Global Vacuum Packaging Market
Summary
Global Vacuum Packaging Market Research Report: Information by Material Type
(Polyethylene, Polypropylene, Polyamide, Ethylene Vinyl Alcohol and others),
Process (Skin Global Vacuum Packaging, Shrink Global Vacuum Packaging and
others), Packaging (Flexible Packaging, Semi-Rigid Packaging and Rigid
Packaging), Application (Food, Pharmaceuticals, Industrial Goods and others),
Region (North America, Europe, Asia-Pacific, Rest of the World) - Forecast till 2025
Overview
Global Vacuum Packaging market is expected to grow at a CAGR of 5.10% during the
forecast period.
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The urban transition and economic growth have been linked with each other because
economic development fuels urbanization. General trends in urbanization are linked to
sustainable development of a country. The increasing concentration of people in urban
areas can facilitate economic and social development, while offering opportunities to
reduce the impact of consumption and production on the environment. This leads to a
general change in the preferences of the consumers as well as brings change in the
consumption patterns.
Segmentation:
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 Global 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 Global 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.
Regional Analysis:
Asia pacific is referred as the largest & fastest growing market for Global 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.
Industry/ Innovation/ Related News:
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 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.
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