The vacuum-sealed packaging market is poised for significant growth, with the global market size projected to reach US$ 13.2 billion by 2024. The vacuum-sealed packaging sales are expected to witness a robust CAGR of 4.3% from 2024 to 2034. By 2034, the vacuum-sealed packaging demand is anticipated to reach a valuation of US$ 20.1 billion.
Forces Steering the Evolution of Vacuum-sealed Packaging Applications
- Vacuum-sealed packaging reduces food waste, which aligns with environmentally conscious practices as sustainability plays a significant role in consumer decisions. The vacuum-sealed packaging market is expanding due to environmentally friendly packaging materials developments.
- By limiting exposure to oxygen, moisture, and other environmental elements that can cause spoiling and deterioration, vacuum-sealed packaging helps increase the shelf life of various products. It is significant because it is going to boost vacuum-sealed packaging demand for perishable goods.
- Vacuum-sealed packaging protects against outside factors like moisture, dust, and other things. This barrier of protection aids in preserving the products’ quality and guarantees that they reach customers in a suitable condition, increasing vacuum-sealed packaging sales.
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Key Takeaways
- The food segment in the end-use category is to grab a share of 48.9% from 2024 to 2034.
- In the material category, the polyethylene (PE) segment to acquire a market share of 41.7% between 2024 and 2034.
- The sales of vacuum-sealed packaging in the United States are anticipated to surge at a CAGR of 2.7% by 2024.
- The market in Germany is to develop at a CAGR of 3% through 2024.
- The demand in the United Kingdom is to grow at a rate of 4.3% from 2024 to 2034.
- China sales are expected to surge at a CAGR of 4.9% until 2034.
- India industry is anticipated to boost at a CAGR of 5.7% by 2024.
- Australia sales are to soar at a CAGR of 3.9% between 2024 and 2034.
- Japan market is projected to exhibit a CAGR of 3.5% by 2024.
- North America market to grab a share of 26.3% from 2024 to 2034.
- Europe to acquire a market share of 22.7% between 2024 and 2034.
Restraints Impacting the Adoption of Vacuum-sealed Packaging Technologies
- Vacuum-sealed packaging systems frequently need a significant upfront investment in equipment and technology to be put into place. Smaller vacuum-sealed packaging companies may find it challenging to implement vacuum-sealed packaging solutions due to the associated costs.
- The correct operation and maintenance of vacuum-sealed packaging machinery can necessitate specialized personnel due to its complexity. The intricacy of vacuum-sealed packaging may present obstacles concerning employee training and maintaining uniform performance, resulting in elevated operational expenditures.
- Following legal requirements and ensuring vacuum-sealed packaging satisfies quality and safety standards can be challenging. The vacuum-sealed packaging businesses must navigate various measures to guarantee compliance, which can be difficult in environments with different regulatory frameworks.
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Market Spotlight of Vacuum-sealed Packaging in Asia Pacific
- The substantial food and beverage sector and rising consumer awareness of food safety are propelling the growth of the vacuum-sealed packaging market in Asia Pacific.
- Asia Pacific’s demand for vacuum-sealed packaging solutions is growing due to increased urbanization and a rise in e-commerce.
An in-depth Look at Market Trends of Vacuum-sealed Packaging in North America
- The demand for vacuum-sealed packaging is expanding steadily in North America owing to a trend toward environmentally friendly packaging options and a greater focus on prolonging the shelf life of perishable items.
- The pharmaceutical industry’s growing adoption of vacuum-sealed packaging is another important factor influencing the structure of the North America market.
Market Dynamics of Vacuum-sealed Packaging in Europe
- The Europe vacuum-sealed packaging market strongly emphasizes reducing food waste, and the packaging sector works together to find creative, environmentally friendly ways to solve environmental issues.
- The adoption of vacuum-sealed packaging is prevalent, primarily due to the strict regulations in Europe concerning food safety and packaging materials.
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.
Recent Advancements
- Amcor plc increased its presence in Europe in August 2022 when it bought a state-of-the-art flexible packaging facility in the Czech Republic.
- Klockner Pentaplast increased its capacity in April 2022 at its Beaver location by adding rPET/PET capacity, which can help the company’s growth in the North America market for sustainable healthcare and food packaging.
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Key Segments
By Material:
- Polyethylene (PE)
- Polypropylene (PP)
- Polyamide (PA)
- Ethylene Vinyl Alcohol (EVOH)
- Polyethylene terephthalate (PET)
- Other
By Product Type:
- Pouches and Bags
- Films
By End Use:
- Food
- Non-Food
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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