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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.
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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.
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:
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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.
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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.
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