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Global Future Trends In Vacuum Packaging Market
Global Future Trends in Vacuum Packaging Market is anticipated to reach US$ XX Bn by 2026 from US$ XX Bn in 2020 at a CAGR of XX% during the forecast period.
Vacuum packaging machines are been readily used in packaging of food and non-food products. Vacuum Packaging Machine is a device that removes air from the product package thus increasing the product shelf-life and is readily used by retailers, shops, supermarkets, hypermarkets, etc. it is also used for pharmaceuticals packaging, cosmetics and personal care products packaging. The packaging procedure involves an inner packaging process, where the packaging material is in direct contact with the product. These materials are selected to serve specific purposes, such as protection from microbes, maintain ambient temperature of packaged products (largely food) and also for aesthetic appeal in certain cases.
Global Future Trends in Vacuum Packaging Market Dynamics
The increase in the consumption of packaged foodstuffs owing growing demand for hygienic and quality products from the busy and better-informed consumers and the growth of modern retail trade is ...
... primarily driving the growth of the vacuum packaging market.
The vacuum packaging market is undergoing a huge technological advancement. Innovative and new developments such as light-weight packaging and recyclable packaging are influencing the market growth.
The emergence of eco-friendly materials for vacuum packaging and the growth of the supermarkets and retailers create favorable growth opportunities for the vacuum packaging market.
On the other hand, Growing awareness about the environmental harms of plastic hinders the growth of the vacuum packaging market.
Key Market Trends
The growing awareness concerning the use of inappropriate wrapping packaging materials that lead to chemical contamination and the increase in health consciousness among the customers, there is a growing need for hygiene packaging. This is expected to drive the need for vacuum packaging as it protects food products from atmospheric gas, in turn, extending the shelf life of such products.
The vacuum packaging has the potential to minimize food waste. For instance, by using plastic vacuum skin packaging for meat can increase the shelf life from two to three days, if wrapped in paper, to sixteen days and more, thus, reducing food waste by a staggering 75%.
Global Future Trends in Vacuum Packaging Market Segment Analysis:
Global Future Trends in Vacuum Packaging Market
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On the basis of material,The Polyethylene (PE) segment is expected to dominate the share of XX% of global market. In forecast period, as this type of plastic is approved by the FDA and health-safety agencies throughout the world. It is a very strong and inert material that does not react with foods, is resistant to attack by micro-organisms, and will not degrade biologically.
Global Future Trends in Vacuum Packaging Market, by region
Asia Pacific is expected to account for the largest market share of xx% during the forecast period.
Asia Pacific is expected to account for the largest market share of xx% by 2026 with CAGR of XX% during the forecast period.In Asia-Pacific, factors such as the increasing population, rising demand for packaged food items, and rapid industrialization in developing economies are expected to propel the market in the region. Additionally, the rising per capita disposable income and changing preferences and lifestyle of consumers also have a positive influence on the growth of the market in the region. China, India, and Japan are the key countries that contribute significantly to the vacuum packaging market in the region. Moreover, many global companies operating in the food industry have set up their factories in developing economies such as China and India. Such factors raise the demand for vacuum packaging in the region.
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Global Future Trends in Vacuum Packaging Market1
Future Trends in Vacuum Packaging Market, by Region
• North America
• Middle East & Africa
• South America
Future Trends in Vacuum Packaging Market Key Players
• Berry Plastics Corporation
• Sealed Air
• Multisorb Technologies
• Coveris Holdings
• CVP Systems Inc.
• Linpac Packaging Limited
• Coveris Holding S.A.
• Amcor Group
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