Vacuum shrink bags are specialized packaging materials designed to protect and preserve various products by removing air and creating a vacuum-sealed environment. These bags are commonly used in the food industry for packaging fresh or processed meat, poultry, seafood, and other perishable items.
The global vacuum shrink bags market is anticipated to cross a valuation of US$ 1,392.1 million in 2023. It is projected to hit a valuation of US$ 2,267.6 million by 2033. The market is foreseen to thrive at a CAGR of 5.0% from 2023 to 2033.
Due to increased environmental concerns, there is a rising need for sustainable packaging solutions. Compared to conventional packaging materials like plastic sheets or trays, vacuum shrink bags provide environmentally beneficial alternatives, particularly those manufactured from recyclable or biodegradable materials. Vacuum shrink bags support the circular economy and environmental goals by boosting recycling and decreasing material waste.
In the food sector, vacuum shrink bags are frequently used for packaging and preserving perishable food items. Vacuum shrink bags aid in extending the shelf life of foods by eliminating air and establishing a vacuum-sealed environment.
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Start-up Ecosystem
Emerging trends in the vacuum shrink bags market include the production of a diverse range of sealed bags by start-up companies. These cost-effective bags are designed to keep food fresh without compromising its taste. A recent innovation in the market introduces nine-layer superior quality vacuum shrink bags, offering enhanced protection against UV rays, gases, and water vapor for the packed contents. Start-up manufacturing companies are creatively introducing unique and innovative features in response to consumer demands. Users can confidently utilize these high-quality vacuum shrink bags, ensuring the safety of their food items.
Recent Developments Observed by FMI:
- To save energy and extend the shelf life of the completed product, MULTIVAC aspires to make it feasible to directly vacuum-pack hot food without first cooling it with the introduction of its new SFP Light steam flushing technology in December 2022.
- In February 2021, Eco-Tite® R, a shrink bag for fresh and processed meat, poultry, and select cheeses, was unveiled by Amcor, a packaging innovator on a worldwide scale. Amcor Eco-Tite® R is designed to increase shelf life, maintain food safety, and decrease food waste, and it can be recycled in the existing polyethylene (PE) plastic recycling streams.
Market Trends:
- Sustainable Packaging: Like other packaging sectors, there is a growing trend towards developing sustainable and eco-friendly vacuum shrink bag materials to align with global environmental concerns.
- Demand for Extended Shelf Life: The emphasis on extending the shelf life of perishable goods is a key driver for the growth of the vacuum shrink bags market.
- Innovations in Material Technology: Continuous advancements in material technology contribute to the development of vacuum shrink bags with enhanced barrier properties and better performance.
- Customization and Branding: The market is witnessing an increasing demand for customized vacuum shrink bags that cater to specific product requirements and also serve as a branding tool for companies.
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Market Segmentation
By Material Type:
- Polyethylene (PE)
- HDPE
- LLDPE
- LDPE
- Polypropylene (PP)
- Polyamide (PA)
- Bo-axially Oriented Polyethylene Terephthalate (BOPET)
- EVOH
- Inorganic Oxide Coatings
- PVDC
- Others
By Barrier Type:
- Low Barrier (1000 to 100 cc-mil/m2-atm)
- Medium Barrier (100 to 50 cc-mil/m2-atm)
- High Barrier (50 to 0.1 cc-mil/m2-atm)
- Ultra High Barrier (0.1 cc-mil/m2-atm)
By Thickness:
- Up to 50 microns
- 50 to 70 microns
- 70 to 90 microns
- 90 to 110 microns
- Above 110 microns
By Application:
- Food
- Meat
- Seafood
- Poultry
- Cheese and Dairy
- Other Food Products
- Electronics
- Cosmetics & Personal Care
- Homecare
- Healthcare
- Industrial
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East & Africa (MEA)
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