What is Vacuum Pouches Market?
Vacuum packing is defined as the form of packaging that involves the removal of air from a pouch or plastic container. It is also known as vacuum sealing. It provides various benefits such as tamper evident protection, barrier against air or moisture, compressed packaging for fragmented cores, protection from dust and moisture, protection against dehydration and others. Vacuum pouches are available in many formats such as Three side seal or tubular (bottom seal), High-quality flexo-printing, Available as medium barrier (PA/PE) or high barrier (PA/EVOH/PE), among others.
The market study is being classified, by Application (Food {Meat, Cheese, Fish, Other Foods}, Personal Care, Pharmaceutical Sectors and Others) and major geographies with country level break-up.
Bemis Company Inc. (United States), Sealed Air Corporation (United States), Amcor Limited (Australia), Mondi Group (Austria), Wipak Group (Germany), Berry Global, Inc. (United States), Universal Plastic Bags (United States), Tyler Packaging (United Kingdom), The Vacuum Pouch Company (United Kingdom) and Swiss Pac Pvt. Ltd. (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Wipak (Finland).
The market is fragmented with numerous players focusing on the quality of the product due to which the global Vacuum Pouches market can witness an upsurge in the forecast period. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Vacuum Pouches market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Vacuum Pouches market by Type, Application and Region.
On the basis of geography, the market of Vacuum Pouches has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rapid urbanization and fast-paced industrialization across the Globe. For instance, according to the government of India, In India, at the time of the most recent census in 2011, more than 31% of the country’s population lived in urban areas according to the official statistics. Hence, it will drive the market growth.
Market Trend
- Increasing Demand for Eco-Friendly Packaging
Restraints
- Stringent Regulation Such as Environment-Friendly and Recyclability
Opportunities
- Increasing Demand from Emerging Market such as China and India
Challenges
- Rising Demand for Improved Atmospheric Packaging Products
Market Leaders and some development strategies
In 2020, the Amcor Company partners with Moda to develop vacuum packaging systems. Therefore, The partnership will strengthen the company presence in the vacuum pouches industry across the globe
Key Target Audience
Vacuum Pouches Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others