Vacuum Packaging Market Evolving Technology, Demands and Business Outlook 2022 to 2026: Amcor Limited, Sealed Air Corporation, Berry Global Inc., Coveris Holdings S.A

The Vacuum Packaging Market provides a unique tool for evaluating the market highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the Vacuum Packaging Market forecast 2026.            

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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The Vacuum Packaging market is highly competitive and consists of a number of major players. Companies like 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 Amongst Others.

Key Developments:

- 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 scr-ap 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.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools:  Vacuum Packaging Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Frequently asked questions by our customers:

-What are the drivers governing the growth of the market?

-What is the annual growth rate of the Vacuum Packaging market?

-What is the impact of Covid-19 on the market?

Finally, Vacuum Packaging Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principal locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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