Global Info Research has released a new study titled Vacuum Packaging Analysis and Forecast 2022-2027, which provides critical insights and gives clients a competitive advantage. This analysis focuses on the major worldwide Web Access Management Software Concentrate companies, to define, characterise, and evaluate the market value, market share, market competitive landscape, and recent developments.

The Vacuum Packaging Market is expected to register a CAGR of 4.13% over the forecast period 2022 – 2027.

Top companies covered in Vacuum Packaging market

, Amcor Limited, Sealed Air Corporation, Berry Global Inc., Coveris Holdings S.A., SWISS PAC Pvt Ltd, M&Q Packaging LLC, Dow Inc., Klöckner Pentaplast Group, Plastopil Ltd., Mondi Group,

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Vacuum packaging enables to store food for a longer period that can result in cost-saving options. For instance, with vacuum packaging, chicken can be preserved for 15 days, whereas, with standard packaging, it can be preserved only for 3 days. This type of packaging avoid bacteria proliferation and avoid useless food waste by promoting much more responsible food consumption.

– In 2019, Rajendra and Ursula Joshi Food Industries Pvt Ltd (Rufil Industries) launched paneer packed using a vacuum packaging technique. This type of packaging helps in maintaining a better-quality product by retaining the freshness and softness of paneer for a much longer time as compared to other packaging in the market. – Though vacuum packed techniques increase the shelf life of chilled products, certain bacteria (C.botulinum), may be still able to grow. The bacteria produce a harmful toxin that can cause food poisoning. Thus, Food Standards Agency, a non-ministerial department of the Government of the UK, provides vacuum packing guidance to produce these foods safely. – The vacuum packaging market is also undergoing technological advancements. New and innovative developments such as the production of vacuum packages that hold recyclable packaging and light-weight packaging are accumulating value to the market. For instance, Clearly Clean Products LLC offers vacuum skin packaging trays, that are made up of recyclable plastic.

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Key Market Trends Food is Expected to Hold the Major Share – The demand for packaged chicken, beef, pork, etc., is increasing across the world, which in turn, will influence the demand for vacuum packaging. For instance, annual meat production is expected to grow from 218 million tonnes in 1997-1999 to 376 million tonnes by 2030, as per the World Health Organization. For the majority of people across the world, livestock products remain the desired food for nutritional value and taste. The beef and pork packing plants use vacuum packaging to preserve large cuts of meat as this packaging eliminates oxygen, which helps to preserve the meat within the packaging. – This type of packaging has the potential to minimize food waste. For instance, by using plastic vacuum skin packaging for meat can increase the shelf life from two to three days, if wrapped in paper, to sixteen days and more, thus, reducing food waste by a staggering 75%.

North America is Expected to Hold a Significant Share – North America is witnessing a rapid rise in its existing population, due to work-related migrations into the region. According to the International Monetary Fund, the population in the US was 327.4 million in 2018 and is projected to reach 341 million in 2024. According to the US Department of Labor, in 2018, there were 28.2 million foreign-born persons in the US labor force as compared to 27.4 million foreign-born persons in the US labor force in 2017. Thus, this rising population has directly burdened the food industry and impacting the packaging industry. It is home to the busiest markets and forms a significant part of the workforce dependent on the frozen foods and packaged food for appetite. Thus, these packaged food requires effective packaging that provides protection and resistance against bacteria growth and increases the shelf life of the food. These factors are expected to drive the demand for vacuum packaging in the region. – Furthermore, the presence of players, like Sealed Air Corporation, Berry Global Inc., etc. also stimulates the growth of the market, as these companies engage in the development of vacuum packaging solutions. Sealed Air’s Cryovac barrier vacuum packaging bags deliver the ultimate protection while maintaining product integrity and improving quality.

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Competitive Landscape The vacuum packaging market is marked with the high competition due to the presence of various players. Companies in the market are involved in introducing new products, expanding their operations, or entering into strategic mergers and acquisitions to increase their market presence.

– January 2018 – Sealed Air enhanced its Cryovac Darfresh packaging system (vacuum skin packaging) with new cardboard support, delivering operational efficiencies to processors, expanding merchandising opportunities and packing differentiation, and providing more convenience to consumers. The processors of meat, fish, and cheese can lower the production costs with the Cryovac Darfresh on Board pack as 40% less film is used as compared to traditional skin pack machines, reducing the volume of packaging required. Also, material, and scrap disposal expenses can be avoided as 100% of the film is used.

Reasons to Purchase this report: – The market estimate (ME) sheet in Excel format – 3 months of analyst support

All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply-chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Mail to : sales@marketintelligencedata.com

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