Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the Global Vacuum Packaging Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.30% during the review period (2022 to 2027).
Vacuum packaging is a form of packaging that removes the air around the food and then seals the product in a waterproof container. It means creating a vacuum before sealing the package. It involves packaging it in plastic and stopping air from being trapped inside. The presence of air can indorse the growth of bacteria within food, which is very useful for food protection. The purpose of vacuum packaging is usually to remove oxygen from containers to extend the shelf life of food products. Vacuum packaging is widely used in the food and beverage industry around the world due to its many benefits such as longer shelf life, protection against dust, moisture, bugs, and other external factors, and no need for biological preservatives. Such packaging allows consumers to see and feel the product in the packaging itself. Vacuum packaging reduces oxygen in the atmosphere, which limits the growth of aerophilic bacteria or fungi and prevents the evaporation of volatile mechanisms. Vacuum packaging protects your creation from dust, moisture, insects, and other external factors that can damage food. This will extend the shelf life of fresh and perishable products 3-5 times compared to normal refrigerated life. Vacuum sealing meaningfully extends the shelf life of cheese, meat, soups, and many other types of food. Vacuum packaging seals in the flavor and is a fast and well-organized packaging method. This method is used for commercial and residential use to preserve food.
The Global Vacuum Packaging Market includes identification and analysis of the various market participants competing in the global market. Prime competitors include Ulma Packaging, Sealed Air Corporation, Berry Plastics Corporation, Amcor Limited, Bemis Company Inc, Coveris Holding SA, CVP Systems, Inc, Orics Industries, Inc, SCOOP, Linpac Packaging Limited, Multisorb Technologies Inc and Others.
April 20, 2022: Amcor launches more sustainable packaging for pharmaceuticals
Amcor a global leader in developing and producing responsible packaging solutions, today announced the addition of new, more sustainable High Shield laminates to its pharmaceutical packaging portfolio. The new low carbon, recycle-ready packaging options deliver on two fronts, providing the high barrier and performance requirements needed for the industry while supporting pharmaceutical companies’ recyclability agendas.
January 24, 2020: SEALED AIR Reinvents its Iconic BUBBLE WRAP® Brand Packaging Material Using Recycled Content
Sealed Air Corporation, the original inventor of BUBBLE WRAP®, has launched a new version of BUBBLE WRAP® brand packaging material that is made with at least 90 percent recycled content.
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application, it is segmented into
Asia Pacific holds the maximum share in the global vacuum packaging industry and it is expected to be the fastest-growing market over the forecast period. Increasing population, rising packaged & convenience food demand, healthcare expenditure, and rapid industrialization in China and India are expected to propel the regional market over the forecast period. North America dominates the vacuum packaging market due to the rise in population and increase in packaged & convenience food demand within the region. Europe is expected to witness fastest growth during the forecast period of 2022 to 2029 because of the growing healthcare sector in the region.
The Global Vacuum Packaging Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Vacuum Packaging Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2028 CAGR | CAGR of 4.30% during the review period (2022 to 2027). |
By Types |
|
By Application |
|
By Companies | Ulma Packaging, Sealed Air Corporation, Berry Plastics Corporation, Amcor Limited, Bemis Company Inc |
Regions Covered |
|
Countries Covered |
|
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 99 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Global Vacuum Packaging Market is studied from 2022-2027.
Who are the prime players in the Global Vacuum Packaging Market?
Ulma Packaging, Sealed Air Corporation, Berry Plastics Corporation, Amcor Limited, Bemis Company Inc
Which region held the largest share in the Global Vacuum Packaging Market?
United States, Europe, China, Japan, Southeast Asia, India and Rest of World
What are the significant Types of Global Vacuum Packaging Market?
Flexible packaging, Rigid packaging, Semi-rigid packaging
What are the major Application of Global Vacuum Packaging Market?
Food packaging, pharmaceuticals packaging, Industrial goods packaging, Consumer goods packaging
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
Reach us with your research requirements and we shall provide the optimum solution to suit your needs.
Discounts available for multiple report purchases.