Vacuum Packaging Market Analysis

ID: MRFR/PNT/1575-CR

111 Pages

Snehal Singh

December 2024

Vacuum Packaging Market Research Report: By Application (Food Packaging, Medical Packaging, Consumer Products Packaging, Electronics Packaging), By Type (Flexible Packaging, Rigid Packaging, Pouches, Vacuum Bags), By Material (Plastic, Paper, Metal, Glass), By End Use Industry (Food and Beverage, Healthcare, Electronics, Industrial) and By Regional (North America, Europe, South America, Asia P...

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Summary Table of Contents Segmentation Download PDF

Market Analysis

Vacuum Packaging Market (Global, 2023)

Introduction

The vacuum-packaging industry has become an important part of the packaging industry, mainly due to the growing demand for food preservation, longer shelf life, and safety. In recent years, as consumers become more health-conscious and environmentally conscious, the demand for packaging solutions that are more sustainable has also increased. This has pushed manufacturers to adopt more advanced technology. The vacuum-packaging industry is also characterized by a wide range of applications in various industries, such as food and beverage, pharmaceuticals, and electronics. Vacuum packaging must meet the different requirements of each industry. In addition, with the development of e-commerce and the popularity of food delivery, vacuum packaging has become a new trend for the industry. The vacuum package can ensure the quality of the product during the delivery process. The popularity of ready-to-eat food has also pushed the demand for vacuum packaging, not only to maintain freshness, but also to improve the quality of the product. The vacuum-packaging industry is still developing, and more and more materials and processes have been developed to meet the requirements of sustainability and cost.

PESTLE Analysis

Political: The vacuum packaging market in 2023 will be affected by the various political factors, including trade policies and regulations. For example, the European Union has strict food safety regulations, which stipulate that 85 percent of food packaging materials must meet the specific safety standards. It is estimated that the vacuum packaging industry will face a cost increase of up to 500,000 euros per year due to this. Also, due to the impact of trade tensions, import tariffs have been imposed on some imported packaging materials, which will also affect the supply chain and the price strategy of vacuum packaging companies.
Economic: The year 2023 presents both opportunities and challenges for the vacuum packaging industry. In several regions, inflation has reached a level of 6.5%, resulting in a drop in consumers’ purchasing power and a shift towards more cost-effective packaging solutions. The disruptions to the supply chain have also led to a rise of approximately 15% in the price of raw materials, which has forced manufacturers to review their price strategy. Despite these challenges, the demand for vacuum packaging in the food industry remains strong, with the food and beverage industry accounting for more than 40% of the total consumption of vacuum packages.
Social: In 2023, social trends show an increasing demand for sustainable and environmentally friendly packaging. In a recent survey, 72% of consumers are willing to pay extra for products that use environmentally friendly packaging. This trend has prompted vacuum package manufacturers to change their ways and adopt biodegradable materials, which are expected to account for at least 25% of the total packaging materials used in 2025. Besides, with the rising health consciousness of consumers, the demand for vacuum-packed food has increased. Because of its longer shelf life and better nutritional value, people are more willing to buy vacuum-packed food.
Technological: TECHNOLOGY PLAYS A KEY ROLE IN THE FUTURE OF THE VACUUM PACKAGING MARKET IN 2023. INTEGRATION OF SMARTER PACKAGING TECHNOLOGY, SUCH AS INTEGRATED SENSORS THAT MEASURE FRESHNESS, IS NOWCOMING MORE AND MORE POPULAR. It is estimated that by the end of the year about 30 percent of new vacuum packages will contain these technologies. Moreover, the use of automation in packaging has made the process more efficient. A total of 20 percent of labor costs have been saved by the use of automatic sealing machines. In addition, the use of this technology is expected to improve the quality of products and reduce food waste.
Legal: In 2023, the vacuum packaging market is mainly influenced by strict regulations in terms of food safety and compliance with the environment. FDA requires all food-packaging materials to be tested for chemical migration. The cost of compliance per product line averages $ 200,000. In addition, in some countries, new laws have been passed that restrict the use of disposable plastics, which forces manufacturers to seek alternative materials. If these regulations are not met, the company may be subject to fines of up to $ 1 million, which further increases the importance of legal compliance in this market.
Environmental: In 2023, the vacuum packaging industry will be increasingly influenced by the concern for the environment. The growing trend towards a sustainable economy will lead to a considerable increase in demand for recyclable and compostable packaging materials. By 2025, it is estimated that half of all vacuum-packaged products will be made from recycled materials. Also, the carbon footprint of the packaging industry is being questioned, and by 2030 the industry aims to reduce greenhouse gas emissions by 30 percent. Companies are investing in energy-saving production processes, and some of them have already reported a 25 percent reduction in energy consumption by using renewable energy sources.

