Vacuum packaging is a process of removing air and sealing the product in an airtight package. This vacuum packaging extends shelf life of perishable fresh food product by four to five times. Growth of bacteria and microorganisms is restrained by removing air in packaging that surrounds a product. After sealing pouch, oxygen level inside packaging starts depleting. Lower oxygen level results in slow growth of bacteria and other microorganisms, which helps to enhance shelf life of a food product.
The global vacuum packaging market report has been segmented on the basis of pack type, packing material, application, and region.
On the basis of packing material, the global vacuum packaging market has been segmented into polyethylene, polyamide, ethylene vinyl alcohol, and others (polyvinyl chloride, polypropylene, paper, and polyester). The polyamide segment is projected to account for highest share in terms of revenue in the global vacuum packaging market during the forecast period. However, polyethylene segment is expected to grow at highest CAGR over the forecast period in terms of revenue, owing to its lower production and processing cost which is expected to encouraged manufacturers to prefer polyethylene packaging material over other packaging materials.
On the basis of application, the global vacuum packaging market has been segmented into food packaging, pharmaceuticals packaging, industrial goods packaging, and consumer goods packaging. The food packaging segment is projected to account for highest share in the global vacuum packaging market in terms of revenue, owing to the increased demand for hygienic and convenient food packaging solutions.
On the basis of region, the global vacuum packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Asia Pacific market estimated to account for major revenue share in the global vacuum packaging market in 2017. Asia Pacific vacuum packaging market is estimated to witness augmented growth in next five years, owing to increasing packaged food products demand from various emerging economics such as China and India in this region.
Key players operating in the global market include Amcor Limited, Berry Global Inc., Linpac Packaging Limited, ULMA Packaging, S.Coop, COVERIS, CVP Systems, LLC., Sealed Air Corporation, Multisorb Technologies, Orics Industries, Inc., and Bemis Company, Inc.