The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

• Market Overview: The vacuum packaging market has experienced robust growth in recent years, reaching $31.2 billion in 2023 and projected to grow to $32.93 billion in 2024 at a CAGR of 5.5%.
• Driving Factors: The emergence of preservation techniques, adoption by the food industry, demand for extended shelf life, and industrial applications are key factors contributing to this growth.
• Packaged Food Demand: The demand for packaged food products is on the rise, particularly driven by processed and preserved items.
• Benefits of Vacuum Packaging: Vacuum packaging seals in food and beverage industries maintain flavor and freshness while extending shelf life by removing air from packaging.
• Industry Players: Major companies in the vacuum packaging market include Berry Plastics Corporation, Amcor Group, Sealed Air Corporation, and more.

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Technological Advancements In The Vacuum Packaging Market

• Innovation Trends: Technological advancements play a crucial role in the vacuum packaging market, with a focus on leak detection technologies to prevent spoilage.
• Example: Ametek Mocon’s Dansensor Lippke VC1400, launched in April 2021, features vacuum-based technology for leak detection in flexible, semi-rigid, and rigid packaging.
• Competitive Edge: Such advancements enable companies to gain a competitive edge by ensuring product quality and safety.

Middleby Corporation Strengthens Food Processing Portfolio With Acquisition Of CP Packaging

• Strategic Acquisition: In July 2022, Middleby Corporation acquired CP Packaging, a US-based manufacturer of advanced high-speed vacuum packaging equipment.
• Impact: This acquisition strengthens Middleby’s ability to provide integrated full-line solutions and expands its packaging equipment offerings in the food processing portfolio.

Market Segmentation and Regional Analysis

• Segmentation:
  1. Machinery Types: External Vacuum Sealers, Thermoformers, Tray-sealing Machine, Other Machines
  2. Pack Type: Rigid Packaging, Semi-rigid Packaging, Flexible Packaging
  3. Process: Skin Vacuum Packaging, Shrink Vacuum Packaging, Other Processes
  4. Materials: Polyethylene, Polypropylene, Polyamide, Ethylene Vinyl Alcohol, Other Materials
  5. End-user: Food, Pharmaceuticals, Industrial Goods, Other End-users
• Regional Analysis: Asia-Pacific led the vacuum packaging market in 2023 and is expected to witness the fastest growth in the forecast period.

Future Outlook and Trends

• Projected Growth: The vacuum packaging market is forecasted to reach $41.81 billion by 2028, with a CAGR of 6.2%.
• Factors Driving Growth: Consumer awareness, economic factors, health and hygiene considerations, globalization, and market expansion are expected to fuel market growth.
• Trends: Value-added packaging features, cross-industry applications, safety assurance and hygiene, small batch and on-demand packaging, and biodegradable materials are anticipated trends in the forecast period.

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The Vacuum Packaging Global Market Report 2024  provides an overview of the vacuum packaging market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The vacuum packaging market forecast analyzes vacuum packaging market size, vacuum packaging market share, leading competitor and their market positions.

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