Pune, India -- (SBWire) -- 04/29/2019 --Infinium Global Research has added a new report on Global Vacuum Packaging Market. The report covers the analysis of global as well as regional markets of vacuum packaging. Moreover, the report gives insights into the factors that affect the global as well as the regional performance of the market in the short run and in the long run.
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Vacuum Packaging Market: Industry Insights
Vacuum packaging is defined as the process of packaging in which air is removed from the package prior to sealing. Vacuum packaging is done to extend the shelf life of food by removing oxygen from the container with the flexible packing to reduce the volume of package and content. Oxygen is removed from the container to prevent food from the evaporation of volatile components and reduce the growth of fungi and aerobic bacteria which damages the food. The products that are used for the vacuum packaging are plastics, bottles, canisters and mason jars.
Vacuum Packaging Market: Drivers and Restraints
Increasing demand for processed and packaged food with surging the growth of food industry tends to the growth of the global vacuum packaging market. Growing demand for flexible packaging due to easy to handle and convenient packaging features drives the growth for the vacuum packaging market. Increasing awareness for health consciousness for the hygienic and package food implies the growth of the market. Strict government regulation in developing countries regarding the usage of plastic in the packaging industry as it is a major hurdle for the environment may hamper the growth of the vacuum packaging market.
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Vacuum Packaging Market: Segmentation
Vacuum Packaging Market is segmented on the basis of Material, Packaging, and Application. Material types are further segmented into Polyethylene (PE), Polypropylene (PP), Polyvinylchloride (PVC), Polyester (PET), and other materials, in which polyethylene (PE) holds highest market share in the vacuum packaging market due to the increasing demand and adoption of plastics as it is cost effective and flexibility for packaging implies the growth of the polyethylene (PE) segment in global plastic additive market. By packaging, it is bifurcated into Rigid Packaging, Flexible Packaging and Semi-Rigid Packaging in which flexible packaging is expected to grow with the highest share due to ease and handy features for the packaging industry. Application is segmented into Food, Pharmaceuticals, Industrial Processing, Industrial Goods, Consumer Goods, and Other applications, in which food packaging segment holds highest due to tremendous demand in the food and beverage industry for the packaged food to contribute the extend life of food.
Vacuum Packaging Market: Regional Insights
Vacuum Packaging Market is segmented regionally into North America, Europe, Asia-Pacific and Rest of World (RoW). Asia-Pacific holds the highest market in the Global Vacuum Packaging Market due to increase in demand for hygienic packaging and packaged food in the Asia-Pacific region. In Asia-Pacific, China dominates the market followed by India and Japan. Europe holds the second position in the global vacuum packaging market and also expected to grow with the highest CAGR during 2018-2025. Growing awareness regarding health consciousness and demand for the hygienic food packaging tends to boost the growth for vacuum packaging market in Europe.
Vacuum Packaging Market: Competitive Analysis
The Global Vacuum Packaging Market comprises with the players, Amcor Limited, Bemis Company, Inc., Berry Plastics Corporation, Sealed Air Corporation, Coveris Holdings S.A., CVP Systems, Inc., LINPAC Packaging Limited, Multisorb Technologies, Inc., ULMA Packaging, S.Coop and Orics Industries, Inc. Product innovation and acquisitions & mergers are the key parameters to remain competitive and to gain greater market share.
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