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Report overview
The global Vacuum Packaging market was valued at US$ 27100 million in 2022 and is projected to reach US$ 31520 million by 2029, at a CAGR of 2.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Nowadays vacuum packaging is one of the most acceptable approach for packaging food and other products. The process for vacuum packaging 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 segmented on the basis of material type, packaging type, application and region. 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.
This report aims to provide a comprehensive presentation of the global market for Vacuum Packaging, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vacuum Packaging. This report contains market size and forecasts of Vacuum Packaging in global, including the following market information:
Robust consumption of convenience and processed food has been the major growth drivers of the global vacuum packaging market. Rising awareness about food safety and hygiene have become consumer's foremost urgency. This has accelerated the demand for vacuum packaging globally. Escalating household income as well as consumer 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 emerging clusters of the globe, coupled with higher population growth is anticipated to bolster the growth of global vacuum packaging market during the period 2016-2026.
We surveyed the Vacuum Packaging companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Vacuum Packaging Market, by Material, 2018-2023, 2024-2030 ($ millions)
Global Vacuum Packaging Market Segment Percentages, by Material, 2022 (%)
Global Vacuum Packaging Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Vacuum Packaging Market Segment Percentages, by Application, 2022 (%)
Global Vacuum Packaging Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Vacuum Packaging Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Vacuum Packaging revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Vacuum Packaging revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters: