Global Vacuum Packaging Market Global Share, Key Players, Outlook, Segments: Material (Polyethylene (PE), and Polyamide (PA)), Packaging (Rigid Packaging, Flexible Packaging, and Semi-Rigid Packaging), Application (Pharmaceutical, Food, Industrial, and Consumer Goods) and By Region – Global Forecast to 2023
Vacuum Packaging Market Overview
According to a recent study report published by the Market Research Future, The global market of Vacuum Packaging will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).
Several reasons drive this growth such growing urbanization, increased living standards, and disposable income in the developing regions play a main role. With the increase in number of convenience stores and super marts across the globe, especially in Asia-pacific has led to increased consumption of processed and convenience foods and beverages. Such stores has been able to bring the processed and packaged eatables close to the consumers.
Food & beverage industry has adopted vacuum packaging extensively across the world due to the some additional functionalities such as retention of integrity of a product and prevent food spoilage, along with increased shelf life. Such properties are ideal for the retail outlets where fresh and processed food items needs to be stored over a longer period of time as well it enables the consumers to see and feel the product from the packaging. This drives the demand of vacuum packaging across the foods & beverages industry.
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The significant companies operating in the global vacuum packaging market are Bernis Company Inc. (U.S.), Amcor Ltd. (Australia), Berry Plastic Corp. (U.S.), E. I. DuPont de Nemours and Company (U.S.), Coveris Holdings (Luxembourg), Linpack Packaging Ltd. (U.K.), Sealed Air Corp. (U.S.), Winpak, and Green Packaging Material (Jiangyin) Co., Ltd. (China).
Mar 2019 VacQPack system who manufacture packaging by combining low oxygen, low pressure, and temperature monitoring to create a perfectly preserved space for shipping commodities have recently achieved a 100% positive feedback from initial adopters through the company’s early shipping orders.
Detailed Regional Analysis
The regional examination in the vacuum packaging market comprises of North America, Europe, Asia Pacific and the rest of the world. The Asia Pacific region is identified as the principal and the fastest rising market for the vacuum packaging market. The European and North American region follows the market due to the surge in consumption of packaged and processed food. The Asia Pacific region is continuing its control of the vacuum packaging market owing to the upsurge in population, growing demand for packaged food, and healthcare spending. Besides, the speedy rise in the industrialization in India, China, and Japan is projected to boost the regional market for vacuum packaging. While the European region is identified as the next major market in terms of revenue after the Asia Pacific region. The advent of the eco-friendly packaging technologies that are cheaper and are made from the recycled material is anticipated to propel the market in the coming years.
The analysis of the segments of the Vacuum Packaging Market has been carried out on the basis of application, material, packaging, and region. On the basis of material, the vacuum packaging market is segmented into Polyamide (PA) and Polyethylene (PE). The segmentation of the vacuum packaging market on the basis of packaging segments the market into flexible packaging, rigid packaging, and semi-rigid packaging. By application, the vacuum packaging market is segmented into industrial, food, pharmaceutical, consumer goods, and others. The regions counted in the vacuum packaging market are North America, Europe, Asia Pacific and the rest of the world.
The promotional and miscellaneous expenses are upgraded chiefly due to the advancement of the market. The market shows an intensified growth pace due to the constructive influence exerted by the market forces from both internally and externally. The accretive nature of a few of the assets in the market is projected to increase the progress capability of the market. Specific areas in the market are projected to accomplish an absolute lead in the market place owing to improved strategies. Moreover, the alliances being created in the market are projected to additionally encourage the development of the market in the approaching years. The absorbed costs in the market are effortlessly dealt with, unlocking more room for expansion in the market. The players are staunchly taking on the obstacles to progress and are building strategies that are expected to lead to a useful effect on the market’s progress.
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Table Of Content
1 Executive Summary
2.2 Scope Of The Study
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
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