Vacuum Packaging Market Research Report - Forecast to 2023

Vacuum Packaging Market Research Report - Forecast to 2023

ID: MRFR/PNT/1575-CRR | April, 2018 | Region: Global | 107 pages | Cooked Research Reports

Global Vacuum Packaging Market Report: Material (Polyethylene (PE), and Polyamide (PA)), Packaging (Rigid Packaging, Flexible Packaging, and Semi-Rigid Packaging), Application (Pharmaceutical, Food, Industrial, and Consumer Goods) and By Region - Global Forecast to 2023.


Market Scenario


Vacuum packaging is a type of modified atmospheric packaging. Vacuum packaging removes atmospheric oxygen from the primary package, which is to be sealed. Oxygen is one of the primary sources of product degradation. The confiscation of the oxygen extends the product shelf life. Vacuum packaging is commonly used to protect consumable and non-consumable products. 


The market is driven by factors such as increased consumption of processed food & beverages, rapid urbanization, and industrialization, increased government policies regarding food safety. Although, vacuum packaging market is expected to be hindered by the stringent regulations on packaging material waste and recycling.


The food & beverage markets represent the highest consumption group for packaging materials and machinery. The global vacuum packaging market is lead by various factors such as increasing urbanization, amplified living standards, and growth in the disposable income in the emerging economies. With the increasing number of the accessibility stores and supermarts across the world, exclusively in the Asia Pacific, led to amplified consumption of treated and convenience foods and beverages. Such stores have been able to bring the treated and packaged eatables nearby to the consumers.


The food & beverages industry has implemented vacuum packaging broadly across the globe due to some supplementary functionalities such as retention of the integrity of an artifact and prevents food decomposition, along with the amplified shelf life. Such possessions are superlative for the retail channels where fresh and processed food items need to be warehoused over an extensive period of time as well it permits the consumers to see and feel the product from the packaging. This propels the demand for vacuum packaging across the foods & beverages industry.


The global vacuum packaging market has been segmented based on material, packaging, application, and region. Based on the material the market is segmented into Polyethylene (PE), and Polyamide (PA). Among these, the polyethylene segment dominated the global vacuum packaging market with 49.23% of share in 2016, in terms of value. It is expected to show the highest growth at a CAGR of 5.10% during the forecast period. The dominant position of this segment can be attributed to the rising implementation of polyethylene material of vacuum packaging across all the end use application. Moreover, polyethylene is the most common plastic used in daily life activity. Based on the packaging, the market is segmented into rigid packaging, flexible packaging, and semi-rigid packaging. The flexible packaging segment dominated the global vacuum packaging market with 42.56% of share in 2016, in terms of value. It is expected to grow at a CAGR of 5.39% during the forecast period. Flexible packaging is made of the plastic films, graphics, ply and sealed mostly with pressure and heat, they have a wide application in food & beverage packaging. Based on the application, the market is segmented into pharmaceutical, food, industrial, consumer goods, and others. The food segment dominated the global vacuum packaging market with 31.69% of share in 2016, in terms of value. It is expected to grow at a CAGR of 5.16% during the forecast period. The Vacuum packing in the food sector is predominantly used to store dry foods over a long period of time, which includes cereals, nuts, cured meats, cheese, smoked fish, coffee, and potato chips. On a more short-term basis, it can also be used to store fresh foods such as vegetables and meats as it hinders the bacterial growth.


The vacuum packaging industry is expected to have huge entrants of new participants over the forecast period owing to continuous enlargements in packaging industry coupled with rising consumer preferences for high hygiene features. The market is also expected to have high development activities by multinationals and well-established companies. Mergers and acquisition activities are anticipated to be witnessed over the forecast period.


Global vacuum packaging market is expected to grow at a CAGR of ~ 4.89% during the forecast period.


