The global vacuum packaging market size was US$ 29.21 billion in 2021. The global vacuum packaging market size is forecast to reach US$ 47.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.7% during the forecast period from 2022 to 2030.
Vacuum packing (also known as vacuum sealing) is a type of packaging that includes removing air from a food container in order to extend its shelf life. Vacuum packing is widely used in pet food, human food, and agricultural goods, with meat, poultry, and seafood being the most common food end-users. The primary goal of packaging is to remove oxygen from the product by adhering the packaging material to it in order to increase resistance to moisture and air. Vacuum-packed items are also protected from moisture, dust, and other ambient gases and are becoming increasingly popular among food manufacturers.
Factors Influencing Market Growth
The rising awareness of good quality and hygienic food packaging is forecast to drive the global market.
A surge in need for the longer shelf life of products has also driven the demand for vacuum packaging.
New and innovative adoptions such as the manufacturing of vacuum packages with recyclable packaging and lightweight packaging are forecast to offer lucrative opportunities for the global market during the forecast period.
The greenhouse gas (GHG) emissions, generated primarily due to energy consumption during plastic processing, slow down the overall market growth.
Impact Analysis of COVID-19
Customers have grown in demand for extended shelf-life packaging due to a disturbance in the supply chain amid the COVID-19 pandemic. In March 2020, grocery markets increased due to lockdowns that allowed only the food industry to resume its sales. Along with offline retail, internet retail has seen tremendous growth during the pandemic, with excessive grocery sales supplementing overall revenue production in the vacuum packing business. Vacuum packing was in great demand, especially in the food industry, and it is usually consistent throughout the year.
Regional Insights
The Asia Pacific region is forecast to garner the highest CAGR in the vacuum packaging market during the forecast period. The growing population, rising urbanization, and a surge in food expenditures, particularly in China and India, drive the market in APAC. The consumption of packaged food is increasing tremendously due to the rise in population in APAC. In addition, the huge number of small and large retail platforms are fueling the market growth. Additionally, increasing demand for meat and seafood fuels the industry growth in the region.
Leading Competitors
The leading prominent companies profiled in the global vacuum packaging market are:
CVP Systems, Incorporated
Sealed Air Corporation
Bemis Company, Incorporated
ULMA Packaging
Linpac Packaging Limited
Coveris Holdings S.A.
Berry Plastics Corporation
Multisorb Technologies, Incorporated
Orics Industries, Incorporated
Amcor Limited
Scope of the Report
The global vacuum packaging market segmentation focuses on Material, Pack, End-Users, and Region.
Segmentation based on Material
PE
PVC
PP
Others
Segmentation based on Pack
Flexible
Rigid
Semi-rigid
Segmentation based on End-Users
Food
Pet Food
Agricultural Produce
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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