Global Vacuum Packaging Market: Trends Analysis and Forecasts up to 2022
Global vacuum packaging market is expected to grow at a cagr between 4.5% and 5.5% over the forecast period 2016 to 2022. The market for vacuum packaging has increased since the last decade because of the technological advancements and innovations in the packaging industry. The vacuum packaging market has been growing in accordance with the packaging industry. With the increase in demand for hygienic, eco-friendly, and economical packaging solutions, the demand for vacuum packaging has increased. The global vacuum packaging market is expected to be primarily driven by factors such as growing demand for hygienic packaging of food, manufacturers' demand for a longer shelf-life and shift towards easy-to-handle and convenient packaging. However, the growth in global vacuum packaging market is likely to be restrained by factors such as high cost of development.
The vacuum packaging market is segmented on the basis of material, application, and pack. The segmentation on the basis of Material covers Polyethylene (PE), Polyvinylidenchloride (PVDC) , Polypropylene (PP) , Polyvinylchloride (PVC) , and Polyester (PET). On the basis of application the market is segmented as food, pharmaceuticals, industrial processing, industrial goods, consumer goods, and others. Furthermore, on the basis of pack the vacuum packaging market is segmented as rigid packaging, flexible packaging, and semi-rigid packaging.
The regions covered in the report include north america, europe, asia-pacific, and rest of the world .North america region covers the country markets such as u.s., canada, and mexico. Furthermore europe includes the country markets such as germany, u.k., france, spain, and rest of europe. The asia-pacific region covers the analysis of countries such as china japan india australia/new zealand and rest of apac . Among the geographies north america is expected to be the largest market for vacuum packaging market over the forecast period 2016 to 2022. Furthermore asia-pacific "is expected to grow at the highest cagr over the forecast period.
The companies covered in the report include
• Amcor Limited
• Bemis Company, Inc.
• Berry Plastics Corporation
• Sealed Air Corporation
• Coveris Holdings S.A.
• CVP Systems, Inc.
• Linpac Packaging Limited
• Multisorb Technologies, Inc,
• ULMA Packaging
• Orics Industries, In.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand globally as well as regionally. Moreover, IGR- Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as porter's five forces analysis and value chain analysis of vacuum packaging market .Further, the study highlights current market trends and provides forecast from 2016 to 2022. We also have highlighted future trends in the vacuum packaging market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.