Vacuum Packaging Market
PUBLISHED: 2023 ID: SMRC23024
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Vacuum Packaging Market

Vacuum Packaging Market Forecasts to 2028 - Global Analysis By Process (Shrink Vacuum Packaging and Skin Vacuum Packaging), Packaging Material (Ethylene Vinyl Alcohol, Polyethylene and Other Packaging Materials), Machinery (Tray-sealing Machines, Thermoformers and Other Machineries), Pack Type (Semi-rigid Packaging, Rigid Packaging and Flexible Packaging), Product (Films, Pouches & Bags and Other Products), Application and By Geography

4.6 (85 reviews)
4.6 (85 reviews)
Published: 2023 ID: SMRC23024

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $28.29 BN

Projected Year Value (2028)

US $40.43 BN

CAGR (2022 - 2028)

6.13%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Vacuum Packaging Market is accounted for $28.29 billion in 2022 and is expected to reach $40.43 billion by 2028 growing at a CAGR of 6.13% during the forecast period. Vacuum packing is the process of eliminating air from a pack before it is sealed with the goal of removing oxygen by bringing the packaging material into close contact with the product. Additionally, it helps cured meat products by creating an environment that can keep other qualities at a respectable level while extending the colour of the meat before fading. It is a frequently used method for distributing fresh meat cuts, boneless meat, and processed meat products, as well as for long-term preservation.

According to the International Monetary Fund, the population in the US was 327.4 million in 2018 and is projected to reach 341 million in 2024. According to the US Department of Labor, in 2018, there were 28.2 million foreign-born persons in the US labor force as compared to 27.4 million foreign-born persons in the US labor force in 2017. According to the US Department of Agriculture and Economic Research Service, in 2018, the consumption of red meat in the US amounted to 109.3 pounds per capita and is expected to rise to 113.8 pounds per capita.



Market Dynamics:

Driver:

Increasing demand for polyamide in packaging industry

The ability of polyamide to produce films with great clarity, adaptability, powerful thermoforming ability, and moderate shrinkage qualities makes it a popular material in the vacuum packaging sector. For the creation of flexible packaging films, polyamide is frequently mixed with polyolefin as a multilayer structural element. Both semi crystals and polymers are renowned for their hardness. Polyamide 66 is recognised for other qualities like resistance to abrasion and high-temperature heat deflection, whereas polyamide 6 is known for rigidity. Polyolefins are co-extruded with nylons to increase heat seal-ability and act as a moisture barrier while lowering costs.

Restraint:

Stringent regulations

Widespread use of plastic materials like polyethylene (PE) in vacuum packing solutions is made possible by their abundance, low production and manufacturing expenses, and low cost of production. Even though these plastics are recyclable, excessive use of them puts the environment in danger and is therefore subject to strict regulation. The shelf life of frozen food items is extended by vacuum packaging, yet germs can still grow on food products and cause further contamination. The Food Standards Agency and other organisations are becoming more stringent about accepting vacuum packaging options.

Opportunity:

Increasing demand for vacuum packaging in the medical sector

Hospitals, healthcare facilities, and other medical settings employ vacuum packaging because it saves time, money, and extends the shelf life of the product. Vacuum packaging is used to ensure that medicines are not affected by any type of external temperature or climate. Similar to vacuum sealing food, sealing medical supplies will eliminate any bacteria that come into touch with them and prevent the spread of further bacteria before the box is opened. Medical objects may also be sterilised when they are vacuum sealed and packed using a variety of techniques. Therefore, it is anticipated that demand for vacuum packaging will increase in the future due to the growing popularity of medical products.

Threat:

Unfavourable consumer perceptions

Consumer perception of specific food products is one of the main issues with the integration of vacuum packing in the food business. Consumers of meat products are accustomed to certain colour cues and anaerobic environments. Vacuum packaging alters the transient appearance of meat products in an unfavourable way, which reduces their attraction to customers. Thus, these factors are hampering the market growth over the forecast period.