Porter's Five Forces

Threat of New Entrants: The vacuum-packaging market is characterised by a medium degree of protection from new entrants, owing to the special equipment and technology required. Although the initial investment is high, the growing demand for vacuum-packed foodstuffs and other products offers opportunities for new entrants. Nevertheless, they are faced with the problem of competing with the established companies, which have strong brand awareness and distribution networks.
Bargaining Power of Suppliers: Suppliers in the vacuum-packaging market generally have a low bargaining power. Materials used in vacuum-packaging, such as plastics and films, are widely available from many suppliers. This enables manufacturers to change suppliers easily, thereby reducing the power of suppliers to negotiate on price and conditions.
Bargaining Power of Buyers: The buyers of the vacuum-packaging market, particularly the large food wholesalers and manufacturers, have considerable bargaining power. Their sizeable purchases give them the power to bargain hard. And the availability of alternative packaging solutions gives them even more negotiating power.
Threat of Substitutes: The threat of substitutes in the vacuum-packaging market is moderate. Vacuum packaging offers a unique combination of extended shelf life and reduced spoilage, but alternatives, such as modified atmosphere and traditional packaging, are also readily available. Often, the choice of packaging depends on the product’s needs and consumers’ preferences.
Competitive Rivalry: Competition in the vacuum-packaging market is high, driven by a large number of players who are vying for market share. Price, quality and innovation are the main areas of competition. With the rapid growth of the food and beverage industry and rising demand for convenience, the competition is becoming increasingly fierce.

SWOT Analysis

Strengths

Increased shelf life of products leading to reduced food waste.
Growing demand in the food and beverage industry for preservation.
Technological advancements improving packaging efficiency and quality.

Weaknesses

High initial investment costs for vacuum packaging machinery.
Limited consumer awareness about the benefits of vacuum packaging.
Potential for product damage if not properly executed.

Opportunities

Expansion into emerging markets with rising disposable incomes.
Growing trend of e-commerce and online food delivery services.
Innovations in sustainable and eco-friendly packaging solutions.

Threats

Intense competition from alternative packaging methods.
Regulatory challenges regarding food safety and packaging materials.
Economic downturns affecting consumer spending on premium packaging.

Summary

In 2023 the vacuum packaging market will be characterized by its strengths in extending product shelf life and technological advancements that will serve the growing food and beverage sector. However, the high initial costs and low consumer awareness may limit the market’s growth. Opportunities lie in expanding into new markets and in the e-commerce sector. On the other hand, competition and regulatory issues may affect the vacuum packaging market’s development. The vacuum packaging industry’s strategic focus will be on innovation and consumer education.

Market Highlights

Author

Snehal Singh

Assistant Manager - Research

High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

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FAQs

What is the expected market size of the Vacuum Packaging Market in 2035?

The Vacuum Packaging Market is expected to be valued at 47.89 USD Billion in 2035.

What is the projected compound annual growth rate (CAGR) for the Vacuum Packaging Market from 2024 to 2035?

The projected CAGR for the Vacuum Packaging Market from 2025-2035 is 5.02%.

Which application segment holds the largest market share in the Vacuum Packaging Market?

The Food Packaging segment holds the largest market share, valued at 22.1 USD Billion in 2035.

What is the estimated market value of Medical Packaging in 2035?

The estimated market value of Medical Packaging in 2035 is 10.9 USD Billion.

What market value is projected for the North American region in 2035?

The North American region is projected to have a market value of 14.8 USD Billion in 2035.

How much is the Asia-Pacific (APAC) market valued in 2035?

The Asia-Pacific (APAC) market is valued at 16.2 USD Billion in 2035.

Which companies are considered major players in the Vacuum Packaging Market?

Major players include Vacuum Packaging Systems, Winpak, and Sealed Air Corporation, among others.

What is the expected market size of Consumer Products Packaging in 2035?

The expected market size of Consumer Products Packaging in 2035 is 9.4 USD Billion.

What is the projected market value for Electronics Packaging in 2035?

The projected market value for Electronics Packaging in 2035 is 5.5 USD Billion.