Market Segmentation


 vacuum packaging market


Global Vacuum Packaging Market


The global vacuum packaging market is segmented by region as North America, Europe, Asia Pacific and Rest of the world. The Asia Pacific is referred as the largest & fastest growing market for the vacuum packaging market. The market is later followed by the Europe & North America owing to increase consumption of processed and packaged food. Asia Pacific region is maintaining its dominance in the market due to rise in population, increasing packaged & expediency food demand, and healthcare expenditure. Furthermore, the rapid increase in the industrialization in China, India, and Japan is predicted to propel the country level market of vacuum packaging. Whereas, Europe is stated as the subsequent largest market in terms of revenue after the Asia Pacific. The factor is influencing the emergence of the eco-friendly packaging technologies, which are cheaper and are manufactured from the recycled material.


Key Players


The key players of global vacuum packaging market are E. I. DuPont de Nemours and Company (U.S.), Bernis Company Inc.(U.S.), Amcor Ltd. (Australia), Berry Plastic Corp. (U.S.), Linpack Packaging Ltd. (U.K.), Sealed Air Corp. (U.S.), Coveris Holdings (Luxembourg), Winpak, and Green Packaging Material (Jiangyin) Co., Ltd. (China).

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TABLE OF CONTENTS

2.1 Definition 13

2.2 Scope of the Study 13

2.3 Assumptions 13

2.4 Market Structure 14

3.1 Research Process 16

3.2 Primary Research 17

3.3 Secondary Research 17

3.4 Market Size Estimation 17

3.5 Forecast Model 19

4.1 Drivers 21

4.1.1 Increased consumption of processed foods & beverages 21

4.1.2 Rapid urbanization and industrialization 22

4.1.3 Increased government policies regarding food safety 23

4.2 Impact Analysis 23

4.3 Restraints 24

4.3.1 Stringent regulations on packaging material waste and recycling 24

4.4 Impact Analysis 24

4.5 Opportunities 25

4.5.1 Preference to bio-degradable and recyclable packaging 25

4.5.2 Integration with smart packaging techniques 25

5.1 Value Chain Analysis 26

5.1.1 Raw Material Supply 26

5.1.2 Manufacture 26

5.1.3 Distribution 26

5.1.4 End-use 27

5.2 Porter's 5 Forces Analysis 27

5.2.1 Threat of New Entrants 27

5.2.2 Bargaining Power of Suppliers 27

5.2.3 Bargaining Power of Buyers 28

5.2.4 Threat of Substitutes 28

5.2.5 Segment Rivalry 28

6.1 Introduction 30

6.2 Polyethylene (PE) 30

6.3 Polyamide (PA) 30

6.4 Others 31

7.1 Introduction 33

7.2 Rigid Packaging 33

7.3 Flexible Packaging 33

7.4 Semi-Rigid Packaging 34

8.1 Introduction 36

8.2 Pharmaceutical 36

8.3 Food 36

8.4 Industrial 36

8.5 Consumer Goods 37

8.6 Others 37

9.1 Introduction 39

9.2 North America 40

9.2.1 U.S 42

9.2.2 Canada 43

9.3 Europe 45

9.3.1 Germany 47

9.3.2 U.K. 49

9.3.3 France 50

9.3.4 Spain 52

9.3.5 Italy 53

9.3.6 Rest of Europe 55

9.4 Asia-Pacific 57

9.4.1 China 59

9.4.2 Japan 60

9.4.3 India 62

9.4.4 Rest of Asia-Pacific 63

9.5 Rest of World 65

9.5.1 South America 67

9.6 Middle East & Africa 69

10.1 Competitive Landscape 71

11.1 E. I. duPont de Nemours and Company 72

11.1.1 Company Overview 72

11.1.2 Financial Overview 72

11.1.3 Product/Service Offering 73

11.1.4 Strategy 74

11.1.5 SWOT Analysis 74

