Home > Packaging > Advanced Packaging > Vacuum Skin Packaging Market

Vacuum Skin Packaging Market Size

Report ID: GMI11756
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

Vacuum Skin Packaging Market Size

The global vacuum skin packaging market was valued at USD 7.8 billion in 2023 and is estimated to register 4.2% CAGR between 2024 and 2032, due to increasing demand for food preservation and extended shelf life. VSP technology tightly seals perishable products like meat, fish, and dairy, effectively reducing spoilage, contamination, and freezer burn. With rising consumer awareness about food waste and safety, the market is being driven by the need for efficient packaging solutions that ensure freshness and prevent leakage.

To get key market trends

Download Free Sample

For instance, in August 2024, ExxonMobil and Brazilian converter Videplast introduced an innovative vacuum skin packaging (VSP) solution using ExxonMobil's Exceed XP 7052ML polyethylene. The ionomer-free VSP reduces film thickness while enhancing protection, extending shelf life, and improving product aesthetics. The collaboration addresses market demands for high-performance, cost-effective packaging, ideal for food items like meat, cheese, and seafood.

Vacuum Skin Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2023
Vacuum Skin Packaging Market Size in 2023:	USD 7.8 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	4.2%
2032 Value Projection:	USD 11.5 Billion
Historical Data for:	2021 - 2023
No. of Pages:	210
Tables, Charts & Figures:	300
Segments covered:	Material, Technology, Application
Growth Drivers:	Increasing demand for extended shelf life of products Rising consumer focus on food safety and protection against spoilage Sustainability trends driving the adoption of thinner, eco-friendly films Enhanced product presentation through improved visual appeal and packaging clarity
Pitfalls & Challenges:	High initial investment costs for machinery and materials Limited to perishable goods, restricting market diversification

Learn more about the key segments shaping this market

Download Free Sample

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market for vacuum skin packaging was reached USD 7.8 billion in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2032, driven by the increasing demand for food preservation and extended shelf life.

The polyethylene (PE) segment is projected to surpass USD 3 billion by 2032, attributed to its superior properties that make it a preferred material for packaging solutions.

The ready-to-eat meals segment is the fastest-growing application in the vacuum skin packaging market, with a projected CAGR of over 6% from 2024 to 2032, led by increasing consumer awareness of health and wellness.

North America region held around 30% share of the vacuum skin packaging market in 2023, on account of rising demand for convenience foods and ready-to-eat meals that require VSP for freshness and safety.

Major players in the vacuum skin packaging industry include Adapa, Amcor, Atlantis-Pak, Coveris Holdings, Flexopack, G. Mondini, Klockner Pentaplast, KM Packaging Services, MULTIVAC Group, Pakmar, Plastopil Hazorea, Prepac Packaging Solutions, Sealed Air Corporation, SEALPAC International, Sirane, Stora Enso, Toray Plastics (America), Triton International, and Winpak.