Vacuum Packaging Market valued at US $31.2 Billion in 2022 is anticipated to reach a value of US $42.70 Billion in 2030, growing at a CAGR of 4%.
A method of removing air from a pack before closing is known as vacuum packaging. By bringing the packing material into close contact with the product, the technique's principal goal is to remove oxygen from the air. Additional benefits of this kind of packaging include enhancing the rigidity of flexible containers and decreasing bulk.
Market Overview:
Increased customer demand for clean and high-quality food packaging has spurred the demand for items with extended shelf lives. Around 600 million people, or nearly 1 in 10 consumers worldwide, get sick from eating tainted food. Consumption of frozen food and meals-on-the-go is increasing as a result of busy lifestyles.
The shelf life of dry and fresh food products is increased by at least 50% thanks to vacuum packaging, which plays a significant role in avoiding bacterial growth.
One of the key factors fueling the expansion of the vacuum packing market is the global rise of the pharmaceutical industry. The adoption of serialised drug tracking and tracing, as well as the rise in demand for blister packaging and drug delivery systems, fuel market expansion.
The need for hygienic packaging, manufacturers' need for extended shelf lives, a change toward easy-to-handle & convenient packaging, and expansion of end-use industries are some of the key factors driving the vacuum packaging market. The market for food packaging is a major factor in the expansion of the vacuum packaging industry. The ease of handling, portability, and adaptability of packaged foods have expanded their appeal. This method prevents food spoiling by extending shelf life in a very sterile environment.
Vacuum packaging is a time-tested and often used method that can be used to extend the shelf life of a range of food goods and prevent or reduce spoiling. Additionally, it helps cured meat products by creating an environment that can keep other attributes at a respectable level while extending the colour of the meat before fading. For the distribution and long-term preservation of fresh meat cuts, boneless meat, and processed meat products including sausages, patties, nuggets, and other meat products, it is a widely accepted technique. The capability of the vacuum packaging equipment, the type of packaging material utilised, and the qualities and characteristics of the food products that will be vacuum packaged all play a role in the process' success.
Growth Opportunity:
Biodegradable and bio-based polymers are being used in the development of new food packaging technologies to satisfy consumer and industry demand. The creation of smart packages that may successfully increase the shelf life of food goods, preserve quality, and lessen the negative environmental effects of packaging is being facilitated by advances in fields like biotechnology and nanobiotechnology. A strong option to protecting the environment and giving economic value to underutilised products and industrial waste materials is the development of innovative eco-friendly packaging employing biodegradable and renewable materials.
A consistent desire for ready or on-the-go meals has also been seen, particularly among customers with hectic lifestyles. The demand for frozen food is increasing as a result of changing lifestyles and busy schedules. Thus, this method makes packaging affordable and is expected to grow over the projection period.
One of the issues the healthcare sector faces is the requirement to maintain the sterility of medical equipment. Vacuum packaging is essential in protecting these tools from oxygen exposure because it can negatively affect the drug's consistency.
Segmentation Analysis of Global Vacuum Packaging market:
Based on packaging material
- Polyethylene
- Polyamide
- Ethylene vinyl alcohol
- Other
Based on machinery use
- Thermoforms
- External vacuum sealers
- Tray sealing machines
- Others
Based on packaging type
- Flexible packaging
- Semi-rigid packaging
- Rigid packaging
- Others
Based on end-user
- Food
- Pharmaceuticals
- Industrial goods
- Ohers
Competitive Landscape:
The Key players in the Global Vacuum Packaging Market are Amcor Limited, Bemis Company, Inc., Berry Plastics Corporation, Sealed Air Corporation, Linpac Packaging Limited, Multisorb Technologies, Inc., Coveris Holding SA, CVP Systems Inc., Ulma Packaging, SCOOP, and Orics Industries, Inc.
Major questions answered in this report:
- What is the growth rate of this Market?
- What are the primary growth determinants of the Global Vacuum Packaging market?
- Which are the major regions constituting the geographical landscape of Global Vacuum Packaging Market?
- Which are the prominent companies operating in Global Vacuum Packaging Market?
About We Market Research
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
Contact Us:
We Market Research
Phone: +1(929)-450-2887
Email: sales@wemarketresearch.com