Vacuum Packaging - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

The Vacuum Packaging Market size is estimated at USD 29.29 billion in 2024, and is expected to reach USD 35.17 billion by 2029, growing at a CAGR of 3.73% during the forecast period (2024-2029).

Vacuum packing is a technique that eliminates air from a product before sealing it, creating a partial vacuum inside the packaging. This procedure contributes to the extension of the shelf life of numerous products.

Key Highlights

• In recent years, the vacuum packing industry has grown steadily. This is due to the rising demand for convenience foods, increased awareness about food waste reduction, and the necessity for effective packaging solutions to extend product shelf life.
• The growing demand for packaged food and increasing awareness of food safety are major drivers of the vacuum packaging market. Consumers are becoming more aware of the importance of food safety and hygiene. By reducing the danger of contamination, vacuum packing is important in preserving food safety. It assists in preserving food freshness and quality by minimizing the possibility of bacterial development and deterioration.
• The increasing demand for hygienic and convenient packaging is a significant driver of the vacuum packaging market. Vacuum packing helps preserve product hygiene and integrity by providing a sealed environment. By eliminating air from the container, the product is less exposed to external pollutants such as germs, mold, and moisture. As a result, vacuum-sealed packaging is ideal for perishable commodities such as food, medicines, and medical devices, where cleanliness is critical.
• The high cost of the vacuum packaging process can significantly restrain the vacuum packaging market. Vacuum packing necessitates using specialized equipment and technology such as vacuum sealers, vacuum chambers, and vacuum pumps. These devices can be costly to acquire, especially for small and medium-sized organizations. The expense of obtaining and maintaining this equipment might be a barrier to entry for certain companies, restricting their adoption of vacuum packing solutions.
• During the COVID-19 pandemic, there was a significant rise in packaged food demand as consumers turned to at-home cooking and decreased dining out. This growth in demand for packaged food goods demanded more efficient packaging techniques, such as vacuum packing, to ensure food safety, prolong shelf life, and fulfill higher production needs. Post Pandemic, the market is expected to adapt and innovate to meet these evolving requirements as consumers and food manufacturers continue to prioritize safe and efficient packaging solutions.

Vacuum Packaging Market Trends

Food Segment is Expected to Hold Significant Market Share

• The food segment is expected to be a significant and dominant sector within the vacuum packaging market. By removing air and sealing the package, vacuum packaging helps inhibit the growth of spoilage-causing bacteria and extends the shelf life of perishable items. It helps maintain food's taste, texture, and nutritional value, making it a preferred choice for many food manufacturers.
• Vacuum packaging is used across various food categories, including fresh produce, meat and poultry, seafood, dairy products, bakery items, ready-to-eat meals, and more. It is suitable for raw and cooked foods, allowing for packaging a diverse range of products. Vacuum-sealed packages protect against external contaminants, such as air, moisture, and odors, which helps maintain the quality and safety of packaged food.
• Vacuum packaging is widely used in the meat industry to extend the shelf life of products, maintain freshness, and prevent spoilage. The vacuum-sealed packages help preserve the meat's color, flavor, and texture, making it an appealing choice for consumers. According to OECD and FAO, between 2016 and 2022, meat production volume increased from 317 million metric tons to about 345 million metric tons.
• Vacuum packaging contributes to food safety by minimizing the risk of bacterial growth and contamination. Removing the air and sealing the package creates a barrier against external pathogens, making it reliable for maintaining food safety and hygiene. This is especially important for perishable and easily spoiled food items.
• Vacuum packaging significantly extends the shelf life of food products, reducing food waste and improving sustainability. By reducing exposure to oxygen, vacuum-sealed packages slow down the natural deterioration processes, including spoilage, discoloration, and texture changes. These benefits manufacturers and retailers by reducing product losses and addressing the global issue of food waste.

North America is Expected to Hold a Significant Market Share

• The North American vacuum packaging market is driven by the dominant food industry, technological advancements, a focus on sustainability, and the need for reliable packaging solutions in the healthcare and pharmaceutical sectors. As consumer preferences and regulatory requirements evolve, the market is expected to witness further growth and innovation in the coming years.
• The region's busy lifestyles, changing consumer preferences, and the growing demand for convenience foods have fueled the need for effective packaging solutions like vacuum packaging. The industry also strongly emphasizes food safety and quality, driving the adoption of vacuum packaging to protect and preserve food products.
• North America is known for its technological advancements and innovations in packaging. Manufacturers in the region have introduced advanced vacuum packaging technologies that help enhance product preservation, improve shelf life, and address specific packaging requirements.
• In recent years, there has been an increased focus on sustainable packaging practices in North America, driven by environmental concerns and changing consumer preferences. This has led to the development of eco-friendly vacuum packaging solutions, such as recyclable films and materials. Manufacturers are actively working towards reducing the environmental impact of packaging, including vacuum packaging, by adopting sustainable practices and materials.

Vacuum Packaging Industry Overview

The vacuum packaging market is highly fragmented with the presence of major players like Amcor Limited, Sealed Air Corporation, Berry Global Inc., Coveris Holdings S.A., and Swiss Pac Pvt Ltd, among others. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

In February 2023, SEE announced that it had completed the acquisition of Liquibox. Liquibox is a Bag-in-Box sustainable fluids and liquids packaging and dispensing solutions pioneer, developer, and producer for fresh food, beverage, consumer products, and industrial end-markets. This purchase accelerates the CRYOVAC brand Fluids and Liquids business, SEE's one of the fastest-growing divisions.

In September 2022, Mondi collaborated with Handl Tyrol, an Austrian bacon manufacturer, to develop a novel mono-material polypropylene (PP) high-barrier packaging solution for bacon. The wood appearance material assures safe vacuum packing and protects food waste.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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