Posted By Coherent Market Insights
Posted on October 11, 2021
The vacuum packaging market was valued at USD 25.12 billion in 2020 and is expected to reach USD 32.35 billion by 2026, at a CAGR of 4.13% over the forecast period 2021 – 2026.
Vacuum packaging is a technology in which air is removed in order to block the growth of oxygen-breathing microbes, which spoil the product. The purpose of vacuum packaging is to eliminate oxygen from the package. Removal of inner oxygen results in a longer shelf life. It is essential that the accurate incorporation of the product, process, package, and distribution exists in the supply chain to avoid recontamination. The global vacuum packaging market is gaining momentum primarily due to the increasing demand for sanitary packaging in various sectors. A prominent disadvantage of vacuum packaging includes the loss of preservation once the package is opened.
The research report studies the Vacuum Packaging Market using different methodologies and analyzers to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market.
Top Key Players in Vacuum Packaging market: Amcor Limited, Bemis Company, Inc., Berry Plastics Corporation, Sealed Air Corporation, Linpac Packaging Limited, Multisorb Technologies, Inc., Coveris Holding SA, CVP Systems Inc., Ulma Packaging, SCOOP, and Orics Industries, Inc.
Regional Analysis:
The market research report on the global Vacuum Packaging market offers complete analysis across various regions around the globe. The report contains detailed country-level analysis, market revenue, market value and forecast analysis for the following countries and regions: Geographically, the comprehensive analysis of ingestion, revenue and Market share and growth speed, historical and forecast (2021-2027) of these regions are covered.
Market Outlook
- Asia Pacific is a major player in the global vacuum packaging market. The market growth is driven by factors such as high demand for packaged food, elevated healthcare expenditure, and rapid urbanization & industrialization in China and India. The augmented use of vacuum packaging in various end-use industries such as pharmaceuticals is projected to propel the growth of the vacuum packaging market
- Europe accounts for a large market share due to the presence of major packaged food and pharmaceutical manufacturers in this region on account of large packaged and processed food demand. Growing healthcare sector is also expected to propel the pharmaceutical packaging demand in the region. According to the Population Reference Bureau, Statistics Canada and EU, the geriatric population stood at 51 million in North America and 94 million in Europe as of 2016, which has boosted the pharmaceutical industry
Key Developments
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- In 2017, Sealed Air Corporation launched its new vacuum packaging technology Cryovac OptiDure for fresh red meat and smoked & processed meat segments. The new packaging provides high abuse resistance and abrasion protection. The new packaging will also help in reducing incidences of food waste by ensuring fewer products are punctured during the supply chain.
- In December 2018, Ulma Packaging completed installation of its Flow-vac system, a vacuum packaging system developed by company, at cold storage facilities of La Anónima ( chain of supermarkets based in Argentina) for meat packaging.
- In October 2019, MULTIVAC UK launched new B 625 chamber belt machine in the UK market. The new machine offers manufacturers a high performance, cost effective and user friendly model for automated vacuum packaging of food products in film pouches.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Vacuum Packaging Market Business Segmentation By Revenue And Structure Forecast 2027 appeared first on Gatorledger.
The vacuum packaging market was valued at USD 25.12 billion in 2020 and is expected to reach USD 32.35 billion by 2026, at a CAGR of 4.13% over the forecast period 2021 – 2026.
Vacuum packaging is a technology in which air is removed in order to block the growth of oxygen-breathing microbes, which spoil the product. The purpose of vacuum packaging is to eliminate oxygen from the package. Removal of inner oxygen results in a longer shelf life. It is essential that the accurate incorporation of the product, process, package, and distribution exists in the supply chain to avoid recontamination. The global vacuum packaging market is gaining momentum primarily due to the increasing demand for sanitary packaging in various sectors. A prominent disadvantage of vacuum packaging includes the loss of preservation once the package is opened.
The research report studies the Vacuum Packaging Market using different methodologies and analyzers to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market.
Top Key Players in Vacuum Packaging market: Amcor Limited, Bemis Company, Inc., Berry Plastics Corporation, Sealed Air Corporation, Linpac Packaging Limited, Multisorb Technologies, Inc., Coveris Holding SA, CVP Systems Inc., Ulma Packaging, SCOOP, and Orics Industries, Inc.
Regional Analysis:
The market research report on the global Vacuum Packaging market offers complete analysis across various regions around the globe. The report contains detailed country-level analysis, market revenue, market value and forecast analysis for the following countries and regions: Geographically, the comprehensive analysis of ingestion, revenue and Market share and growth speed, historical and forecast (2021-2027) of these regions are covered.
Market Outlook
- Asia Pacific is a major player in the global vacuum packaging market. The market growth is driven by factors such as high demand for packaged food, elevated healthcare expenditure, and rapid urbanization & industrialization in China and India. The augmented use of vacuum packaging in various end-use industries such as pharmaceuticals is projected to propel the growth of the vacuum packaging market
- Europe accounts for a large market share due to the presence of major packaged food and pharmaceutical manufacturers in this region on account of large packaged and processed food demand. Growing healthcare sector is also expected to propel the pharmaceutical packaging demand in the region. According to the Population Reference Bureau, Statistics Canada and EU, the geriatric population stood at 51 million in North America and 94 million in Europe as of 2016, which has boosted the pharmaceutical industry
Key Developments
- In 2017, Sealed Air Corporation launched its new vacuum packaging technology Cryovac OptiDure for fresh red meat and smoked & processed meat segments. The new packaging provides high abuse resistance and abrasion protection. The new packaging will also help in reducing incidences of food waste by ensuring fewer products are punctured during the supply chain.
- In December 2018, Ulma Packaging completed installation of its Flow-vac system, a vacuum packaging system developed by company, at cold storage facilities of La Anónima ( chain of supermarkets based in Argentina) for meat packaging.
- In October 2019, MULTIVAC UK launched new B 625 chamber belt machine in the UK market. The new machine offers manufacturers a high performance, cost effective and user friendly model for automated vacuum packaging of food products in film pouches.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Vacuum Packaging Market Business Segmentation By Revenue And Structure Forecast 2027 appeared first on Gatorledger.
