Vacuum Packaging Market Dynamics 2023, Size, Growth Factors, Industry Share, Business Opportunity 2028

IMARC Group, a leading market research company, has recently releases report titled "Vacuum Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The study provides a detailed analysis of the industry, including the global vacuum packaging market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the vacuum packaging market?

The global vacuum packaging market size reached US$ 27.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 34.77 Billion by 2028, exhibiting a growth rate (CAGR) of 4.14% during 2023-2028.

Vacuum packaging is a type of packaging in which the air is taken out of the container before it is sealed. It entails drawing air from the chamber, putting preservation gas inside, sealing and aerating the finished goods. The products are packed using pouches, sachets, paper bags, bubble wrap and stock bags in vacuum packaging. It helps to reduce the volume of the contents and package while removing oxygen from the container to extend the shelf life of the goods. Vacuum packaging offers many personalization choices, which enhance the aesthetic appeal of the products, is lightweight, simple to open, carry, store, and reseal.

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What are the growth prospects and trends in the
Vacuum Packaging industry?

The extensive use of this technique for the packaging of drinks in the food and beverage (F&B) industry is primarily expanding the vacuum packaging market. Due to busy lives and rising spending power, consumers' increased preference for ready-to-eat (RTE) food products is also having a beneficial impact on the global market. In addition to this, a significant growth-inducing aspect is the rising demand for fish, meat, frozen veggies, cheese, baked goods, etc. Additionally, the growing use of vacuum packaging for drug packaging and lowering the risk of contamination in the pharmaceutical industry is supporting the market expansion. In addition, increasing productivity, efficiency, and production is gaining significant traction in the e-commerce industry, which is further igniting the global market. In the upcoming years, it is anticipated that the consumer electronics industry will be driven by the introduction of cutting-edge technologies to protect electronics against mildew, corrosion, and moisture.

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Who are the key players operating in the industry?
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Amcor plc
• Coveris Holdings S.A.
• Dow Inc.
• Kite Packaging Ltd
• Klöckner Pentaplast
• Nemco Machinery A/S
• Plastopil Hazorea Company Ltd.
• Sealed Air Corporation
• Sealer Sales Inc.
• U.S. Packaging & Wrapping LLC
• ULMA Packaging
• Wells Can Company Ltd and Winpak Ltd.

What is included in market segmentation?

Breakup by Process:

• Skin Vacuum Packaging
• Shrink Vacuum Packaging
• Others

Breakup by Material:

• Polyethylene
• Polyamide
• Ethylene Vinyl Alcohol
• Others

Breakup by Machinery:

• Thermoformers
• External Vacuum Sealers
• Tray-sealing Machines
• Others

Breakup by Pack Type:

• Flexible Packaging
• Semi-rigid Packaging
• Rigid Packaging

Breakup by Application:

• Food
• Pharmaceuticals
• Industrial Goods
• Others

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.