The vacuumpackaging market size was valued at USD 29.58billion in 2023 and isexpected to be worth USD 31.16 billion in 2024. The market is projected to reach USD 50.04billion by 2032, recording a CAGR of 6.10% during the forecast period.
Vacuum packaging is a type of packaging thatremoves the air while packaging different items. It is an easy and suitable way
of packing a wide range of food and other products. The increasing demand for
better product protection solutions is one of the key factors boosting the
adoption of this type of packaging.
The COVID-19 pandemic had an adverse influenceon the market’s growth due to a sudden decline in the demand for processed
foods during this period. However, more people were ordering takeaways from
online food outlets due to nationwide lockdowns, which spurred the demand for these
packaging solutions.
Fortune Business Insights™ displays thisinformation in a report titled, "Vacuum Packaging Market, 2024-2032".
Segmentation:
Excellent Benefits Offered by PlasticMaterials Boost Their Use in Food Packaging
Based on material, the market is segmentedinto plastic, paperboard, and others. The plastic segment is holding a dominant
vacuum packaging market share as this material comes with several advantages,
such as protection against moisture, better shrink properties, and enhanced
flexibility.
Superior Sealing Properties IncreaseUse of Bags & Pouches in Packaging Industry
Based on product type, the market is segmentedinto films, bags & pouches, trays, and others. The bags & pouches
segment dominated the market as these products offer excellent sealing
features.
Report Coverage:
The report has conducted a detailed study ofthe market and highlighted several critical areas, such as leading applications,
materials, and key market players. It has also focused on the latest market
trends and the key industry developments. Apart from the aforementioned
factors, the report has given information on many other factors that have
helped the market grow.
