Vacuum Packaging Market Growth, Trends, Size, Demand, Revenue, Share and Future Outlook
Vacuum Packaging Market Size- By Process, By Material, By Machinery, By Pack Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2023 | Report ID: PACK2331 | Pages: 1 - 225 | Formats*: |
| Category : Packaging | |||
Vacuum Packaging Market Introduction and Overview
According to SPER Market Research, the Global Vacuum Packaging Market is estimated to reach USD 43.18 billion by 2033 with a CAGR of 4.43%.
The report includes an in-depth analysis of the Global Vacuum Packaging Market, including market size and trends, product mix, distribution channels, and supplier analysis. The process of vacuum packaging entails taking out the air from the container before sealing it. It produces an environment with low oxygen, which helps perishable goods last longer. By eliminating air, it lessens the chance of oxidation and inhibits the growth of mold and yeast as well as aerobic bacteria, which need oxygen to flourish and contaminate food. It is frequently used in the food industry to package a variety of goods, such as cheeses, meats, fruits, and vegetables. It also has other advantages, like keeping the food's flavor, freshness, and nutritional content intact. Additionally, it aids in avoiding freezer burn on frozen goods.
- LeafSkin packaging is a sustainable packaging solution that developed a new model of thermoforming machine to package fresh products in vacuum skin packs on a flat cardboard base. Because of its unique bottom film traction system—which does not require a chain—all of the base material, regardless of width, is retained in the LeafSkinTM packaging made by our customers.
- Amcor Plc announced in May 2023 that it intends to purchase Moda Systems, a top producer of cutting-edge, automated packaging equipment, in order to provide a comprehensive, production-ready fresh packaging solution.
- Sealed Air Corporation announced in May 2023 that it had officially changed its corporate name to SEE, marking the next phase in its transformation into a packaging solutions provider.
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Vacuum Packaging Market Market Opportunities and Challenges
Opportunities: The market is mostly driven by the growing need for perishable food products to be preserved and have longer shelf lives. Furthermore, the low-oxygen environment produced by vacuum packaging prevents the growth of bacteria that cause food spoiling and lowers the risk of foodborne illnesses, both of which have an impact on market expansion. Another significant growth-inducing factor is the increasing e-commerce and online food delivery services, which are driving the adoption of vacuum packaging and raising the need for effective and safe packaging solutions to preserve product integrity during transit. Additionally, food products packaged in vacuum-sealed bags maintain their quality and reach consumers in the best possible condition. This helps the market grow faster by catering to consumers' increasing preferences for convenience and high quality.
Challenges: Tight rules and expensive installation. Vacuum packaging solutions can use plastics more widely because of their low production and manufacturing costs and the abundance of plastic materials like polyethylene (PE). Although recyclable, excessive use of these plastics is hazardous to the environment and is therefore strictly regulated. Food products can still harbour some bacteria and become more contaminated even with their longer shelf life due to vacuum packing. Concerning the adoption of vacuum packaging solutions, organizations like the Food Standards Agency are becoming more stringent. Moreover, players in the vacuum packaging market are currently faced with the challenge of increased installation costs and ongoing machine maintenance.
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Market Competitive Landscape
Important market participants are currently putting strategic initiatives into practice to fortify their positions and seize market opportunities. The aforementioned actions comprise various strategies intended to improve product offerings, broaden market penetration, and stimulate innovation. Some of the market key players are Amcor plc, Coveris Holdings S.A., Dow Inc, Kite Packaging Ltd, Klöckner Pentaplast, Nemco Machinery A/S, Plastopil Hazorea Company Ltd, Sealed Air Corporation, Sealer Sales Inc., U.S. Packaging & Wrapping LLC, ULMA Packaging, Wells Can Company Ltd, Winpak Ltd., Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Process, By Material, By Machinery, By Pack Type, By Application |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Amcor plc, Coveris Holdings S.A., Dow Inc, Kite Packaging Ltd, Klöckner Pentaplast, Nemco Machinery A/S, Plastopil Hazorea Company Ltd, Sealed Air Corporation, Sealer Sales Inc., U.S. Packaging & Wrapping LLC, ULMA Packaging, Wells Can Company Ltd, Winpak Ltd., Others. |
COVID-19 Impact on Global Vacuum Packaging Market
Demand for packaged foods increased significantly during the COVID-19 pandemic as people started cooking more at home and ate less out. More effective packaging methods, like vacuum packing, were required to meet the increased demand for packaged food items in order to maintain food safety, extend shelf life, and meet increased production requirements. Following the pandemic, consumers and food manufacturers will continue to place a premium on safe and effective packaging solutions, and the market is expected to adjust and innovate to meet these changing requirements.
