IMARC Group, a leading market research company, has recently releases report titled “Vacuum Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” offers a detailed analysis of the industry, including the global vacuum packaging market trends. The global market size reached US$ 28.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 39.2 Billion by 2032, exhibiting a growth rate (CAGR) of 3.61% during 2024-2032.
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Factors Affecting the Growth of the Vacuum Packaging Industry:
- Rising Demand for Food Preservation:
People are increasingly looking for products with longer shelf lives. The vacuum packaging process removes air from the packaging, creating an environment where microorganisms, such as bacteria and molds, cannot grow. This results in extending product shelf life, reducing food waste, and increasing consumer satisfaction. Vacuum packaging helps maintain the freshness and quality of food products by removing oxygen, which can lead to oxidation and spoilage. Vacuum packaging also minimizes the need for chemical preservatives and additives in food products.
- Thriving e-commerce industry:
Vacuum packaging provides an effective barrier against external factors, such as moisture, dust, and physical damage. This ensures that products arrive at their destination in optimal condition, reducing the risk of returns and customer dissatisfaction. E-commerce often involves the delivery of products over longer timeframes compared to traditional retail stores. Vacuum packaging significantly extends the shelf life of food and other perishable items, making them suitable for e-commerce distribution without compromising product quality and safety.
- Increasing Demand for Eco-Friendly Packaging:
Consumer and industry preferences are shifting towards packaging materials that are recyclable. As a result, key manufacturers are developing and using materials that can be easily recycled, reducing environmental impact and meeting sustainability goals. In addition, vacuum packaging materials that are biodegradable are gaining traction. These materials break down naturally, reducing the environmental footprint and addressing concerns about plastic waste. Eco-friendly vacuum packaging also helps in minimizing waste by using efficient packaging designs that optimize material usage.
Leading Companies Operating in the Global Vacuum Packaging Industry:
- 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.
Vacuum Packaging Market Report Segmentation:
By Process:
- Skin Vacuum Packaging
- Shrink Vacuum Packaging
- Others
Skin vacuum packaging represented the largest segment due to its ability to create a tight seal directly against the product, providing excellent product visibility and presentation.
By Material:
- Polyethylene
- Polyamide
- Ethylene Vinyl Alcohol
- Others
Polyethylene accounted for the largest market share on account of its versatility, cost-effectiveness, and suitability for a wide range of products.
By Machinery:
- Thermoformers
- External Vacuum Sealers
- Tray-sealing Machines
- Others
Thermoformers exhibit a clear dominance in the market as they offer high-speed packaging, precise control, and the ability to accommodate various packaging materials.
By Pack Type:
- Flexible Packaging
- Semi-rigid Packaging
- Rigid Packaging
Flexible packaging holds the biggest market share due to its lightweight, space-saving properties, and adaptability to a wide range of product shapes and sizes.
By Application:
- Food
- Pharmaceuticals
- Industrial Goods
- Others
Food dominates the market as vacuum packaging is widely used in the food and beverage (F&B) industry to extend shelf life, maintain product quality, and ensure food safety.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Asia Pacific enjoys the leading position in the vacuum packaging market on account of rapid industrialization and thriving food and beverage (F&B) industry.
Global Vacuum Packaging Market Trends:
The increasing focus on food safety is driving the adoption of vacuum packaging to minimize contamination risks and ensure the safe preservation of food products. Eco-friendly packaging materials and practices are gaining traction, with consumers showing a preference for sustainable vacuum packaging solutions, such as recyclable materials and reduced packaging waste.
Key manufacturers are increasingly offering customized vacuum packaging solutions to meet the unique needs of various industries, allowing for tailored packaging designs, sizes, and functionalities.
Other Key Points Covered in the Report:
- COVID-19 Impact
- Porters Five Forces Analysis
- Value Chain Analysis
- Strategic Recommendations
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