[Latest] Vacuum Packaging Market Size Will Attain USD 11.24 Billion by 2030 Growing at 5.30% CAGR - Exclusive Report by Facts & Factors
Zion Market Research
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Zion Market Research
The global vacuum packaging market size is projected to reach USD 11.24 billion by 2030 from its value USD 7.46 billion in 2022, at CAGR of 5.30% during forecast period. Customization and branding are likely to offer growth opportunities in the global market.
NEW YORK, United States, Sept. 30, 2023 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Vacuum Packaging Market Size, Share, Growth Analysis Report By Material (Polyethylene, Polypropylene, Polyamide, Ethylene Vinyl Alcohol, Polyethylene Terephthalate, And Other Plastics), By Product Type (Films And Pouches & Bags), By End Users (Industrial Goods, Pharmaceuticals, Food, And Others), By Machinery (Tray Sealing Machines, External Vacuum Sealers, Thermoformers, And Others), By Process (Rigid Packaging, Semi-Rigid Packaging, And Flexible Packaging), By Packaging Type (Shrink Vacuum Packaging, Skin Vacuum Packaging, And Others), And By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030” in its research database.
“According to the latest research study, the global vacuum packaging market size was valued at about USD 7.46 billion in 2022. The market is expected to grow at a CAGR of 5.30% and is anticipated to reach a value of USD 11.24 billion by 2030.”
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Vacuum Packaging Market Overview:
Vacuum packaging refers to the packaging solution in which all of the air is removed from the container to create a vacuum, resulting in greater product protection and preservation. Nonetheless, the process requires sophisticated equipment, packaging materials, etc. By preventing the food products from coming into contact with oxygen, vacuum packaging helps preserve their texture, flavor, and freshness.
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Increasing demand for processed food is driving the growth of the global vacuum packaging market.
Based on the material, the polyethylene segment is growing at a high rate and is projected to dominate the global market.
On the basis of product type, the film segment is projected to swipe the largest market share.
Based on the end users, the food sector is the fastest-growing segment of the global market.
Based on the machinery, the thermoformer segment accounts for the largest share of the global market.
On the basis of process, the skin vacuum packaging segment is expected to register notable growth in the global market.
Based on the packaging type, the flexible packaging segment is anticipated to grow expeditely in the global market.
On the basis of region, North America is expected to dominate the global market during the forecast period.
Industry Growth Drivers
Increasing demand for processed food is likely to drive the growth of the global market
Globally rising demand for convenience foods and ready-to-eat dishes has a substantial impact on the demand for vacuum packaging. Processed foods must have an extended shelf life and be packaged appropriately. Consequently, vacuum packaging has emerged as the optimal solution to satisfy their rising demands.
Additionally, vacuum-sealed pouches offer consumers high convenience and portion control. Additionally, vacuum packaging makes it simple to store and preserve pre-packaged meals or leftovers. Such features of vacuum packaging are ideal for accommodating consumers' changing lifestyles, which is expected to boost the global vacuum packaging market during the forecast period.
Browse the full “Vacuum Packaging Market Size, Share, Growth Analysis Report By Material (Polyethylene, Polypropylene, Polyamide, Ethylene Vinyl Alcohol, Polyethylene Terephthalate, And Other Plastics), By Product Type (Films And Pouches & Bags), By End Users (Industrial Goods, Pharmaceuticals, Food, And Others), By Machinery (Tray Sealing Machines, External Vacuum Sealers, Thermoformers, And Others), By Process (Rigid Packaging, Semi-Rigid Packaging, And Flexible Packaging), By Packaging Type (Shrink Vacuum Packaging, Skin Vacuum Packaging, And Others), And By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030” Report at https://www.fnfresearch.com/vacuum-packaging-market
Vacuum Packaging Market: Segmentation
The global vacuum packaging market can be segmented into material, product type, end users, machinery, process, packaging type, and region.
By material, the market can be segmented into polyethylene, polypropylene, polyamide, ethylene vinyl alcohol, polyethylene terephthalate, and other plastics. The polyethylene segment is estimated to remain lucrative during the forecast period.
By product type, the market can be segmented into films and pouches & bags. The film segment is projected to swipe the largest market share in the global vacuum packaging market. By end users, the market can be segmented into industrial goods, pharmaceuticals, food, and others. The food sector is the fastest-growing segment of the vacuum packaging industry because the food industry is the primary end user of vacuum packaging.
By machinery, the market can be segmented into tray sealing machines, external vacuum sealers, thermoformers, and others. The thermoformer segment is likely to lead the vacuum packaging industry in the forthcoming years due to its adaptability, efficiency, and versatility to various product types.
By process, the market can be segmented into shrink vacuum packaging, skin vacuum packaging, and others. The skin vacuum packaging segment is expected to register notable growth in the global vacuum packaging market during the forecast period.
By packaging type, the market can be segmented into rigid packaging, semi-rigid packaging, and flexible packaging. The flexible packaging segment is anticipated to grow expeditely in the global vacuum packaging industry in the forthcoming years.
Regional Analysis:
North America to dominate the global market during the forecast period
North America is projected to grow with a high CAGR during the forecast period because of its dynamic nature and highly evolving sectors within the packaging industry. Utilization, production, and distribution of vacuum packaging apparatus, equipment, and other materials are prevalent in this region.
Asia-Pacific will likely experience significant development in the coming years due to the region's diverse population and rapidly expanding food and beverage industry. In addition, the rapid rate of urbanization and industrialization is raising the living standards of the populace along with their disposable income, which has resulted in a substantial rise in consumer awareness regarding food safety and shelf life.
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Competitive Players:
The report contains qualitative and quantitative research on the global Vacuum Packaging market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global Vacuum Packaging market include;
Amcor plc
Sealed Air Corporation
Cryovac Inc.
Multivac Group
Henkelman
Ulma Packaging
Webomatic
DZ Pack
Ilpra Systems
Accu-Seal Corporation
ARPAC LLC
Bizerba
Henan Huafood Machinery Technology Co. Ltd
Dadaux SAS
Webomatic
Minipack-Torre
Orved
PAC Machinery
The global vacuum packaging market is segmented as follows:
What is the market size and growth rate forecast for Vacuum Packaging industry?
What are the main driving factors propelling the Vacuum Packaging Market forward?
What are the leading companies in the Vacuum Packaging Industry?
What segments does the Vacuum Packaging Market cover?
How can I receive a free copy of the Vacuum Packaging Market sample report and company profiles?
Key Offerings:
Full in-depth analysis of the parent market
Important changes in market dynamics
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Former, on-going, and projected market analysis in terms of volume and value
Assessment of niche industry developments
Market share analysis
Key strategies of major players
Emerging segments and regional markets
Testimonials to companies in order to fortify their foothold in the market
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