Anticipated to be valued at US$ 7.5 billion in 2022, the global vacuum packaging market is positioned for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 4.9%. The market is expected to witness further expansion, reaching a valuation of US$ 12.1 billion by the year 2032. This trajectory underscores the enduring demand for vacuum packaging solutions, highlighting their crucial role in preserving and extending the shelf life of various products across diverse industries. The steady CAGR reflects the market’s resilience and adaptability to evolving packaging needs, reinforcing its significance in the global packaging landscape.
In the United Kingdom, the vacuum packaging market is expected to register a robust Compound Annual Growth Rate (CAGR) of 3.3% during the forecast period. One of the key growth opportunities in the U.K. market is driven by the high preference for barrier packaging, particularly in the context of seafood products. The European Commission (EC) reports that individuals in Europe consume approximately 24 kilograms of fish or seafood per year. Moreover, household spending on meat and fish purchases in the U.K. reached Euro 23 billion and Euro 4 billion, respectively, in 2020. This heightened consumption of seafood, along with the demand for effective packaging to preserve its freshness, is expected to create a significant growth opportunity for the vacuum packaging market in the U.K. As the U.K. continues to embrace vacuum packaging for seafood and other food products, the market is poised for steady expansion.
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Competitive Landscape
- In August 2022, Amcor plc expanded its presence in Europe by acquiring a world-class flexible packaging plant located in the Czech Republic.
- In April 2022, Klockner Pentaplast expanded its capacity by adding rPET/PET capacity to its Beaver site which will help the company grow its sustainable healthcare and food packaging market in North America.
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.
Market Drivers:
- Extended Shelf Life: Vacuum packaging helps in extending the shelf life of perishable products by removing air and reducing oxygen levels, which slows down the oxidation and microbial growth processes.
- Preservation of Freshness: The vacuum packaging process helps maintain the freshness, flavor, and nutritional value of food products by minimizing exposure to air, moisture, and contaminants.
- Product Protection: Vacuum packaging provides a protective barrier against external factors such as light, humidity, and contaminants, safeguarding products during transportation and storage.
- Reduced Food Waste: By extending the shelf life and preserving the quality of food products, vacuum packaging contributes to the reduction of food waste throughout the supply chain.
- Consumer Convenience: Vacuum-sealed products often offer convenient packaging for consumers, allowing for portion control, easy storage, and hassle-free meal preparation.
- Innovation in Packaging Materials: Ongoing advancements in packaging materials and technology contribute to the growth of the vacuum packaging market, allowing for improved efficiency and sustainability.
Market Restraints:
- High Initial Costs: Implementing vacuum packaging systems can involve significant initial costs for equipment, materials, and training, which may act as a barrier for small and medium-sized enterprises.
- Environmental Concerns: Some traditional vacuum packaging materials may raise environmental concerns due to their non-biodegradable nature. However, there is an ongoing trend towards developing sustainable and eco-friendly packaging solutions.
- Equipment Maintenance Challenges: Maintaining and servicing vacuum packaging machinery can be complex, requiring skilled personnel and regular upkeep, which might pose challenges for some businesses.
- Limited Applicability: Vacuum packaging may not be suitable for all types of products. Certain items, such as those with sharp edges or irregular shapes, may not benefit as much from this packaging method.
- Regulatory Compliance: Adhering to stringent regulatory standards and ensuring compliance with packaging and labeling requirements can pose challenges for companies operating in the vacuum packaging market.
It’s important to note that market dynamics are subject to cha
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Vacuum Packaging Market by Category
By Materials
- Polyethylene (PE)
- Polypropylene (PP)
- Polyamide (PA)
- Ethylene Vinyl Alcohol (EVOH)
- Polyethylene terephthalate (PET)
- Other Plastics (PS, etc.)
By Product Type
- Pouches & bags
- Films
By End Use
- Food
- Non-Food
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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