What challenges and opportunities are currently facing the Vacuum Packaging Market?

Challenges include regulatory compliance and opportunities arising from innovations in packaging technologies.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per Market Research Future Analysis, the Global Vacuum Packaging Market was valued at 29.33 USD Billion in 2022 and is projected to grow to 47.89 USD Billion by 2032, reflecting a CAGR of 5.02% from 2024 to 2032. The market is driven by increasing demand for food preservation, the growth of e-commerce, and rising awareness of sustainable packaging solutions. Key applications include food packaging, medical packaging, and consumer products packaging, with significant contributions from the food and beverage sector.

Key Market Trends & Highlights

The vacuum packaging market is evolving with several key trends.

Food Packaging segment valued at 14.5 USD Billion in 2023, driven by demand for preserved food items. Medical Packaging segment valued at 7.2 USD Billion in 2023, emphasizing contamination prevention. APAC region expected to grow from 10.3 USD Billion in 2023 to 16.2 USD Billion by 2032, supported by urbanization. Rising focus on eco-friendly solutions with advancements in biodegradable materials.

Vacuum Packaging Market

CAGR

5.02%

Market Size & Forecast

2022 Market Size	USD 29.33 Billion
2023 Market Size	USD 30.8 Billion
2032 Market Size	USD 47.89 Billion
CAGR (2024-2032)	5.02%
Largest Regional Market Share in 2023	North America.

Major Players

Key players include Vacuum Packaging Systems, Winpak, Schneider Packaging Equipment, Sealed Air Corporation, and Amcor.

Market Trends

The growing need for safe and practical packaging options in a variety of industries, such as electronics, food, and pharmaceuticals, is propelling the vacuum packaging market.

Vacuum packaging reduces waste and spoiling in light of increased concerns about food safety and shelf life. Convenience food consumption is also increasing the demand for efficient packaging techniques that maintain product freshness and prolong its shelf life.

Furthermore, the growth of online meal delivery services and e-commerce is raising need for protective packaging to guarantee that goods reach customers in the best possible condition. In emerging nations, where urbanization and shifting lifestyles are increasing the need for packaged goods, there are substantial prospects.

Businesses might investigate cutting-edge materials and technologies that improve vacuum packaging effectiveness and enable more environmentally friendly procedures. Businesses can now create vacuum packaging choices that are recyclable and biodegradable because to the need for environmentally friendly solutions.

There is also potential in the customization of packaging solutions to meet specific consumer needs, supporting brand differentiation in a crowded market. Recent trends indicate an increasing focus on combining vacuum packaging with smart technologies, such as sensors that can monitor freshness and safety.

The integration of smart packaging solutions enhances the consumer experience by providing real-time product information.

Overall, the landscape of the vacuum packaging market is evolving, driven by innovation, consumer preferences, and environmental considerations.

The Global Vacuum Packaging Market is poised for robust growth, driven by increasing consumer demand for extended shelf life and enhanced food safety across various sectors.

U.S. Department of Agriculture

Vacuum Packaging Market Market Drivers

Market Growth Projections

The Global Vacuum Packaging Market Industry is poised for substantial growth, with projections indicating a market value of 32.0 USD Billion in 2024 and an anticipated increase to 55.5 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 5.13% from 2025 to 2035. Various factors contribute to this expansion, including rising demand for food preservation, technological advancements, and changing consumer preferences. The market's adaptability to evolving trends and regulatory requirements positions it favorably for sustained growth in the coming years.

Rising Demand for Food Preservation

The Global Vacuum Packaging Market Industry experiences a notable increase in demand for food preservation techniques. Consumers are increasingly aware of food waste and the benefits of extending shelf life. Vacuum packaging effectively reduces spoilage by removing air, thereby preserving freshness and flavor. In 2024, the market is valued at 32.0 USD Billion, indicating a robust growth trajectory. This trend is particularly evident in the meat and dairy sectors, where vacuum packaging is widely adopted to maintain product quality. The growing emphasis on sustainability further drives this demand, as consumers seek eco-friendly packaging solutions that minimize waste.

Increasing Focus on Food Safety Regulations

The Global Vacuum Packaging Market Industry is significantly impacted by the increasing focus on food safety regulations. Governments worldwide are implementing stringent guidelines to ensure food quality and safety, prompting manufacturers to adopt vacuum packaging solutions. This method effectively minimizes the risk of contamination and extends the shelf life of perishable goods. As a result, food producers are more inclined to invest in vacuum packaging technologies to comply with these regulations. The growing awareness of foodborne illnesses and the need for traceability further drive this trend, positioning vacuum packaging as a critical component in the food supply chain.