Key Target Audience
- Food and Beverage Industry
- Pharmaceutical Industry
- Consumer Goods Manufacturers
- Vacuum Packaging manufacturers
- Logistics and Supply Chain Management
- Hospitality and Catering Services
- Cosmetics and Personal Care Industry
Our in-depth analysis of the Vacuum Packaging Market includes the following segments:
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Key Topics Covered in the Report
- Global Vacuum Packaging Market Size (FY’2023-FY’2033)
- Overview of Global Vacuum Packaging Market
- Segmentation of Global Vacuum Packaging Market By Process (Skin Vacuum Packaging, Shrink Vacuum Packaging, Others)
- Segmentation of Global Vacuum Packaging Market By Material (Polyethylene, Polyamide, Ethylene Vinyl Alcohol, Others)
- Segmentation of Global Vacuum Packaging Market By Machinery (Thermoformers, External Vacuum Sealers, Tray-sealing Machines, Others)
- Segmentation of Global Vacuum Packaging Market By Pack Type (Flexible Packaging, Semi-rigid Packaging, Rigid Packaging)
- Segmentation of Global Vacuum Packaging Market By Application (Food, Pharmaceuticals, Industrial Goods, Others)
- Statistical Snap of Global Vacuum Packaging Market
- Expansion Analysis of Global Vacuum Packaging Market
- Problems and Obstacles in Global Vacuum Packaging Market
- Competitive Landscape in the Global Vacuum Packaging Market
- Impact of COVID-19 and Demonetization on Global Vacuum Packaging Market
- Details on Current Investment in Global Vacuum Packaging Market
- Competitive Analysis of Global Vacuum Packaging Market
- Prominent Players in the Global Vacuum Packaging Market
- SWOT Analysis of Global Vacuum Packaging Market
- Global Vacuum Packaging Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Vacuum Packaging Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Vacuum Packaging Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Vacuum Packaging Market
7. Global Vacuum Packaging Market, By Process (USD Million)
7.1. Global Vacuum Packaging Market Value Share and Forecast, By Process, 2023-20337.2. Skin Vacuum Packaging7.3. Shrink Vacuum Packaging7.4. Others
8. Global Vacuum Packaging Market, By Material (USD Million)
8.1. Global Vacuum Packaging Market Value Share and Forecast, By Material, 2023-20338.2. Polyethylene8.3. Polyamide8.4. Ethylene Vinyl Alcohol8.5. Others
9. Global Vacuum Packaging Market, By Machinery (USD Million)
9.1. Global Vacuum Packaging Market Value Share and Forecast, By Machinery, 2023-20339.2. Thermoformers9.3. External Vacuum Sealers9.4. Tray-sealing Machines9.5. Others
10. Global Vacuum Packaging Market, By Pack Type (USD Million)
10.1. Global Vacuum Packaging Market Value Share and Forecast, By Pack Type, 2023-203310.2. Flexible Packaging10.3. Semi-rigid Packaging10.4. Rigid Packaging
11. Global Vacuum Packaging Market, By Application (USD Million)
11.1. Global Vacuum Packaging Market Value Share and Forecast, By Application, 2023-203311.2. Food11.3. Pharmaceuticals11.4. Industrial Goods11.5. Others
12. Global Vacuum Packaging Market Forecast, 2019-2033 (USD Million)
12.1. Global Vacuum Packaging Market Size and Market Share
13. Global Vacuum Packaging Market, By Process, 2019-2033 (USD Million)
13.1. Global Vacuum Packaging Market Size and Market Share By Process (2019-2026)13.2. Global Vacuum Packaging Market Size and Market Share By Process (2027-2033)
14. Global Vacuum Packaging Market, By Material, 2019-2033 (USD Million)
14.1. Global Vacuum Packaging Market Size and Market Share By Material (2019-2026)14.2. Global Vacuum Packaging Market Size and Market Share By Material (2027-2033)
15. Global Vacuum Packaging Market, By Machinery, 2019-2033 (USD Million)
15.1. Global Vacuum Packaging Market Size and Market Share By Machinery (2019-2026)15.2. Global Vacuum Packaging Market Size and Market Share By Machinery (2027-2033)
