Press release
Vacuum Packaging Market by Key Players, Regional Demand Analysis, Size, Share, Revenue and Forecast by 2029 | Key Players - DuPont de Nemours, Inc., Mondi, Amcor PLC, Berry Global Inc.
Based on previous market performance, the Vacuum Packaging market is expected to reach USD 42.56 Billion in size by 2029. With a 4.9% CAGR.Vacuum Packaging Market Overview:
A method of removing air from a pack before closing is known as vacuum packaging. By bringing the packing material into close contact with the product, the technique's primary goal is to remove oxygen from the air. Additional benefits of this kind of packaging include enhancing the rigidity of flexible containers and decreasing bulk.
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One of the key factors fueling the growth of the vacuum packing market is the expansion of the pharmaceutical industry globally. The adoption of serialized drug tracking and tracing, as well as the rise in demand for blister packaging and drug delivery systems, fuel market expansion. The market is also influenced by the increase in merger and acquisition to meet growing demand, drug development and research, and the proliferation of modern manufacturing techniques to create environmentally friendly and sustainable packaging.
Based on our expert's analysis the players that are leading the market includes: DuPont de Nemours, Inc., Mondi, Amcor PLC, Berry Global Inc., Sealed Air, COVERIS, Klöckner Pentaplast, Winpak Ltd, US Packaging & Wrapping LLC, Sealer Sales, Inc., Collinsons Vacuum Packaging Pty Ltd, Wells Can Company, Kite Packaging Ltd, STEWART'S PACKAGING. and Others.
The whole market is segmented as follows:
Vacuum Packaging Market By Material, 2020-2029, (USD Million) (Thousand Units)
Polyethylene
Polypropylene
Polyamide
Ethylene-Vinyl Alcohol
Vacuum Packaging Market By Process, 2020-2029, (USD Million) (Thousand Units)
Skin Vacuum Packaging
Shrink Vacuum Packaging
Vacuum Packaging Market By Packaging, 2020-2029, (USD Million) (Thousand Units)
Rigid Packaging
Flexible Packaging
Semi-Rigid Packaging
Vacuum Packaging Market By Application, 2020-2029, (USD Million) (Thousand Units)
Food
Pharmaceutical
Industrial Goods
Industry Developments:
Amcor bought Bemis Company Inc. in June 2019, and the company is now known as Amcor PLC (Amcor). Amcor's market-leading value proposition is strengthened by this acquisition, which also adds scale, functionality, and space and significantly increases shareholder value.
Berry Global Group, Inc. made the announcement that it has purchased RPC Group PLC (RPC) in July 2019 for about $6.5 billion. A leading global provider of value-added protection solutions, Berry and RPC have jointly built one of the largest plastic packaging firms in the world.
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Vacuum Packaging Market' s top organizations are operating in a dynamic set-up, wherein they are required to incorporate unprecedented advances to reap benefits from the latest and upcoming information technologies and industry trends.
Regional Analysis:
This report is segmented into several key Regions, with production, consumption, revenue and market share and growth rate of Vacuum Packaging Market. These regions, from 2022 To 2029, covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) and ROW.
Our Market Intelligence reports give our clients the information they need to maintain a competitive edge in the marketplace. Competitor Analysis and Profiling studies delve further into a company's competitive strengths and shortcomings. Market assessments conducted by SIS reveal market opportunities, size, and viability.
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