Global Vacuum Packaging Market 2018-2022

  • Published: Feb 2018
  • Pages: 113
  • SKU: IRTNTR20246

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The global vacuum packaging market worth will grow by over USD 5.1 billion by 2022. This industry research report provides a detailed analysis of the vacuum packaging industry by material type (polyethylene, polyamide, EVOH, and others) and geography (Americas, APAC, and EMEA). Furthermore, the report also provides an analysis of the market’s competitive landscape and offers information on several vacuum packaging companies including Amcor, Bemis Company, Berry Global, and Sealed Air.

The infographic below contains key findings from our vacuum packaging market research report

 

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Overview of the global vacuum packaging market

The growing demand for hygienic and convenient packaging is one of the primary factors that will trigger the growth of the vacuum packaging market. With the awareness about the use of inappropriate wrapping packaging materials that lead to chemical contamination and the increase in health consciousness among the consumers, there is a growing need for hygiene packaging. This will drive the need for vacuum packaging since it protects fresh food products from atmospheric gas, in turn, in extending the shelf life of food. Moreover, there is also a growing need for the convenient consumption of food products among customers. This will again induce food and beverage companies to prefer vacuum packaging. With the constant growth of the fresh food products market, the demand for vacuum packaging will increase in the coming years. According to our analysts, the global vacuum packaging market size will reach USD 31 billion by 2022.

The growing usage of high barrier plastics is one of the key trends that will gain traction in this market during the next few years. There will be a growing preference for plastic resins that have high barrier packaging and flexible plastic packaging properties. Resins such as biaxially-oriented polyethylene terephthalate (BOPET) and EVOH, are extensively used for enhancing the barrier properties of flexible packaging. EVOH films offer several benefits such as high impermeability to gases, which aids in retaining the aroma, original texture, and flavor of packaged items.

Companies covered

The vacuum packaging market is moderately fragmented due to the presence of several players. With the market currently in the growth phase, the level of competition among the companies is quite intense. This industry research report provides detailed information about the competitive environment among the companies in this market and also suggests key areas the companies should focus on. This will in turn, help clients gain a clear understanding of the competitive environment and create strategies to make the most from the upcoming growth opportunities.

The report includes an analysis of a number of various companies in this market including:

  • Amcor
  • Bemis Company
  • Berry Global
  • Sealed Air

 

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Geographical segmentation and analysis of the vacuum packaging market

  • Americas
  • APAC
  • EMEA

APAC accounted for the maximum share of the market during 2017. The region will witness steady growth of the vacuum packaging market during the forecast period, which will mainly attribute to the increasing demand for vacuum packaging from countries such as China and India.

Key questions answered in the report include

  • What will the market size and the growth rate be of global vacuum packaging market in 2022?
  • What are the key factors driving the global vacuum packaging market?
  • What are the key market trends impacting the growth of the global vacuum packaging market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global vacuum packaging market?
  • What are the market opportunities and threats faced by the vendors in the global vacuum packaging market?
  • Trending factors influencing the market shares of the global vacuum packaging market in Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global vacuum packaging market?

 

Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

 

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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