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, Thermofo

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


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


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
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2.4.1 Data Mining
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2.4.2 Data Analysis
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2.4.3 Data Validation
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2.4.4 Research Approach
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2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
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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
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3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
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4.2 Bargaining power of buyers
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4.3 Threat of substitutes
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4.4 Threat of new entrants
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4.5 Competitive rivalry
5 Global Vacuum Packaging Market, By Process
5.1 Introduction
5.2 Shrink Vacuum Packaging
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5.3 Skin Vacuum Packaging
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6 Global Vacuum Packaging Market, By Packaging Material
6.1 Introduction
6.2 Ethylene Vinyl Alcohol
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6.3 Polyethylene
6.4 Polyamide
6.5 Other Packaging Materials
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6.5.1 Paper
6.5.2 Polyvinyl Chloride
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6.5.3 Polypropylene
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6.5.4 Polyester
7 Global Vacuum Packaging Market, By Machinery
7.1 Introduction
7.2 Tray-sealing Machines
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7.3 Thermoformers
7.4 External Vacuum Sealers
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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
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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
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10.3.4.1 Processed Meat
10.3.4.2 Fresh Meat
10.3.5 Confectionery
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10.3.5.1 Biscuits/Cookies
10.3.5.2 Candy
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10.3.5.3 Chocolate
10.3.6 Dairy Products
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10.3.6.1 Cheese
10.3.6.2 Butter
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10.3.6.3 Cream
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10.4 Pharmaceuticals
10.4.1 Surgical tools
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10.4.2 Sterile goods
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10.4.3 Chemical gels
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10.4.4 Medical kits
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10.4.5 Capsules
10.5 Electronics
10.5.1 Microchips
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10.5.2 Motherboards
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10.5.3 Semiconductor
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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
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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
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11.4.6 South Korea
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11.4.7 Rest of Asia Pacific
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11.5 South America
11.5.1 Argentina
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11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
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11.6.1 Saudi Arabia
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11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
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11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
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12.2 Acquisitions & Mergers
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12.3 New Product Launch
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12.4 Expansions
12.5 Other Key Strategies
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13 Company Profiling
13.1 Berry Plastics Corporation
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13.2 Ulma Packaging
13.3 Multisorb Technologies, Inc.
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13.4 Amcor Limited
13.5 Orics Industries, Inc.
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13.6 Coveris Holdings SA
13.7 Sealed Air Corporation
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13.8 Bemis Company, Inc.
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13.9 SCOOP
13.10 Linpac Packaging Limited
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13.11 CVP Systems Inc.
13.12 Mondi Group
List of Tables
Table 1 Global Vacuum Packaging Market Outlook, By Region (2020-2028) ($MN)
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Table 2 Global Vacuum Packaging Market Outlook, By Process (2020-2028) ($MN)
Table 3 Global Vacuum Packaging Market Outlook, By Shrink Vacuum Packaging (2020-2028) ($MN)
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Table 4 Global Vacuum Packaging Market Outlook, By Skin Vacuum Packaging (2020-2028) ($MN)
