Vacuum Packaging Market 2022 Global Insights and Business Scenario - Amcor Limited, Sealed Air Corporation, Berry Global Inc., Coveris Holdings S.A.

Market Insights Reports has added new statistical data to its repository titled as, Global Vacuum Packaging Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Global Vacuum Packaging market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

The vacuum packaging market was valued at USD 25.12 billion in 2020 and is expected to reach USD 32.35 billion by 2026, at a CAGR of 4.13% over the forecast period 2021 - 2026. 

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Top Key Players in the Global Vacuum Packaging Market are Amcor Limited, Sealed Air Corporation, Berry Global Inc., Coveris Holdings S.A., SWISS PAC Pvt Ltd, M&Q Packaging LLC, Dow Inc., Klöckner Pentaplast Group, Plastopil Ltd., Mondi Group, and others.                                       

Industry News and Update:

- January 2018 - Sealed Air enhanced its Cryovac Darfresh packaging system (vacuum skin packaging) with new cardboard support, delivering operational efficiencies to processors, expanding merchandising opportunities and packing differentiation, and providing more convenience to consumers. The processors of meat, fish, and cheese can lower the production costs with the Cryovac Darfresh on Board pack as 40% less film is used as compared to traditional skin pack machines, reducing the volume of packaging required. Also, material, and s-rap disposal expenses can be avoided as 100% of the film is used.

Key Market Trends:

Food is Expected to Hold the Major Share

- Packaged food products are increasingly becoming an integral part of daily diet across the world. With the growing awareness concerning the use of inappropriate wrapping packaging materials that lead to chemical contamination and the increase in health consciousness among the customers, there is a growing need for hygiene packaging. This is expected to drive the need for vacuum packaging as it protects food products from atmospheric gas, in turn, extending the shelf life of such products.
- The demand for packaged chicken, beef, pork, etc., is increasing across the world, which in turn, will influence the demand for vacuum packaging. For instance, annual meat production is expected to grow from 218 million tonnes in 1997-1999 to 376 million tonnes by 2030, as per the World Health Organization. For the majority of people across the world, livestock products remain the desired food for nutritional value and taste. The beef and pork packing plants use vacuum packaging to preserve large cuts of meat as this packaging eliminates oxygen, which helps to preserve the meat within the packaging.
- This type of packaging has the potential to minimize food waste. For instance, by using plastic vacuum skin packaging for meat can increase the shelf life from two to three days, if wrapped in paper, to sixteen days and more, thus, reducing food waste by a staggering 75%.

North America is Expected to Hold a Significant Share

- North America is witnessing a rapid rise in its existing population, due to work-related migrations into the region. According to the International Monetary Fund, the population in the US was 327.4 million in 2018 and is projected to reach 341 million in 2024. According to the US Department of Labor, in 2018, there were 28.2 million foreign-born persons in the US labor force as compared to 27.4 million foreign-born persons in the US labor force in 2017. Thus, this rising population has directly burdened the food industry and impacting the packaging industry. It is home to the busiest markets and forms a significant part of the workforce dependent on the frozen foods and packaged food for appetite. Thus, these packaged food requires effective packaging that provides protection and resistance against bacteria growth and increases the shelf life of the food. These factors are expected to drive the demand for vacuum packaging in the region.

Full Browse the report description and TOC:

https://www.marketinsightsreports.com/reports/05202906532/vacuum-packaging-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=A28                           

This Global Vacuum Packaging Market report addresses:

– The Market size from 2016-2021

– Expected market growth until 2026

– Forecast of how market drivers, restraints, and future opportunities will affect

– Segment and regions that will drive or lead the market growth and why

– Comprehensive mapping of the competitive landscape

– In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about Global Vacuum Packaging market:

– What are the recent developments and government policies?
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– Where are the greatest dangers?              

We Also Offer Customization on report based on specific client Requirement:

– Free Country Level analysis for any 5 countries of your choice.

– Free Competitive analysis of any 5 key market players.

–  Free 40 analyst hours to cover any other data point

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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