Global Vacuum Packaging Market: Global Size, Trends, Competitive, and Historical & Forecast Analysis, 2022-2028: The market will expand due to the growing demand for convenience food, and the increase in demand for the extended shelf life of food products.
Global Vacuum Packaging Market is valued at USD 26.55 Billion in 2022 and it is expected to reach USD 35.96 Billion by 2029 with a CAGR of 4.43% over the forecast period.
Vacuum packaging is the process of removing air from a package or container before sealing it, in order to preserve and extend the shelf life of food, pharmaceuticals, and other perishable products. The vacuum packaging process involves the use of a vacuum machine or chamber that removes the air from the package and seals it tightly.
The concept of vacuum packaging can be traced back to the mid-19th century when French inventor Francois Appert developed a method of preserving food by sealing it in airtight containers. The process of vacuum packaging, as it is known today, was first introduced in the 1940s for industrial and military purposes. It became widely used in the food industry in the 1960s and has since been used in a variety of applications.
Vacuum packaging is widely used in the food industry to preserve perishable products such as meat, fish, dairy, and baked goods. It is also used in the pharmaceutical industry to package medications and other medical products, as well as in the electronics industry to protect sensitive components from moisture and other environmental factors. In addition, vacuum packaging is used in the transportation and storage of products to prevent damage and extend their shelf life.
The end-users of vacuum packaging include food manufacturers, pharmaceutical companies, medical device manufacturers, electronics companies, and other industries that require the packaging and preservation of perishable or sensitive products.
Revenue is generated through the sale of vacuum packaging equipment, materials, and services. Manufacturers of vacuum packaging equipment and materials generate revenue through the sale of their products to end-users, while service providers generate revenue through the provision of packaging and preservation services to their customers.
The supply chain for vacuum packaging includes raw material suppliers, manufacturers of vacuum packaging equipment and materials, distributors, and end-users. Raw material suppliers provide the materials used to manufacture vacuum packaging products, which are then sold to manufacturers who produce the equipment and materials. Distributors then sell the products to end-users, who use them for their packaging and preservation needs.
The value chain for vacuum packaging includes product design, manufacturing, distribution, and service. The design of vacuum packaging products involves identifying the needs of end-users and developing products that meet those needs. Manufacturers then produce the equipment and materials used for vacuum packaging, which are distributed to end-users through various channels. Service providers offer packaging and preservation services to their customers, ensuring that products are properly preserved and protected during transportation and storage.
The COVID-19 pandemic has had both positive and negative impacts on the vacuum packaging market. On the positive side, with the pandemic forcing many people to stay at home and cook more meals, there has been an increase in demand for packaged food products. Vacuum packaging provides a safe and hygienic method of preserving food products, making it an attractive option for consumers.
However, on the negative side, the pandemic causing economic uncertainty and financial strain for many consumers, there has been a reduction in demand for non-essential products, including some vacuum packaging products. The pandemic has also led to a reduction in production capacity due to social distancing measures and restrictions on manufacturing operations. This has resulted in delays in the production and delivery of vacuum packaging products.
Growing demand for convenience food: With busy lifestyles, consumers are increasingly turning to convenience food products that can be easily stored and prepared. Vacuum packaging provides a convenient and safe method of preserving food, making it an attractive option for food manufacturers.
For example, the Food and Agriculture Organization of the United Nations (FAO), the convenience food market in Asia is expected to grow at an annual rate of 4.4% from 2021 to 2025. And Tastewise found that convenience was the top factor driving consumer interest in food and beverage products, with 46% of respondents citing this as a key consideration.
Increase in demand for the extended shelf life of food products: Vacuum packaging is an effective way to extend the shelf life of food products, making it an attractive option for food manufacturers. However, 60% of global consumers say that longer shelf life is an important factor when choosing food and beverage products, with this figure rising to 71% among Millennial consumers.
Limitations in packaging size and shape: Vacuum packaging is not suitable for all food products due to limitations in packaging size and shape. This may limit the adoption of vacuum packaging in certain markets. In addition, vacuum packaging may not be suitable for products that require a gas exchange, such as bread and baked goods, which require oxygen to maintain their texture and quality. This can limit the adoption of vacuum packaging in the bakery and confectionery markets, which represent a significant portion of the food industry.
Health concerns related to vacuum packaging: Some studies have raised concerns about the potential health risks associated with vacuum packaging, such as the leaching of harmful chemicals from the packaging materials. These concerns may impact consumer perception and adoption of vacuum packaging.
The European Food Safety Authority (EFSA) conducted a risk assessment of the migration of substances from food packaging materials and found that the levels of migration are generally low and that the health risks are low for most consumers.
Growing demand for a longer shelf life of food products: With consumers demanding fresher and safer food products, vacuum packaging has become an important tool for extending the shelf life of perishable food items. As a result, there is an increasing demand for vacuum packaging in the food industry.
Increase in demand for convenience food: With busy lifestyles, consumers are increasingly turning to convenience food products that can be easily stored and prepared. Vacuum packaging provides a convenient and safe method of preserving food, making it an attractive option for food manufacturers.
The emergence of new markets: The growth of e-commerce and online retail has opened up new markets for vacuum packaging products. With the rise of online food ordering and delivery, there is an increasing need for vacuum packaging to ensure the safe transportation of food products.
Improved barrier properties: Vacuum packaging manufacturers are continuously improving the barrier properties of their products to ensure maximum protection and preservation of food items. This includes the use of high-performance materials and advanced coatings.
Smart packaging: There is a growing trend toward the development of smart packaging solutions that can monitor the condition of food products during transportation and storage. This includes the use of sensors and other advanced technologies to provide real-time information on the status of the product.
Sustainable packaging: With increasing concerns over the environmental impact of packaging materials, there is a growing trend toward the development of sustainable packaging solutions. This includes the use of biodegradable and compostable materials, as well as the development of recycling and reuse programs.
Increased demand for natural and organic food products: With consumers becoming more health-conscious, there is an increasing demand for natural and organic food products. Vacuum packaging provides a safe and effective way to preserve these products without the use of preservatives or other chemicals.
Demand for customized packaging solutions: Consumers are increasingly demanding customized packaging solutions that meet their specific needs and preferences. Vacuum packaging manufacturers are responding to this trend by offering a range of customizable packaging options.
Growing concern over food safety: With increasing concerns over food safety, consumers are looking for packaging solutions that provide maximum protection and safety for their food products. Vacuum packaging is seen as a safe and effective method of preserving food and reducing the risk of contamination.
North America is one of the major markets for vacuum packaging due to the presence of a large number of food and beverage companies, high consumer demand for convenience food, and stringent regulations on food safety and quality. The market in North America is expected to grow at a moderate rate due to the increasing demand for packaged food and beverages, rising awareness about food safety and hygiene, and the development of innovative vacuum packaging technologies.
Furthermore, the U.S. Food and Drug Administration (FDA) in 2020, it was found that 79% of U.S. consumers are concerned about food safety, and 74% of consumers believe that food safety is a shared responsibility between the government, industry, and consumers.
Europe is one of the major markets for vacuum packaging due to the presence of a large number of food and beverage companies, increasing consumer demand for convenience food, and growing awareness about food safety and hygiene. The market in Europe is expected to grow at a moderate rate due to the increasing demand for packaged food and beverages, stringent regulations on food safety and quality, and the development of innovative vacuum packaging technologies.
However, the European Commission in 2020, it was found that 85% of European citizens consider food safety to be an important issue. In addition, the survey found that 53% of Europeans are concerned about the safety of food products when buying them, indicating the increasing awareness of food safety and hygiene among consumers in Europe.