Growth in E-commerce and Online Food Delivery

The surge in e-commerce and online food delivery services significantly influences the Global Vacuum Packaging Market Industry. As more consumers opt for online grocery shopping, the need for effective packaging solutions that ensure product integrity during transit becomes paramount. Vacuum packaging provides a reliable method to protect food items from damage and contamination, thereby enhancing customer satisfaction. This trend is expected to contribute to the market's growth, with projections indicating a market value of 55.5 USD Billion by 2035. Companies are increasingly investing in vacuum packaging technologies to meet the demands of the evolving retail landscape.

Technological Advancements in Packaging Solutions

Technological advancements play a crucial role in shaping the Global Vacuum Packaging Market Industry. Innovations in machinery and materials enhance the efficiency and effectiveness of vacuum packaging processes. For instance, the development of multi-layer films and automated sealing machines improves the barrier properties and reduces production costs. These advancements not only cater to the food sector but also extend to pharmaceuticals and electronics, where product protection is vital. The anticipated compound annual growth rate of 5.13% from 2025 to 2035 reflects the industry's adaptability to emerging technologies and consumer preferences, ensuring continued relevance in a competitive market.

Consumer Preference for Convenience and Ready-to-Eat Meals

Consumer preferences are shifting towards convenience and ready-to-eat meals, significantly influencing the Global Vacuum Packaging Market Industry. Busy lifestyles and the demand for quick meal solutions drive the popularity of vacuum-packed products. These items not only offer convenience but also maintain quality and freshness, appealing to health-conscious consumers. The market's growth is supported by the increasing availability of vacuum-packaged meals in retail outlets and online platforms. As the trend towards convenience continues, manufacturers are likely to expand their product lines, further propelling the market's expansion in the coming years.

Market Segment Insights

Vacuum Packaging Market Application Insights

The  Vacuum Packaging Market experienced significant growth, driven primarily by its extensive applications in various industries.

In 2023,

Food Packaging

The insights derive actionable strategies for businesses to enhance their market positioning while addressing consumer needs and sustainability trends within the industry.

Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Vacuum Packaging Market Type Insights

The  Vacuum Packaging Market encompasses various types, including <a href="https://www.marketresearchfuture.com/reports/flexible-packaging-market-1151">Flexible Packaging</a>,

Rigid Packaging

, Pouches, and Vacuum Bags, which play pivotal roles in preserving food and non-food items.

Vacuum Packaging Market Material Insights

The market segmentation for materials includes Plastic, Paper, Metal, and Glass, each playing a critical role in the overall industry, with Plastic materials significantly dominating due to their lightweight and flexibility, making them ideal for a multitude of applications.

Paper packaging is increasingly favored due to its sustainability profile, aligning with the growing market trend towards eco-friendly solutions.

Metal packaging, while lesser in volume, offers superior protection and durability, particularly in food and beverage sectors, which accentuates its relevance. <a href="https://www.marketresearchfuture.com/reports/glass-market-11515">Glass</a>, though heavier and more expensive, provides an excellent barrier to gases and moisture, making it a preferred option for premium products.

Vacuum Packaging Market End Use Industry Insights

The market shows a diversified range of applications across key industries, including Food and Beverage, Healthcare, Electronics, and Industrial.

Notably, the Food and Beverage sector is significant as vacuum packaging extends product shelf life, enhances quality, and reduces spoilage, leading to its dominance in the vacuum packaging industry. Healthcare also plays a crucial role, employing vacuum packaging for sterilization and preservation of medical supplies, ensuring safety and extending usability.

The Electronics industry utilizes vacuum packaging to protect sensitive components from moisture and dust, while the Industrial sector benefits from heavy-duty packaging solutions for tools and machinery.

Get more detailed insights about Vacuum Packaging Market Research Report- Global Forecast till 2032

Regional Insights

The Vacuum Packaging Market revenue showcased a diverse distribution across various regions. In 2023, North America led with a market valuation of 9.5 USD Billion, and by 2032, it is projected to grow to 14.8 USD Billion, allowing it to maintain a significant presence in the industry.

