June 29, 2022 05:17 ET | Source: Market Study Report Market Study Report
Pune, India, June 29, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, that worldwide vacuum packaging market which accumulated a valuation of USD 28.84 billion in 2021, is expected to record a stable growth rate of 4.24% through 2028 and subsequently amass a sizable valuation by the end of the forecast timeframe.
Proceeding further, a vivid analysis of the various market segmentations based on type, application, and regional ambits is provided in the report. It also investigates the major developments and strategies concerning the leading players to draw to conclusion on the competitive dynamics. Apart from this, a complete analysis of the entire supply chain and commercialization matrix in hosted in the document to help businesses in making well-informed decisions.
Emphasis for hygienic, convenient, and easy to handle food packaging, along with growing product utilization across different industry verticals are the major factors fueling the market growth.
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For the unversed, vacuum packaging method is utilized to eliminate air from the plastic film packet before sealing it. This kind of packaging is extensively utilized within the pharmaceutical, food, and industrial sectors.
Furthermore, advent of newer technologies and growing e-commerce vertical are anticipated to improve revenue flow of the vacuum packaging industry in the ensuing years.
However, high initial costs and supply chain difficulties are likely to impede the growth trajectory of the market in the forthcoming years.
North America, Europe, Asia Pacific, and Latin America are the key regional markets that are assessed in the document. Among these, Asia Pacific industry is expected to showcase a robust growth through the analysis timeframe, owing to rapid development in emerging economies like China and India as well rapid product utilization across several industrial verticals for expanding the lifespan of the commodity.
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Meanwhile, Europe is a promising avenue for industry expansion over 2022-2028, attributable to rising disposable income levels, rapid industrialization, and growing inclination towards packaged & convenience foods.
Orics Industries Inc., Berry Global Inc., Linpac Packaging Ltd., Multisorb Technologies Inc., Sealed Air Corporation, Bemis Company Inc., Amcor plc, CVP Systems Inc., Coveris Holdings S.A., and Uma Group are the major contenders influencing global vacuum packaging market trends.
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Global Vacuum Packaging Market by Process (Value, USD Billion, 2019-2028)
Global Vacuum Packaging Market by Packaging Material (Value, USD Billion, 2019-2028)
Global Vacuum Packaging Market by Machinery (Value, USD Billion, 2019-2028)
Global Vacuum Packaging Market by Pack Type (Value, USD Billion, 2019-2028)
Global Vacuum Packaging Market by Application (Value, USD Billion, 2019-2028)
Global Vacuum Packaging Market by Region (Value, USD Billion, 2019-2028)
Global Vacuum Packaging Market Company Profiles (Value, USD Billion, 2019-2028)
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Vacuum Packaging Market, by Region, 2020-2028 (USD Billion)
1.2.2. Vacuum Packaging Market, by Process, 2020-2028 (USD Billion)
1.2.3. Vacuum Packaging Market, by Packaging Material, 2020-2028 (USD Billion)
1.2.4. Vacuum Packaging Market, by Machinery, 2020-2028 (USD Billion)
1.2.5. Vacuum Packaging Market, by Pack Type, 2020-2028 (USD Billion)
1.2.6. Vacuum Packaging Market, by Application, 2020-2028 (USD Billion)
Chapter 2. Global Vacuum Packaging Market Definition and Scope
2.3. Years Considered for the Study
Chapter 3. Global Vacuum Packaging Market Dynamics
3.1. Vacuum Packaging Market Impact Analysis (2020-2028)
3.1.1.1. Increasing demand for hygienic packaging of food
3.1.1.2. Growing inclination towards the easy-to-handle and convenient packaging
3.1.2.1. Difficulty in managing the vacuum packaging supply chain
3.1.3.2. Growth of the e-commerce industry
Chapter 4. Global Vacuum Packaging Market Industry Analysis
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Vacuum Packaging Market, by Process
6.2. Global Vacuum Packaging Market by Process, Performance - Potential Analysis
6.3. Global Vacuum Packaging Market Estimates & Forecasts by Process 2019-2028 (USD Billion)
6.4. Vacuum Packaging Market, Sub Segment Analysis
Chapter 7. Global Vacuum Packaging Market, by Packaging Material
7.2. Global Vacuum Packaging Market by Packaging Material, Performance - Potential Analysis
7.3. Global Vacuum Packaging Market Estimates & Forecasts by Packaging Material 2019-2028 (USD Billion)
7.4. Vacuum Packaging Market, Sub Segment Analysis
Chapter 8. Global Vacuum Packaging Market, by Machinery
8.2. Global Vacuum Packaging Market by Machinery, Performance - Potential Analysis
8.3. Global Vacuum Packaging Market Estimates & Forecasts by Machinery 2019-2028 (USD Billion)
8.4. Vacuum Packaging Market, Sub Segment Analysis
Chapter 9. Global Vacuum Packaging Market, by Pack Type
9.2. Global Vacuum Packaging Market by Pack Type, Performance - Potential Analysis
9.3. Global Vacuum Packaging Market Estimates & Forecasts by Pack Type2019-2028 (USD Billion)
9.4. Vacuum Packaging Market, Sub Segment Analysis
Chapter 10. Global Vacuum Packaging Market, by Application
10.2. Global Vacuum Packaging Market by Application, Performance - Potential Analysis
10.3. Global Vacuum Packaging Market Estimates & Forecasts by Application2019-2028 (USD Billion)
10.4. Vacuum Packaging Market, Sub Segment Analysis
Chapter 11. Global Vacuum Packaging Market, Regional Analysis
Molded Pulp Packaging Market Size, Growth Potential, Competitive Market Share & Forecast, 2022 - 2028
The global molded pulp packaging market is expected to exhibit a significant growth trajectory through 2028 due to increasing demand for recyclable cups, trays, plates, and other products made from molded pulp in the food and beverage industry. Recently, industry players have been investing in sustainable packaging that have minimal environmental impact, thereby enhancing overall business growth. Notably, rising climate consciousness, along with mounting purchasing capacity of consumers, has also played a vital role in industry expansion in key regions globally. Meanwhile, the Middle East & Africa molded pulp packaging market is speculated to attain a sizable valuation by the end of 2028. In the past few decades, the region has seen a significant increase in per capita egg consumption. This is mostly credited to the region's improving economic situation. Furthermore, the region's rapidly growing expat population has boosted the demand for eggs, agricultural goods, and other food & food services.
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