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Vacuum Packaging Market Size, Industry Analysis Report By Material Type (Polyethylene, Polypropylene, Polyamide, Ethylene Vinyl Alcohol), By Machinery (Thermo-formers, External Vacuum Sealers, Tray Sealing Machines), By Process (Skin Vacuum Packaging, Shrink Vacuum Packaging), By Packaging (Rigid Packaging, Flexible Packaging, Semi-Rigid Packaging), By Application (Food, Pharmaceuticals, Industrial Goods) & Region - Forecasts By 2033

  • PUBLISHED ON
  • 2024-09-19
  • NO OF PAGES
  • 204
  • CATEGORY
  • Packaging

Market Overview

Global Vacuum Packaging Market valued at USD 31,200 million in 2022 is anticipated to reach a value of USD 42,700 million in 2033, growing at a CAGR of 4%.

Report Scope

Report Attributes

Description

Market Forecast in 2022

USD 31,200 Million

Market Forecast in 2033

USD 42,700 Million

CAGR % 2023-2033

4%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Product Vehicle type, end-user industry, company share, company heatmap, company Material Technology Vehicle type capacity, growth factors and more

Segments Covered

Material Type, Machinery, Process, Packaging, Application

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Berry Plastics Corporation, CVP Systems Inc., Linpac Packaging Limited, Coveris Holding S.A., Amcor Group, Ulma Packaging, Orics Industries, Multisorb Technologies Inc., and Sealed Air Corporation.

 

Vacuum Packaging Market: Description

Vacuum Packaging refers to a technique of removing air from a pack before sealing. The main purpose of the technique is removing oxygen by pulling the packaging material into intimate contact with the product. This type of packaging provides additional advantages, such as improving the rigidity of flexible packages and reducing the volume. The rise in pharmaceutical industry across the globe acts as one of the major factors driving the growth of vacuum packaging market. The adoption of serialized tracking and tracing of drugs, and increase in demand for drug delivery devices and blister packaging accelerate the market growth.

Increasing demand for hygienic packaged food is expected to propel the product demand over the next seven years. Vacuum packing ensures hygiene, product safety, and freshness for a longer duration. The vacuum packaging market has been growing in line with the food packaging market. Increasing consumption of processed and convenience food has been a major driving factor, affecting product demand. Ease of handling, portability, and flexibility has increased packaged food popularity. This technique ensures shelf life extension with high sterile environment, which prohibits food spoilage.

The demand for vacuum packaging is influenced by growing need for packaged products such as chicken, beef, and pork. As per the World Health Organization (WHO), annual meat production will reach 376 million tonnes by 2030. Further, utilizing polythene vacuum packaging for meat and food products has the potential to minimize food waste by a staggering 75%. The vacuum packaging market is undergoing a huge technological advancement. Innovative and new developments such as light-weight packaging and recyclable packaging are shaping the market landscape.

Low processing and production cost as well as abundance of plastic materials such as polyethylene (PE) are enabling their broader adoption in manufacturing vacuum packaging solutions. Excessive usage of such plastics, although recyclable, are posing threat to surroundings and are, thus, facing regulatory stringency. While vacuum packaging improves shelf life of frozen food items, certain bacteria are still able to grow and further contaminate food products.

Vacuum Packaging Market- Segmental Analysis:

Material Type Insights

Polyethylene holds maximum share in the global vacuum packaging industry and is expected to reach over USD 12,000 million.

Machinery Insights

The Thermo-formers segment presently dominates the market in terms of volume share and is expected to showcase similar growth trends.

Process Insights

The Skin Vacuum Packaging segment is expected to garner significant returns over the estimated timeframe.

Packaging Insights

Flexible packing is mostly used for packaged food, and thus, is expected to grow in proportion with food packaging industry growth.

Application Insights

Food packaging holds maximum share and is expected to retain its dominance over the forecast period. Various processes used in the technique include skin and shrink packaging.

Regional Insights

The Global Vacuum Packaging Market is further segmented into five major countries- North America, Europe, Asia-pacific, Latin America, Middle East and Africa.

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.

Competitive Analysis

Berry Plastics Corporation, CVP Systems Inc., Linpac Packaging Limited, Coveris Holding S.A., Amcor Group, Ulma Packaging, Orics Industries, Multisorb Technologies Inc., and Sealed Air Corporation.

Berry Global Group Inc. has acquired RPC Group PLC (RPC) to emerge as one of the world’s leading plastic packaging companies and a prominent global manufacturer of value-added protective solutions.

