Press release
Vacuum Packaging Market Size, SWOT Analysis, Growth Statistics, Prominent Players Strategies 2024 - 2031 | Berry Plastics Corporation, Sealed Air Corporation
Vacuum Packaging Market
Vacuum packaging is a process in which air is removed from a packaged product prior to sealing the package. This helps in extending shelf life by preventing the contamination and growth of microorganisms by eliminating oxygen and reducing moisture levels. Vacuum packaging is widely used for food packaging, pharmaceuticals packaging, and industrial/commercial packaging.
Market Dynamics:
The growth of the vacuum packaging market is driven by the rising demand for extended shelf life of products and increasing awareness towards food wastage reduction. Vacuum packaging prevents oxidation and chemical degradation, retain moisture and aroma and increase product lifespan by 3-5 times compared to normal packaging. Additionally, increased penetration of vacuum packaging in end use industries like processed food, dairy, fresh produce, meat and pharmaceuticals will further supplement market growth during the forecast period. Vacuum packaging improves product appearance and tamper evidence that enhances the brand image.
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Major Market Drivers for Increased Adoption of Vacuum Packaging:
Convenience of storage and transportation - Vacuum packaging is highly effective in extending the shelf life of various products by removing air and reducing oxidation, drying, and bacterial growth. This allows products to be stored for longer durations without deterioration in quality. Vacuum packaging also makes transportation of products simpler by reducing weight and volume of shipments. This leads to lower freight costs. These benefits are driving increased use of vacuum packaging across industries.
Major Market Opportunity for Vacuum Packaging:
Growing e-commerce sector opening new application areas - The rapid growth of online shopping is gradually changing packaging needs. Vacuum packaging is proving highly suitable for secure shipment of various goods via courier or postal delivery. It protects products from external damage due to crushing or impact. Vacuum packaging of clothes, furniture, electronic items etc. maintains their shape and appearance. This emerging opportunity is boosting innovation in vacuum packaging bags and pouches suitable for the evolving needs of e-commerce. New application-specific solutions will further stimulate market demand.
Major Vacuum Packaging Market Trend:
Rise of sustainable and recyclable vacuum packaging materials - With growing environmental awareness, manufacturers are developing vacuum packaging options that are sustainable and reduce plastic waste. Bioplastic films and plant-based materials are replacing conventional plastic films and replacing traditional aluminum foils. Recyclable paper-based filters and compostable bags are also gaining traction. Automated packaging lines feature machinery modifications for using these green films. This important trend underscores the market's shift towards eco-friendly vacuum packaging aligned with sustainability goals.
Top Companies Featured in This Report:
★ Berry Plastics Corporation
★ Sealed Air Corporation
★ Linpac Packaging Limited
★ Multisorb Technologies Inc.
★ Coveris Holding SA
★ CVP Systems Inc.
★ Ulma Packaging
★ SCOOP
★ Orics Industries Inc.
Market Segmentation:
By Product Type:
★ Polyethylene
★ Polyamide
★ Ethylene Vinyl Alcohol
★ Thermoformers
★ External Vacuum Sealers
★ Tray Sealing Machines
★ Flexible Packaging
★ Semi-rigid Packaging
★ Rigid Packaging
★ Food
★ Pharmaceuticals
★ Industrial Goods
★ Others
Key Regions/Countries are Classified as Follows:
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
South America (Brazil, Argentina, Rest of SA)
Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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Reasons to Obtain Our Comprehensive Market Report:
• Conduct an extensive analysis of various aspects of the Vacuum Packaging Market utilizing Porter's Five Forces framework.
• Gain insights into the growth rate and market shares of different product types and applications/end-users within the Vacuum Packaging Market.
• Explore the Vacuum Packaging Market dynamics across different regions through comprehensive regional analysis.
• Assess the impact of Covid-19 on the Vacuum Packaging Market with a meticulous research approach.
• Stay updated on the latest developments, market shares, and strategies of key market players within the Vacuum Packaging Market.
• Delve into a thorough evaluation of the market strategies, geographical presence, and business segments of the top players in the Vacuum Packaging Market.
• Anticipate key challenges, product advancements, and solutions that may influence the market's progression and threats.
Key Questions Answered:
• What was the size of the Vacuum Packaging Market in 2021, and what will it be worth by 2030?
• What is the current global scenario for the Vacuum Packaging Market?
• What are the optimal business strategies for maximizing growth potential?
• What are the recent trends in the Vacuum Packaging Market?
• What is the market share in terms of revenue, sales, and size in specific geographical regions?
• Who are the key industry players in the Vacuum Packaging Market?
• Which segments of the Vacuum Packaging Market are in high demand?
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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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