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Vacuum Packaging Market Size Projected To Reach $45.45 Billion By 2034 With A Cagr Of 7.1%
The Vacuum Packaging Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Vacuum Packaging Market?
In recent times, there has been a substantial growth in the size of the vacuum packaging market. It is projected to increase from a worth of $32.72 billion in 2024 to approximately $34.53 billion in 2025, with a compound annual growth rate (CAGR) of 5.5%. Factors such as the development of preservation methods, adoption in the food industry, a rising demand for longer shelf life, industrial uses, as well as convenience and portability have all contributed to the growth perceived in the earlier period.
In the coming years, the vacuum packaging market is projected to experience significant expansion, reaching a value of $45.45 billion in 2029, and growing at a Compound Annual Growth Rate (CAGR) of 7.1%. Its growth in the forecast period is attributed to elements such as consumer knowledge and preferences, economic dynamics, considerations of health and hygiene, globalisation and market proliferation. Notable trends expected during the forecast period consist of enhanced packaging features, applications across various industries, assurances of safety and hygiene, small-scale and on-demand packaging, and the utilization of biodegradable materials for packaging.
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What Are the Different Vacuum Packaging Market Segments?
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
Subsegments:
1) By External Vacuum Sealers: Chamber Vacuum Sealers, External Vacuum Sealers
2) By Thermoformers: Roll-Fed Thermoformers, Sheet-Fed Thermoformers
3) By Tray-Sealing Machine: Manual Tray Sealers, Automatic Tray Sealers
4) By Other Machines: Vacuum Skin Packaging Machines, Vacuum Packing Machines
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What Are the Primary Drivers Shaping the Vacuum Packaging Market?
The escalating demand for vacuum packaging is driven by the increasing need for packaged food products. These items have undergone a process to ensure they are safe and ready-to-eat for consumers. The greater the requirement for packaged foods, the higher the necessity for vacuum packing seals, as they are used in the food and drink sectors to maintain taste and freshness by eliminating air from the packaging. In September 2022, Candy & Snacks Today, a media outlet from the National Confectioners Association (NCA) based in the US, reported an 11.4 percent rise in total snack sales for the first three quarters of 2022, amounting to a sales value of $44.9 billion. As a result, the escalating need for packaged foods will continue to push the demand for vacuum packaging.
Which Companies Are Leading in the Vacuum Packaging Market?
Major companies operating in the vacuum packaging market 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, Reynolds Group Holdings, Graphic Packaging International
What Are the Major Trends Shaping the Vacuum Packaging Market?
The advancement in technology is emerging as a notable trend in the vacuum packaging market. Top-ranking companies in this sector are focusing on developing light, vacuum-absorbent packaging technologies for the production of lighter yet more efficient bottles. These innovations give the companies an edge over their rivals in the market. For example, in May 2022, Amcor Plc, a packaging solution provider from Switzerland, unveiled their PowerPost Technology. It centers around crafting eco-friendly packaging solutions for beverages that undergo a hot-filling process. The design, despite being light, does not compromise on the product's quality or lifespan on the shelf. The technology entails the usage of light materials and bolsters recyclability, helping minimize the environmental footprint of packaging. This development underscores Amcor's commitment to sustainability and mirrors the increasing consumer demand for sustainable packaging solutions in the beverage sector.
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What Are the Top Revenue-Generating Geographies in the Vacuum Packaging Market?
Asia-Pacific was the largest region in the vacuum packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vacuum packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Vacuum Packaging Market?
2. What is the CAGR expected in the Vacuum Packaging Market?
3. What Are the Key Innovations Transforming the Vacuum Packaging Industry?
4. Which Region Is Leading the Vacuum Packaging Market?
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