Vacuum Packaging Market Trends, Share, Demand, Forecast 2023-2028

How Big The Vacuum Packaging Market?

IMARC Group, a leading market research company, has recently releases report titled “Vacuum Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global vacuum packaging market trends, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global vacuum packaging market size reached US$ 27.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 34.77 Billion by 2028, exhibiting a growth rate (CAGR) of 4.14% during 2023-2028.

What are Vacuum Packaging:

Vacuum packaging refers to a method of packaging that removes air from the package prior to sealing. It comprises the extraction of air from the chamber, injecting preservative gas, and sealing and aerating the products. Vacuum packaging uses pouches, sachets, paper bags, bubble wraps, and stock bags to pack the products. It aids in removing oxygen from the container to prolong the shelf life of items and minimizing the volume of the contents and package. Vacuum packaging is lightweight, easy to open, carry, store and reseal, offers numerous customization options, which add aesthetic appeal to goods, etc.

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What are the growth prospects and trends in the Vacuum Packaging industry:

The widespread adoption of this method in the food and beverage (F&B) sector for the packaging of drinks is primarily augmenting the vacuum packaging market. Furthermore, the growing consumer inclination towards ready-to-eat (RTE) food products, owing to busy lifestyles and the inflating purchasing power of individuals, is positively influencing the global market. Apart from this, the escalating demand for seafood, meat, frozen vegetables, cheese, baked goods, etc., is acting as another significant growth-inducing factor.

Moreover, the rising utilization of vacuum packaging in the pharmaceuticals industry for packing drugs and reducing the risk of contamination is also bolstering the market growth. Besides this, it is gaining extensive traction in the e-commerce sector to enhance productivity, efficiency, and output, which is further catalyzing the global market. Additionally, the introduction of advanced solutions in the consumer electronics to prevent them from mildew, corrosion, and moisture is expected to fuel the vacuum packaging market in the coming years.

Vacuum Packaging Market Report Segmentation:

Who are the key players operating in the industry?

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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 and Winpak Ltd.

The report has been segmented the market into following categories:

Breakup by Process:

Skin Vacuum Packaging
Shrink Vacuum Packaging
Others

Breakup by Material:

Polyethylene
Polyamide
Ethylene Vinyl Alcohol
Others

Breakup by Machinery:

Thermoformers
External Vacuum Sealers
Tray-sealing Machines
Others

Breakup by Pack Type:

Flexible Packaging
Semi-rigid Packaging
Rigid Packaging

Breakup by Application:

Food
Pharmaceuticals
Industrial Goods
Others

Breakup by Region:

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

Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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