Vacuum Packaging Market Size
With a market of roughly $8 billion in 2023, vacuum packing is really substantial. People are quite into it since it makes eating safer and keeps food fresher for more. Each of us is growing more conscious of the need of food safety and cleanliness. Food is kept safe from elements such air, moisture, and bacteria that can cause it to go bad by vacuum packing. It also extends the lifetime of food, thereby relieving you of quick spoiling concerns. The food business is booming, which explains all of this. By 2028 it is predicted to be worth more than $13 trillion. That's a big leap, and it's driving the market for vacuum food packaging expansion.
To get key market trends
People desire quick and ready-made food as they are spending more money and leading hectic lives. Matching consumer needs, vacuum packing extends food freshness and taste for longer. Their busy schedules suit nicely with this easy opening and heating method. Moreover impacting vacuum packing technique is environmental consciousness. Customers are concerned about sustainability, hence the business is turning toward recyclable and environmentally friendly materials. Businesses are striving to create environmentally friendly vacuum packing that nevertheless shields food equally effectively.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Vacuum Packaging Market Size in 2023 | USD 8 billion |
| Forecast Period | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR | 4.8% |
| 2032 Value Projection | USD 12.3 billion |
| Historical Data for | 2018 - 2023 |
| No. of Pages | 300 |
| Tables, Charts & Figures | 250 |
| Segments covered | Material type, Process, Packaging type, Application |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
As raw material prices climb, the vacuum packaging sector finds significant income growth limitations. Made from a range of raw materials, including polymers, films, and adhesives—all of which have suffered notable price increases—vacuum packing materials are Variations in the cost of these essential parts have driven up manufacturing expenses for companies that vacuum pack. Consequently, many companies have to make the tough choice of either passing on the higher manufacturing costs to consumers or absorbing them, so influencing the demand in the market.
Vacuum Packaging Market Trends
Eco-friendly vacuum packing techniques have emerged from increasing awareness of environmental sustainability. To answer worries about plastic waste, manufacturers are aggressively investigating and using recyclable and biodegradable materials. This trend toward sustainable packaging fits consumer expectations for ecologically conscious decisions, so promoting general good market dynamics.
The vacuum packaging sector has also been impacted by developments in package technology including the inclusion of sophisticated sensors and indicators. These developments guarantee the quality and safety of packaged goods by means of improved monitoring of product conditions along the supply chain. Moreover, the use of vacuum skin packaging methods and modified atmosphere packaging expands the applications of vacuum packing, thereby offering solutions fit for particular product requirements.
Vacuum Packaging Market Analysis
Learn more about the key segments shaping this market
Regarding vacuum packing, many materials rule absolutely. You have polypropylene, polyethylene, polyamide, ethylene vinyl alcohol, and a few more mixed in there. Still, the pack's champion in 2023? Polyethylene boasts a shockingly $3.5 billion market share. Polyethylene excels in vacuum packaging in all respects. Perfect for preserving your food and other goods while lowering shipping expenses, it's incredibly light and sturdy. It also covers your temperature variations and moisture resistance, therefore keeping your goods secure and fresh from delicate fruits to sensitive electronics. But here's where polyethylene truly shinesit's in line with what everyone else these days values—sustainability. Using materials that are beneficial for the earth is what manufacturers are focused on, hence polyethylene meets the requirements with its recyclable and environmental credentials. Polyethylene is also rather popular in the vacuum packing scene since people search for packaging that helps lower food waste and safeguard the environment.
Learn more about the key segments shaping this market
Based on process, the market is categorized into skin vacuum packaging, shrink vacuum packaging, and others. Skin vacuum packaging accounted for 65.1% market share in 2023. The rising customer preference for fresh, longer-lasting products, along with the requirement for environmentally friendly packaging options, has increased demand for vacuum packaging technology. This development indicates a confluence of preservation efficiency and environmental conscience, positioning vacuum packaging, particularly skin vacuum packaging, as a key participant in the growing landscape of modern packaging options.
