Vacuum Packaging Market Foreseen To Grow To The Precision At CAGR of 4% by 2022

Market Highlights

Vacuum packaging is an efficient way of decreasing food spoilage. Vacuum packaging has become a promising solution which guarantees product safety as well as longer life. Urbanization, technological advancements, new and innovative developments which includes production of vacuum packages that holds recyclable packaging and light-weight packaging are enhancing the value for vacuum packaging market.

Moreover, vacuum packaging also helps to store non-food items like bedding, clothes, soft toys etc. as it reduces the volume of the package. The upcoming technology such as “Intelligent Packaging” with the use of RFID technology provides opportunity to the vacuum packaging market. Intelligent packaging helps the users to assess the quality of the materials inside the packaging due to its ability to sense and detect the external as well as internal changes in the product. The global market is expected to cross USD 28 Billion by the end of 2022, growing at a CAGR of around 4% in the forecast period.

Major Key Players
• Bernis Company, Inc.,
• Amcor Ltd.,
• Berry Plastic Corp.,
• Linpack Packaging Ltd.,
• Sealed Air Corp.,
• Coveris Holdings,
• CVP Systems,
• Multisorb Technology,
• ULMA Packaging.

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Food safety and hygiene are consumer’s top priority and vacuum packing technique helps fulfill the requirement. Protection from microbes, maintain ambient temperature of packaged products and aesthetic appeal, light weight and easy recycling nature are pushing the market of vacuum packaging. Moreover, increasing disposable income and preference towards safe and hygienic food are expected to fuel the demand for vacuum packaging across various industries. The food sector by application is expected to lead the market due to increasing demand of healthy food products as well as increased hygiene requirements. Additionally, economic feasibility and viability of packaged food is expected to increase the demand in the vacuum packaging market

The report has analyzed the market based on the three segments: material, packaging and application in the regions of North America, Europe, APAC and rest of the world. On the basis of material it includes PE, PVDC, PP, PVC and other. PET accounts for a strong demand from the food and beverages industry in terms of packaging. Plastic vacuum packaging holds the largest share due to factors such as convenience and easy to carry nature. On the basis of packaging it includes rigid packaging, flexible packaging, and semi-rigid packaging. The global vacuum packaging market is expected to cross USD 28 Billion at the end of the forecasted period and is expected to grow at CAGR of approximately 4 % from 2016 to 2022.

Taste the market data and market information presented through more than 50 market data tables and figures spread in 118 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Vacuum packaging Market Information from 2014 to 2022"

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Market Research Analysis:
Asia pacific region holds largest share in the global market. Awareness among consumers about importance of packaging as well as changing preference towards packaging products for convenience are driving the market of vacuum packaging. Moreover, Availability of packaging materials and new innovation and technology for ecofriendly and light weight packaging are expected to support the growth in demand for packaging in vacuum industry. Additionally, changing lifestyle and economic growth, coupled with rising population in Asia Pacific countries such as China and India has spiked the growth rate of vacuum packaging in the region.

Scope of the report
This study provides an overview of the global vacuum packaging industry, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Vacuum Packaging market as material, Package type and application. On the basis of material it is segmented as PE, PVDC, PP, and PVC and other. On the basis of package type it includes rigid packaging, flexible packaging, and semi-rigid packaging. On the basis of application it is segmented as pharmaceutical, food, industrial, consumer goods and others.

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Brief TOC
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure:
1.3.1 Global Vaccum Packaging Market: By Material
1.3.2 Global Vaccum Packaging Market: By Packaging
1.3.3 Global Vaccum Packaging Market: By Application
1.3.5 Global Vaccum Packaging Market: By Region
Continue….

Browse Related Report
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