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Vacuum Packaging Market Overview:
“The global vacuum packaging market size is expected to be worth around US$ 234.5 million by 2021 from US$ 141.2 million in 2031, growing at a CAGR of 5.19% during the forecast period 2021 to 2031.”
The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global vacuum packaging market report has been segmented on the basis of pack type, packing material, application, and region.
Vacuum packaging is a type of packaging that involves the removal of air prior to the packaging and sealing process. Vacuum packaging is a technique that is used for extending the shelf life of food products without impacting the quality products. Over the past few years, these vacuum packaging solutions have become a promising solution for the packaging sector to ensure protection for a more extended period and product safety.
Mostly paper or plastic films are utilized as packaging materials in vacuum packaging. The packaging procedure includes an internal packaging process, where packaging material comes in direct contact with the product.
These packaging materials are chosen to serve particular purposes, such as maintaining the proper temperature of packaged products, protection from microbes, and aesthetic appeal in some instances. Lightweight, flexible, mechanical strength, odorless and hygienic, easy recycling, sealing capability, resistance to fats and oil, resistance to cold and hot temperatures, and low cost are additional properties of vacuum packaging materials.
Rising awareness about safe and superior-quality food packaging solutions in developing countries is one of the major factors expected to contribute significantly to the growth of the global vacuum packaging market.
With growing industrialization and urbanization, the vacuum packaging market is undergoing trough technological advancements in its processes.
Advanced and innovative developments involving the production of vacuum packages that can hold light-weight and recyclable packaging are some additional factors expected to augment the growth of the global vacuum packaging market in the near future.
However, the high capital investment required for producing vacuum packages is a major factor expected to restrain the growth of the market.
The target audience for the vacuum packaging market includes manufacturers, raw materials suppliers, research institutes/education institutes, aftermarket suppliers, potential investors, and strategy growth managers.
Asia Pacific vacuum packaging market is estimated to hold a major share in terms of revenue in the global vacuum packaging market. Asia Pacific vacuum packaging market is estimated to witness the fastest growth in terms of revenue over the forecast period, owing to rising demand for packed and ready-to-eat food, increasing population, and rapid industrialization.
Global Vacuum Packaging Market Segmentation:
Segmentation by pack type:
- Flexible packaging
- Rigid packaging
- Semi-rigid packaging
Segmentation by packing material:
- Ethylene-vinyl alcohol
- Others (polyvinyl chloride, polypropylene, paper, and polyester)
Segmentation by application:
- Food packaging
- Pharmaceuticals packaging
- Industrial goods packaging
- Consumer goods packaging
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Amcor Limited
- Berry Global Inc.
- Linpac Packaging Limited
- ULMA Packaging, S.Coop
- CVP Systems, LLC.
- Sealed Air Corporation
- Multisorb Technologies
- Orics Industries, Inc.
- Bemis Company, Inc.
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