Based on packaging type, the market is categorized into flexible packaging, semi-rigid packaging, and rigid packaging. Flexible packaging accounted for major market share in 2023. Flexible packaging, known for its versatility and adaptability, has become the favored choice for vacuum packing in a variety of sectors. This packaging style consists of pouches, films, and bags that fit perfectly to the product, effectively eliminating excess air to produce a vacuum-sealed environment. The flexibility of these materials not only assures a tight seal, but also increases total package efficiency.
When it comes to vacuum packaging, there are different ways to use it. Some of the main ones are for food, medicine, industrial products, and other things. Out of these, food is the biggest market and it's only getting bigger. People are more and more into the idea of convenience and keeping their food fresh for longer. Vacuum packaging is perfect for this because it takes out the air, which stops bacteria from growing and spoiling the food. It also helps keep the food's flavor and nutrients, and prevents it from getting oxidized. All in all, vacuum packaging is a great way to package food and it's no wonder that it's becoming more and more popular.
Looking for region specific data?
In 2023 North America will rule the world market. In 2023 it brought in USD 3 billion in income. A mix of factors including growing consumer awareness of food safety, increased preference for simple and sustainable packaging solutions, and an expanding food and beverage industry has driven a notable growth in the vacuum packaging market in North America. Demand for vacuum-packaged goods has also grown in line with the region's robust economy and high quality of living.
Vacuum Packaging Market Share
There are a few big companies that rule the competitive field of vacuum packingAmcor Limited, Berry Global Inc., Bosch Packaging Technology, Mondi Group, and Sealed Air Corporation. Although these businesses greatly affect the way the sector runs, smaller firms still have opportunity to carve out their own niche. When it comes to rivalry, these large corporations combine tactics. They aim to establish rates appealing to a broad spectrum of consumers. They also concentrate on creating robust distribution systems to make their goods easily available. Finally, they are constantly developing fresh, superior vacuum packing ideas. In this sector, pricing is rather important. Businesses strive to make a profit while also providing goods at prices consumers are ready to pay. Distribution is also crucial, particularly for multinational corporations who must send their goods to consumers all around. Ultimately, innovation is essential since consumers constantly seek for the newest and best vacuum packing ideas.
Big corporations have started important projects to remain competitive. For instance, Amcor Limited is funding research and development of innovative vacuum packaging technologies including active packaging capable of extending shelf life even further. Amcor unveiled PowerPost technology in May 2022 in order to produce environmentally friendly bottles For hot-filled beverages, PowerPost is the most advanced light weighting solution.
Together in January 2020, Moda, a supplier of vacuum shrink packaging technology, and Amcor, a packaging supplier, developed original packaging ideas. Under the partnership, Moda's packaging technique will be used to produce Amcor's shrink bag and roll stock film for meat and cheese.
Vacuum Packaging Market Companies
Major players operating in the vacuum packaging industry include
- Amcor Limited
- Berry Global Inc.
- Bosch Packaging Technology
- Coveris Holdings S.A.
- CVP Systems, Inc.
- Henkelman
- LINPAC Packaging
- Mondi Group
- MULTIVAC
- Orics Industries, Inc.
- PAC Machinery
- Promarks Inc.
- Sealed Air Corporation
- ULMA Packaging
- Winpak Ltd.
Vacuum Packaging Industry News
- In February 2023, Sainsbury's introduced vacuum-packaging for beef mince. which will be accessible both in-store and online.
- In April 2023, HiCOZY, AstroAI's sister brand dedicated to home appliance research and development, announced the launch of its latest product, the HiCOZY Vacuum Sealer (SJ-2030). The HiCOZY Vacuum Sealer has industry-first magnetic auto-sealing technology, providing consumers with a totally automated vacuum sealing experience.
The vacuum packaging market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Kilo Tons) from 2018 to 2032, for the following segments
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Market, By Material Type
- Polyethylene
- Polyamide
- Ethylene Vinyl Alcohol
- Polypropylene
- Others
Market, By Process
- Skin Vacuum Packaging
- Shrink Vacuum Packaging
- Others
Market, By Packaging Type
- Flexible Packaging
- Semi-Rigid Packaging
- Rigid Packaging
Market, By Application
- Food
- Pharmaceuticals
- Industrial Goods
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- MEA
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
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