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Vacuum Packaging Market is expected to reach US$22.8 bn by the end of 2024

Augmented demand for packaged hygienic food is likely to escalate the demand for vacuum packaging solutions in the years to come. The global vacuum packaging market is likely to rise at 4.9% CAGR over the tenure of the forecast, from 2016 to 2024. Various benefits of vacuum packing such as product safety, extended shelf life, and hygiene are likely to foster the growth of the market.

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The global vacuum packaging market is primarily driven by the expansion of the food packaging market. Augmented intake of convenience and processed food has been one of the major driving forces in the growth of the market. Furthermore, flexibility, portability, and ease of handling have augmented the popularity of packaged food. Vacuum packaging helps in preventing spoilage of food products


Some prominent companies that have been mentioned in the report on global vacuum packaging market are Amcor Limited, Sealed Air Corporation, Berry Plastics Corporation, Bemis Company, Inc., Coveris Holdings S.A, and Multisorb Technologies, Inc.

Asia Pacific to Retain its Dominance with Europe Following Closely

Asia Pacific is estimated to account for a sizeable chunk of the global vacuum packaging market and the region is estimated to retain is rapid growth rate over the tenure of assessment. Increased spending on healthcare, growing demand for convenience and packaged food, and rising population in the region is estimated to trigger the growth of the Asia Pacific vacuum packaging market in the years to come.

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Europe is likely to follow Asia Pacific closely due to the presence of huge demand for processed and packaged food. In addition, expansion and development of the healthcare sector are likely to push for the demand for pharmaceutical packaging in Europe. This is estimated to favor the growth of the Europe vacuum packaging market.

Increased Demand for Nutritious Packaged Food to Spell Growth for the Market

The global vacuum packaging market is likely to be driven by its capability to retain freshness and prolonged shelf life of food products. This property of the packaging solution has made it a popular choice in the food packaging industry.

In vacuum packaging solutions, the air around a food item is removed and then the product is packaged tightly in an impermeable package. This type of packaging solution eliminates the atmospheric oxygen, thereby restricting the growth of aerobic fungi or bacteria. It also prevents the evaporation of volatile substances. The food items in vacuum packaging solution are protected from insects, moisture, dust, and many other external components, thereby fuelling demand for vacuum packaging solutions.

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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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