11.2 Bemis Company Inc. 75

11.2.1 Company Overview 75

11.2.2 Financial Overview 75

11.2.3 Product/Service Offering 76

11.2.4 Strategy 76

11.2.5 SWOT Analysis 77

11.3 Amcor Ltd. 78

11.3.1 Company Overview 78

11.3.2 Product/Service Offering 78

11.3.3 Financial Overview 78

11.3.4 Strategy 79

11.3.5 SWOT Analysis 80

11.4 Berry Global Group, Inc. 81

11.4.1 Company Overview 81

11.4.2 Financial Overview 81

11.4.3 Product/Service Offering 82

11.4.4 Strategy 82

11.4.5 SWOT Analysis 83

11.5 Sealed Air Corp. 84

11.5.1 Company Overview 84

11.5.2 Financial Overview 84

11.5.3 Product/Service Offering 85

11.5.4 Strategy 86

11.5.5 SWOT Analysis 87

11.6 Coveris Holdings S.A. 88

11.6.1 Company Overview 88

11.6.2 Financial Overview 88

11.6.3 Product/Service Offering 89

11.6.4 Strategy 90

11.6.5 SWOT Analysis 91

11.7 Linpac Packaging Ltd. 92

11.7.1 Company Overview 92

11.7.2 Financial Overview 92

11.7.3 Product/Service Offering 92

11.7.4 Strategy 92

11.8 Winpak Ltd. 93

11.8.1 Company Overview 93

11.8.2 Financial Overview 93

11.8.3 Product/Service Offering 94

11.8.4 Strategy 94

11.9 Green Packaging Material (Jiangyin) Co., Ltd. 95

11.9.1 Company Overview 95

11.9.2 Financial Overview 95

11.9.3 Product/Service Offering 95

11.9.4 Strategy 96

TABLE 1 MARKET SYNOPSIS 12
TABLE 2 GLOBAL PROCESSED FOOD & BEVERAGES VOLUME SALES, GROWTH RATE AND MARKET SHARE, BY REGION, 2000 AND 2013 21
TABLE 3 PERCENTAGE OF POPULATION AT MID-YEAR RESIDING IN URBAN AREAS BY MAJOR AREA, REGION AND COUNTRY, 2000-2015 22
TABLE 4 GLOBAL VACUUM PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 31
TABLE 5 GLOBAL VACUUM PACKAGING MARKET, BY PACKAGING, 2015–2023 (USD BILLION) 34
TABLE 6 GLOBAL VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 38
TABLE 7 GLOBAL VACUUM PACKAGING MARKET, BY REGION, 2015–2023 (USD BILLION) 40
TABLE 8 NORTH AMERICA: VACUUM PACKAGING MARKET, BY COUNTRY, 2015–2023 (USD BILLION) 41
TABLE 9 NORTH AMERICA: VACUUM PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 41
TABLE 10 NORTH AMERICA: VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 42
TABLE 11 NORTH AMERICA: VACUUM PACKAGING MARKET, BY PACKAGING, 2015–2023 (USD BILLION) 42
TABLE 12 U.S.: VACUUM PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 43
TABLE 13 U.S.: VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 43
TABLE 14 U.S.: VACUUM PACKAGING MARKET, BY PACKAGING, 2015–2023 (USD BILLION) 44
TABLE 15 CANADA: VACUUM PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 44
TABLE 16 CANADA: VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 45
TABLE 17 CANADA: VACUUM PACKAGING MARKET, BY PACKAGING, 2015–2023 (USD BILLION) 45
TABLE 18 EUROPE: VACUUM PACKAGING MARKET, BY COUNTRY, 2015–2023 (USD BILLION) 46
TABLE 19 EUROPE: VACUUM PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 47
TABLE 20 EUROPE: VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 47
TABLE 21 EUROPE: VACUUM PACKAGING MARKET, BY PACKAGING, 2015–2023 (USD BILLION) 48
TABLE 22 GERMANY: VACUUM PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 48
TABLE 23 GERMANY: VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 49
TABLE 24 GERMANY: VACUUM PACKAGING MARKET, BY PACKAGING, 2015–2023 (USD BILLION) 49
TABLE 25 U.K.: VACUUM PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 50
