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Vacuum Packaging Market Seeking Excellent Growth 2021 by Investment Feasibility, Sales, Production and Company Introduction: Coveris Holdings, Cvp Systems

07-16-2021 10:31 AM CET | Science & Education

Press release from: Supply Demand Market Research

Vacuum Packaging Market Seeking Excellent Growth 2021

The global vacuum packaging market in 2020 was approximately USD 20.5 Billion. The market is expected to grow at a CAGR of 5.2% and is anticipated to reach around USD 33 billion by 2025. The rising awareness of hygiene is projected to become the consumer’s first priority, thereby supporting the growth of vacuum packing techniques. In addition, the rising disposable incomes and inclination towards spending on safe and hygienic food products is also expected to drive the vacuum packaging market growth during the forecast period. Apart from that, the high cost incurred in the process will hinder the market growth.

Vacuum packaging is defined as creating a vacuum before sealing the package. It includes wrapping in a plastic and making sure that no air is trapped inside. It is majorly useful in preserving food where presence of air can promote growth of bacteria inside food. Vacuum packaging increases the shelf life of food products and maintains freshness. The rise in the consumption of processed and packed food is one of the prominent driving factors, which is influencing the demand for vacuum packaging materials for food. easy handling, convenience and flexibility have surged the popularity of vacuum-packed food products.

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The market for vacuum packaging market is intensely competitive and is highly fragmented. The vendors in the vacuum packaging market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their products.

The key players in the market are Amcor, Bemis, Berry Plastics, Sealed Air, Coveris Holdings, Cvp Systems, Linpac Packaging, Multisorb Technologies, Ulma Packaging, Orics Industries and Others.

Based On The Type, The Global Vacuum Packaging Market Segmented Into

Polyethylene (PE)
Polyvinylidenchloride (PVDC)
Polypropylene(PP)
Polyvinylchloride(PVC)
Polyester(PET)
Polyamide(PA)

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Based On The Application, The Global Vacuum Packaging Market Segmented Int

Food & Beverage
Pharmaceuticals
Industrial Goods
Consumer Goods
Others

Based On The Type Of Region, The Global Vacuum Packaging Market Segmented Into

Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]

Company Profile Analysis- The Global Vacuum Packaging Market

Amcor
Bemis
Berry Plastics
Sealed Air
Coveris Holdings
Cvp Systems
Linpac Packaging
Multisorb Technologies
Ulma Packaging
Orics Industries
Others

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