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The global market for Vacuum Packaging will grow at a rapid pace over the forecast period. The vacuum packaging market growth rate is projected to be 4.90% from the six years spanning 2021 to 2030. The vacuum package market value was USD 25.12 billion last year. It’s projected to be USD 28,452 million in 2030.
Vacuum Packaging refers to the process of removing air from a package before sealing it to create a tight, secure seal. This method of packaging is commonly used to extend the shelf life of food and other perishable products by preventing oxidation, moisture, and bacterial growth. Vacuum packaging also helps to preserve the color, texture, and flavor of the product while reducing the risk of freezer burn or dehydration. It is commonly used in the food industry for products such as meat, fish, cheese, and vegetables. Vacuum packaging is also used in other industries such as electronics, pharmaceuticals, and aerospace.
The market is driven by factors such as increased consumption of processed food & beverages, rapid urbanization, and industrialization, and increased government policies regarding food safety. Although, the vacuum packaging market is expected to be hindered by the stringent regulations on packaging material waste and recycling.
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 preventing 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 – Segmentation
The Global Vacuum Packaging Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Product Material: Comprises PE, PA, and others.
Segmentation by Packaging: Comprises Rigid Packaging, Flexible Packaging, and Semi-Rigid Packaging
Segmentation by Application: Comprises Pharmaceutical, Food, Industrial, Consumer Goods, and Others
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC, and the Rest of the World.
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Key Players:
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). and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Vaccum Packaging Market.
Asia pacific is referred as the largest & fastest growing market for vacuum packaging, followed by Europe & North America. Increasing population, rising packaged & convenience food demand, and healthcare expenditure is driving the market in the Asia-Pacific region. Moreover, rapid industrialization in China and India is expected to propel the regional market in the forecast period. Furthermore, the growing healthcare sector is expected to propel the pharmaceutical packaging demand in the region.
Whereas, Europe is referred as the second-largest market in terms of revenue. Factors such as the emergence of eco-friendly packaging technologies, which are inexpensive and manufactured from recycled material are driving the market in Europe.
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