The global vacuum packaging market is growing at a CAGR of 3.8% during the forecast period. Vacuum packaging is the process of packaging a product by eliminating all the air inside to reduce the chances of spoilage and wastage of the product. Vacuum packaging has been widely used to store various items, including meat, poultry, seafood, cheese, dry fruits, and agricultural produce. It is popular across geographies when it comes to preserving food and keeping away bacteria and microorganisms. Also, vacuum-packed products are protected from moisture, dust, and other environmental gases and are being increasingly preferred by most manufacturers in the global food industry. Convenient packaging and easy handling are strongly driving vacuum packaging. Increasing disposable incomes and urbanization have also increased the demand for vacuum-packed products. Changing consumer trends for ready-to-go and lightweight packaging are some key drivers of the vacuum packaging market.
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COVID-19 has impacted the vacuum packaging industry across geographies. Despite wide macroeconomic headwinds, some packaging suppliers have been benefiting from the economic pace powering short-term sales growth. Moreover, consumer demand for protein products also increased significantly in the latter half of 2020, which is expected to create demand in the market for trays and flexible films. In addition, customers have increased demand for extended shelf life packaging due to a disruption in the supply chain amid COVID-19 measures, which will benefit the vacuum packaging market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Vacuum Packaging Market by Material
- Polyethylene (PE)
- Polyamide
- Ethylene Vinyl Alcohol (EVA)
- Other (PVC (Polyvinylchloride) and PP (Polypropylene))
Global Vacuum Packaging Market by End-User
- Food Industry
- Other
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Amcor plc (Bemis Company, Inc.)
- Berry Global, Inc.
- DuPont Teijin Films USA
- Mondini spa
- Klöckner Pentaplast Group
- M&Q Packaging, LLC
- Mondi Group
- Plastissimo Film Co.,Ltd
- Plastopil Hazorea Co., Ltd.
- Schur Flexibles Holding GesmbH
- Sealed Air Corp.
- Smurfit Kappa Group plc
- Swiss Pac USA
- The Middleby Corp.
- ULMA Packaging (ULMA Group)
- WestRock Co.
- Winpak, Ltd.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global vacuum packaging market. Based on the availability of data, information related to the products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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