Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on vacuum packaging market provides in-depth analysis
of segments and sub-segments in the global as well as regional vacuum packaging
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional vacuum packaging market over the short
term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of global
vacuum packaging market. According to the report, the global vacuum packaging
market is projected to grow at a CAGR of 5.2% over the forecast period of
2019-2025.
Vacuum packaging is a form of
packaging in which the air around a food product is removed and then the
product is sealed in an impermeable package. Vacuum packing reduces the
atmospheric oxygen, limiting the growth of aerobic bacteria or fungi, and
preventing the evaporation of volatile components. Vacuum packaging protects
products from dust, moisture, insects, and a variety of other external elements
that may harm or damage food products. This extends the shelf life of any fresh
perishable product by 3 to 5 times compared to normal refrigerated life. Vacuum
sealing greatly extends the lifespan of several different kinds of food such as
cheese, meat, soup, and many others. The vacuum packaging seals in flavors and
is a quick and efficient way of packaging. This method is used in commercial
and residential applications to preserve food.
The increase in the consumption of
packaged foodstuffs owing growing demand for hygienic and quality products from
the busy and better-informed consumers and the growth of modern retail trade is
primarily driving the growth of the vacuum packaging market. Half of the US
population depends on packaged foods available at convenience stores. Vacuum
packaging offers additional advantages to the retailers such as reducing the
volume and improving the rigidity of flexible packages. In addition, the
consumption of packaged meat and dairy products is on the rise owing to the
rising incomes, changes in urban lifestyle and increasing expenditure on food
that in turn drives the growth of the vacuum packaging market. Furthermore,
vacuum packaging offers several benefits to the retailers such as it increases
shelf life, reduces product loss, seals barrier from external elements,
improves product presentation and requires no chemical preservatives. However,
growing awareness about the environmental harms of plastic hinders the growth
of the vacuum packaging market. Moreover, the emergence of eco-friendly
materials for vacuum packaging and the growth of the supermarkets and retailers
create favorable growth opportunities for the vacuum packaging market.
The Asia Pacific dominates the vacuum
packaging market and is anticipated to remain dominant over the forecast
period. The growing urbanization,
rapidly progressing food industry and rising expenditure on food boosts the
Asia Pacific vacuum packaging market. The food industry in the Asia Pacific
region is gigantic in size and is, therefore, a key element in the growth of vacuum
packaging market in this region. In addition, the growing expansion of the food and
beverage industry in several Asian countries such as China, India, and Indonesia
are creating favorable growth opportunities for the Asia Pacific vacuum
packaging market. North America holds the second largest share in the global
vacuum packaging market. The growing demand for convenience products and the
presence of several top retailers such as Walmart, Target and Costco favors the
growth of the North America vacuum packaging market.
The report on global vacuum
packaging market covers segments such as material, packaging type, and
application. On the basis of material, the sub-markets include polyethylene
(PE), polypropylene (PP), polyvinylchloride (PVC),
polyester (PET), and other materials. On the basis of packaging type, the
sub-markets include rigid packaging, flexible packaging, and semi-rigid
packaging. On the basis of application, the sub-markets include food,
pharmaceuticals, industrial processing, industrial goods, consumer goods, and
other applications.
The report provides profiles of
the companies in the market such as Amcor Limited, Bemis Company, Inc., Berry
Plastics Corporation, Sealed Air Corporation, Coveris Holdings S.A., CVP
Systems, Inc., Linpac Packaging Limited, Multisorb Technologies, Inc, ULMA
Packaging, S.Coop, Orics Industries, Inc, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of vacuum packaging market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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