Vacuum-Sealed Packaging Market Size, Share, Opportunities, And Trends By Material (Polyethylene (pe), Polypropylene (pp), Polyamide (pa), Ethylene Vinyl Alcohol (evoh), Polyethylene Terephthalate (pet), Other), By Product (Pouches & Bags, Films), By End-use (Food Industry, Healthcare & Pharmaceuticals, Industrial, Others), And By Geography - Forecasts From 2024 To 2029

  • Published : Jan 2024
  • Report Code : KSI061616653
  • Pages : 141

The vacuum-sealed packaging market is estimated to grow at a CAGR of 3.75% during the forecast period.

The expansion of the pharmaceutical sector throughout the world is one of the primary reasons driving the growth of the vacuum-sealed packaging market. The adoption of serialized medication tracking and tracing, as well as increased demand for drug delivery devices and blister packaging, drive market growth. The increase in mergers and acquisitions to support new needs and research and development of medications, as well as the increase in the number of modern manufacturing processes to generate sustainable and eco-friendly packaging solutions, all influence the market. Furthermore, advancements in new technologies, changes in consumer preferences, increased awareness, increased usage of smart packaging for patient involvement, and increased understanding of preventative healthcare all have a beneficial impact on the vacuum-sealed packaging industry.

Introduction:

Vacuum-sealed packing is a method of food preservation in which air is removed from the package before it is sealed. It produces a low-oxygen atmosphere, which aids in the preservation of perishable commodities. By eliminating the air, it prevents the growth of aerobic bacteria, which require oxygen to survive and cause food to spoil. It also reduces the danger of oxidation and the formation of mould and yeast. It is extensively used in the food sector to package a variety of items including meats, cheeses, fruits, and vegetables. It also has various advantages, like as keeping the freshness, taste, and nutritional content of the food. It also aids in the prevention of freezer burn in frozen foods. The industry is largely driven by rising demand for perishable food preservation and increased shelf life. Furthermore, vacuum-sealed packing generates a low-oxygen environment, which inhibits the growth of spoilage-causing microbes and lowers the risk of foodborne diseases, impacting market growth. Additionally, the increased use of e-commerce and online food delivery services is encouraging the use of vacuum-sealed packing, boosting the demand for efficient and secure packaging solutions to ensure product integrity during transportation, which is another important growth driver. Additionally, vacuum-sealed packaging helps protect the quality of food items, ensuring they reach customers in ideal condition, aligning with the rising consumer desire for convenience and quality, boosting market growth. Furthermore, growing awareness of environmental sustainability has resulted in the adoption of these packaging solutions to eliminate the need for preservatives and additives, resulting in an eco-friendly packaging solution and an optimistic market outlook.

Drivers:

  • The increasing demand from the food and beverages industry is likely to fuel market expansion: The increasing need for packaging solutions that keep items fresh while prolonging shelf life is affecting market growth. Furthermore, the packaging solution maintains the quality, taste, and texture of food goods for a prolonged length of time, giving producers a competitive advantage by offering customers longer-lasting and fresher products, so contributing to market development.
  • The rising adoption from the pharmaceutical industry is acting as a market driver: The enormous expansion and importance of vacuum packing in the increasing pharmaceutical industry are affecting market growth. It aids in the preservation of the potency and stability of pharmaceutical goods that are particularly vulnerable to oxygen and moisture, which can impair their effectiveness, hence adding to market growth. Furthermore, the growing demand for secure and dependable packaging solutions guarantees that pharmaceutical items reach customers in ideal condition, preserving therapeutic value and ensuring patient safety, constituting another important development factor.
  • Increasing demand for processed food is positively influencing the market dynamics: The growing demand for convenience foods and ready-to-eat meals throughout the world is driving up demand for vacuum packing. Processed food requires a longer shelf life as well as proper packaging. As a result, vacuum packing has emerged as an effective method to fulfil their increasing demands. Additionally, vacuum-sealed pouches provide clients with excellent convenience and portion control features. Furthermore, vacuum packing makes it simple to store and preserve pre-packaged meals or leftovers. Such vacuum-sealed packaging qualities are perfect for catering to changing consumer lifestyles, which is likely to boost the growth of the worldwide vacuum-sealed packaging market over the forecast period.
  • Recent technological advancements are propelling the market growth: Smart sensors integrated into vacuum-sealed packages may monitor and communicate real-time data on temperature, humidity, and gas composition, assuring ideal storage conditions and improving product quality control, impacting market growth. Furthermore, various technical improvements and the incorporation of modern equipment that combines precise controls and enables configurable vacuum levels and sealing settings adapted to individual product requirements are key growth-inducing elements.
  • Customization and branding are projected to provide prospects for growth in the worldwide market: Vacuum packaging solutions are being used by manufacturers for personalization and branding. Such packaging solutions enable them to develop distinctive branding strategies that assist businesses in differentiating their products and positioning them appropriately in the global vacuum-sealed packaging industry.

