Vacuum Packaging Market

Vacuum Packaging Market Research Report
By Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Vacuum Packaging Market Research Report - Forecast to 2023
Vacuum Packaging Market Report: Material (Polyethylene (PE), and Polyamide (PA)), Packaging (Rigid
Packaging, Flexible Packaging, and Semi-Rigid Packaging), Application (Pharmaceutical, Food, Industrial,
and Consumer Goods) and By Region - Global Forecast to 2023.
Vacuum packaging is a type of modified atmospheric packaging. Vacuum packaging removes atmospheric oxygen from the
primary package, which is to be sealed. Oxygen is one of the primary sources of product degradation. The confiscation of
the oxygen extends the product shelf life. Vacuum packaging is commonly used to protect consumable and non-consumable
products.
The market is driven by factors such as increased consumption of processed food & beverages, rapid urbanization, and
industrialization, increased government policies regarding food safety. Although, vacuum packaging market is expected to
be hindered by the stringent regulations on packaging material waste and recycling.
The food & beverage markets represent the highest consumption group for packaging materials and machinery. The global
vacuum packaging market is lead by various factors such as increasing urbanization, amplified living standards, and growth
in the disposable income in the emerging economies. With the increasing number of the accessibility stores and supermarts
across the world, exclusively in the Asia Pacific, led to amplified consumption of treated and convenience foods and
beverages. Such stores have been able to bring the treated and packaged eatables nearby to the consumers.
The food & beverages industry has implemented vacuum packaging broadly across the globe due to some supplementary
functionalities such as retention of the integrity of an artifact and prevents food decomposition, along with the amplified
shelf life. Such possessions are superlative for the retail channels where fresh and processed food items need to be
warehoused over an extensive period of time as well it permits the consumers to see and feel the product from the
packaging. This propels the demand for vacuum packaging across the foods & beverages industry.
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Vacuum Packaging Market Research Report - Forecast to 2023
Segmentation of Global Vacuum Packaging Market:
The global vacuum packaging market has been segmented based on material, packaging, application, and region. Based on
the material the market is segmented into Polyethylene (PE), and Polyamide (PA). Among these, the polyethylene segment
dominated the global vacuum packaging market with 49.23% of share in 2016, in terms of value. It is expected to show the
highest growth at a CAGR of 5.10% during the forecast period. The dominant position of this segment can be attributed to
the rising implementation of polyethylene material of vacuum packaging across all the end use application. Moreover,
polyethylene is the most common plastic used in daily life activity. Based on the packaging, the market is segmented into
rigid packaging, flexible packaging, and semi-rigid packaging. The flexible packaging segment dominated the global vacuum
packaging market with 42.56% of share in 2016, in terms of value. It is expected to grow at a CAGR of 5.39% during the
forecast period. Flexible packaging is made of the plastic films, graphics, ply and sealed mostly with pressure and heat, they
have a wide application in food & beverage packaging. Based on the application, the market is segmented into
pharmaceutical, food, industrial, consumer goods, and others. The food segment dominated the global vacuum packaging
market with 31.69% of share in 2016, in terms of value. It is expected to grow at a CAGR of 5.16% during the forecast
period. The Vacuum packing in the food sector is predominantly used to store dry foods over a long period of time, which
includes cereals, nuts, cured meats, cheese, smoked fish, coffee, and potato chips. On a more short-term basis, it can also
be used to store fresh foods such as vegetables and meats as it hinders the bacterial growth.
The vacuum packaging industry is expected to have huge entrants of new participants over the forecast period owing to
continuous enlargements in packaging industry coupled with rising consumer preferences for high hygiene features. The
market is also expected to have high development activities by multinationals and well-established companies. Mergers and
acquisition activities are anticipated to be witnessed over the forecast period.
Global vacuum packaging market is expected to grow at a CAGR of ~ 4.89% during the forecast period.
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Vacuum Packaging Market Research Report - Forecast to 2023
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Vacuum Packaging Market Research Report - Forecast to 2023
Regional Analysis of Global Vacuum Packaging Market:
The global vacuum packaging market is segmented by region as North America, Europe, Asia Pacific and Rest of the world.
The Asia Pacific is referred as the largest & fastest growing market for the vacuum packaging market. The market is later
followed by the Europe & North America owing to increase consumption of processed and packaged food. Asia Pacific
region is maintaining its dominance in the market due to rise in population, increasing packaged & expediency food
demand, and healthcare expenditure. Furthermore, the rapid increase in the industrialization in China, India, and Japan is
predicted to propel the country level market of vacuum packaging. Whereas, Europe is stated as the subsequent largest
market in terms of revenue after the Asia Pacific. The factor is influencing the emergence of the eco-friendly packaging
technologies, which are cheaper and are manufactured from the recycled material.
Key Players of Global Vacuum Packaging Market:
The key players of global vacuum packaging market are E. I. DuPont de Nemours and Company (U.S.), Bernis Company
Inc.(U.S.), Amcor Ltd. (Australia), Berry Plastic Corp. (U.S.), Linpack Packaging Ltd. (U.K.), Sealed Air Corp. (U.S.), Coveris
Holdings (Luxembourg), Winpak, and Green Packaging Material (Jiangyin) Co., Ltd. (China).
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