16. Global Vacuum Packaging Market, By Pack Type, 2019-2033 (USD Million)
16.1. Global Vacuum Packaging Market Size and Market Share By Pack Type (2019-2026)16.2. Global Vacuum Packaging Market Size and Market Share By Pack Type (2027-2033)
17. Global Vacuum Packaging Market, By Application, 2019-2033 (USD Million)
17.1. Global Vacuum Packaging Market Size and Market Share By Application (2019-2026)17.2. Global Vacuum Packaging Market Size and Market Share By Application (2027-2033)
18. Global Vacuum Packaging Market, By Region, 2019-2033 (USD Million)
18.1. Global Vacuum Packaging Market Size and Market Share By Region (2019-2026)18.2. Global Vacuum Packaging Market Size and Market Share By Region (2027-2033)18.3. Asia-Pacific
18.3.1. Australia18.3.2. China18.3.3. India18.3.4. Japan18.3.5. South Korea18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France18.4.2. Germany18.4.3. Italy18.4.4. Spain18.4.5. United Kingdom18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia18.5.2. United Arab Emirates18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada18.6.2. Mexico18.6.3. United States
18.7. Latin America
18.7.1. Argentina18.7.2. Brazil18.7.3. Rest of Latin America
19. Company Profile
19.1. Amcor plc
19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments
19.2. Coveris Holdings S.A.
19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments
19.3. Dow Inc
19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments
19.4. Kite Packaging Ltd
19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments
19.5. Klöckner Pentaplast
19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary
19.5.4. Recent developments
19.6. Nemco Machinery A/S
19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments
19.7. Plastopil Hazorea Company Ltd
19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments
19.8. Sealed Air Corporation
19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments
19.9. Sealer Sales Inc.
19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments
19.10. U.S. Packaging & Wrapping LLC
19.10.1. Company details19.10.2. Financial outlook19.10.3. Product summary19.10.4. Recent developments
19.11. ULMA Packaging
19.11.1. Company details19.11.2. Financial outlook19.11.3. Product summary19.11.4. Recent developments
19.12. Wells Can Company Ltd
19.12.1. Company details19.12.2. Financial outlook19.12.3. Product summary19.12.4. Recent developments
19.13. Winpak Ltd.
19.13.1. Company details19.13.2. Financial outlook19.13.3. Product summary19.13.4. Recent developments
19.14. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Vacuum Packaging Market is projected to reach USD 43.18 billion by 2033, growing at a CAGR of 4.43% during the forecast period.
Vacuum Packaging Market grew in market size from 2022. The Market is expected to reach USD 43.18 billion by 2033, at a CAGR of 4.43% during the forecast period.
Vacuum Packaging Market CAGR of 4.43% during the forecast period.
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Vacuum Packaging Market size is USD 43.18 billion from 2023 to 2033.
Vacuum Packaging Market Segment is covered By Process, By Material, By Machinery, By Pack Type, By Application.
The North America is anticipated to have the highest market share in the Vacuum Packaging Market.
The key players in the market include Companies Covered Amcor plc, Coveris Holdings S.A., Dow Inc, Kite Packaging Ltd, Klöckner Pentaplast, Nemco Machinery A/S, Plastopil Hazorea Company Ltd, Sealed Air Corporation, Sealer Sales Inc., U.S. Packaging & Wrapping LLC, ULMA Packaging, Wells Can Company Ltd, Winpak Ltd., Others.
The process of vacuum packaging entails taking out the air from the container before sealing it. It produces an environment with low oxygen, which helps perishable goods last longer.
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