Vacuum Packaging Market Synopsis
Vacuum packaging involves evacuation of air before sealing the packets to increase the shelf life. This process is gaining momentum and is likely to gain traction in the years to come. The global vacuum packaging market, as per the assessment offered by Market Research Future (MRFR), is poised to strike 4.97% CAGR over the evaluation period 2019 to 2025. The analysis highlights that the market is projected to reach USD 32.41 Bn mark by 2025.
The food & beverage industry exhibit excessive demand for vacuum packaging. It helps in the extension of the life span of the products. Increasing demand for processed and packages food products is expected to lead the growth rate of the vacuum packaging market over the next couple of years.
The rising demand from the pharmaceuticals industry is also anticipated to boost the growth pace of the vacuum packaging market in the foreseeable future. It offers protection from dust, insects, moisture, etc., which is projected to catapult the market on upward trajectory. Introduction of innovative technologies in the nearby future is prognosticated to catalyze the proliferation of the market in the years to come. On the contrary, the implementation of stricter regulations on packaging material wastage is projected to check the expansion of vacuum packaging market over the evaluation period.
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DuPont de Nemours, Inc. (US)
Amcor PLC (Australia)
Berry Global Inc. (US)
Klöckner Pentaplast (Germany)
Sealed Air (US)
Winpak Ltd (Canada)
Green Packaging Material (Jiangyin) Co., Ltd (China)
are the main players of the vacuum packaging market and are studied in the share analysis of the market. In addition, few other players profiled in this MRFR report are
US Packaging & Wrapping LLC (US)
Sealer Sales, Inc. (US)
Wells Can Company (Canada)
Kite Packaging Ltd (UK)
Collinsons Vacuum Packaging Pty Ltd (Australia)
STEWART'S PACKAGING (US)
These players are anticipated to encourage robust competition in the forthcoming years by investing in the expansion of technological capabilities. In addition, approaches such as collaborations with end-user industries, agreements, distribution channel expansion, etc. are further prognosticated to intensify competition in the vacuum packaging market over the next few years.
In August 2019, India-based Rajendra and Ursula Joshi Food Industries Pvt Ltd have announced the launch of soft paneer which leverages German technology for vacuum packaging.
In July 2019, a division of Jabil Inc. - Jabil Packaging Solutions (JPS) has announced the introduction of a suite of Sustainable Packaging Services that help packaged good brands in delivering sustainable and innovative packaging formats into the marketplace.
Based on material type, the global vacuum packaging market has been segmented into polypropylene, polyethylene, ethylene vinyl alcohol, polyamide, and others.
On the basis of process, the vacuum packaging market has been segmented into shrink vacuum packaging, skin vacuum packaging, and others.
By packaging, the global vacuum packaging market has been segmented into flexible packaging, rigid packaging, and semi-rigid packaging.
The segments of the vacuum packaging market, based on application, are pharmaceuticals, industrial goods, food, and others.
The geographical evaluation of the global vacuum packaging market identifies four major regions - North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). Asia Pacific accounted for maximum market share in 2018, followed by Europe and North America respectively. Increasing consumption of packaged as well as processed food is anticipated to drive the expansion of the market in region over the next couple of years. The growth of the end-user industries in the region is poised to emerge as the primary driver of the vacuum packaging market in the years to come.
Table Of Content
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objectives
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
List Of Tables
Table 1 Global Vacuum Packaging Market, By Region, 2019–2025
Table 2 North America: Global Vacuum Packaging Market, By Country, 2019–2025
Table 3 Europe: Global Vacuum Packaging Market, By Country, 2019–2025
Table 4 Asia-Pacific: Global Vacuum Packaging Market, By Country, 2019–2025
Table 5 Rest Of The World: Global Vacuum Packaging Market, By Country, 2019–2025
Table 6 Global Vacuum Packaging Market, By Material Type, By Region, 2019–2025
List Of Figures
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down And Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
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