Covid-19 Impact

A virus like COVID-19 has never been seen before in history. This virus drastically altered how people live, interact, and conduct business throughout the world. Remote employment, social distance, and other ideas became widely accepted as a result of the global epidemic that COVID-19 sparked. Additionally, temporary lockdowns and quarantines were prompted by this novel virus last year all over the world. There was less demand for a variety of items as a result of these quarantines and lockdowns. Due to the pandemic, many businesses had to permanently close their doors. Surprisingly, the epidemic was advantageous to the global vacuum packaging sector. They desired vacuum wrapping for their goods as a result.

The polyethylene segment is expected to be the largest during the forecast period

The polyethylene segment is estimated to have a lucrative growth. Polyethylene is preferred by manufacturers over alternative packaging materials because of its low production and processing costs. Polyethylene can be soft and malleable or hard and solid. In the vacuum packaging sector, a variety of products is packaged and stored using soft, flexible films. Polyethylene also offers the basic packaging polymers with the lowest softening point.

The food segment is expected to have the highest CAGR during the forecast period

The food segment is anticipated to witness the highest CAGR growth during the forecast period, due to the growing knowledge that improperly wrapped packing materials can cause chemical contamination and the growing health consciousness of consumers, there is an increased need for hygiene packaging. As a result of protecting food goods from atmospheric gas and extending their shelf life, vacuum packing is anticipated to become more and more necessary.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to rising pharmaceutical manufacturing as well as rising demand for packaged food in developing nations including the U.S., Canada, and Mexico. Therefore, effective packaging that provides protection against bacterial growth, resists it, and lengthens the product's shelf life is needed for these packaged foods. Additionally, the region has seen a continued rise in meat consumption.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to a rise in the demand for packaged food products, a rise in the export of meat and meat products, and a rise in the attention paid to practical and affordable packaging options. Due to people in the region's busy lifestyles and rising disposable income, there is likely to be a rapid rise in the consumption of frozen food, on-the-go meals and nutritious packaged food, which will further boost the need for vacuum packaging in the Asia-Pacific region.



Key players in the market

Some of the key players profiled in the Vacuum Packaging Market include Berry Plastics Corporation, Ulma Packaging, Multisorb Technologies, Inc., Amcor Limited, Orics Industries, Inc., Coveris Holdings SA, Sealed Air Corporation, Bemis Company, Inc., SCOOP, Linpac Packaging Limited, CVP Systems Inc. and Mondi Group.

Key Developments:

In July 2019, Berry Global Group, Inc., announced that it had acquired of RPC Group PLC (RPC) for a purchase price of approximately USD 6.5 billion. Berry and RPC together created a leading global supplier of value-added protective solutions and one of the world’s largest plastic packaging companies.

In June 2019, Amcor acquired Bemis Company Inc. The companies now operate as Amcor PLC (Amcor). This acquisition has led to additional scale, capabilities, and footprint that strengthened Amcor’s industry-leading value proposition and generated significant value for shareholders.

In June 2019, Mondi Group developed a fully-recyclable polypropylene film for thermoforming applications with a 23% reduction in carbon footprint compared to existing packaging. This recyclable polypropylene film is ideal for modified atmosphere packaging (MAP) and vacuum packaging, which is known for its ability to extend the shelf life of products such as meat and cheese.

In October 2018, Coveris introduced a recyclable vacuum skinboard tray, a new packaging format for the fresh protein sector. This innovation combines sustainable sourcing, plastics reduction, and improved recyclability for delivering a fully-circular pack format in support of both the retailer and packaging manufacturers.

Processes Covered:
• Shrink Vacuum Packaging
• Skin Vacuum Packaging

Packaging Materials Covered:
• Ethylene Vinyl Alcohol
• Polyethylene
• Polyamide
• Other Packaging Materials

Machineries Covered:
• Tray-sealing Machines
• Thermo-formers
• External Vacuum Sealers
• Other Machineries

Pack Types Covered:
• Semi-rigid Packaging
• Rigid Packaging
• Flexible Packaging

Products Covered:
• Films
• Pouches & Bags
• Other Products

Applications Covered:
• Semi- Industrial Goods
• Food
• Pharmaceuticals
• Electronics
• Consumer Goods
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Vacuum Packaging Market, By Process
5.1 Introduction
5.2 Shrink Vacuum Packaging
5.3 Skin Vacuum Packaging