Europe followed closely with a valuation of 8.2 USD Billion in 2023, expected to rise to 12.5 USD Billion in 2032, making it an important segment due to the increasing demand for packaged food and consumer goods. The APAC region, valued at 10.3 USD Billion in 2023, stood out as a rapidly growing market, anticipated to reach 16.2 USD Billion in 2032, supported by rising disposable incomes and urbanization in emerging economies.

South America and MEA reflected smaller markets, with valuations of 1.5 USD Billion and 1.3 USD Billion in 2023, respectively, forecasted to rise to 2.4 USD Billion and 1.9 USD Billion by 2032, indicating gradual growth opportunities driven by increasing food preservation needs.

The diverse dynamics among these regions illustrated varying growth potentials influenced by local economic conditions, consumer preferences, and technological advancements in the Vacuum Packaging Market.

Vacuum Packaging Market By Regional Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Key Players and Competitive Insights

The Vacuum Packaging Market has seen significant evolution and growth, characterized by intense competition among various players striving to gain a foothold in this dynamic domain. This market primarily revolves around the preservation of food and non-food items by employing vacuum sealing technology to extend shelf life and enhance product freshness.

Factors such as increasing consumer awareness about food safety, growing demand for ready-to-eat meals, and the rise of e-commerce significantly contribute to the competitive landscape of the vacuum packaging industry. Companies are constantly innovating to introduce advanced packaging solutions that cater to diverse consumer preferences across various sectors, including food, pharmaceuticals, and electronics, thus intensifying the competition.

Additionally, the market is witnessing a surge in strategic partnerships, mergers, and acquisitions as firms aim to consolidate their market positions and enhance their offerings, thereby influencing market dynamics.

Focusing on 'Vacuum Packaging Systems', this company has established itself as a crucial player in the Vacuum Packaging Market. It possesses a comprehensive product portfolio that includes advanced vacuum sealing machines that cater to diverse needs across multiple industries.

One of the key strengths of Vacuum Packaging Systems lies in its commitment to innovation and technology, leading to the development of versatile and user-friendly packaging solutions that promote efficiency and cost-effectiveness.

The company's strong emphasis on research and development allows it to stay ahead of market trends and offer products that meet the evolving demands of customers, thereby solidifying its position in the market. Moreover, its robust distribution network and strategic partnerships further enhance its market presence and accessibility, ensuring that its vacuum packaging solutions are available to a wide range of clients ly.

In the context of the Vacuum Packaging Market, 'Winpak' demonstrates significant capabilities and a robust market presence. The company specializes in the production of high-quality packaging materials and machinery, emphasizing sustainability and efficiency.

Winpak's strength lies in its advanced technology that enables the creation of customized vacuum packaging solutions specifically designed to cater to the unique requirements of its clients in various sectors.

With a strong focus on research and innovation, Winpak continually enhances its product offerings and operational efficiencies, ensuring competitiveness in a rapidly evolving market. The company's commitment to quality control and customer satisfaction is reflected in its meticulous production processes and adherence to international standards.

Additionally, Winpak's strategic investments in expanding its manufacturing capabilities and distribution networks contribute to its growth and solidify its status as a leading entity in the Vacuum Packaging Market.

