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Vacuum Packaging Market Trends

  • Report ID: GMI7978
  • Published Date: Jan 2024
  • Report Format: PDF

Vacuum Packaging Market Trends

The growing awareness of environmental sustainability has prompted the development of eco-friendly vacuum packing solutions. Manufacturers are actively researching and implementing biodegradable and recyclable materials to address concerns about plastic waste. This trend toward sustainable packaging is consistent with customer expectations for ecologically responsible choices, contributing to overall favorable market dynamics.
 

Advancements in package technology, such as the incorporation of intelligent sensors and indications, have also influenced the vacuum packaging industry. These advances improve the monitoring of product conditions across the supply chain, assuring the quality and safety of packaged goods. Furthermore, the inclusion of modified atmosphere packaging and vacuum skin packaging techniques broadens the uses of vacuum packing, providing solutions adapted to individual product needs.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global industry size for vacuum packaging was valued at around USD 8 billion in 2023 and is anticipated to register a CAGR of over 4.8% between 2024 and 2032, owing to the rising consumer demand for extended shelf life and better food preservation.

Polyethylene segment held the dominant market share worth USD 3.5 billion in 2023, driven by its unique properties, which satisfy critical industrial demands.

North America vacuum packaging market generated a revenue of USD 3 billion in 2023, attributed to rising preference for easy & sustainable packaging solutions, improved consumer awareness of food safety, and an expanding F&B sector.

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

Vacuum Packaging Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 250
  • Countries covered: 23
  • Pages: 300
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