Vacuum Packaging Market Size - By Material Type (Polyethylene, Polyamide, Ethylene Vinyl Alcohol, Polypropylene), By Process (Skin Vacuum Packaging, Shrink Vacuum Packaging), By Packaging Type, By Application & Forecast, 2024 – 2032

Vacuum Packaging Market Size - By Material Type (Polyethylene, Polyamide, Ethylene Vinyl Alcohol, Polypropylene), By Process (Skin Vacuum Packaging, Shrink Vacuum Packaging), By Packaging Type, By Application & Forecast, 2024 – 2032

Vacuum Packaging Market Size

Vacuum Packaging Market was valued at around USD 8 billion in 2023 and is anticipated to register a CAGR of over 4.8% between 2024 and 2032. The industry is expanding rapidly, owing to rising consumer demand for extended shelf life and better food preservation. One of the primary elements driving this demand is customers' rising knowledge of the significance of the safety of food and hygiene. Vacuum packing serves to form a protective barrier around food products, insulating them from external pollutants including air, moisture, and germs. As a result, the possibility of spoiling is reduced, and the packed items remain fresher for longer. Thus, the vacuum food packaging market growth is underpinned by the expanding food sector, which is expected to attain a market value of over USD 13 trillion by 2028 and will observe a growth rate of about 7%.

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Furthermore, rising disposable income and changing consumer lifestyles have resulted in a greater need for convenience and ready-to-eat food goods. Vacuum packing helps to match these customer desires by preserving the quality and taste of packaged goods over time. The ease of vacuum-sealed packaging is in line with current customers' busy lifestyles, who want to easy-to-prepare and convenient meal options.

In addition, environmental concerns drive advancements in vacuum packing materials and technology. As sustainability becomes more popular among consumers, the industry is shifting toward eco-friendly and recyclable packaging choices. Manufacturers are investing in R&D to provide vacuum packing solutions that reduce environmental impact while delivering excellent preservation and protection.
 

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The vacuum packaging industry faces considerable revenue growth constraints as raw material costs rise. Vacuum packing materials are made from a variety of raw materials, including polymers, films, and adhesives, all of which have seen significant price increases. Fluctuations in the pricing of these crucial components have resulted in higher manufacturing costs for vacuum packaging firms. As a result, many organizations are faced with the difficult decision of either absorbing the increased production costs or passing them on to customers, thereby affecting market demand.

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.

Vacuum Packaging Market Analysis

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Based on material type, the market is divided into polyethylene, polyamide, ethylene vinyl alcohol, polypropylene, and others. Polyethylene held the dominant market size of USD 3.5 billion in 2023. The need for polyethylene in vacuum packing is largely driven by its unique properties, which satisfy critical industrial demands. Polyethylene's lightweight and resilient characteristics allows effective packing while also contributing to lower transportation costs. Furthermore, its capacity to tolerate temperature changes and resist moisture makes it excellent for a wide range of items, including fresh fruit and electronics. In addition to its practical properties, polyethylene is consistent with expanding sustainability trends, as manufacturers increasingly use recyclable and eco-friendly materials. Consumer preferences for packaging solutions that decrease food waste and environmental effect drive growing demand for polyethylene in vacuum packing.

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Based on process, the market is categorized into skin vacuum packaging, shrink vacuum packaging, and others. Skin vacuum packaging accounted for 65.1% market share in 2023. The rising customer preference for fresh, longer-lasting products, along with the requirement for environmentally friendly packaging options, has increased demand for vacuum packaging technology. This development indicates a confluence of preservation efficiency and environmental conscience, positioning vacuum packaging, particularly skin vacuum packaging, as a key participant in the growing landscape of modern packaging options.

Based on packaging type, the market is categorized into flexible packaging, semi-rigid packaging, and rigid packaging. Flexible packaging accounted for major market share in 2023. Flexible packaging, known for its versatility and adaptability, has become the favored choice for vacuum packing in a variety of sectors. This packaging style consists of pouches, films, and bags that fit perfectly to the product, effectively eliminating excess air to produce a vacuum-sealed environment. The flexibility of these materials not only assures a tight seal, but also increases total package efficiency.

The vacuum packaging market segmentation by application is divided into food, pharmaceuticals, industrial goods, and others. Notably, food segment emerge as a frontrunner, securing a substantial market share as consumers continue to prioritize convenience and extended shelf life for perishable goods. The technology's ability to inhibit the growth of spoilage microorganisms, maintain product freshness, and prevent oxidation makes it a preferred choice for packaging various food items. From preserving the flavor and nutritional value of fresh produce to ensuring the long-lasting quality of processed and convenience foods, vacuum packaging plays a pivotal role in meeting the evolving needs of the food industry.

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North America dominated the global market in 2023. It generated a revenue of USD 3 billion in 2023. In North America, the vacuum packaging market has grown significantly due to a combination of reasons such as a rising preference for easy and sustainable packaging solutions, improved consumer awareness of food safety, and an expanding food and beverage sector. The region's strong economy and good living standards have also led to an increase in demand for vacuum-packaged products.

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.

Vacuum Packaging Industry News

• In February 2023, Sainsbury's introduced vacuum-packaging for beef mince. which will be accessible both in-store and online.
• In April 2023, HiCOZY, AstroAI's sister brand dedicated to home appliance research and development, announced the launch of its latest product, the HiCOZY Vacuum Sealer (SJ-2030). The HiCOZY Vacuum Sealer has industry-first magnetic auto-sealing technology, providing consumers with a totally automated vacuum sealing experience.

The vacuum packaging market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Kilo Tons) from 2018 to 2032, for the following segments

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Market, By Material Type

• Polyethylene
• Polyamide
• Ethylene Vinyl Alcohol
• Polypropylene
• Others

Market, By Process

• Skin Vacuum Packaging
• Shrink Vacuum Packaging
• Others

Market, By Packaging Type

• Flexible Packaging
• Semi-Rigid Packaging
• Rigid Packaging

Market, By Application

• Food
• Pharmaceuticals
• Industrial Goods
• Others

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA