The global vacuum-sealed packaging market is set for substantial growth, projected to achieve a valuation of US$ 13.2 billion in 2024 and expand at a CAGR of 4.3%, reaching US$ 20.1 billion by 2034. This growth trajectory underscores increasing consumer demand for extended product shelf life, enhanced freshness, and sustainable packaging solutions.
Key Market Dynamics
Rising Consumer Demand for Longer Shelf Life and Freshness
- The vacuum-sealed packaging market continues to grow as consumers prioritize longer shelf life and improved freshness of products.
- This trend is driven by heightened awareness about food waste reduction and sustainability, prompting widespread adoption of vacuum-sealed packaging technologies.
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Challenges and Opportunities
Environmental Sustainability Concerns
- Environmental sustainability remains a critical concern, particularly regarding the materials used in vacuum-sealed packaging, such as certain plastics.
- Market players are under pressure to adopt more eco-friendly materials and practices to mitigate environmental impact and meet regulatory standards.
Market Acceptance and Innovation
- Enhancing market acceptance of vacuum-sealed packaging involves educating consumers about its benefits and dispelling perceptions of complexity.
- Continuous innovation in materials and technologies is essential to stay competitive and address evolving consumer preferences and regulatory requirements.
E-commerce and Food Waste Reduction
- The growth of e-commerce has transformed the packaging industry, with vacuum-sealed solutions being tailored to ensure safe and efficient delivery.
- Vacuum-sealed packaging plays a crucial role in reducing food waste by delaying spoilage, aligning with global sustainability goals and consumer expectations.
Future Outlook
- Advancements in materials science offer opportunities to develop cost-effective and environmentally friendly vacuum-sealed packaging solutions.
- Companies are exploring recyclable and biodegradable materials to meet consumer preferences for sustainable packaging options, driving market growth.
Core Concepts in Paper Loading Machine Industry
- 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.
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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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