packaging market growth by 2027.

Statistic 4

North America accounted for the largest revenue share of more than 40.0% in 2019.

Statistic 5

The demand for vacuum skin packaging in North America is expected to reach USD 6.86 billion by 2027.

Statistic 6

Asia-Pacific is expected to exhibit the highest CAGR from 2020 to 2027 due to changing consumer lifestyles and rapidly expanding retail outlets.

Statistic 7

India's vacuum skin packaging sector is slated to expand at a 9% CAGR between 2022 and 2026.

Statistic 8

In terms of value, the meat segment dominated the market with a share of over 55.0% in 2019.

Statistic 9

The market growth is being driven by the trade of vacuum skin packaged meat, which has grown by 10% overall since 2016.

Statistic 10

One out of every four sourced vacuum skin packaged products in Europe is seafood.

Statistic 11

In terms of material, polyethylene (PE) led the vacuum skin packaging market with a share of over 43.2% in 2019.

Statistic 12

The PE segment will generate more than $7.4 billion by 2027 in the vacuum skin packaging industry.

Statistic 13

The global vacuum skin packaging market for cheese is projected to reach USD 1000 million by 2024.

Statistic 14

The vacuum skin packaging industry for poultry products is expected to grow at a CAGR of 4.3% from 2019 to 2024.

Statistic 15

Japan's vacuum skin packaging market size was estimated to be around $1.6 billion in 2019.

Statistic 16

Italy's Vacuum Skin Packaging Market was valued at around USD 854.2 Million in 2020.

Statistic 17

The growth rate of the vacuum skin packaging market in Latin America was around 7% in 2019.

Statistic 18

Over the next five years, the Vacuum Skin Packaging will register a 4.5% CAGR in terms of revenue, and the market size will reach USD 1.13 billion by 2025.

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In this post, we will explore key statistics and trends shaping the global vacuum skin packaging industry. From market size and growth projections to regional insights and product segments, these data points offer valuable insights into the evolving landscape of vacuum skin packaging.

Statistic 1

"The global vacuum skin packaging market size was valued at USD 12.48 billion in 2019."

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Statistic 2

"The vacuum skin packaging market is expected to grow at a compound annual growth rate (CAGR) of 6.4% from 2020 to 2027."

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Statistic 3

"Related food industry trends, like ready-to-eat meals, are projected to drive 60% of the vacuum skin packaging market growth by 2027."

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Statistic 4

"North America accounted for the largest revenue share of more than 40.0% in 2019."

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Statistic 5

"The demand for vacuum skin packaging in North America is expected to reach USD 6.86 billion by 2027."

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Statistic 6

"Asia-Pacific is expected to exhibit the highest CAGR from 2020 to 2027 due to changing consumer lifestyles and rapidly expanding retail outlets."

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Statistic 7

"India's vacuum skin packaging sector is slated to expand at a 9% CAGR between 2022 and 2026."

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Statistic 8

"In terms of value, the meat segment dominated the market with a share of over 55.0% in 2019."

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Statistic 9

"The market growth is being driven by the trade of vacuum skin packaged meat, which has grown by 10% overall since 2016."

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Statistic 10

"One out of every four sourced vacuum skin packaged products in Europe is seafood."

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Statistic 11

"In terms of material, polyethylene (PE) led the vacuum skin packaging market with a share of over 43.2% in 2019."

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Statistic 12

"The PE segment will generate more than $7.4 billion by 2027 in the vacuum skin packaging industry."

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Statistic 13

"The global vacuum skin packaging market for cheese is projected to reach USD 1000 million by 2024."

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Statistic 14

"The vacuum skin packaging industry for poultry products is expected to grow at a CAGR of 4.3% from 2019 to 2024."

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Statistic 15

"Japan's vacuum skin packaging market size was estimated to be around $1.6 billion in 2019."

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Statistic 16

"Italy's Vacuum Skin Packaging Market was valued at around USD 854.2 Million in 2020."

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Statistic 17

"The growth rate of the vacuum skin packaging market in Latin America was around 7% in 2019."

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Statistic 18

"Over the next five years, the Vacuum Skin Packaging will register a 4.5% CAGR in terms of revenue, and the market size will reach USD 1.13 billion by 2025."

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Interpretation

In conclusion, the global vacuum skin packaging industry is poised for significant growth driven by factors such as the increasing demand for ready-to-eat meals and the rising popularity of vacuum skin packaged meat products. North America leads the market currently, but Asia-Pacific is expected to exhibit the highest growth rate due to changing consumer preferences. Specific segments like meat and cheese play a dominant role in the industry, with polyethylene being the most commonly used material. Regional markets like India, Japan, Italy, and Latin America also show promising growth trends. Overall, the vacuum skin packaging market is projected to continue expanding steadily, reaching substantial revenue milestones by 2027 and beyond.

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