The "Vacuum Skin Packaging - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Vacuum Skin Packaging Market to Reach $33.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Vacuum Skin Packaging estimated at US$24.6 Billion in the year 2020, is projected to reach a revised size of US$33.7 Billion by 2027, growing at a CAGR of 4.6% over the analysis period 2020-2027.
PE, one of the segments analyzed in the report, is projected to record a 5.3% CAGR and reach US$12.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the EVOH segment is readjusted to a revised 3.7% CAGR for the next 7-year period.
The U. S. Market is Estimated at $7.2 Billion, While China is Forecast to Grow at 4.3% CAGR
The Vacuum Skin Packaging market in the U. S. is estimated at US$7.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$5.9 Billion by the year 2027 trailing a CAGR of 4.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 3.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
PA Segment to Record 4.5% CAGR
In the global PA segment, USA, Canada, Japan, China and Europe will drive the 4.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.3 Billion in the year 2020 will reach a projected size of US$5.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.9 Billion by the year 2027.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
Bemis Co., Inc.
Clondalkin Group Holdings BV
Display Pack, Inc.
G. Mondini Spa
Sealed Air Corporation
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
Global Competitor Market Shares
Vacuum Skin Packaging Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
Vacuum Skin Packaging Market Share (in %) by Company: 2019 & 2025
Current & Future Analysis for Vacuum Skin Packaging by Material - PE, EVOH, PA, PET and Other Materials - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
Historic Review for Vacuum Skin Packaging by Material - PE, EVOH, PA, PET and Other Materials Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019
15-Year Perspective for Vacuum Skin Packaging by Material - Percentage Breakdown of Value Sales for PE, EVOH, PA, PET and Other Materials for the Years 2012, 2020 & 2027
Current & Future Analysis for Vacuum Skin Packaging by End-Use - Meat, Poultry, Seafood, Dairy Products, Fresh Produce and Ready Meals - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
Historic Review for Vacuum Skin Packaging by End-Use - Meat, Poultry, Seafood, Dairy Products, Fresh Produce and Ready Meals Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019
15-Year Perspective for Vacuum Skin Packaging by End-Use - Percentage Breakdown of Value Sales for Meat, Poultry, Seafood, Dairy Products, Fresh Produce and Ready Meals for the Years 2012, 2020 & 2027
Total Companies Profiled: 44
For more information about this report visit https://www.researchandmarkets.com/r/tc1j60
View source version on businesswire.com: https://www.businesswire.com/news/home/20210302005548/en/
Laura Wood, Senior Press Manager
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