USD 31.20 Billion
Report ID:
SQMIG15H2073 |
Region:
Global |
Published Date: January, 2025
Pages:
189
|Tables:
92
|Figures:
71
Global Vacuum Packaging Market size was valued at USD 31.20 Billion in 2023 poised to grow from USD 32.45 Billion in 2024 to USD 44.41 Billion by 2032, growing at a CAGR of 4% in the forecast period (2025-2032).
The increasing demand for longer food product shelf lives is one of the main factors propelling the vacuum packaging industry. As it eliminates oxygen from the container, vacuum packaging helps to keep food items fresh and high-quality while extending their shelf life and decreasing the likelihood of spoiling. As people are now being concerned about the food safety and hygiene issues, they have now begun choosing vacuum-packaged products more and more. The principal difference in vacuum-packaging income regarding the safety and sanitation for food items from outside contaminants is increased reduction of foodborne disease risk. It becomes the hardest packaging option not only to store but also to transport.
A practical answer that meets the changing needs of customers is hoover packing, which lowers the amount of packaged goods and makes them simpler to store and move. The food and beverage, pharmaceutical, and electronics end-use industries are among the many that are driving the market for vacuum packing. The advantages that vacuum packaging provides, such as defence against moisture, oxygen, and other environmental elements, are responsible for this. Various advantages are essential for preserving the integrity and quality of goods in various sectors. The global vacuum packaging market has grown as a result of technological developments in packaging materials.
Market snapshot - (2025-2032)
Global Market Size
USD 31.20 Billion
Largest Segment
Skin Vacuum Packaging
Fastest Growth
Shrink Vacuum Packaging
Growth Rate
4% CAGR
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The global vacuum packaging market is segmented based on process, packaging material, application, and region. In terms of process, the market is trifurcated into skin vacuum packaging, shrink vacuum packaging, and traditional vacuum packaging. Based on packaging material, the market is grouped into polyethylene, polyamide, ethylene vinyl alcohol, and others. Based on application, the market is segmented into food, pharmaceuticals, industrial goods, and consumer goods. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Central & South America and the Middle East & Africa.
Analysis by Process
As per categorization by process, the market is classified as skin vacuum packaging, shrink vacuum packaging, and traditional vacuum packaging. Among these, skin vacuum packaging earned the largest share and continues to hold the dominant global vacuum packaging market share. Skin vacuum packaging is entirely transforming the global vacuum packaging market as it can preserve freshness of food and increase shelf life while improving presentation. It tightly seals the packaged product perfectly according to the backing materials to expose it to the least amount of air and very well protect it. It has requirements due to the increasing demand for maintaining hygiene and extended storage of different foods, particularly meat, seafood, and dairy products. As a strong clear, attractive display assures its consumer appeal, it is therefore being adopted as a common option within retail sectors.
Shrink vacuum packaging is poised to be the fastest-growing segment in the global vacuum packaging market due to its exceptional adaptability and efficiency in protecting a wide variety of products. It molds closely to product contours that adds to the aesthetic value reducing void space thus improved logistics efficiency. It is most preferred in the industries, such as food and pharmaceuticals, where durability, hygiene, and visual presentation matter. Shrink vacuum packaging is fast growing due to the high demand from consumers for value-for-money, easy-to-use, and pleasing-to the-eye packaging coupled with the awareness it creates in prolonging product shelf life, reducing wastage, and keeping freshness intact.
Analysis by Packaging Material
Polyethylene (PE) is at the forefront of innovation in the global vacuum packaging market due to its versatility, cost-effectiveness, and excellent barrier properties. Widely adapted in food and drug as well as industrial applications, it has flexibility, durability, moisture resistance, and contamination resistance. Innovations such as multi-layered PE films will enhance both product conservation and visual appeal, thus catering to consumer and industry demands. Their dominance is attributable to recyclability, affordability, and wide application in forms such as skin and flexible packaging. As sustainability trends unfold, PE's lightweight nature and potential for bio-based alternatives strongly position it in the market.
Polyamide (PA) is expected to be the fastest-growing material in the global vacuum packaging market due to its superior mechanical strength, flexibility, and excellent barrier properties against oxygen and aroma loss. It is extremely durable; therefore, it is suitable for vacuum-sealed puncture-proof products, i.e., meat, cheese, and frozen dishes. Innovations in co-extruded films incorporating polyamide are boosting its appeal by improving shelf life and product protection. As demand for high-performance, lightweight, and sustainable packaging rises, PA’s ability to enhance freshness and meet evolving regulatory standards positions it as a key material driving growth in the vacuum packaging industry.
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The Asia Pacific region dominates the global vacuum packaging market due to its booming food and beverage industry, driven by a growing population, urbanization, and rising disposable incomes. The countries, such as China and India, have been demonstrating a strengthening demand for packaged and processed foods which has boosted acceptance of vacuum packaging. Rapid industrialization and the advancement of packaging technologies, along with the investments made in manufacturing infrastructure, have developed strong regional production capabilities. Shelf-life extension and waste reduction are strong regional drivers aligned with vacuum packaging benefits. Besides, Asia Pacific's market predominance is due to a relatively greater key player presence and proper manufacture costs.
North America is the fastest-growing region in the global vacuum packaging market due to increasing demand for sustainable and high-quality food packaging solutions. The increasing preference for ready-to-eat meals, frozen foods and fresh produce has resulted in increased vacuum adoption among food producers since it prolongs the shelf-life of various products while minimizing waste. Degenerative regulations associated with food hygiene and safety alongside the aforementioned factors further encourage the advanced food processing industry in this region. Furthermore, new materials and techniques incorporated into packaging give their way toward the booming e-commerce and retail sectors, thus maximizing demand. Also, packaging solutions boost eco-friendliness with the associated consumer and industry changing sustainability goals, resulting in the expanding market.
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Drivers
Growing Demand for Extended Shelf Life
Rising Focus on Sustainability
Restraints
Environmental Concerns Over Plastic Waste
Limited Compatibility with Certain Products
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The global vacuum packaging market is largely competitive, where companies are engrossed in product and innovation, sustainability, and widening their product portfolio. Key international players in vacuum packaging include Amcor Limited, Sealed Air Corporation, Berry Global Inc. and Mondi Group, which all have a considerable size of advanced packaging solutions at sky-high levels. These companies are active in strategic partnerships, acquisitions, and research and development to ensure that they are forefront in maintaining their market leadership. In addition, emerging regional players have instituted stiff competition by offering cost-effective and green alternatives, making the whole market dynamic and continuously changing.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, the global vacuum packaging industry is experiencing robust growth, driven by increasing demand for longer shelf life, food safety, and convenience. Innovations such as skin and shrink vacuum packaging, along with eco-friendly materials like polyethylene and polyamide, are key contributors.
To add fuel to it, the development in packaging technology progressions and trends in sustainability fuel the market growth. As consumers will become more inclined toward high-grade, green packaging solutions, vacuum packaging would ensure its stronghold in various sectors by maintaining the product intact with freshness and reducing waste, which in turn would benefit industries like food, pharmaceuticals, and electronics.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 31.20 Billion |
Market size value in 2032 | USD 44.41 Billion |
Growth Rate | 4% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Vacuum Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Vacuum Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vacuum Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Vacuum Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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