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Vacuum Packaging Market by Packaging Material, by Type, by Machinery, by Process, by Application & Region - Global Forecast to 2020

Vacuum Packaging Market: Global Forecast until 2020

  • October 2015
  • 244 pages
  • ID: 3358269
In this report:
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Vacuum packaging has become a promising packaging solution to assure product safety for longer durations. The increasing awareness of safe and high-quality packaged food in emerging economies is one of the main driving forces providing significantly towards the rise of the vacuum packaging sector. Consumer expectations concerning hygienic packaging of products is on a continual increase as they expect their products to be healthy, safe, minimally processed, and attractively packed, while at the same time, they want more convenient, easy-to-serve products with good storage characteristics. They also want the products to be of optimum quality and freshness. Vacuum packaging, through removal of moist air, ensures good product quality and extended shelf-life, thus gaining strong demand in the packaging market.

The vacuum packaging market is forecasted to reach a market value of ~$27.7B by 2020. Vacuum packaging finds wide application in food, pharmaceuticals, industrial goods, and consumer goods. It plays a vital role in preserving perishable products from outside influences & damage and retains the quality and freshness for longer durations by inhibiting the increase of spoilage organisms, which in turn helps reduce waste caused due to spoilage. The objective of the vacuum packaging market is to provide a cost-effective packaging solution that satisfies the industry requirements and consumer desires, maintains product safety, and minimizes any environmental impact.

Industry top players in the vacuum packaging sector have a diversified product portfolio, capital for extensive research & development, and the financial strength to sustain them. Since the production of vacuum packaging requires a big space and expensive equipment, new sector entrants find it hard to compete against established actors. Recent product launches and business developments are the top strategies approved by market actors to extend their business in the vacuum packaging market.

The top players in the vacuum packaging market contain Amcor Limited, Bemis Company, Incorporated, Berry Plastics Corporation, Sealed Air (NYSE:SEE), Linpac Packaging Limited, Multisorb Technologies, Incorporated, Coveris Holding SA, CVP Systems Inc., Ulma Packaging, and SCOOP, and Orics Sectors, Incorporated.

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