In 2022, the global vacuum packaging market is expected to reach a valuation of approximately US$ 7.5 billion, and it is projected to experience a compound annual growth rate (CAGR) of 4.9% over the next decade, reaching a total market size of around US$ 12.1 billion by 2032. Furthermore, it is anticipated that the top three countries in the market will contribute significantly, accounting for 25-30% of the global vacuum packaging market by the close of 2022.
In the United States, the demand for vacuum packaging is being driven by the escalating consumption of frozen food products. The U.S. is poised to dominate the North American vacuum packaging market, with an estimated share of approximately 81%. According to data from the American Frozen Food Institute (AFFI), frozen food sales in the U.S. saw a substantial 23.0% increase compared to 2019. This surge in frozen food consumption underscores the need for packaging solutions that offer extended shelf life, directly impacting the demand for vacuum packaging. As consumers increasingly seek convenient and longer-lasting food options, the vacuum packaging market in the U.S. stands to benefit significantly from this trend.
In the United Kingdom, the vacuum packaging market is expected to register a robust Compound Annual Growth Rate (CAGR) of 3.3% during the forecast period. One of the key growth opportunities in the U.K. market is driven by the high preference for barrier packaging, particularly in the context of seafood products. The European Commission (EC) reports that individuals in Europe consume approximately 24 kilograms of fish or seafood per year. Moreover, household spending on meat and fish purchases in the U.K. reached Euro 23 billion and Euro 4 billion, respectively, in 2020. This heightened consumption of seafood, along with the demand for effective packaging to preserve its freshness, is expected to create a significant growth opportunity for the vacuum packaging market in the U.K. As the U.K. continues to embrace vacuum packaging for seafood and other food products, the market is poised for steady expansion.
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Competitive Landscape
- In August 2022, Amcor plc expanded its presence in Europe by acquiring a world-class flexible packaging plant located in the Czech Republic.
- In April 2022, Klockner Pentaplast expanded its capacity by adding rPET/PET capacity to its Beaver site which will help the company grow its sustainable healthcare and food packaging market in North America.
Key Players-
- Sealed Air Corporation
- Amcor plc
- Berry Global Group
- Schur Flexibles Holding GesmbH
- Winpak Ltd.
- Klöckner Pentaplast
- Allfo GmbH & Co. KG
- Nemco Machinery A/S
- Plastissimo Film Co., Ltd.
- Plastopil Hazorea Company Ltd.
- Coveris Holdings S.A.
- The Vacuum Pouch Company Ltd.
Demand for Convenient Packaging Augment the Sales of Vacuum Packaging
- Extended Shelf Life: Vacuum packaging helps prevent the growth of microorganisms and oxidation of food, thereby extending the shelf life of perishable products. Consumers value products that stay fresh for longer periods, reducing food waste and the need for frequent restocking.
- Convenience: Vacuum-sealed packages are easy to store, stack, and transport. They take up less space in refrigerators and pantries, making them a convenient choice for consumers. This can be particularly appealing to individuals with limited storage space.
- Portability: Vacuum-sealed packages are often airtight and less prone to leakage. This makes them ideal for on-the-go consumers who want to carry food or other products without the risk of spillage or spoilage.
- Preservation of Product Quality: Vacuum packaging helps maintain the quality and flavor of products. It prevents freezer burn on frozen items and preserves the texture and taste of food. This is essential for consumers looking for high-quality and convenient packaging solutions.
- Reduced Packaging Waste: Vacuum packaging can reduce the need for excess packaging materials, as the process eliminates the need for excess air inside the package. This aligns with environmental concerns about reducing packaging waste and its impact on the environment.
- Food Safety: Vacuum packaging can enhance food safety by reducing exposure to bacteria and contaminants. Consumers are increasingly concerned about the safety of their food products, and vacuum packaging can address these concerns.
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Vacuum Packaging Market by Category
By Materials
- Polyethylene (PE)
- Polypropylene (PP)
- Polyamide (PA)
- Ethylene Vinyl Alcohol (EVOH)
- Polyethylene terephthalate (PET)
- Other Plastics (PS, etc.)
By Product Type
- Pouches & bags
- Films
By End Use
- Food
- Non-Food
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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