Vacuum Packaging Market

Vacuum Packaging Market

Growth Factors of Vacuum Packaging Market

The vacuum packaging market size was valued at USD 29.58 billion in 2023, and the market is now projected to grow from USD 31.16 billion in 2024 to USD 50.04 billion by 2032, exhibiting a CAGR of 6.10% during the forecast period of 2023-2032.

The vacuum packaging market growth seemed to slow down due to the outbreak of COVID-19, this has helped in enhancing the use of vacuum films, trays and pouches mainly due to a surge in the delivery system of foods. It was important such packaging solutions in the process of transportation of goods preserving foodstuffs and keeping them fresh. Thus, as a result of COVID-19 and the shift of consumer expectations for product protection and stimulation to virus transmission, market growth intensified. This shift led to attention being paid to the need to have better packaging of foods, especially during such conditions.

A growing demand for convenience has been witnessed in the working population, in terms of packaged food products and the vacuum films and pouches are already showing signs of a similar growth, thus, the growth is positive. The growing concern for food quality and eating more hygienically also helps this trend. Besides, increase in the global meat consumption is fueling the vacuum packaging market share since it enhances product shelf life by minimizing bacterial growth or enzymatic actions.

Such market growth is further supported by better food packaging technologies, such as vacuum and modified atmosphere packaging, which enhance efficiency in packaging effectiveness. Automation and intelligent packaging solutions, such as active films with antibacterial properties and multisensory analysis, are emerging as key trends. These innovations are revolutionizing food packaging, improving safety and quality, and contributing significantly to market expansion.

Comprehensive Analysis of Vacuum Packaging Market

The vacuum packaging market and overall packaging industry are experiencing rapid growth due to diverse market segmentation. This expansion includes detailed regional assessments that analyze key supply and demand factors affecting the packaging benefit management sector. The market is segmented by material, by product type, and by application, providing a comprehensive understanding of its dynamics and driving factors. These structured segments offer insights into how different elements influence market trends and growth. The material include, Plastic {Polyethylene, Polypropylene, Polyamide, Ethylene-vinyl alcohol, Other}, Paperboard, and Others. The product type, includes Films, Bags & Pouches, Trays and Others. However, the applications includes Food {Meat, Poultry & Seafood, Ready-to-eat Meals, Dairy Products, Bakery Products, Produce and Others}, Healthcare, and Others.

North America is the most prominent region for the vacuum packaging market, as it has had a technological edge in packaging. Thus, this region has plenty of opportunities for growth thanks to the rising need for vacuum skin packaging films and, in particular, bags due to the growing demand for dairy products. Specifically, in the U.S. in 2022, the per capita consumption of dairy products was 653 pounds, and the consumption of cheese arrived at a record high of 42 pounds.

The top players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include, Amcor (Switzerland), Sealed Air (U.S.), Coveris (Austria), Klöckner Pentaplast (Luxembourg), Winpak Ltd. (Canada), ProAmpac (U.S.), Graphic Packaging International (U.S.), Dow (U.S.), Plastopil (Israel), Green Packaging Material (Jiangyin) Co., Ltd. (China), Swisspac Packaging (India), Sealer Sales, Inc. (U.S.), Polybags Packaging Group Ltd. (U.K.), Flexipol (U.K.) and Allfo GmbH & Co. KG (Germany). These market players provide a level-playing competitive landscape.

In December 2023, Coveris Holdings SA unveiled a new fully recyclable mono-material thermoform packaging film in high-performance mono-material form at the exhibition. This new film was designed for carbon footprint reduction targets and could be used as a vacuum packaging solution for the food industry.

Segmentation Table

Global Vacuum Packaging Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Growth Rate CAGR of 6.10% from 2024 to 2032

Historical Period 2019-2022

Unit Value (USD Billion)

Segmentation By Material, Product Type, Application, and Region

By Material - Plastic

• Polyethylene
• Polypropylene
• Polyamide
• Ethylene-vinyl alcohol
• Other

- Paperboard

- Others

By Product Type - Films

- Bags & Pouches

- Trays

- Others

By Application - Food

• Meat, Poultry & Seafood
• Ready-to-eat Meals
• Dairy Products
• Bakery Products
• Produce
• Others

- Healthcare

- Others

By Region - North America (By Material, Product Type, Application, and Country)

• U.S. (By Product Type)
• Canada (By Product Type)

- Europe (By Material, Product Type, Application, and Country)

• Germany (By Product Type)
• U.K. (By Product Type)
• France (By Product Type)
• Italy (By Product Type)
• Spain (By Product Type)
• Russia (By Product Type)
• Poland (By Product Type)
• Romania (By Product Type)
• Rest of Europe (By Product Type)

- Asia Pacific (By Material, Product Type, Application, and Country)

• China (By Product Type)
• India (By Product Type)
• Japan (By Product Type)
• Australia (By Product Type)
• Southeast Asia (By Product Type)
• Rest of Asia Pacific (By Product Type)

- Latin America (By Material, Product Type, Application, and Country)

• Brazil (By Product Type)
• Mexico (By Product Type)
• Argentina (By Product Type)
• Rest of South America (By Product Type)

- Middle East and Africa (By Material, Product Type, Application, and Country)

• Saudi Arabia (By Product Type)
• UAE (By Product Type)
• Oman (By Product Type)
• South Africa (By Product Type)
• Rest of the Middle East & Africa (By Product Type)


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