Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 33.72 Billion | USD 62.48 Billion | 5.9% | 2024 |
The global vacuum packaging market size was worth around USD 33.72 Billion in 2024 and is predicted to grow to around USD 62.48 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 5.9% between 2025 and 2034. The report analyzes the global vacuum packaging market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the vacuum packaging industry.
Vacuum packaging is a packaging process that helps in removing air from the package before sealing. It includes placing items in a plastic film package, removal of air from the interior of the plastic film package, and package sealing. Reportedly, vacuum packaging minimizes atmospheric oxygen along with restricting the proliferation of fungi as well as aerobic bacteria, thereby preventing the vaporization of volatile ingredients. Additionally, vacuum packaging is used for storing dry foods such as coffee, cereals, cheese, nuts, smoked fish, cured meats, and potato chips for an elongated timespan. It can also be utilized in storing fresh foods including meats, vegetables, and beverages as it prevents bacterial proliferation.
Massive product penetration in the food sector will steer the expansion of the global market by 2030
Surging awareness among people about food safety & hygiene is projected to bolster the expansion of the vacuum packaging market across the globe. Furthermore, the huge demand for hygienic packaged food products and the safety of products as well as retaining freshness of food products will embellish the global market trends. A large-scale intake of processed & convenience diets has increased the product penetration in the food & beverages sector. Apart from this, the growing need for increasing the shelf life of food products along with the necessity of avoiding food spoilage will scale up the global market demand. Immense use of vacuum packaging in a slew of end-use sectors such as pharmaceuticals, foods, and consumer goods packaging will spearhead the global market expansion.
Strategic alliances and mergers & acquisitions are likely to play pivotal roles in the expansion of the global market in the years ahead. For instance, in the first half of 2023, SEE completely acquired Liquibox, a bag-in-box sustainable fluids & liquid packaging. The move is likely to embellish the expansion of the market in the upcoming years. Reportedly, in the third quarter of 2022, Mondi plc, a key player in the packaging & paper sector, entered into a strategic alliance with Handl Tyrol, a key firm manufacturing tyrolean ham and uncooked sausage, for producing a new kind of mono-material polypropylene for purpose of providing high barrier packaging to bacon. Such initiatives will embellish the global market surge in the upcoming years.
Growing prices of polypropylene hinder the global industry expansion over the forecast timeline
Huge costs of polypropylene (PP) can halt the expansion of the global vacuum packaging industry over 2023-2030. Apart from this, the humungous cost of the product along with low access to effective healthcare amenities will further retard the expansion of the global industry.
The huge popularity of sustainable packaging to generate new growth avenues for the global market over 2023-2030
Humungous demand for sustainable packaging will open new panoramas of growth for the global vacuum packaging market. An escalating need for retaining the quality & vitality of food products will create new avenues of growth for the global market. A rise in the per capita income and healthcare spending along with swift industrialization in emerging economies will embellish the expansion of the market across the globe.
High focus on lightweight packaging to pose a big challenge for the global industry surge by 2030
The growing focus on lightweight packaging is anticipated to pose a huge challenge to the expansion of the global vacuum packaging industry in the years ahead. Disruptions in the supply chain activities will further result in diminishing growth curves of the global vacuum packaging industry in the coming years.
The global vacuum packaging market is sectored into application, material, and region.
In material terms, the vacuum packaging market across the globe is segregated into ethylene, polyethylene, vinyl alcohol, and polyamide segments. Furthermore, the polyethylene segment, which acquired nearly two-thirds of the global market earnings in 2024, is predicted to register the fastest CAGR over the forecast timeline. The expansion of the segment during 2025-2034 can be due to a surge in the use of the material in vacuum packaging products. Furthermore, the rising need for low manufacturing costs as well as minimum processing prices prompts the segmental surge.
Based on the application, the global vacuum packaging industry is sectored into food, pharmaceutical, industrial packaging, and others segments. Additionally, the food segment, which acquired a key share of the global industry share in 2024, is anticipated to dominate the industry growth in the coming eight years. The segmental expansion over the forecast timeline can be owing to the rise in the food packaging activities in various kinds of processes such as shrink & skin packaging.
On the basis of Packaging Type, the global vacuum packaging market is bifurcated into Rigid, Flexible, Semi-rigid.
By Machinery, the global vacuum packaging market is split into External Vacuum Sealers, Chamber Vacuum Machines, Tray-sealing Machines, Others.
In terms of End-user, the global vacuum packaging market is categorized into Food, Pharmaceuticals, Industrial, Consumer Goods, Others.
Report Attributes | Report Details |
---|---|
Report Name | Vacuum Packaging Market |
Market Size in 2024 | USD 33.72 Billion |
Market Forecast in 2034 | USD 62.48 Billion |
Growth Rate | CAGR of 5.9% |
Number of Pages | 229 |
Key Companies Covered | Bemis Company Inc., Multisorb Technologies Inc., Linpac Packaging Limited, CVP Systems Inc., Sealed Air Corporation, Berry Plastics Corporation, ULMA Packaging, Orics Industries Inc., Coveris Holdings S.A., Amcor Limited, and others., and others. |
Segments Covered | By Packaging Material, By Packaging Type, By Machinery, By End-user, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific is predicted to retain its leading position in the global vacuum packaging market over the forecast timeline
Asia-Pacific, which contributed about half of the global vacuum packaging market revenue in 2024, will be a leading region over the forecast timeline. Moreover, the regional market surge over the coming eight years is subject to a rise in the demand for products owing to a rise in the global population. Furthermore, an increase in the demand for packaged and convenience food products will embellish the regional market growth trends. A rise in healthcare spending along with surging industrialization in countries such as India and China will proliferate the regional market earnings.
The European vacuum packaging industry is set to record the highest CAGR in the coming eight years. The regional industry expansion over 2025-2034 can be credited to a rise in the focus on thriving packaging & food processing sectors. The need for increasing healthcare activities and the growing use of products in the packaging of pharmaceuticals will steer the regional industry expansion in the years to come.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the vacuum packaging market on a global and regional basis.
The global vacuum packaging market is dominated by players like:
The global vacuum packaging market is segmented as follows;
By Packaging Material
By Packaging Type
By Machinery
By End-user
By Region
FrequentlyAsked Questions
Vacuum packaging is a packaging process that helps in removing air from the package before sealing. It includes placing items in a plastic film package, removal of air from the interior of the plastic film package, and package sealing. Reportedly, vacuum packaging minimizes atmospheric oxygen along with restricting the proliferation of fungi as well as aerobic bacteria, thereby preventing the vaporization of volatile ingredients.
The global vacuum packaging market is expected to grow due to Rising demand for extended shelf life of food and pharmaceutical products fuels growth. Convenience and reduction in food waste also drive market expansion.
According to a study, the global vacuum packaging market size was worth around USD 33.72 Billion in 2024 and is expected to reach USD 62.48 Billion by 2034.
The global vacuum packaging market is expected to grow at a CAGR of 5.9% during the forecast period.
North America is expected to dominate the vacuum packaging market over the forecast period.
Leading players in the global vacuum packaging market include Bemis Company Inc., Multisorb Technologies Inc., Linpac Packaging Limited, CVP Systems Inc., Sealed Air Corporation, Berry Plastics Corporation, ULMA Packaging, Orics Industries Inc., Coveris Holdings S.A., Amcor Limited, and others., among others.
The report explores crucial aspects of the vacuum packaging market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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