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Vacuum Packaging market To Reach USD 32.35 billion by 2026 | Amcor Limited, Bemis Company, Inc.

10-20-2021 01:29 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent market insights

Vacuum Packaging  market

Vacuum Packaging market

Vacuum packaging is a technology in which air is removed in order to block the growth of oxygen-breathing microbes, which spoil the product. The purpose of vacuum packaging is to eliminate oxygen from the package. Removal of inner oxygen results in a longer shelf life. It is essential that the accurate incorporation of the product, process, package, and distribution exists in the supply chain to avoid recontamination. The global vacuum packaging market is gaining momentum primarily due to the increasing demand for sanitary packaging in various sectors. A prominent disadvantage of vacuum packaging includes the loss of preservation once the package is opened.

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Vacuum Packaging Market Taxonomy

On the basis of Packaging Material, the market is segmented into:
Polyethylene
Polyamide
Ethylene Vinyl Alcohol
Others

On the basis of Machinery used, the market is segmented into:
Thermoformers
External Vacuum Sealers
Tray Sealing Machines
Others

Polyethylene is the most used material for vacuum packaging due to its low production & processing cost that has encouraged producers to prefer polyethylene over other packaging materials. Polyamide is another highly demanded packaging material due to its properties such as transparency, elasticity, and high thermoforming & high shrinkage characteristics. Increasing requirement for transparent food covering, due to its assurance on food quality by visual inspection, is expected to drive the polyamide demand over the forecast period. Thermoforming machines can be used for vacuum packaging in large production facilities.

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Asia Pacific is a major player in the global vacuum packaging market. The market growth is driven by factors such as high demand for packaged food, elevated healthcare expenditure, and rapid urbanization & industrialization in China and India. The augmented use of vacuum packaging in various end-use industries such as pharmaceuticals is projected to propel the growth of the vacuum packaging market

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