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The Europe vacuum packaging market size is estimated to grow at a CAGR of 4.19% between 2022 and 2027. The market size is forecast to increase by USD 2,161.29 million. The growth of the market depends on several factors such as the rising focus on improving the shelf life of products, the high adoption of sustainable packaging, and the increasing popularity of frozen food and ready meals.
This Europe vacuum packaging market report extensively covers market segmentation by end-user (food and non-food), and material (polyethylene, polyamide, EVOH, and others). 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.
The rising focus on improving the shelf life of products is driving growth in the Europe vacuum packaging market. The long shelf life of products helps manufacturers keep the products for sale for a longer time and, in turn, reduces their wastage. Products are ensured to reach their destinations before they cease to exist by the long period of shelf life. Europe Vacuum packaging is effective in improving the shelf life of products.
Moreover, the need to extend the shelf life of food items and reduce waste has led to the emergence of resealable flexible plastic packaging. Packaging which allows consumers to open or close it after use is called as a resealable package. Reseal technology allows consumers to snack from the same bag or pouch and then secure the package for later use. Thus, the rising focus on improving the shelf life of products will drive the growth of the Europe vacuum packaging market during the forecast period.
The growing popularity of lightweight vacuum packaging is a primary trend in the Europe vacuum packaging market. The research and development of new lightweight vacuum packaging is growing in this market to reduce waste and enhance usability. Lightweight vacuum packaging is cost-effective and recyclable. It also increases the cost of production and bottling. Therefore, goods manufacturers are gradually adopting lightweight vacuum packaging.
Moreover, the growing popularity and demand for lightweight vacuum packaging materials in Europe have a positive impact on the overall demand for vacuum packaging. Several types of lightweight plastic resins are provided by various vacuum packaging suppliers in Europe which can be used for a wide range of applications. This film can be used in different applications such as dairy and ice cream, meat, fish and seafood, and ready meals. Such factors will drive the growth of the Europe vacuum packaging market during the forecast period.
The contamination of food during packaging is a major challenge in the Europe vacuum packaging market. In the food processing process, packaging is an important element. But it can be a source of contamination as well. Packaging materials such as plastics and paper may contain various hazardous chemicals which come in contact with food. The transfer of chemicals occurs when the food-contact materials are exposed to high temperatures. Contamination may also occur when the recycling packaging is used.
During packaging, various products are susceptible to cross-contamination. Between the different components of the filling machines, particles may get stuck, trapped, or clogged. Therefore, it may result in contamination of packaging. The contaminants could seep through the fillers to the containers and contaminate the product inside. Such issues related to contamination in food packaging may affect the growth of the Europe vacuum packaging market 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
Vendors 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 different types of products such as meat and cheese.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The food segment is estimated to witness significant growth during the forecast period. The food industry in Europe is one of the largest industries in Europe, which contributes majorly to the economic development of the region. The need for food packaging in this sector is very important due to the fact that foods must pass through several stages of their supply chains, e.g. manufacturers, distributors, retailers, and end customers.
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The food segment was the largest segment and was valued at USD 4,654.79 million in 2017. Food products need to be packaged in durable packages so that they reach the customer with the expected quality and taste. In order to meet the increasing demands for food packaging in Europe, producers have been forced to come up with packaging designs and materials that have a major influence on customer preference and protect against the contamination of food.
The Europe 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.
Europe Vacuum Packaging Market Scope |
|
Report Coverage |
Details |
Page number |
156 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.19% |
Market growth 2023-2027 |
USD 2,161.29 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.68 |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amcor Plc, ANL PACKAGING, Bernhardt SAS, Berry Global Inc., Coveris Management GmbH, Filtration Group Corp., G.MONDINI Spa, Green Packaging Material Jiangyin Co. Ltd., GRUPO ULMA S. COOP, Henkelman BV, JAW FENG MACHINERY CO. LTD., Kopack Enterprises, Mondi plc, ORICS Industries Inc., Plastopil Hazorea Co. Ltd., Sealed Air Corp., SIA SCANDIVAC, Swiss Pack, The Middleby Corp., and Wihuri International Oy |
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. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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