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Table 5 Global Vacuum Packaging Market Outlook, By Packaging Material (2020-2028) ($MN)
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Table 6 Global Vacuum Packaging Market Outlook, By Ethylene Vinyl Alcohol (2020-2028) ($MN)
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Table 7 Global Vacuum Packaging Market Outlook, By Polyethylene (2020-2028) ($MN)
Table 8 Global Vacuum Packaging Market Outlook, By Polyamide (2020-2028) ($MN)
Table 9 Global Vacuum Packaging Market Outlook, By Other Packaging Materials (2020-2028) ($MN)
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Table 10 Global Vacuum Packaging Market Outlook, By Paper (2020-2028) ($MN)
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Table 11 Global Vacuum Packaging Market Outlook, By Polyvinyl Chloride (2020-2028) ($MN)
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Table 12 Global Vacuum Packaging Market Outlook, By Polypropylene (2020-2028) ($MN)
Table 13 Global Vacuum Packaging Market Outlook, By Polyester (2020-2028) ($MN)
Table 14 Global Vacuum Packaging Market Outlook, By Machinery (2020-2028) ($MN)
Table 15 Global Vacuum Packaging Market Outlook, By Tray-sealing Machines (2020-2028) ($MN)
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Table 16 Global Vacuum Packaging Market Outlook, By Thermoformers (2020-2028) ($MN)
Table 17 Global Vacuum Packaging Market Outlook, By External Vacuum Sealers (2020-2028) ($MN)
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Table 18 Global Vacuum Packaging Market Outlook, By Other Machineries (2020-2028) ($MN)
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Table 19 Global Vacuum Packaging Market Outlook, By Vacuum Chamber Machines (2020-2028) ($MN)
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Table 20 Global Vacuum Packaging Market Outlook, By Mini Vacuum Machines (2020-2028) ($MN)
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Table 21 Global Vacuum Packaging Market Outlook, By Pack Type (2020-2028) ($MN)
Table 22 Global Vacuum Packaging Market Outlook, By Semi-rigid Packaging (2020-2028) ($MN)
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Table 23 Global Vacuum Packaging Market Outlook, By Rigid Packaging (2020-2028) ($MN)
Table 24 Global Vacuum Packaging Market Outlook, By Flexible Packaging (2020-2028) ($MN)
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Table 25 Global Vacuum Packaging Market Outlook, By Product (2020-2028) ($MN)
Table 26 Global Vacuum Packaging Market Outlook, By Films (2020-2028) ($MN)
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Table 27 Global Vacuum Packaging Market Outlook, By Pouches & Bags (2020-2028) ($MN)
Table 28 Global Vacuum Packaging Market Outlook, By Other Products (2020-2028) ($MN)
Table 29 Global Vacuum Packaging Market Outlook, By Application (2020-2028) ($MN)
Table 30 Global Vacuum Packaging Market Outlook, By Industrial Goods (2020-2028) ($MN)
Table 31 Global Vacuum Packaging Market Outlook, By Food (2020-2028) ($MN)
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Table 32 Global Vacuum Packaging Market Outlook, By Sausages (2020-2028) ($MN)
Table 33 Global Vacuum Packaging Market Outlook, By Grains (2020-2028) ($MN)
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Table 34 Global Vacuum Packaging Market Outlook, By Fruits (2020-2028) ($MN)
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Table 35 Global Vacuum Packaging Market Outlook, By Meat/ Poultry (2020-2028) ($MN)
Table 36 Global Vacuum Packaging Market Outlook, By Processed Meat (2020-2028) ($MN)
Table 37 Global Vacuum Packaging Market Outlook, By Fresh Meat (2020-2028) ($MN)
Table 38 Global Vacuum Packaging Market Outlook, By Confectionery (2020-2028) ($MN)
Table 39 Global Vacuum Packaging Market Outlook, By Biscuits/Cookies (2020-2028) ($MN)
Table 40 Global Vacuum Packaging Market Outlook, By Candy (2020-2028) ($MN)
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Table 41 Global Vacuum Packaging Market Outlook, By Chocolate (2020-2028) ($MN)
Table 42 Global Vacuum Packaging Market Outlook, By Dairy Products (2020-2028) ($MN)
Table 43 Global Vacuum Packaging Market Outlook, By Cheese (2020-2028) ($MN)
Table 44 Global Vacuum Packaging Market Outlook, By Butter (2020-2028) ($MN)
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Table 45 Global Vacuum Packaging Market Outlook, By Cream (2020-2028) ($MN)
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Table 46 Global Vacuum Packaging Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
Table 47 Global Vacuum Packaging Market Outlook, By Surgical tools (2020-2028) ($MN)
Table 48 Global Vacuum Packaging Market Outlook, By Sterile goods (2020-2028) ($MN)
Table 49 Global Vacuum Packaging Market Outlook, By Chemical gels (2020-2028) ($MN)
Table 50 Global Vacuum Packaging Market Outlook, By Medical kits (2020-2028) ($MN)
Table 51 Global Vacuum Packaging Market Outlook, By Capsules (2020-2028) ($MN)
Table 52 Global Vacuum Packaging Market Outlook, By Electronics (2020-2028) ($MN)
Table 53 Global Vacuum Packaging Market Outlook, By Microchips (2020-2028) ($MN)
Table 54 Global Vacuum Packaging Market Outlook, By Motherboards (2020-2028) ($MN)
Table 55 Global Vacuum Packaging Market Outlook, By Semiconductor (2020-2028) ($MN)
Table 56 Global Vacuum Packaging Market Outlook, By Consumer Goods (2020-2028) ($MN)
Table 57 Global Vacuum Packaging Market Outlook, By Other Applications (2020-2028) ($MN)
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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