A method of removing air from a pack before closing is known as vacuum packaging. By bringing the packing material into close contact with the product, the technique's principal goal is to remove oxygen from the air. Additional benefits of this kind of packaging include enhancing the rigidity of flexible containers and decreasing bulk.
Vacuum Packaging Market valued at US $31.2 Billion in 2022 is anticipated to reach a value of US $42.70 Billion in 2030, growing at a CAGR of 4%.
Biodegradable and bio-based polymers are being used in the development of new food packaging technologies to satisfy consumer and industry demand. The creation of smart packages that may successfully increase the shelf life of food goods, preserve quality, and lessen the negative environmental effects of packaging is being facilitated by advances in fields like biotechnology and nanobiotechnology. A strong option to protecting the environment and giving economic value to underutilised products and industrial waste materials is the development of innovative eco-friendly packaging employing biodegradable and renewable materials.
A consistent desire for ready or on-the-go meals has also been seen, particularly among customers with hectic lifestyles. The demand for frozen food is increasing as a result of changing lifestyles and busy schedules. Thus, this method makes packaging affordable and is expected to grow over the projection period.
One of the issues the healthcare sector faces is the requirement to maintain the sterility of medical equipment. Vacuum packaging is essential in protecting these tools from oxygen exposure because it can negatively affect the drug's consistency.
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Segmentation Analysis of Global Vacuum Packaging market:
Based on packaging material
- Polyethylene
- Polyamide
- Ethylene vinyl alcohol
- Other
Based on machinery use
- Thermoforms
- External vacuum sealers
- Tray sealing machines
- Others
Based on packaging type
- Flexible packaging
- Semi-rigid packaging
- Rigid packaging
- Others
Based on end-user
- Food
- Pharmaceuticals
- Industrial goods
- Ohers
Competitive Landscape:
The Key players in the Global Vacuum Packaging Market are Amcor Limited, Bemis Company, Inc., Berry Plastics Corporation, Sealed Air Corporation, Linpac Packaging Limited, Multisorb Technologies, Inc., Coveris Holding SA, CVP Systems Inc., Ulma Packaging, SCOOP, and Orics Industries, Inc.
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Major questions answered in this report:
- What is the growth rate of this Market?
- What are the primary growth determinants of the Global Vacuum Packaging market?
- Which are the major regions constituting the geographical landscape of Global Vacuum Packaging Market?
- Which are the prominent companies operating in Global Vacuum Packaging Market?
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