6 Global Vacuum Packaging Market, By Packaging Material
6.1 Introduction
6.2 Ethylene Vinyl Alcohol
6.3 Polyethylene
6.4 Polyamide
6.5 Other Packaging Materials
6.5.1 Paper
6.5.2 Polyvinyl Chloride
6.5.3 Polypropylene
6.5.4 Polyester

7 Global Vacuum Packaging Market, By Machinery
7.1 Introduction
7.2 Tray-sealing Machines
7.3 Thermoformers
7.4 External Vacuum Sealers
7.5 Other Machineries
7.5.1 Vacuum Chamber Machines
7.5.2 Mini Vacuum Machines

8 Global Vacuum Packaging Market, By Pack Type
8.1 Introduction
8.2 Semi-rigid Packaging
8.3 Rigid Packaging
8.4 Flexible Packaging

9 Global Vacuum Packaging Market, By Product
9.1 Introduction
9.2 Films
9.3 Pouches & Bags
9.4 Other Products

10 Global Vacuum Packaging Market, By Application
10.1 Introduction
10.2 Industrial Goods
10.3 Food
10.3.1 Sausages
10.3.2 Grains
10.3.3 Fruits
10.3.4 Meat/ Poultry
10.3.4.1 Processed Meat
10.3.4.2 Fresh Meat
10.3.5 Confectionery
10.3.5.1 Biscuits/Cookies
10.3.5.2 Candy
10.3.5.3 Chocolate
10.3.6 Dairy Products
10.3.6.1 Cheese
10.3.6.2 Butter
10.3.6.3 Cream
10.4 Pharmaceuticals
10.4.1 Surgical tools
10.4.2 Sterile goods
10.4.3 Chemical gels
10.4.4 Medical kits
10.4.5 Capsules
10.5 Electronics
10.5.1 Microchips
10.5.2 Motherboards
10.5.3 Semiconductor
10.6 Consumer Goods
10.7 Other Applications

11 Global Vacuum Packaging Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa

12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 Company Profiling
13.1 Berry Plastics Corporation
13.2 Ulma Packaging
13.3 Multisorb Technologies, Inc.
13.4 Amcor Limited
13.5 Orics Industries, Inc.
13.6 Coveris Holdings SA
13.7 Sealed Air Corporation
13.8 Bemis Company, Inc.
13.9 SCOOP
13.10 Linpac Packaging Limited
13.11 CVP Systems Inc.
13.12 Mondi Group

