Vacuum Packaging Market Research Report, Trends, Analysis and Forecast to 2022

Vacuum packaging is a modern method for packaging food and various other products. The process involves withdrawal of the air included in the package and then sealing it. Vacuum packaging is a general technique of extending the shelf life of food related products without adversely impacting their quality. It is an efficient way of decreasing food spoilage, but also generates situations which assist in the growth of anaerobic organisms. This packaging is highly used in the food & beverage industry across the globe due to various benefits associated with it such as increased shelf life, protection of products from dust, humidity, insects, and other external elements, abolition the need for chemical preservatives. Such packaging also allows the patrons to see and feel the product from the packaging itself. It reduces the atmospheric oxygen, limiting the growth of aerobic bacteria or fungi, and preventing the evaporation of volatile components. Vacuum sealing greatly extends the lifespan of several different kinds of food such as cheese, meat, soup, and many others. This method is used in commercial and residential applications to preserve food. Vacuum packaging products using bottles, plastic bags, canisters, or mason jars, are obtainable for home use. 

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An important benefit of vacuum packaging is that the pack volume is practically the same as the product volume, with no ‘empty’ space inside the pack. Though, this also means that products such as joints of meat are of unequal size, making them complicated to display. Dry goods such as pasta lend themselves well to vacuum packaging. Products such as dried yeast and ground coffee can be crammed in normal brick-shaped packs, hence minimizing storage and distribution costs. Furthermore, vacuum packaging offers several benefits to the retailers such as it increases shelf life, reducing the volume, improving the rigidity of flexible packages, reduces product loss, seals barrier from external elements, improves product presentation and requires no chemical preservatives. The “Global Vacuum Packaging Market” is estimated at $23.56 billion in 2016 and is expected to reach $32.12 billion by 2022 growing at a CAGR of 5.3% from 2016 to 2022.

Over the past few years, vacuum packaging has become an encouraging packaging solution to assurance product safety and protection for longer periods. The increasing awareness of consistent and superior-quality packaging food in emerging economies is one of the major factors contributing appreciably for the growth of the vacuum packaging market. Owing to rapid urbanization and industrialization the vacuum packaging market is undergoing technological advancements. New and innovative developments which include fabrication of vacuum packages that holds recyclable packaging and light-weight packaging are accumulating value to the vacuum packaging market. 

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This market has grown at a rapid pace over the past few years and is likely to observe stupendous growth in future. Moreover, this technique is used in various end-use industries such as food, global pharmaceutical packaging market, industrial, and consumer goods packing. High growth of end-use industries is expected to propel the demand over the next seven years. Increased disposable income, healthcare expenditure, and increased population are some of the factors driving the end-use industries, which in turn are expected to fuel product growth in future. 

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Vacuum packaging market in Asia Pacific is anticipated to have considerable growth over the forecast period, due to growing urbanization, rapidly progressing food industry and rising expenditure on food. The food industry in the Asia Pacific region is gigantic in size and is, therefore, a key element in the growth of vacuum packaging market in this region. In addition, the growing expansion of the food and beverage industry in several Asian countries such as China, India, and Indonesia are creating favourable growth opportunities for the Asia Pacific vacuum packaging market. Asia pacific region is mainly driven by the developing nations such as China, India, and other South East Asian countries. Vacuum packaging industry is projected to show a high growth in such countries on account of low production costs, cheap and highly skilled labour. Additionally, the growing demand for hard and soft drinks, processed foods, premium fruits and meat products in the region is estimated to drive the growth for vacuum packaging industry. Rising population, escalating packaged food demand where shrink and skin packaging are used and healthcare expenditure in countries such as China and India.