TABLE 26 U.K.: VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 50
TABLE 27 U.K.: VACUUM PACKAGING MARKET, BY PACKAGING, 2015–2023 (USD BILLION) 51
TABLE 28 FRANCE: VACUUM PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 51
TABLE 29 FRANCE: VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 52
TABLE 30 FRANCE: VACUUM PACKAGING MARKET, BY PACKAGING, 2015–2023 (USD BILLION) 52
TABLE 31 SPAIN: VACUUM PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 53
TABLE 32 SPAIN: VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 53
TABLE 33 SPAIN: VACUUM PACKAGING MARKET, BY PACKAGING, 2015–2023 (USD BILLION) 54
TABLE 34 ITALY: VACUUM PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 54
TABLE 35 ITALY: VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 55
TABLE 36 ITALY: VACUUM PACKAGING MARKET, BY PACKAGING, 2015–2023 (USD BILLION) 55
TABLE 37 REST OF EUROPE: VACUUM PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 56
TABLE 38 REST OF EUROPE: VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 56
TABLE 39 REST OF EUROPE: VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 57
TABLE 40 ASIA-PACIFIC: VACUUM PACKAGING MARKET, BY COUNTRY, 2015–2023 (USD BILLION) 58
TABLE 41 ASIA-PACIFIC: VACUUM PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 58
TABLE 42 ASIA-PACIFIC: VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 59
TABLE 43 ASIA-PACIFIC: VACUUM PACKAGING MARKET, BY PACKAGING, 2015–2023 (USD BILLION) 59
TABLE 44 CHINA: VACUUM PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 60
TABLE 45 CHINA: VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 60
TABLE 46 CHINA: VACUUM PACKAGING MARKET, BY PACKAGING, 2015–2023 (USD BILLION) 61
TABLE 47 JAPAN: VACUUM PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 61
TABLE 48 JAPAN: VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 62
TABLE 49 JAPAN: VACUUM PACKAGING MARKET, BY PACKAGING, 2015–2023 (USD BILLION) 62
TABLE 50 INDIA: VACUUM PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 63
TABLE 51 INDIA: VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 63
TABLE 52 INDIA: VACUUM PACKAGING MARKET, BY PACKAGING, 2015–2023 (USD BILLION) 64
TABLE 53 REST OF ASIA-PACIFIC: VACUUM PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 64
TABLE 54 REST OF ASIA-PACIFIC: VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 65
TABLE 55 REST OF ASIA-PACIFIC: VACUUM PACKAGING MARKET, BY PACKAGING, 2015–2023 (USD BILLION) 65
TABLE 56 ROW: VACUUM PACKAGING MARKET, BY COUNTRY, 2015–2023 (USD BILLION) 66
TABLE 57 ROW: VACUUM PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 66
TABLE 58 ROW: VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 67
TABLE 59 ROW: VACUUM PACKAGING MARKET, BY PACKAGING, 2015–2023 (USD BILLION) 67
TABLE 60 SOUTH AMERICA: VACUUM PACKAGING MARKET, BY MATERIALS, 2015–2023 (USD BILLION) 68
TABLE 61 SOUTH AMERICA: VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 68
TABLE 62 SOUTH AMERICA: VACUUM PACKAGING MARKET, BY PACKAGING, 2015–2023 (USD BILLION) 69
TABLE 63 MIDDLE EAST & AFRICA: VACUUM PACKAGING MARKET, BY MATERIAL, 2015–2023 (USD BILLION) 70
TABLE 64 MIDDLE EAST & AFRICA: VACUUM PACKAGING MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 70
TABLE 65 MIDDLE EAST & AFRICA: VACUUM PACKAGING MARKET, BY PACKAGING, 2015–2023 (USD BILLION) 71

