Global Vacuum Packaging Market, By Material Type (Polyethylene, Polypropylene, Polyamide, Ethylene Vinyl Alcohol, Others), Machinery (Thermoformers, External Vacuum Sealers, Tray Sealing Machines, Others), Process (Skin Vacuum Packaging, Shrink Vacuum Packaging, Others), Packaging (Rigid Packaging, Flexible Packaging, Semi-Rigid Packaging), Application (Food, Pharmaceuticals, Industrial Goods, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights : Global Vacuum Packaging Market
The vacuum packaging market is expected to witness market growth at a rate of approximately 5.05% in the forecast period of 2022 to 2029, and will reach the value of USD 28.36 billion by 2029. Data Bridge Market Research report on vacuum packaging market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid urbanization globally is escalating the growth of vacuum packaging market.
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. The rise in the merger & acquisition to support new demands and, research and development of drugs, and surge in number of advanced manufacturing processes to develop sustainable and eco-friendly packaging solutions further influence the market. Additionally, breakthrough in new technologies, change in consumer preference, growth in awareness, growing use of the smart packaging for patient engagement, and increase in knowledge about preventive healthcare positively affect the vacuum packaging market. Furthermore, emergence of new technologies extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, high cost associated with the development and lack of access to proper healthcare are expected to obstruct the market growth. Strong emphasis on lightweight packaging is projected to challenge the vacuum packaging market in the forecast period of 2022-2029.
This vacuum packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on vacuum packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Vacuum Packaging Market Scope and Market Size
The vacuum packaging market is segmented on the basis of material type, machinery, process, packaging and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material type, the vacuum packaging market is segmented into polyethylene, polypropylene, polyamide, ethylene vinyl alcohol and others.
- On the basis of machinery, the vacuum packaging market is segmented into thermoformers, external vacuum sealers, tray sealing machines and others.
- On the basis of process, the vacuum packaging market is segmented into skin vacuum packaging, shrink vacuum packaging and others.
- On the basis of packaging, the vacuum packaging market is segmented into rigid packaging, flexible packaging and semi-rigid Packaging.
- On the basis of application, the vacuum packaging market is segmented into food, pharmaceuticals, industrial goods and others.
Vacuum Packaging Market Country Level Analysis
The vacuum packaging market is analyzed and market size, volume information is provided by country, material type, machinery, process, packaging and application as referenced above.
The countries covered in the global vacuum packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the vacuum packaging market due to the rise in population and increase in packaged & convenience food demand within the region. Europe is expected to witness fastest growth during the forecast period of 2022 to 2029 because of the growing healthcare sector in the region.
The country section of the vacuum packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Vacuum Packaging Market Share Analysis
The vacuum packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to vacuum packaging market.
Some of the major players operating in the vacuum packaging market report are Amcor Limited, Bemis Company, Inc., Berry Plastics Corporation, Sealed Air Corporation, Coveris Holdings S.A., CVP Systems, Inc., Linpac Packaging Limited, Multisorb Technologies, Inc, ULMA Packaging, Sealer Sales, Inc., US Packaging & Wrapping LLC, Kite Packaging Ltd, Wells Can Company and S.Coop, and Orics Industries, Inc., among others.
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