The global vacuum packaging market size was US$ 29.21 billion in 2021. The global vacuum packaging market size is forecast to reach US$ 47.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.7% during the forecast period from 2022 to 2030.

Vacuum packing (also known as vacuum sealing) is a type of packaging that includes removing air from a food container in order to extend its shelf life. Vacuum packing is widely used in pet food, human food, and agricultural goods, with meat, poultry, and seafood being the most common food end-users. The primary goal of packaging is to remove oxygen from the product by adhering the packaging material to it in order to increase resistance to moisture and air. Vacuum-packed items are also protected from moisture, dust, and other ambient gases and are becoming increasingly popular among food manufacturers.

Factors Influencing Market Growth

• The rising awareness of good quality and hygienic food packaging is forecast to drive the global market. 
• A surge in need for the longer shelf life of products has also driven the demand for vacuum packaging. 
• New and innovative adoptions such as the manufacturing of vacuum packages with recyclable packaging and lightweight packaging are forecast to offer lucrative opportunities for the global market during the forecast period.
• The greenhouse gas (GHG) emissions, generated primarily due to energy consumption during plastic processing, slow down the overall market growth. 

Impact Analysis of COVID-19

Customers have grown in demand for extended shelf-life packaging due to a disturbance in the supply chain amid the COVID-19 pandemic. In March 2020, grocery markets increased due to lockdowns that allowed only the food industry to resume its sales. Along with offline retail, internet retail has seen tremendous growth during the pandemic, with excessive grocery sales supplementing overall revenue production in the vacuum packing business. Vacuum packing was in great demand, especially in the food industry, and it is usually consistent throughout the year.

Regional Insights

The Asia Pacific region is forecast to garner the highest CAGR in the vacuum packaging market during the forecast period. The growing population, rising urbanization, and a surge in food expenditures, particularly in China and India, drive the market in APAC. The consumption of packaged food is increasing tremendously due to the rise in population in APAC. In addition, the huge number of small and large retail platforms are fueling the market growth. Additionally, increasing demand for meat and seafood fuels the industry growth in the region. 

Leading Competitors

The leading prominent companies profiled in the global vacuum packaging market are:

• CVP Systems, Incorporated
• Sealed Air Corporation
• Bemis Company, Incorporated
• ULMA Packaging
• Linpac Packaging Limited
• Coveris Holdings S.A.
• Berry Plastics Corporation
• Multisorb Technologies, Incorporated
• Orics Industries, Incorporated
• Amcor Limited

Scope of the Report

The global vacuum packaging market segmentation focuses on Material, Pack, End-Users, and Region.

Segmentation based on Material

• PE
• PVC
• PP
• Others

Segmentation based on Pack

• Flexible
• Rigid
• Semi-rigid

Segmentation based on End-Users

• Food
• Pet Food
• Agricultural Produce

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America