Vacuum Packing Foods Market Synopsis
The global vacuum packaging market, according to Market Research Future (MRFR)’s findings, is anticipated to expand at 4.97% CAGR over the review period 2019 to 2025. The valuation of the vacuum packaging market is revealed to exceed USD 32.41 Bn by 2025.Vacuum packaging is a method that evacuates air from packages before sealing. It removes oxygen from the package to extend the shelf life of the good.
The boom in the food & beverage industry is likely to motivate the growth of the market over the next few years. Increasing demand for convenience and frozen food is anticipated to lead the expansion of the vacuum packaging market in the upcoming years. Rising purchasing power of the population on the global front is prognosticated to support the proliferation of the market in the foreseeable future.
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The method of vacuum packaging eliminates moisture, which helps in protecting food from damage. This, in turn, is poised to expand the vacuum packaging market across the forecast period. The rising demand from end-user industries such as pharmaceuticals, industrial goods, etc. is further projected to drive market growth.
Vacuum Packaging Market Competitive Dashboard
DuPont de Nemours, Inc. (US), Amcor PLC (Australia), Winpak Ltd (Canada), Mondi (Austria), Berry Global Inc. (US), COVERIS (US), Sealed Air (US), Klöckner Pentaplast (Germany), and Green Packaging Material (Jiangyin) Co., Ltd (China) are the prominent players of the global vacuum packaging market.
US Packaging & Wrapping LLC (US), Kite Packaging Ltd (UK), Collinsons Vacuum Packaging Pty Ltd (Australia), Sealer Sales, Inc. (US), Wells Can Company (Canada), and STEWART’S PACKAGING (US) are few of the other players of the global market.
In November 2019, Slovenian wine producer Radgonske gorice has announced the production and packaging of its wine in a black bottle and vacuum film to avoid exposure to light.
In October 2019, Ilapak, a packaging machinery firm, has announced the launch of a rotary vacuum packer for the protein industry.
In September 2019, Bosch Packaging, an innovator in packaging technology, has announced the launch of an all-round packaging system ideal for bakery products, biscuits, and bars. The output capacity of the system is 800 products per minute, and it features the Pack 403 horizontal flow wrapper and Pack Feeder 4.
In September 2019, Rufil Industries, a food products manufacturing company, has announced the launch of soft paneer that uses German technology for vacuum packaging.
The material type-based segments pf the Vacuum Packing Foods Market are polypropylene, polyamide, polyethylene, ethylene vinyl alcohol, and others.
Based on process, the segments of the vacuum packing foods market are shrink vacuum packaging, skin vacuum packaging, and others.
The segments of the vacuum packaging market, based on packaging, are semi-rigid packaging, flexible packaging, and rigid packaging.
The application-based segments of the vacuum packaging market are pharmaceuticals, industrial goods, food, and others.
The geographical analysis of the global vacuum packaging market is included in this MRFR report for four regions – North America, Asia Pacific (APAC), Europe, and the Rest of the world (RoW). These regions are studied on a country-level market basis. Asia Pacific is the dominant region of the vacuum packaging market. The rising income level of consumers, in conjunction with the growing middle-income population, is expected to drive the expansion of the vacuum packaging market in the region. China and India are poised to catalyze market growth in the region. North America and Europe are also expected to witness substantial growth over the next couple of years. Increasing demand for packaged food owing to rising working population is anticipated to boost the growth of the vacuum packaging of meat market in the years to come.
Table Of Content
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objectives
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
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List Of Figures
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down And Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
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