Market Overview

Vacuum packaging is a technology in which air is removed in order to block the growth of oxygen-breathing microbes, which spoil the product. The purpose of vacuum packaging is to eliminate oxygen from the package. Removal of inner oxygen results in a longer shelf life. It is essential that the accurate incorporation of the product, process, package, and distribution exists in the supply chain to avoid recontamination. The global vacuum packaging market is gaining momentum primarily due to the increasing demand for sanitary packaging in various sectors. A prominent disadvantage of vacuum packaging includes the loss of preservation once the package is opened.

Major drivers for the vacuum packaging market include the demand for hygienic packaging, manufacturers’ demand of longer shelf-life, a shift toward easy-to-handle & convenient packaging, and growth of end-use industries.

Request Copy Of This Business Report:https://www.coherentmarketinsights.com/market-insight/vacuum-packaging-market-724

Market Dynamics

Asia Pacific is a major player in the global vacuum packaging market. The market growth is driven by factors such as high demand for packaged food, elevated healthcare expenditure, and rapid urbanization & industrialization in China and India. The augmented use of vacuum packaging in various end-use industries such as pharmaceuticals is projected to propel the growth of the vacuum packaging market

Europe accounts for a large market share due to the presence of major packaged food and pharmaceutical manufacturers in this region on account of large packaged and processed food demand. Growing healthcare sector is also expected to propel the pharmaceutical packaging demand in the region. According to the Population Reference Bureau, Statistics Canada and EU, the geriatric population stood at 51 million in North America and 94 million in Europe as of 2016, which has boosted the pharmaceutical industry

Vacuum Packaging Market Taxonomy

On the basis of Packaging Material, the market is segmented into:

Polyethylene

Polyamide

Ethylene Vinyl Alcohol

Others

On the basis of Machinery used, the market is segmented into:

Thermoformers

External Vacuum Sealers

Tray Sealing Machines

Others

On the basis of packaging type, the market is segmented into:

Flexible Packaging

Semi-rigid Packaging

Rigid Packaging

Some of the key players in the vacuum packaging market include 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.


About Coherent Market Insights:-

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Contact Us:

Name: Mr. Shah

Phone: US +12067016702 / UK +4402081334027

Email: [email protected]

Visit Our Blogs:https://blog.coherentmarketinsights.com