Vacuum Packaging Market- Segmental Analysis

Based on Material Type

·         Polyethylene

·         Polypropylene

·         Polyamide

·         Ethylene Vinyl Alcohol

·         Others

Based on Machinery

·         Thermo-formers

·         External Vacuum Sealers

·         Tray Sealing Machines

·         Others

Based on Process

·         Skin Vacuum Packaging

·         Shrink Vacuum Packaging

·         Others

Based on Packaging

·         Rigid Packaging

·         Flexible Packaging

·         Semi-Rigid Packaging 

Based on Application

·         Food

·         Pharmaceuticals

·         Industrial Goods

·         Others

 

1.       Global Vacuum Packaging Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Vacuum Packaging Market Scope and Market Estimation

1.2.1.Global Vacuum Packaging Overall Market Size, Revenue (US$ Mn) and Volume (Tons), Market CAGR (%), Market forecast (2023 - 2030)

1.2.2.Global Vacuum Packaging Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2030

1.3.    Market Segmentation

1.3.1.Material of Global Vacuum Packaging Market

1.3.2.Machinery of Global Vacuum Packaging Market

1.3.3.Application of Global Vacuum Packaging Market

1.3.4.Region of Global Vacuum Packaging Market

2.       Executive Summary

3.       Market Factor Analysis

3.1.   Global Vacuum Packaging Market Application Trends under COVID-19 Outbreak

3.1.1.Global COVID-19 Status Overview

3.1.2.Influence of COVID-19 Outbreak on Global Vacuum Packaging Market Application Development

3.2.   Market Dynamics

3.2.1.Drivers

3.2.2.Limitations

3.2.3.Opportunities

3.2.4.Impact Analysis of Drivers and Restraints

3.3.   Value Chain/ Ecosystem Analysis

3.3.1.Manufacturers / Vendors

3.3.2.Distributors

3.3.3.Buyers / End-users

3.3.4.Forward Integration & Backward Integration of Key Stakeholders

3.4.   Global Vacuum Packaging Market - Pricing Trends Analysis & Average Selling Prices (ASPs)

3.5.   Porter’s Five Forces Analysis

3.5.1.Bargaining Power of Suppliers

3.5.2.Bargaining Power of Buyers

3.5.3.Threat of Substitutes

3.5.4.Threat of New Entrants

3.5.5.Competitive Rivalry

3.6.   PEST Analysis

3.6.1.Political Factors

3.6.2.Economic Factors

3.6.3.Social Factors

3.6.4.Technological Factors

3.7.   Impact of Russia Ukraine War on Vacuum Packaging Market

3.8.   Impact of Economic Downturn on Vacuum Packaging Market

3.9.   Vacuum Packaging Production Capacity, by Major Countries

3.10.  Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Regions

4.       Global Vacuum Packaging Market Estimates & Forecast Trend Analysis, by Material

4.1.    Global Vacuum Packaging Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Material, 2019 to 2030

4.1.1.Polyethylene

4.1.2.Polypropylene

4.1.3.Polyamide

4.1.4.Ethylene Vinyl Alcohol

4.1.5.Others

5.       Global Vacuum Packaging Market Estimates & Forecast Trend Analysis, by Application

5.1.    Global Vacuum Packaging Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Application, 2019 to 2030

5.1.1.Food

5.1.2.Pharma

5.1.3.Industrial Goods

5.1.4.Others

6.       Global Vacuum Packaging Market Estimates & Forecast Trend Analysis, by Machinery

6.1.    Global Vacuum Packaging Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Machinery, 2019 to 2030

6.1.1.Thermo-formers

6.1.2.External Vacuum Sealers

6.1.3.Tray Sealing Machines

6.1.4.Others

7.       Global Vacuum Packaging Market Estimates & Forecast Trend Analysis, by Region

7.1.    Global Vacuum Packaging Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Region, 2019 to 2030

7.1.1.North America

7.1.2.Europe

7.1.3.Asia Pacific

7.1.4.Middle East & Africa

7.1.5.South America

8.       North America Vacuum Packaging Market: Estimates & Forecast Trend Analysis

8.1.    North America Vacuum Packaging Market Assessments & Key Findings

8.1.1.Vacuum Packaging Market Introduction

8.1.2.Vacuum Packaging Market Size Estimates and Forecast (US$ Million & Tons) (2019 – 2030)

8.1.2.1.   By Material

8.1.2.2.   By Application

8.1.2.3.   By Machinery

8.1.2.4.   By Country

8.1.2.4.1.     The U.S.

8.1.2.4.2.     Canada

8.1.2.4.3.     Mexico

9.       Europe Vacuum Packaging Market: Estimates & Forecast Trend Analysis

9.1.    Europe Vacuum Packaging Market Assessments & Key Findings

9.1.1.Vacuum Packaging Market Introduction

9.1.2.Vacuum Packaging Market Size Estimates and Forecast (US$ Million & Tons) (2019 – 2030)

