The vacuum packaging market growth rate is projected to be 4.90% from the six years spanning 2021 to 2030. The vacuum package market value was USD 25.12 billion last year. It’s projected to be USD 28,452 million in 2030.
Food Industry Demand: The primary driver of the vacuum packaging market is the demand from the food industry, where vacuum packaging is widely used for preserving and extending the shelf life of perishable food products. The increasing consumer preference for convenience foods, ready-to-eat meals, and packaged fresh produce drives the demand for vacuum packaging solutions.
Technological Advancements: Technological advancements in vacuum packaging machinery and materials play a crucial role in market growth. Innovations such as modified atmosphere packaging (MAP), active packaging, and intelligent packaging solutions enhance the efficacy and versatility of vacuum packaging, catering to evolving customer demands and industry trends.
Regulatory Standards and Food Safety Regulations: Stringent regulatory standards and food safety regulations regarding packaging materials, labeling requirements, and hygiene standards influence the adoption of vacuum packaging solutions. Compliance with regulatory standards is imperative for manufacturers to ensure product safety and quality, driving market demand for certified vacuum packaging solutions.
Consumer Preferences for Extended Shelf Life and Freshness: Consumer preferences for fresh and minimally processed food products with extended shelf life drive the adoption of vacuum packaging. Vacuum-sealed packaging helps maintain product freshness, flavor, and nutritional value, meeting consumer expectations for high-quality and convenient food packaging solutions.
Environmental Sustainability: Growing awareness of environmental sustainability and concerns about plastic waste management drive the demand for eco-friendly and recyclable vacuum packaging materials. Manufacturers are increasingly adopting sustainable packaging solutions such as biodegradable films, compostable packaging, and recyclable materials to align with consumer preferences and regulatory mandates.
Market Competition and Industry Consolidation: The vacuum packaging market is characterized by intense competition among key players, driving innovation, pricing strategies, and market consolidation efforts. Established players leverage mergers, acquisitions, and strategic partnerships to strengthen their market presence, expand product portfolios, and enhance competitive positioning.
Retail Industry Trends: Retail industry trends such as e-commerce growth, omnichannel retailing, and demand for premium packaging solutions influence the adoption of vacuum packaging in the retail sector. Vacuum-sealed packaging enhances product visibility, freshness, and shelf appeal, catering to changing retail preferences and consumer shopping habits.
Supply Chain Efficiency and Distribution Channels: The efficiency of the supply chain and distribution channels significantly impacts market accessibility and availability of vacuum packaging solutions to manufacturers and retailers. Market players optimize their supply chain networks and distribution channels to enhance market penetration, customer reach, and service efficiency.
Cost Dynamics and Pricing Strategies: Cost dynamics related to packaging materials, machinery, and operational expenses influence pricing strategies and profitability for vacuum packaging manufacturers. Market players focus on cost optimization, value engineering, and competitive pricing strategies to maintain market competitiveness and profitability.
Global Economic Trends and Market Volatility: Global economic trends, market volatility, currency fluctuations, and geopolitical factors impact market dynamics and investment decisions in the vacuum packaging industry. Market players need to monitor and adapt to changing economic conditions and market uncertainties to mitigate risks and capitalize on emerging opportunities.
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Vacuum Packaging Market Size was valued at USD 27.78 Billion in 2023. The Vacuum Packaging industry is projected to grow from USD 29.43 Billion in 2024 to USD 48.49 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.43% during the forecast period (2024 - 2032).
When companies use vacuum packaging for their brands they vacuum all of the packagings before they seal it. Vacuum packaging is popular, especially for food brands because it doesn’t permit air to enter the packages. Therefore, it preserves the integrity of the products for a longer period of time. The airtight packaging prevents mold and other pathogens from growing in the products. This does more than preserve brands, it saves lives because mold and pathogens can be deadly.
Never before has the world seen a virus that is like COVID-19. This virus quickly transformed the way people around the world live, interact with each other, shop, and do business. COVID-19 created a global pandemic that popularized such concepts as remote working, social distancing, and social distancing, among other things.
This novel virus also forced temporary lockdowns and quarantines around the world last year. These didn’t last long. Unfortunately, the same could not be said about global business and industry. These quarantines and lockdowns resulted in a decrease in demand for various goods. The reason was that people were working and living indoors because they didn’t want to risk being exposed to COVID-19. Many businesses were forced to close their doors permanently because of the pandemic.
The companies in the global vacuum packaging industry, amazingly enough, benefitted from the pandemic. People demanded that their brands and products be packaged in sanitary and sterile conditions as possible. Thus, they wanted their products to be packaged in vacuum packaging.
During December 2022, The MULTIVAC introduced SFP Light Steamflushing System that saves energy and extends the shelf-life of products to facilitate immediate vacuum packaging of hot food without any cooling before Packaging.
Klockner Pentaplast expanded rPET/P.E.T. capabilities at its Beaver facility in April 2022 adding capacity that will promote growth of the company's sustainable healthcare and food packaging markets across North America.
