Vacuum Packaging Market : USD 28.67 billion Market Value with a CAGR of 4.89% In Coming 5 years

Vacuum packaging is a type of packaging technology which removes air from the packaging before sealing the pack and extends the shelf life of food related products without adversely impacting their quality. Awareness regarding good quality and hygienic packaging foods are referred as some of the major factor contributing to the growth of the market. The rising population along with high disposable income is pushing the market. Moreover, ease of handling, portability and flexibility has increased popularity for vacuum packaging. The longer shelf life of products has also augmented the demand for vacuum packaging. However, high cost acts as a major barrier for the growth of the market. The global vacuum packaging market size is expected to cross USD 28.67 billion with a CAGR of 4.89% by the end of the forecast period

Key Players

The key players of global vacuum packaging market report includes -

E. I. duPont de Nemours and Company (U.S.)
Bernis Company Inc.(U.S.)
Amcor Ltd. (Australia)
Berry Plastic Corp. (U.S.)
Linpack Packaging Ltd. (U.K.)
Sealed Air Corp. (U.S.)
Coveris Holdings (Luxembourg)
Winpak, and Green Packaging Material (Jiangyin) Co. Ltd. (China)

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Industry/ Innovation/ Related News:

In competitive landscape, the report studies the growth strategies adopted by the companies between 2015 and 2017. Key players adopted various strategies to retain and/or expand their market share. Key strategies followed by most companies within the global vacuum packaging market were mergers & acquisitions.

The major players operating in this market, who have adopted these strategies are Amcor Ltd., Berry Global Inc., Coveris Holdings S.A., and others.

Extensive research in this market has brought to light that entering into strategic mergers and acquisitions are the key strategies adopted by the major players in the global vacuum packaging market. This strategy has been adopted to expand the already existing operations, product line and technological advancement. Such mergers & acquisitions help the so formed company in taking advantage of the already existing geographical presence, market share and distribution channels. Furthermore the packaging companies have adopted expansionary measures such as investing in better machineries, increasing Asia-Pacificity of the facilities and cross border sales. Companies such as Amcor Ltd. (Australia), Berry Global Inc. (U.S.), Sealed Air Corporation (U.S.), Coveris Holdings S.A. (Luxembourg), Linpac Packaging Ltd. (U.K.), and Green Packaging Material (Jiangyin) Co., Ltd. (China) extensively follow strategy of expansion to cater to the increasing clientele.

Vacuum Packaging Market – Segmentation

The Global Vacuum Packaging Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Product Material: Comprises PE, PA, and others.

Segmentation by Packaging: Comprises Rigid Packaging, Flexible Packaging, and Semi-Rigid Packaging

Segmentation by Application: Comprises Pharmaceutical, Food, Industrial, Consumer Goods, and Others

Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Vacuum Packaging Market: Regional Analysis

Asia pacific is referred as the largest & fastest growing market for vacuum packaging, followed by Europe & North America. Increasing population, rising packaged & convenience food demand, healthcare expenditure is driving the market in Asia-Pacific region. Moreover, rapid industrialization in China and India expected to propel the regional market in the forecast period. Furthermore, growing healthcare sector is expected to propel the pharmaceutical packaging demand in the region.

Whereas, Europe is referred as second largest market in terms of revenue. Factors such as emergence of eco-friendly packaging technologies, which are inexpensive and manufactured from recycled material are driving the market in Europe.

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Target Audience

Manufactures
Raw Materials Suppliers
Aftermarket suppliers
Research Institute / Education Institute
Potential Investors
Key executive (CEO and COO) and strategy growth manager

The report for Global Vacuum Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Table Of Content :

1. Executive Summary

2 Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Assumptions
2.4 Market Structure

3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model

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List Of Tables :

Table 1 Market Synopsis
Table 2 Global Processed Food & Beverages Volume Sales, Growth Rate and Market Share, by Region, 2000 and 2013
Table 3 Percentage of Population at Mid-year Residing in Urban Areas by Major Area, Region and Country, 2000-2015
Table 4 Global Vacuum Packaging Market, by Material, 2015–2023 (Usd Billion)
Table 5 Global Vacuum Packaging Market, by Packaging, 2015–2023 (Usd Billion)
Table 6 Global Vacuum Packaging Market, by Application, 2015–2023 (Usd Billion)

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List Of Figures :

Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Drivers, Restraints and Trends of Global Vacuum Packaging Market
Figure 4 Growth Drivers: Impact Analysis
Figure 5 Growth Barriers: Impact Analysis
Figure 6 Value Chain Analysis of Global Vacuum Packaging Market

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