Vacuum Packaging Market Size
Vacuum packing is a big business, worth about $8 billion in 2023. People are really into it because it keeps food fresh for longer and makes it safer to eat. We're all becoming more aware of how important food safety and hygiene are. Vacuum packing helps keep food protected from things like air, moisture, and germs that can make it go bad. It also makes food last longer, so you don't have to worry about it spoiling as quickly. All of this is happening because the food industry is booming. It's expected to be worth over $13 trillion by 2028. That's a huge jump, and it's helping to drive the growth of the vacuum food packaging market.
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People are spending more money and living busy lives, which means they want convenient and ready-to-eat food. Vacuum packing keeps food fresh and flavorful for longer, matching these customer needs. It's easy to open and heat up, which fits well with their hectic schedules. Environmental awareness is also influencing how vacuum packing is done. Consumers care about sustainability, so the industry is moving towards eco-friendly and recyclable materials. Companies are working hard to develop vacuum packing that's better for the planet but still protects food just as well.
Vacuum Packaging Market Report Attributes
Report Attribute |
Details |
Base Year |
2023 |
Vacuum Packaging Market Size in 2023 |
USD 8 billion |
Forecast Period |
2024 - 2032 |
Forecast Period 2024 - 2032 CAGR |
4.8% |
2032 Value Projection |
USD 12.3 billion |
Historical Data for |
2018 - 2023 |
No. of Pages |
300 |
Tables, Charts & Figures |
250 |
Segments covered |
Material type, Process, Packaging type, Application |
Growth Drivers |
- Increasing demand for extended shelf life of food products
- Rising awareness about food safety and hygiene
- Growing e-commerce industry and online retailing
- Advancements in packaging technology
|
Pitfalls & Challenges |
- Raw material costs
- Environmental concerns
|
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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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When it comes to vacuum packing, different materials reign supreme. You've got polyethylene, polyamide, ethylene vinyl alcohol, polypropylene, and a few others in the mix. But the champion of the pack in 2023? Polyethylene, with a whopping $3.5 billion market share. Polyethylene has got it all when it comes to vacuum packing. It's super lightweight and strong, making it perfect for keeping your food and other items protected while reducing shipping costs. Plus, it's got your temperature changes and moisture resistance covered, ensuring your stuff stays fresh and safe, from delicate fruits to sensitive electronics. But here's where polyethylene really shinesit's in tune with what we're all about these days - sustainability. Manufacturers are all about using materials that are good for the planet, and polyethylene fits the bill with its recyclable and eco-friendly credentials. Plus, people are looking for packaging that helps reduce food waste and protect the environment, making polyethylene a big hit in the vacuum packing world.
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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.
When it comes to vacuum packaging, there are different ways to use it. Some of the main ones are for food, medicine, industrial products, and other things. Out of these, food is the biggest market and it's only getting bigger. People are more and more into the idea of convenience and keeping their food fresh for longer. Vacuum packaging is perfect for this because it takes out the air, which stops bacteria from growing and spoiling the food. It also helps keep the food's flavor and nutrients, and prevents it from getting oxidized. All in all, vacuum packaging is a great way to package food and it's no wonder that it's becoming more and more popular.
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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
In the competitive world of vacuum packaging, there are a few major players who dominate the sceneAmcor Limited, Berry Global Inc., Bosch Packaging Technology, Mondi Group, and Sealed Air Corporation. These companies have a huge impact on how the industry operates, but there's still space for smaller players to carve out their own niche. When it comes to competing, these big companies use a mix of strategies. They try to set prices that appeal to a wide range of customers. They also focus on building strong distribution networks so that their products are easy to find. And lastly, they're always coming up with new and better vacuum packaging solutions. Pricing is a big deal in this industry. Companies try to offer their products at prices that customers are willing to pay while still making a profit. Distribution is also important, especially for global companies that need to get their products out to customers all over the world. And finally, innovation is key because customers are always looking for the latest and greatest vacuum packaging solutions.
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
- 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