In July 2023 DOW and Klöckner Pentaplast introduced KP Flexivac, a multi-layer recyclable vacuum film. This is because it has been certified as P.E. by cyclos-H.T.P., a recycling center, and the recycling alliance Interseroh.
The global vacuum packaging industry has a high growth rate. Many companies see that they can make a lot of money in it. These two factors are attracting many companies. Most larger companies find that the market has few barriers to entry. They’re entering the industry at a record pace. All of this makes the global vacuum packaging industry extremely competitive.
Companies find that they have to invest heavily in research and development, merge with and acquire other successful companies, or enter into strategic partnerships with these types of companies.
DuPont de Nemours Inc is a major American player in the global vacuum packaging market. It developed this position by creating a sustainable competitive advantage through extensive investments in research and development.
This world is rapidly industrializing, developing, and urbanizing. All of this creates a health-conscious global society that is constantly on the move. These people want to make sure that the products that they buy are sanitary and sterile. They know that one way of ensuring this is if companies package their brands in vacuum packaging. This is one key factor that’s driving growth in the global vacuum packaging market.
People in developed and developing countries work much more than their parents used to. Thus, they have neither the time nor desire to cook, but they still need to eat. These people have found the perfect solution in ready-to-eat foods. This is another factor that’s driving growth in the global vacuum packaging market.
People around the world also want to eat frozen foods like TV dinners which can be easily reheated and still taste good. These products need vacuum packaging. This is another growth driver in the vacuum packaging market.
Companies are seeing that there’s real money to be made in the vacuum packaging market. That’s why they’re pouring billions into research and development. For example, the Indian food giant Rufil Industries introduced a new brand of paneer to the market in 2019. This brand used vacuum packaging to keep the paneer frozen and hence safer to eat once heated up. Incidentally, the vacuum packaging helps keep the paneer fresher and softer once it’s heated up.
Many hospitals use vacuum packaging to (not surprisingly) keep their medical equipment sterile. There is a problem though and this lies in the fact that all bacteria can’t be killed. Thus, they can still grow on the surface of the equipment and medicines that are in the airtight packaging. This is a major factor that’s holding growth back in the global vacuum packaging market.
Another key restraining factor is the fact that many governments (especially the UK) have passed stricter regulations on the types of material that can be used in vacuum packaging. The same applies when companies try to recycle this packaging.
Foods that are packaged in vacuum packaging can still grow botulism. This is a pathogen that can be deadly if consumed. Thus, companies in the vacuum packaging industry are constantly investing more in research and development to develop and use packaging that permits as few deadly pathogens to grow on and in the products as possible.
The vacuum packaging market growth rate is projected to be 4.97% from the six years spanning 2019 to 2025. The vacuum package market value was USD 25.12 billion last year. It’s projected to be USD 32.41 billion in 2025.
COVERIS is a major American player in the global vacuum packaging industry. This company has managed to become one of the more dominant companies by investing heavily in research and development. Thus, it was able to develop and use superior packaging that allowed fewer potentially deadly pathogens to grow on the products that it (the packaging) housed.
The following sub-segments are in the main material type segment:
The polyethylene had the largest vacuum packaging market share. This was because it’s economical. Hence, many companies prefer to use it. It should be noted that polyethylene also has the highest growth rate in the materials segment for the time period that this report covers.
Polyethylene is a plastic that’s as familiar to companies and the general public as Aspirin and Coke are.
This segment has the following groupings:
Skin vacuum packaging is expected to have the highest CAGR for the time period that this report covers. The reason for this is that this type of packaging lasts longer, hence companies are more inclined to use it. Companies that make and process dry foods like cheese, cereal, and nuts use this type of packaging.
The packaging segment has the following categories:
Flexible packaging had the highest vacuum packaging market share three years ago. The reason why it’s growing so rapidly is that more and more people around the world want to eat processed foods. People are more mobile and they have a lot less time. This is another factor that’s driving growth.
This segment is further categorized as:
Food had the highest vacuum packaging market share as of three years ago. This sub-segment is also expected to have the highest CAGR for the time period that this report covers.
The global vacuum packaging market can be grouped into the following regions:
The Asia-Pacific region has the largest vacuum packaging market share. The European Union and North America come in second and third place respectively. Many people are immigrating to North America. The immigrants want ethnic foods that may not readily be available where they live. Hence, the demand for frozen and processed foods is increasing.
More people are eating meat around the world. The masses are getting richer faster in the developing world and wealthier people want to eat more meat. Well, meat needs to be packaged in vacuum packaging to stay sterile enough for safe consumption when finally cooked.
North America is home to some of the largest companies in the vacuum packaging industry. This is part of what explains why this region has respectable growth.
In 2024: Multivac released new vacuum packaging solutions with enhanced sealing technology and extended shelf life for food products.
In 2023: Sealed Air introduced innovative vacuum packaging systems with improved functionality and environmental sustainability.
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