Vacuum Packaging Market Share

Vacuum Packaging Market Share

The competitive landscape of the vacuum packaging industry, featuring major players such as Amcor Limited, Berry Global Inc., Bosch Packaging Technology, Mondi Group, and Sealed Air Corporation, reflects a moderately concentrated market with notable initiatives driving competition. While these companies contribute significantly to the industry's dynamics, there is still a degree of fragmentation with diverse product offerings and market shares. Competitive approaches among these key players encompass a mix of pricing strategies, distribution network strength, and continuous product innovation. Pricing remains a crucial aspect, with companies strategically positioning their Vacuum Packaging products to attract a broad customer base. Distribution channels play a vital role, particularly for global players like Amcor Limited and Berry Global Inc., leveraging extensive networks to ensure widespread availability of their products.

Major companies have undertaken key initiatives to stay competitive. For example, Amcor Limited investing in research and development of new vacuum packaging technologies, such as active packaging that can extend shelf life even further. In May 2022, Amcor introduced PowerPost technology to create sustainable bottles. PowerPost is the most sophisticated light weighing solution for hot-filled beverages.

In January 2020, Amcor, a packaging provider, and Moda, a vacuum shrink packaging technology supplier, partnered together to create novel packaging solutions. As part of the collaboration, Amcor's shrink bag and roll stock film for meat and cheese will be manufactured utilizing Moda's packaging method.
 

Vacuum Packaging Market Companies

Major players operating in the vacuum packaging industry include:

• Amcor Limited
• Berry Global Inc.
• Bosch Packaging Technology
• Coveris Holdings S.A.
• CVP Systems, Inc.
• Henkelman
• LINPAC Packaging
• Mondi Group
• MULTIVAC
• Orics Industries, Inc.
• PAC Machinery
• Promarks Inc.
• Sealed Air Corporation
• ULMA Packaging
• Winpak Ltd.