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Vacuum Packaging Market Competitive Landscape and Application Development Analysis to 2018 – 2025
Thus, increased shelf life results in reduced product loss. Vacuum packaging also eliminates the need of chemical preservatives. Owing to above factors, it is increasingly preferred by manufacturers as a hygienic packaging material in food and pharmaceutical industry.
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Easy handling and convenient packaging are other important factors driving the vacuum packaging market.However, high cost of vacuum packaging machines is affecting the growth of market in several countries across the world. However, with technological advancements, the cost of the machines is expected to reduce during the forecast period, reducing the impact of the limitation.The vacuum packaging market can be segmented based on packaging material, machinery, process, pack type, application, and region.
Based on packaging material, the vacuum packaging market can be segmented into polyamide, polyethylene, ethylene vinyl alcohol, and others. Based on machinery, the vacuum packaging market can be segmented into external vacuum sealers, thermoformers, tray-sealing machines, and others. Based on process, the market can be segmented into skin vacuum packaging, shrink vacuum packaging and others. Based on pack type, the vacuum packaging market can be segmented into flexible, semi-rigid, and rigid.
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Based on application, the market can be segmented into food, pharmaceuticals, and others. Based on region, the vacuum packaging market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific is expected to be the most lucrative market amongst all owing to increased demand for safe & hygienic packaged products and rising disposable income in the region.
Key players operating in the vacuum packaging market include Sealed Air Corporation, S.Coop, Linpac Packaging Limited, COVERIS, LLC, Multisorb Technologies, Inc., Orics Industries, Inc., and Bemis Company, Inc. Amcor Limited, ULMA Packaging S.A.R.L, CVP Systems, Inc., Berry Global Inc. among others.
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