Key Companies in the Vacuum Packaging Market market include

Industry Developments

Q2 2024: Amcor Launches New AmPrima™ PE Plus High-Performance Recycle-Ready Packaging Amcor announced the launch of AmPrima™ PE Plus, a new recycle-ready flexible packaging solution designed for vacuum packaging applications in food and consumer products. The product aims to meet growing demand for sustainable packaging in the vacuum packaging sector.
Q2 2024: Sealed Air Announces Partnership with Plastic Energy to Advance Circular Packaging Solutions Sealed Air entered a strategic partnership with Plastic Energy to develop advanced recycling solutions for vacuum packaging, focusing on converting used plastic packaging into recycled feedstock for new products.
Q1 2024: MULTIVAC Opens New Production Facility in India to Expand Vacuum Packaging Machine Manufacturing MULTIVAC inaugurated a new manufacturing facility in India dedicated to producing vacuum packaging machines, aiming to meet rising demand in the region’s food processing and export sectors.
Q2 2024: Berry Global Appoints New CEO to Drive Growth in Flexible Packaging Segment Berry Global announced the appointment of a new CEO, with a stated focus on expanding the company’s flexible and vacuum packaging business globally.
Q1 2024: ULMA Packaging Launches New Flow-Vac System for High-Speed Vacuum Packaging ULMA Packaging introduced its Flow-Vac system, a high-speed vacuum packaging solution designed for meat and cheese processors, enhancing efficiency and product shelf life.
Q2 2024: Cryovac® Brand by Sealed Air Unveils New Vacuum Shrink Bag for Fresh Protein Packaging Sealed Air’s Cryovac® brand launched a new vacuum shrink bag designed for fresh protein packaging, offering improved barrier properties and sustainability features.
Q1 2024: PAC Machinery Acquires Clamco, Expanding Vacuum Packaging Equipment Portfolio PAC Machinery completed the acquisition of Clamco, a manufacturer of packaging machinery, to broaden its vacuum packaging equipment offerings for industrial and food applications.
Q2 2024: Proseal Announces Contract Win to Supply Vacuum Packaging Machines to Major UK Food Processor Proseal secured a contract to supply vacuum packaging machines to a leading UK food processor, supporting increased production capacity and food safety standards.
Q1 2024: Winpak Invests $20 Million in New R&D Center Focused on Advanced Vacuum Packaging Materials Winpak announced a $20 million investment in a new research and development center dedicated to innovating advanced materials for vacuum packaging, targeting food and medical applications.
Q2 2024: Coveris Launches Recyclable Vacuum Skin Packaging for Meat and Seafood Coveris introduced a recyclable vacuum skin packaging solution for meat and seafood, aiming to reduce plastic waste and improve product shelf life.
Q1 2024: Henkel Partners with Syntegon to Develop Sustainable Vacuum Packaging Adhesives Henkel announced a partnership with Syntegon to co-develop sustainable adhesives for vacuum packaging, focusing on improving recyclability and reducing environmental impact.
Q2 2024: Flexopack Expands Production Capacity with New Vacuum Packaging Film Line in Greece Flexopack commissioned a new production line for vacuum packaging films at its Greek facility, increasing output to meet growing demand in Europe’s food packaging market.

Future Outlook

Vacuum Packaging Market Future Outlook

The Global Vacuum Packaging Market is projected to grow at a 5.13% CAGR from 2024 to 2035, driven by increasing demand for food preservation and sustainability initiatives.

New opportunities lie in:

Develop eco-friendly vacuum packaging solutions to meet rising consumer demand for sustainable products. Leverage advanced technologies like smart packaging to enhance product shelf life and consumer engagement. Expand into emerging markets with tailored vacuum packaging solutions for local food industries.

By 2035, the vacuum packaging market is expected to achieve substantial growth, reflecting evolving consumer preferences and technological advancements.

Market Segmentation

Vacuum Packaging Market Type Outlook

Flexible Packaging
Rigid Packaging
Pouches
Vacuum Bags

Vacuum Packaging Market Material Outlook

Plastic
Paper
Metal
Glass

Vacuum Packaging Market Regional Outlook

North America
Europe
South America
Asia Pacific
Middle East and Africa

Vacuum Packaging Market Application Outlook

Food Packaging
Medical Packaging
Consumer Products Packaging
Electronics Packaging

Vacuum Packaging Market End Use Industry Outlook

Food and Beverage
Healthcare
Electronics
Industrial

Report Scope

Attribute/Metric	Details
Market Size 2022	29.33(USD Billion)
Market Size 2023	30.8(USD Billion)
Market Size 2032	47.89(USD Billion)
Compound Annual Growth Rate (CAGR)	5.02% (2024 - 2032)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2023
Market Forecast Period	2024 - 2032
Historical Data	2019 - 2023
Market Forecast Units	USD Billion
Key Companies Profiled	Vacuum Packaging Systems, Winpak, Schneider Packaging Equipment, Fowlers Vacuum Packaging, KHS GmbH, Coveris, Paxiom, TNA Solutions, Reiser, Sealed Air Corporation, Berry , Clondalkin Group, Amcor, Multivac, Eagle Flexible Packaging
Segments Covered	Application, Type, Material, End Use Industry, Regional
Key Market Opportunities	Growth in e-commerce food delivery, Sustainable packaging innovations, Rising demand for pharmaceuticals, Increasing awareness of food preservation, Expansion in developing regions
Key Market Dynamics	rising demand for food safety, increasing shelf life of products, growth in online food delivery, eco-friendly packaging solutions, technological advancements in machinery
Countries Covered	North America, Europe, APAC, South America, MEA

Market Highlights

Author

Snehal Singh

Assistant Manager - Research

She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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