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The vacuum packaging market size is estimated to grow at a CAGR of 4.03% between 2022 and 2027. The market size is forecast to increase by USD 6,640.09 million. The growth of the market depends on several factors such as the increasing awareness about food safety and hygiene, the growing demand for convenient packaging solutions, and the increasing use of vacuum packaging in non-food industries.
This vacuum packaging market report extensively covers market segmentation by material (polyethylene, polyamide, EVOH, and others), end-user (food, healthcare and pharmaceutical, industrial, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing awareness about food safety and hygiene is driving growth in the vacuum packaging market. With the growing concern about foodborne illnesses and contamination, it is important for both manufacturers and consumers to be aware of the importance of keeping good hygiene standards in place across the supply chain. By actively promoting and practicing proper hygiene and safety measures, we can reduce the risks associated with vacuum packaging and ensure the integrity of our food.
However, one key aspect of food safety in vacuum packaging is the proper handling and storage of products. This includes ensuring that all equipment and surfaces are clean and sanitized before use. In order to increase the awareness of food safety and hygiene in vacuum packaging, consumer education is also essential. Providing clear and concise instructions on the proper handling and storage of vacuum-packaged products can help consumers avoid potential risks. These factors are expected to increase the demand for vacuum packaging among consumers, which will propel the growth of the global vacuum packaging market during the forecast period.
The growing demand for sustainable packaging solutions is a primary trend in the vacuum packaging market. The growing demand for sustainable packaging solutions is currently being witnessed in the global vacuum packaging market. As consumers become increasingly aware of the need to reduce their environmental impact, they are seeking products that are not only effective in preserving the freshness and quality of the contents but are also eco-friendly, which has led to a surge in the popularity of sustainable packaging options globally.
In addition to sustainable materials, innovative packaging designs are also being introduced in the global vacuum packaging market. Manufacturers can prolong shelf life, reducing the need for excessive packaging in order to minimize food waste through the use of more advanced technologies and techniques. Thus, it is expected to rise the adoption of vacuum packaging, which will fuel the growth of the market in focus during the forecast period.
The stringent regulation of plastics is a major challenge in the vacuum packaging market. The growing concern about the sustainability of the environment, strict regulations on plastics are becoming increasingly important in the global vacuum packaging market. Governments and regulatory bodies around the world have been implementing measures to reduce the negative impact of plastics on the environment, including their use in vacuum packaging.
Moreover, these regulations aim to encourage the adoption of more environmentally friendly alternatives and reduce the amount of plastic waste generated. To meet the regulations, vacuum packaging companies on the markets have had to modify their production process in order to make use of more sustainable materials like paper and plastic which are biodegradable. Thus, such factors are expected to hinder the growth of the market focus during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Vacuum Packaging Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Amcor Plc - The company offers vacuum packaging for bags and pouches under the brand Ecoguard.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The polyethylene segment is estimated to witness significant growth during the forecast period. This polyethylene (PE) segment plays a significant role in the global vacuum packaging market. In order to meet the needs of a range of packaging applications, this flexible and extensively used material has different useful properties. One key advantage of PE is its high barrier properties.
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The polyethylene segment was the largest segment and was valued at USD 11,848.05 million in 2017. PE offers excellent clarity, allowing consumers to easily see the contents of the package. Packaging that enhances the product's visual appearance and attracts potential customers is ensured by clear PE film. Furthermore, PE is lightweight, reducing transportation costs and minimizing carbon emissions. Its low density enables the creation of thin films without compromising product protection. The integration of PE into vacuum packaging solutions is particularly advantageous for e-commerce businesses that prioritize efficient shipping and environmental sustainability.
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APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC holds a significant position in the global vacuum packaging market. The demand for vacuum packaging solutions is on the increase, given that different countries in the region are rapidly developing their economies and becoming urbanized. This trend can be attributed to several factors, including changing consumer preferences, advancements in packaging technology, and increasing awareness about food safety and hygiene. Such factors will increase the market growth in this region during the forecast period.
The COVID-19 pandemic adversely affected the growth of the market in APAC in 2020. However, the easing of lockdowns, large-scale vaccination drives in different countries in APAC, including India, Japan, and China, and the emphasis on resuming the operations of other businesses in end-user industries, such as food processing, from Q3 2021 led to the gradual growth of the regional vacuum packaging market. This trend is expected to continue, which will propel market growth during the forecast period.
The vacuum packaging market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Vacuum Packaging Market Scope |
|
Report Coverage |
Details |
Page number |
176 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.03% |
Market growth 2023-2027 |
USD 6,640.09 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.51 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 39% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amcor Plc, Dow Chemical Co., Filtration Group Corp., GRUPO ULMA S. COOP, Henkelman BV, ILAPAK International S.A., Ishida Co. Ltd., KP Holding GmbH and Co. KG, Minipack International Pty Ltd., Mondi plc, MULTIVAC Sepp Haggenmuller SE and Co. KG, PAC Machinery, Plastopil Hazorea Co. Ltd., Promarks Vac Co. Ltd., Sealed Air Corp., SencorpWhite, Smurfit Kappa Group, The Vacuum Pouch Co. Ltd., WEBOMATIC Maschinenfabrik GmbH, and Winpak Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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