Products offered by key companies:

  • Vacuum Pack, Amcor plc: The vacuum packs feature the characteristic brick pack shape and provide excellent protection, shelf life extension, and transportation optimization. These have a variety of qualities such as metalized effects, matt or glossy finishes, and so on. Easy opening with peelable opening / reclosability through top tapes and metal-free standards are also available.

The prominent growth in the Food and beverages sector under the End-Use segment

The food industry category is projected to have a major market share and is likely to grow with a healthy CAGR over the forecast period. The food industry category in the vacuum-sealed packaging market is growing faster than other categories due to a variety of factors. Vacuum packing helps perishable food goods last longer by reducing oxygen exposure and preventing the growth of spoilage-causing microbes. It improves food safety and decreases food waste, both of which are major concerns in the food sector. Moreover, packaged foods are becoming an increasingly essential element of people's daily meals all across the world. With greater awareness of the usage of incorrect wrapping package materials that lead to chemical contamination and improved health awareness among customers, there is a growing need for hygienic packaging. This is likely to increase the need for vacuum packing, as it shields food goods from ambient gases, extending their shelf life. As a result, the growing use of vacuum packing by food producers and retailers to preserve product freshness and improve product presentation is propelling the expansion of this category.

The North American region is expected to hold a significant share of the vacuum-sealed packaging market:

The North American region is expected to have a major share due to the region's large food and beverage industry, which necessitates efficient packaging. People in North America have busy lifestyles and like easy food alternatives, therefore vacuum packing for ready-to-eat meals and packaged goods is popular. North America is also recognized for its emphasis on innovation and new technology, which aids in the growth of the vacuum-sealed packaging industry. It also has many key firms and a solid system for delivering vacuum-sealed packaging to clients quickly. As a result, the existence of important companies, as well as constant innovation in packaging materials and technologies, contribute to North America's market dominance in vacuum packaging.

Key developments:

  • Sainsbury's, a British grocery company, announced a new packaging type for their beef mince goods in February 2023 to decrease plastic waste. The plastic tray packaging has been replaced with a vacuum-packed version, which uses at least 55% less plastic. The vacuum-packed beef mince will be accessible both in-store and online, with the same quantity of product despite the smaller container.
  • Multivac released the Multivac thermoforming packaging machinery in December 2022. A novel approach to vacuum packing hot food without previously chilling it with the SFP Light steam flushing system. This saves energy and increases the shelf life of the food.

Segmentation

  • BY MATERIAL
    • Polyethylene (PE)
    • Polypropylene (PP)
    • Polyamide (PA)
    • Ethylene Vinyl Alcohol (EVOH)
    • Polyethylene terephthalate (PET)
    • Other
  • BY PRODUCT
    • Pouches & bags
    • Films
  • BY END-USE
    • Food Industry
    • Healthcare & Pharmaceuticals
    • Industrial
    • Others
  • BY GEOGRAPHY
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain  
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. VACUUM-SEALED PACKAGING MARKET, BY MATERIAL

5.1. Introduction

5.2. Polyethylene (PE)

5.3. Polypropylene (PP)

5.4. Polyamide (PA)

5.5. Ethylene Vinyl Alcohol (EVOH)

5.6. Polyethylene terephthalate (PET)

5.7. Other 

6. VACUUM- SEALED PACKAGING MARKET, BY PRODUCT

6.1. Introduction

6.2. Pouches & bags

6.3. Films

7. VACUUM- SEALED PACKAGING MARKET, BY END-USE

7.1. Introduction

7.2. Food Industry

7.3. Healthcare & Pharmaceuticals

7.4. Industrial

7.5. Others

8. VACUUM-SEALED PACKAGING MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain

8.4.6. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. Japan

8.6.2. China

8.6.3. India

8.6.4. South Korea

8.6.5. Taiwan

8.6.6. Thailand

8.6.7. Indonesia

8.6.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

10. COMPANY PROFILES

10.1. Sealed Air Corporation

10.2. Amcor plc

10.3. Berry Global Group

10.4. Schur Flexibles Holding GesmbH

10.5. Winpak Ltd.

10.6. Klöckner Pentaplast

10.7. Allfo GmbH & Co. KG

10.8. Plastissimo Film Co., Ltd.

10.9. Plastopil Hazorea Company Ltd.

10.10. The Vacuum Pouch Company Ltd.


Sealed Air Corporation

Amcor plc

Berry Global Group

Schur Flexibles Holding GesmbH

Winpak Ltd.

Klöckner Pentaplast

Allfo GmbH & Co. KG

Plastissimo Film Co., Ltd.

Plastopil Hazorea Company Ltd.

The Vacuum Pouch Company Ltd.