List of Tables
1 Global Vacuum Packaging Market Outlook, By Region (2020-2028) ($MN)
2 Global Vacuum Packaging Market Outlook, By Process (2020-2028) ($MN)
3 Global Vacuum Packaging Market Outlook, By Shrink Vacuum Packaging (2020-2028) ($MN)
4 Global Vacuum Packaging Market Outlook, By Skin Vacuum Packaging (2020-2028) ($MN)
5 Global Vacuum Packaging Market Outlook, By Packaging Material (2020-2028) ($MN)
6 Global Vacuum Packaging Market Outlook, By Ethylene Vinyl Alcohol (2020-2028) ($MN)
7 Global Vacuum Packaging Market Outlook, By Polyethylene (2020-2028) ($MN)
8 Global Vacuum Packaging Market Outlook, By Polyamide (2020-2028) ($MN)
9 Global Vacuum Packaging Market Outlook, By Other Packaging Materials (2020-2028) ($MN)
10 Global Vacuum Packaging Market Outlook, By Paper (2020-2028) ($MN)
11 Global Vacuum Packaging Market Outlook, By Polyvinyl Chloride (2020-2028) ($MN)
12 Global Vacuum Packaging Market Outlook, By Polypropylene (2020-2028) ($MN)
13 Global Vacuum Packaging Market Outlook, By Polyester (2020-2028) ($MN)
14 Global Vacuum Packaging Market Outlook, By Machinery (2020-2028) ($MN)
15 Global Vacuum Packaging Market Outlook, By Tray-sealing Machines (2020-2028) ($MN)
16 Global Vacuum Packaging Market Outlook, By Thermoformers (2020-2028) ($MN)
17 Global Vacuum Packaging Market Outlook, By External Vacuum Sealers (2020-2028) ($MN)
18 Global Vacuum Packaging Market Outlook, By Other Machineries (2020-2028) ($MN)
19 Global Vacuum Packaging Market Outlook, By Vacuum Chamber Machines (2020-2028) ($MN)
20 Global Vacuum Packaging Market Outlook, By Mini Vacuum Machines (2020-2028) ($MN)
21 Global Vacuum Packaging Market Outlook, By Pack Type (2020-2028) ($MN)
22 Global Vacuum Packaging Market Outlook, By Semi-rigid Packaging (2020-2028) ($MN)
23 Global Vacuum Packaging Market Outlook, By Rigid Packaging (2020-2028) ($MN)
24 Global Vacuum Packaging Market Outlook, By Flexible Packaging (2020-2028) ($MN)
25 Global Vacuum Packaging Market Outlook, By Product (2020-2028) ($MN)
26 Global Vacuum Packaging Market Outlook, By Films (2020-2028) ($MN)
27 Global Vacuum Packaging Market Outlook, By Pouches & Bags (2020-2028) ($MN)
28 Global Vacuum Packaging Market Outlook, By Other Products (2020-2028) ($MN)
29 Global Vacuum Packaging Market Outlook, By Application (2020-2028) ($MN)
30 Global Vacuum Packaging Market Outlook, By Industrial Goods (2020-2028) ($MN)
31 Global Vacuum Packaging Market Outlook, By Food (2020-2028) ($MN)
32 Global Vacuum Packaging Market Outlook, By Sausages (2020-2028) ($MN)
33 Global Vacuum Packaging Market Outlook, By Grains (2020-2028) ($MN)
34 Global Vacuum Packaging Market Outlook, By Fruits (2020-2028) ($MN)
35 Global Vacuum Packaging Market Outlook, By Meat/ Poultry (2020-2028) ($MN)
36 Global Vacuum Packaging Market Outlook, By Processed Meat (2020-2028) ($MN)
37 Global Vacuum Packaging Market Outlook, By Fresh Meat (2020-2028) ($MN)
38 Global Vacuum Packaging Market Outlook, By Confectionery (2020-2028) ($MN)
39 Global Vacuum Packaging Market Outlook, By Biscuits/Cookies (2020-2028) ($MN)
40 Global Vacuum Packaging Market Outlook, By Candy (2020-2028) ($MN)
41 Global Vacuum Packaging Market Outlook, By Chocolate (2020-2028) ($MN)
42 Global Vacuum Packaging Market Outlook, By Dairy Products (2020-2028) ($MN)
43 Global Vacuum Packaging Market Outlook, By Cheese (2020-2028) ($MN)
44 Global Vacuum Packaging Market Outlook, By Butter (2020-2028) ($MN)
45 Global Vacuum Packaging Market Outlook, By Cream (2020-2028) ($MN)
46 Global Vacuum Packaging Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
47 Global Vacuum Packaging Market Outlook, By Surgical tools (2020-2028) ($MN)
48 Global Vacuum Packaging Market Outlook, By Sterile goods (2020-2028) ($MN)
49 Global Vacuum Packaging Market Outlook, By Chemical gels (2020-2028) ($MN)
50 Global Vacuum Packaging Market Outlook, By Medical kits (2020-2028) ($MN)
51 Global Vacuum Packaging Market Outlook, By Capsules (2020-2028) ($MN)
52 Global Vacuum Packaging Market Outlook, By Electronics (2020-2028) ($MN)
53 Global Vacuum Packaging Market Outlook, By Microchips (2020-2028) ($MN)
54 Global Vacuum Packaging Market Outlook, By Motherboards (2020-2028) ($MN)
55 Global Vacuum Packaging Market Outlook, By Semiconductor (2020-2028) ($MN)
56 Global Vacuum Packaging Market Outlook, By Consumer Goods (2020-2028) ($MN)
57 Global Vacuum Packaging Market Outlook, By Other Applications (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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