The latest research study “Vacuum Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global vacuum packaging market size reached US$ 27.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 34.77 Billion by 2028, exhibiting a growth rate (CAGR) of 4.14% during 2023-2028.
How Effective is Vacuum Packaging?
Vacuum packaging refers to a method of packaging that removes air from the package prior to sealing. It comprises the extraction of air from the chamber, injecting preservative gas, and sealing and aerating the products. Vacuum packaging uses pouches, sachets, paper bags, bubble wraps, and stock bags to pack the products. It aids in removing oxygen from the container to prolong the shelf life of items and minimizing the volume of the contents and package. Vacuum packaging is lightweight, easy to open, carry, store and reseal, offers numerous customization options, which add aesthetic appeal to goods, etc.
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Vacuum Packaging Market Trends and Drivers:
The widespread adoption of this method in the food and beverage (F&B) sector for the packaging of drinks is primarily augmenting the vacuum packaging market. Furthermore, the growing consumer inclination towards ready-to-eat (RTE) food products, owing to busy lifestyles and the inflating purchasing power of individuals, is positively influencing the global market. Apart from this, the escalating demand for seafood, meat, frozen vegetables, cheese, baked goods, etc., is acting as another significant growth-inducing factor. Moreover, the rising utilization of vacuum packaging in the pharmaceuticals industry for packing drugs and reducing the risk of contamination is also bolstering the market growth. Besides this, it is gaining extensive traction in the e-commerce sector to enhance productivity, efficiency, and output, which is further catalyzing the global market. Additionally, the introduction of advanced solutions in the consumer electronics to prevent them from mildew, corrosion, and moisture is expected to fuel the vacuum packaging market in the coming years.
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Vacuum Packaging Market Report Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Amcor plc
- Coveris Holdings S.A.
- Dow Inc.
- Kite Packaging Ltd
- Klöckner Pentaplast
- Nemco Machinery A/S
- Plastopil Hazorea Company Ltd.
- Sealed Air Corporation
- Sealer Sales Inc.
- U.S. Packaging & Wrapping LLC
- ULMA Packaging
- Wells Can Company Ltd and Winpak Ltd.
The report has been segmented the market into following categories:
Breakup by Process:
- Skin Vacuum Packaging
- Shrink Vacuum Packaging
- Others
Breakup by Material:
- Polyethylene
- Polyamide
- Ethylene Vinyl Alcohol
- Others
Breakup by Machinery:
- Thermoformers
- External Vacuum Sealers
- Tray-sealing Machines
- Others
Breakup by Pack Type:
- Flexible Packaging
- Semi-rigid Packaging
- Rigid Packaging
Breakup by Application:
- Food
- Pharmaceuticals
- Industrial Goods
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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