Vacuum Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Vacuum Packaging Market Growth and it is segmented by End-user Industry (Food, Healthcare, Pharmaceuticals, Industrial), Geography (North America (United States, Canada), Europe (Germany, France, United Kingdom, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Latin America (Mexico, Brazil, Argentina, Rest of Latin America), Middle East Africa (South Africa, Rest of Middle East and Africa). The market size and forecasts are provided in terms of value in USD for all the above segments.

Vacuum Packaging Market Size

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Vacuum Packaging Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 29.29 Billion
Market Size (2029) USD 35.17 Billion
CAGR (2024 - 2029) 3.73 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Vacuum Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Vacuum Packaging Market Analysis

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.

  • 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.
Vacuum Packaging Market - Production of Meat, in Million Metric Tons, Global, 2016-2022

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 Market - Growth Rate by Region

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.

Vacuum Packaging Market Leaders

  1. Amcor Limited

  2. Sealed Air Corporation

  3. Berry Global Inc.

  4. Coveris Holdings S.A.

  5. Swiss Pac Pvt Ltd

*Disclaimer: Major Players sorted in no particular order

Vacuum Packaging Market Concentration
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Vacuum Packaging Market News

  • April 2023: Stora Enso's Trayforma BarrPeel is an innovative, easy-peeling board material for vacuum skin packs that allows for the packing of fresh food on recycled paperboard trays. Trayforma BarrPeel helps brand owners achieve their sustainability goals by removing plastic from less than 10% of the tray.
  • August 2022: A Swedish roaster, Arvid Nordquist, partnered with packaging business Syntegon to use vacuum coffee packaging technology to reduce CO2 emissions and fossil-based film utilization.

Vacuum Packaging Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Threat of New Entrants

      2. 4.2.2 Bargaining Power of Buyers/Consumers

      3. 4.2.3 Bargaining Power of Suppliers

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Impact of COVID-19 on the Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Growing Demand for Packaged Food Coupled with Increasing Awareness Towards Food Safety

      2. 5.1.2 Increasing Demand for Hygienic and Convenient Packaging

    2. 5.2 Market Restraints

      1. 5.2.1 High Cost of the Process

  6. 6. MARKET SEGMENTATION

    1. 6.1 By End-user Industry

      1. 6.1.1 Food

      2. 6.1.2 Healthcare and Pharmaceutical

      3. 6.1.3 Industrial

      4. 6.1.4 Other End-user Industries

    2. 6.2 By Geography

      1. 6.2.1 North America

        1. 6.2.1.1 United States

        2. 6.2.1.2 Canada

      2. 6.2.2 Europe

        1. 6.2.2.1 Germany

        2. 6.2.2.2 France

        3. 6.2.2.3 United Kingdom

        4. 6.2.2.4 Rest of Europe

      3. 6.2.3 Asia-Pacific

        1. 6.2.3.1 China

        2. 6.2.3.2 Japan

        3. 6.2.3.3 India

        4. 6.2.3.4 Rest of Asia-Pacific

      4. 6.2.4 Latin America

        1. 6.2.4.1 Mexico

        2. 6.2.4.2 Brazil

        3. 6.2.4.3 Argentina

        4. 6.2.4.4 Rest of Latin America

      5. 6.2.5 Middle East Africa

        1. 6.2.5.1 South Africa

        2. 6.2.5.2 Rest of Middle East and Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Amcor Limited

      2. 7.1.2 Sealed Air Corporation

      3. 7.1.3 Berry Global Inc.

      4. 7.1.4 Coveris Holdings S.A.

      5. 7.1.5 Swiss Pac Pvt Ltd

      6. 7.1.6 M&Q Packaging LLC

      7. 7.1.7 Dow Inc.

      8. 7.1.8 Klockner Pentaplast Group

      9. 7.1.9 Plastopil Ltd.

      10. 7.1.10 Mondi Group

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Vacuum Packaging Industry Segmentation

Vacuum Packaging is a technique of removing air from a pack before sealing. Its principal purpose is to remove oxygen by pulling the packaging material into intimate contact with the product. This packaging offers additional advantages, such as reducing the volume and improving the rigidity of flexible packages.

The Vacuum Packaging Market is segmented by End-user Industry (Food, Healthcare and Pharmaceuticals, Industrial), Geography (North America (United States, Canada), Europe (Germany, France, United Kingdom, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Latin America (Mexico, Brazil, Argentina, Rest of Latin America), Middle East Africa (South Africa, Rest of Middle East and Africa). The market sizes and forecasts are provided in terms of value in USD for all the above segments.

By End-user Industry
Food
Healthcare and Pharmaceutical
Industrial
Other End-user Industries
By Geography
North America
United States
Canada
Europe
Germany
France
United Kingdom
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Argentina
Rest of Latin America
Middle East Africa
South Africa
Rest of Middle East and Africa
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Vacuum Packaging Market Research FAQs

The Vacuum Packaging Market size is expected to reach USD 29.29 billion in 2024 and grow at a CAGR of 3.73% to reach USD 35.17 billion by 2029.

In 2024, the Vacuum Packaging Market size is expected to reach USD 29.29 billion.

Amcor Limited, Sealed Air Corporation, Berry Global Inc., Coveris Holdings S.A. and Swiss Pac Pvt Ltd are the major companies operating in the Vacuum Packaging Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Vacuum Packaging Market.

In 2023, the Vacuum Packaging Market size was estimated at USD 28.24 billion. The report covers the Vacuum Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Vacuum Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Vacuum Packaging Industry Report

Statistics for the 2024 Vacuum Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vacuum Packaging analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Vacuum Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)