Vacuum Packaging Market by Process (Skin Vacuum Packaging, Shrink Vacuum Packaging, and Others), Material (Polyethylene, Polyamide, Ethylene Vinyl Alcohol, and Others), Machinery (Thermoformers, External Vacuum Sealers, Tray-sealing Machines, and Others), Pack Type (Flexible Packaging, Semi-rigid Packaging, Rigid Packaging), Application (Food, Pharmaceuticals, Industrial Goods, and Others), and Region - 2023-2028
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 packagingmarket 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:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Billion
Segment Coverage
Process, Material, Machinery, Pack Type, Application, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
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.
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
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.
Key Questions Answered in This Report
The global vacuum packaging market was valued at US$ 27.1 Billion in 2022.
We expect the global vacuum packaging market to exhibit a CAGR of 4.14% during 2023-2028.
The rising demand for Ready-to-Eat (RTE) food products, along with the growing need for efficient delivery of items, is primarily driving the global vacuum packaging market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of various end-use industries for vacuum packaging.
Based on the process, the global vacuum packaging market can be segmented into skin vacuum packaging, shrink vacuum packaging, and others. Currently, skin vacuum packaging holds the majority of the total market share.
Based on the material, the global vacuum packaging market has been divided into polyethylene, polyamide, ethylene vinyl alcohol, and others. Among these, polyethylene currently exhibits a clear dominance in the market.
Based on the machinery, the global vacuum packaging market can be categorized into thermoformers, external vacuum sealers, tray-sealing machines, and others. Currently, thermoformers account for the majority of the global market share.
Based on the pack type, the global vacuum packaging market has been segregated into flexible packaging, semi-rigid packaging, and rigid packaging, where flexible packaging currently holds the largest market share.
Based on the application, the global vacuum packaging market can be bifurcated into food, pharmaceuticals, industrial goods, and others. Currently, food exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global vacuum packaging market include 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.
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