Global Vacuum Packaging Market

Global
Vacuum Packaging
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2016 – 2026
Future Market Insights
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Report
Description
Report Description
Vacuum packaging is a modern methodology for packaging food and various other products. The
process involves withdrawal of the air included in the package and then sealing it. Vacuum
packaging is a common technique of extending the shelf life of food related products without
adversely impacting their quality. Vacuum packaging is an efficient way of decreasing food
spoilage, but also generates situations which assist in the growth of anaerobic organisms. Over
the past few years, vacuum packaging has become an encouraging packaging solution to
guarantee product safety and protection for longer periods. The intensifying awareness of
reliable and superior-quality packaging food in emerging economies is one of the major factors
contributing significantly for the growth of the vacuum packaging market. Due to speedy
urbanization and industrialization the vacuum packaging market is undergoing technological
advancements. New and innovative developments which includes production of vacuum
packages that holds recyclable packaging, and light-weight packaging are accumulating value to
the vacuum packaging market. The vacuum packaging market has grown at a rapid pace over the
past few years and is likely to observe stupendous growth during the forecast period.
Global Vacuum Packaging: Market Segmentation
The global Vacuum Packaging market is segmented on the basis of application which includes
pharmaceutical, food, packaging of consumer goods and industrial packaging. In 2015, food
packaging captured the maximum share in revenue terms in the global vacuum packaging
market. The segment is anticipated to remain dominant during the forecast period.
Report
Description
Report Description
The global vacuum packaging market is also bifurcated on the basis of machinery types used for
packaging of the products such as external vacuum sealers, thermo formers, tray-sealing
machine, and other machines. The global vacuum packaging market is also divided on the basis
of pack type which includes rigid packaging, semi-rigid packaging and flexible packaging. Flexible
packaging is likely to grow at a significant pace over the next ten years from 2016-2026. The
global vacuum packaging market is also fragmented by materials such as polyamide, ethylene,
polyethylene and vinyl alcohol.
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Global Vacuum Packaging Market: Growth Drivers
Robust consumption of convenience and processed food has been the major growth drivers of
the global vacuum packaging market. Rising consciousness about food safety and hygiene have
become consumer’s foremost urgency. This has inclined the demand for vacuum packaging all
across the world. Rising household income as well as inclination to spend for hygienic food are
anticipated to impel the growth of global vacuum packaging market during the forecast period.
Apart from this, speedy industrialization in the developing economies along with higher
population growth are anticipated to bolster the growth of global vacuum packaging market
during the period 2016-2026.
Report
Description
Report Description
Global Vacuum Packaging Market: Regional Outlook
Geographically, the Global Vacuum Packaging industry can be divided by major regions which
include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan,
Middle East and Africa. Asia-Pacific region captured the highest share in value terms in the
global vacuum packaging market during 2015. The region is likely to be dominant in future due
to robust demand for packaged food in emerging economies of Indian and China till 2026.
Europe is anticipated to be the second largest market in terms of revenue during the period
2016-2026.
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Global Vacuum Packaging Market: Key Players
Some of the key vendors identified across the value chain in the global Vacuum Packaging
market include CVP Systems Inc., Berry Plastics Corporation, Linpac Packaging Limited, Amcor
Group, Coveris Holding S.A., Ulma Packaging, Multisorb Technologies Inc., Orics Industries, and
Sealed Air Corporation. The vacuum packaging manufacturers have wide product portfolio and
substantial capital for research and development. The launch of new products as well as the
expansion are anticipated to be the major strategies of the key vendors to gain the competitive
advantage.
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