Vacuum Packaging Market Size, Gross Margin Analysis, Opportunities And Trends, Forecast To 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Vacuum Packaging Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The vacuum packaging market size has grown strongly in recent years. It will grow from $31.2 billion in 2023 to $32.93 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to emergence of preservation techniques, food industry adoption, demand for extended shelf life, industrial applications, convenience and portability..

The vacuum packaging market size is expected to see strong growth in the next few years. It will grow to $41.81 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to consumer awareness and preferences , economic factors, health and hygiene considerations, globalization and market expansion.. Major trends in the forecast period include value-added packaging features, cross-industry applications, safety assurance and hygiene, small batch and on-demand packaging, biodegradable packaging materials..

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Key Market Players:
Major companies operating in the vacuum packaging market report are Berry Plastics Corporation, CVP Systems Inc., Linpac Packaging Limited, Coveris Holding S.A., Amcor Group, ULMA Packaging S.A.R.L, Orics Industries Inc., Multisorb Technologies Inc., Sealed Air Corporation, Klöckner Pentaplast Group, Sealer Sales Inc., Kite Packaging Ltd., US Packaging & Wrapping LLC, Collinsons Vacuum Packaging Pty. Ltd., Stewart's Packaging Inc., Swiss Pac Pvt Ltd., Safe Packaging Systems, Vacuum Packaging Technologies, Vacuum Packaging Systems Inc., Vacuum Sealer Manufacturers Inc., Vacuum Sealers Direct, Vacuum Seal Store, Vacuum Depot, MULTIVAC Sepp Haggenmüller SE & Co. KG, Tetra Pak Group, Crown Holdings Inc., Ball Corporation, Alcan Packaging, Reynolds Group Holdings, Graphic Packaging International

Market Drivers:
The growing need for packaged food products is expected to propel the demand for vacuum packaging. The packaged food products are processed and preserved items for consumption by consumers. The growing need for packaged food products increases the demand for vacuum packaging seals in the food and beverage industries because they keep the flavor and freshness intact while also removing air from the packaging. For instance, in May 2021, according to a report published by the organic trade association, the sales of frozen and canned fruits and vegetables increased by more than 28%, including frozen, canned, and dried products. Therefore, the growing need for packaged food products will drive the demand for vacuum packaging.

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The vacuum packaging market covered in this report is segmented -
1) By Machinery Types: External Vacuum Sealers, Thermoformers, Tray-sealing Machine, Other Machines
2) By Pack type: Rigid Packaging, Semi-rigid Packaging, Flexible Packaging
3) By Process: Skin Vacuum Packaging, Shrink Vacuum Packaging, Other Processes
4) By Materials: Polyethylene, Polypropylene, Polyamide, Ethylene Vinyl Alcohol, Other Materials
5) By End-user: Food, Pharmaceuticals, Industrial Goods, Other End-users

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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