9.1.2.1.   By Material

9.1.2.2.   By Application

9.1.2.3.   By Machinery

9.1.2.4.        By Country

9.1.2.4.1.     Italy

9.1.2.4.2.     Germany

9.1.2.4.3.     U.K.

9.1.2.4.4.     France

9.1.2.4.5.     Spain

9.1.2.4.6.     Rest of Europe

10.   Asia Pacific Vacuum Packaging Market: Estimates & Forecast Trend Analysis

10.1.  Asia Pacific Market Assessments & Key Findings

10.1.1.    Vacuum Packaging Market Introduction

10.1.2.    Vacuum Packaging Market Size and Volume Estimates and Forecast (US$ Million & Tons) (2019 – 2030)

10.1.2.1.    By Material

10.1.2.2.    By Application

10.1.2.3.    By Machinery

10.1.2.4.    By Country

10.1.2.4.1. China

10.1.2.4.2. Japan

10.1.2.4.3. India

10.1.2.4.4. Australia

10.1.2.4.5. South Korea

10.1.2.4.6. ASEAN

10.1.2.4.7. Rest of Asia Pacific

11.   Middle East & Africa Vacuum Packaging Market: Estimates & Forecast Trend Analysis

11.1.  Middle East & Africa Market Assessments & Key Findings

11.1.1.   Vacuum Packaging Market Introduction

11.1.2.   Vacuum Packaging Market Size and Volume Estimates and Forecast (US$ Million & Tons) (2019 – 2030)

11.1.2.1.    By Material

11.1.2.2.    By Application

11.1.2.3.    By Machinery

11.1.2.4.    By Country

11.1.2.4.1. U.A.E.

11.1.2.4.2. Saudi Arabia

11.1.2.4.3. Egypt

11.1.2.4.4. South Africa

11.1.2.4.5. Rest of Middle East & Africa

12.   South America Vacuum Packaging Market: Estimates & Forecast Trend Analysis

12.1.  South America Market Assessments & Key Findings

12.1.1.   Vacuum Packaging Market Introduction

12.1.2.   Vacuum Packaging Market Size and Volume Estimates and Forecast (US$ Million & Tons) (2019 – 2030)

12.1.2.1.    By Material

12.1.2.2.    By Application

12.1.2.3.    By Machinery

12.1.2.4.    By Country

12.1.2.4.1. Brazil

12.1.2.4.2. Argentina

12.1.2.4.3. Colombia

12.1.2.4.4. Rest of South America

13.   Competition Landscape

13.1.  Vacuum Packaging Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

13.2.  Vacuum Packaging Market Competition White Space Analysis, By End-user

13.3.  Vacuum Packaging Market Competition Regional Intensity Map Analysis, By Geographies Served

13.4.  Vacuum Packaging Market Concentration & Company Market Shares (%) Analysis, 2022

14.   Company Profiles

14.1.Berry Plastics Corporation

14.1.1.    Company Overview & Key Stats

14.1.2.    Financial Performance & KPIs

14.1.3.    Product Portfolio

14.1.4.    Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

14.2.CVP Systems Inc.,

14.3.Linpac Packaging Limited,

14.4.Coveris Holding S.A.,

14.5.Amcor Group,

14.6.Ulma Packaging,

14.7.Orics Industries,

14.8.Multisorb Technologies Inc.,

14.9.Sealed Air Corporation

14.10.   Others**

15.   Research Methodology

15.1.      External Power Outputs / Databases

15.2.      Internal Proprietary Database

15.3.      Primary Research

15.4.      Secondary Research

15.5.      Assumptions

15.6.      Limitations

15.7.      Report FAQs

16.   Research Findings & Conclusion

 

 

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We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size and growth projections?

The Global Vacuum Packaging Market valued at USD 31,200 million in 2022 is anticipated to reach a value of USD 42,700 million in 2033, growing at a CAGR of 4%.

What are the drivers shaping various markets?

The rise in pharmaceutical industry across the globe acts as one of the major factors driving the growth of vacuum packaging market. The adoption of serialized tracking and tracing of drugs, and increase in demand for drug delivery devices and blister packaging accelerate the market growth.

Who are the key competitors of market Players?

Some of the major players operating within the market are Berry Plastics Corporation, CVP Systems Inc., Linpac Packaging Limited, Coveris Holding S.A., Amcor Group, Ulma Packaging, Orics Industries, Multisorb Technologies Inc., and Sealed Air Corporation.

What are the top performing segments, and countries / regions of each of the markets?

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.

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