FIGURE 1 RESEARCH PROCESS OF MRFR 16
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 18
FIGURE 3 DRIVERS, RESTRAINTS AND TRENDS OF GLOBAL VACUUM PACKAGING MARKET 20
FIGURE 4 GROWTH DRIVERS: IMPACT ANALYSIS 23
FIGURE 5 GROWTH BARRIERS: IMPACT ANALYSIS 24
FIGURE 6 VALUE CHAIN ANALYSIS OF GLOBAL VACUUM PACKAGING MARKET 26
FIGURE 7 PORTER'S 5 FORCES ANALYSIS OF GLOBAL VACUUM PACKAGING MARKET 27
FIGURE 8 GLOBAL VACUUM PACKAGING MARKET SIZE, BY MATERIAL, 2015-2023 (USD BILLION) 31
FIGURE 9 GLOBAL VACUUM PACKAGING MARKET, BY PACKAGING, 2016 VS 2023 (USD BILLION) 34
FIGURE 10 GLOBAL VACUUM PACKAGING MARKET, BY APPLICATION, 2016 VS 2023 (USD BILLION) 37
FIGURE 11 GLOBAL VACUUM PACKAGING MARKET, BY REGION, 2016 VS 2023 (USD BILLION) 40
FIGURE 12 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL VACUUM PACKAGING MARKET, 2015-2017 (%) 72
FIGURE 13 E. I. DUPONT DE NEMOURS AND COMPANY: NET SALES VS SEGMENTAL SALES, 2015-2016 (USD BILLION) 73
FIGURE 14 E. I. DUPONT DE NEMOURS AND COMPANY: GEOGRAPHICAL REVENUE MIX, 2016 (%) 74
FIGURE 15 BEMIS COMPANY INC.: NET SALES VS SEGMENTAL SALES, 2015-2016 (USD BILLION) 76
FIGURE 16 BEMIS COMPANY INC.: GEOGHRAPHICAL REVENUE MIX, 2016 (%) 77
FIGURE 17 BEMIS COMPANY INC.: KEY DEVELOPMENTS, 2015-2016 (%) 78
FIGURE 18 AMCOR LTD..: TOTAL REVENUE VS SEGMENTAL REVENUE, 2015-2016 (USD BILLION) 80
FIGURE 19 AMCOR LTD. (FLEXIBLES): GEOGRAPHICAL REVENUE MIX, 2016 (IN %) 80
FIGURE 20 AMCOR LTD.: KEY DEVEOLOPMENT, 2015-2016 (IN %) 81
FIGURE 21 BERRY GLOBAL GROUP, INC.: NET SALES VS SEGMENTAL SALES, 2015-2016 (USD BILLION) 82
FIGURE 22 BERRY GLOBAL GROUP, INC.: GEOGRAPHICAL REVENUE MIX, 2016 (%) 83
FIGURE 23 BERRY GLOBAL GROUP, INC.: KEY DEVELOPMENTS, 2015-2016 (%) 84
FIGURE 24 SEALED AIR CORP.: NET SALES VS SEGMENTAL SALES, 2015-2016 (USD BILLION) 85
FIGURE 25 SEALED AIR CORP.: GEOGRAPHICAL REVENUE MIX, 2016 (IN %) 86
FIGURE 26 SEALED AIR CORP.: KEY DEVELOPMENTS, 2015-2017 (%) 87
FIGURE 27 COVERIS HOLDINGS S.A.: NET SALES VS SEGMENTAL SALES, 2015-2016 (USD BILLION) 89
FIGURE 28 COVERIS HOLDINGS S.A.: GEOGRAPHICAL REVENUE MIX, 2016 (%) 90
FIGURE 29 COVERIS HOLDINGS S.A.: KEY DEVELOPMENTS, 2015-2017 (%) 91
FIGURE 30 LINPAC PACKAGING LTD.: KEY DEVELOPMENTS, 2015-2017 (%) 94
FIGURE 31 WINPAK LTD.: NET SALES, 2015-2016 (USD BILLION) 95
FIGURE 32 WINPAK LTD.: GEOGRAPHICAL REVENUE MIX, 2016 (IN %) 96
FIGURE 33 GREEN PACKAGING MATERIAL (JIANGYIN) CO., LTD.: KEY DEVELOPMENTS, 2015-2017 (%) 99