Global Vacuum Packaging Market Report: Material (Polyethylene (PE), and Polyamide (PA)), Packaging (Rigid Packaging, Flexible Packaging, a...

Vacuum Packaging Market Report Information by Key Players Bernis Company Inc.(U.S.), Amcor Ltd. (Australia), forecast till 2023

Global Vacuum Packaging Market Report: Material (Polyethylene (PE), and Polyamide (PA)), Packaging (Rigid Packaging, Flexible Packaging, and Semi-Rigid Packaging), Application (Pharmaceutical, Food, Industrial, and Consumer Goods) and By Region - Global Forecast to 2023.

Market Research Future
Vacuum Packaging Market

Vacuum Packaging Global Market – Overview
The Global Vacuum Packaging Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Vacuum Packaging will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).  
Vacuum packaging is a type of modified atmospheric packaging. Vacuum packaging removes atmospheric oxygen from the primary package, which is to be sealed. Oxygen is one of the primary sources of product degradation. The confiscation of the oxygen extends the product shelf life. Vacuum packaging is commonly used to protect consumable and non-consumable products.
The market is driven by factors such as increased consumption of processed food & beverages, rapid urbanization, and industrialization, increased government policies regarding food safety. Although, vacuum packaging market is expected to be hindered by the stringent regulations on packaging material waste and recycling.
The food & beverages industry has implemented vacuum packaging broadly across the globe due to some supplementary functionalities such as retention of the integrity of an artifact and prevents food decomposition, along with the amplified shelf life. Such possessions are superlative for the retail channels where fresh and processed food items need to be warehoused over an extensive period of time as well it permits the consumers to see and feel the product from the packaging. This propels the demand for vacuum packaging across the foods & beverages industry.
The European Union introduced certain measures on the management of packaging waste back in 1980s. There were rules set in Directive 85/339/EEC on the production, marketing, use, recycling and refilling of containers of liquids for human consumption and on the disposal of used containers. The directive has been amended since then and it was last amended in 2015. Such measures have been implemented across all the developed and recently in developing nations. This hampers the growth the growth of vacuum packaging market due to the use of various type of plastic grades in vacuum shrink and skin packaging and the recycling and waste management of plastic during the process of packaging.

Key Players: 

E. I. duPont de Nemours and Company (U.S.), Bernis Company Inc.(U.S.), Amcor Ltd. (Australia), Berry Plastic Corp. (U.S.), Linpack Packaging Ltd. (U.K.), Sealed Air Corp. (U.S.), Coveris Holdings (Luxembourg), Winpak, and Green Packaging Material (Jiangyin) Co., Ltd. (China). and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Vaccum Packaging Market.

Industry/ Innovation/ Related News:
The global vacuum packaging market is segmented by region as North America, Europe, Asia Pacific and Rest of the world. The Asia Pacific is referred as the largest & fastest growing market for the vacuum packaging market. The market is later followed by the Europe & North America owing to increase consumption of processed and packaged food. Asia Pacific region is maintaining its dominance in the market due to rise in population, increasing packaged & expediency food demand, and healthcare expenditure. Furthermore, the rapid increase in the industrialization in China, India, and Japan is predicted to propel the country level market of vacuum packaging. Whereas, Europe is stated as the subsequent largest market in terms of revenue after the Asia Pacific. The factor is influencing the emergence of the eco-friendly packaging technologies, which are cheaper and are manufactured from the recycled material.
In competitive landscape, the report studies the growth strategies adopted by the companies between 2015 and 2017. Key players adopted various strategies to retain and/or expand their market share. Key strategies followed by most companies within the global vacuum packaging market were mergers & acquisitions.
The major players operating in this market, who have adopted these strategies are Amcor Ltd., Berry Global Inc., Coveris Holdings S.A., and others.
Extensive research in this market has brought to light that entering into strategic mergers and acquisitions are the key strategies adopted by the major players in the global vacuum packaging market. This strategy has been adopted to expand the already existing operations, product line and technological advancement. Such mergers & acquisitions help the so formed company in taking advantage of the already existing geographical presence, market share and distribution channels. Further more the packaging companies have adopted expansionary measures such as investing in better machineries, increasing Asia-Pacificity of the facilities and cross border sales. Companies such as Amcor Ltd. (Australia), Berry Global Inc. (U.S.), Sealed Air Corporation (U.S.), Coveris Holdings S.A. (Luxembourg), Linpac Packaging Ltd. (U.K.), and Green Packaging Material (Jiangyin) Co., Ltd. (China) extensively follow strategy of expansion to cater to the increasing clientele.
Vacuum Packaging Market – Segmentation
The Global Vacuum Packaging Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Product Material: Comprises PE, PA, and others.
Segmentation by Packaging: Comprises Rigid Packaging, Flexible Packaging, and Semi-Rigid Packaging
Segmentation by Application: Comprises Pharmaceutical, Food, Industrial, Consumer Goods, and Others
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Vacuum Packaging Market: Regional Analysis
Asia pacific is referred as the largest & fastest growing market for vacuum packaging, followed by Europe & North America. Increasing population, rising packaged & convenience food demand, healthcare expenditure is driving the market in Asia-Pacific region. Moreover, rapid industrialization in China and India expected to propel the regional market in the forecast period. Furthermore, growing healthcare sector is expected to propel the pharmaceutical packaging demand in the region.
Whereas, Europe is referred as second largest market in terms of revenue. Factors such as emergence of eco-friendly packaging technologies, which are inexpensive and manufactured from recycled material are driving the market in Europe.