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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Conclusion
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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%.
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.
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.
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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