Vacuum Packaging Market

Market Overview:

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.

Vacuum packaging comprises the extraction of air from the chamber, injecting preservative gas, and sealing and aerating the products. It uses pouches, sachets, paper bags, bubble wraps, and stock bags to pack the products. It assists in removing oxygen from the container to prolong the shelf life of products and minimizing the volume of the contents and package. It is lightweight, easy to open, carry, store and reseal, and offers various customization options, which add aesthetic appeal to different products. At present, key players are introducing eco-friendly and renewable vacuum packaging solutions to reduce environmental impact.

Vacuum Packaging Market Trends:

Vacuum packaging is employed in the food and beverage (F&B) sector for the packaging of numerous food products and drinks. This, coupled with the increasing preferences for ready-to-eat (RTE) food products on account of busy lifestyles and the expanding purchasing power of individuals, represents one of the key factors strengthening the market growth around the world. The escalating demand for seafood, meat, frozen vegetables, cheese, baked goods, and other food products is also contributing to the market growth. Moreover, the rising adoption of vacuum packaging in the pharmaceutical industry for packing drugs and reducing the risk of contamination is favoring the growth of the market. In addition, vacuum packaging finds extensive application in the e-commerce industry to enhance productivity, efficiency, and output. Furthermore, the growing preferences for online shopping and the requirement for efficient delivery of products are influencing the market positively. Furthermore, vacuum packaging is used in the electronics industry to prevent the products from mildew, corrosion, and moisture. The increasing sales of consumer electronics are also providing a thrust to the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vacuum packaging market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on process, material, machinery, pack type and application.

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
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the vacuum packaging market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global vacuum packaging market.
• The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the vacuum packaging industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and  provides an insight into the current positions of key players in the market.