Vacuum Packaging Material Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2023

Market Research Reports Search Engine (MRRSE) announces the addition of a new report titled “Vacuum Packaging Material Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2023”. Vacuum packaging is the process of removing air around the product and sealing that product in an impermeable package.

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It extends the shelf life of any perishable fresh food product by 4 to 5 times. The growth of bacteria and other microorganisms is inhibited by removing the air in the packaging that surrounds the product. After sealing the pouch, the oxygen level inside the packaging starts depleting. This lower oxygen level results in slower growth of bacteria and other spoilage microorganisms, which leads to enhanced shelf life of the food products. Generally, paper or synthetic films are used as packaging materials. The packaging procedure involves an inner packaging process, where the packaging material is in direct contact with the product. These materials are selected to serve specific purposes, such as protection from microbes, maintain ambient temperature of packaged products (largely food) and also for aesthetic appeal in certain cases. Flexibility, light weight, mechanical strength, easy recycling, being odorless and hygienic, resistance to oil and fats, sealing capability, resistance to hot and cold temperatures, good barrier properties against gases, and low-cost are some of the must-have properties of packaging materials. Cellulose, which is not a synthetic but a natural material derived from wood, was widely used in the form of transparent films, earlier. Synthetic materials used for vacuum packaging are Polyethylene (PE), Polyvinylidenchloride (PVDC), Polypropylene (PP), Polyvinylchloride (PVC), Polyester (PET), and Polyamide (PA). Vacuum packaging finds wide applications in food, pharmaceuticals, and industrial and consumer goods. Besides, the rise in technological innovation in the packaging industry is further boosting growth of the vacuum packaging material market currently. The vacuum packaging material industry is expected to expand in parallel with the packaging industry. The packaging industry in developed countries is well established. Meanwhile, the market in emerging countries such as India and China is growing at a rapid rate. This growth is attributed to the fact that there is growing demand for hygienic, ecofriendly, and economical packaging forms in these countries.

Growing healthcare awareness among consumers globally is a major growth driver for the vacuum packaging market currently. Besides, rising demand for sustainability and hygienic, ecofriendly, and economical packaging forms is also among the major factors boosting growth of the global packaging industry currently, in turn fueling growth of the global vacuum packaging material market. Also, the global economic condition has a great influence on this industry. The increasing consumer preference for convenience and growing demand for facilitating brand enhancement and differentiation in the highly competitive environment are among the other drivers for the vacuum packaging material industry currently. Rise in environmental concerns have forced the governments in Europe to take strict regulatory steps for dealing with packaging material waste and recycling. Imposition of challenging targets for recycling packaging waste is a major restraint for growth of the packaging materials market currently.

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The vacuum packaging materials market is segmented based on material type and application. Based on type, the vacuum packaging materials market is broadly classified into Polyethylene (PE), Polyvinylidenchloride (PVDC), Polypropylene (PP), Polyvinylchloride (PVC), Polyester (PET), and Polyamide (PA). PET garners a strong demand from the food and beverages industry in terms of packaging. Based on application, the vacuum packaging material market is segmented into food and beverages, pharmaceuticals, industrial use, and consumer use.

Based on geography, the vacuum packaging materials market is segmented into seven regions, namely North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and Latin America. Meanwhile, the market in Asia Pacific is growing at the fastest pace, followed by North America and Europe.

Key players in the global vacuum packaging materials market are Bernis Company, Inc., Amcor Ltd., Berry Plastic Corp., Linpack Packaging Ltd., Sealed Air Corp., Coveris Holdings, CVP Systems, Multisorb Technology, ULMA Packaging.   

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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