The analysts forecast global vacuum packaging market to grow at a CAGR of 3.76% during the period 2018-2022. One trend in the market is use of high barrier plastics.
Flexible plastic packaging is gaining popularity globally.
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In addition, the use of plastic resins, which have high barrier properties is expected to become one of the major trends during the forecast period. Resins, including biaxially-oriented polyethylene terephthalate (BOPET) and EVOH, are widely used for improving the barrier properties of flexible packaging.
Major key players in the global vacuum packaging market: Amcor, Bemis Company, Berry Global, and Sealed Air.
According to the vacuum packaging market report, one driver in the market is growth in global demand for hygienic and convenient packaging. Unprotected packaged food is vulnerable to cross contamination as well as microbiological contamination.
Also, the use of inappropriate wrapping packaging materials leads to chemical contamination, which directly affects the food packaged in it. Therefore, as there is an increase in health consciousness among the consumers across the world, the demand for hygiene packaging is also increasing.
Further, the vacuum packaging market report states that one challenge in the market is increased raw material prices. Raw materials used for the global vacuum packaging market are polyethylene, polyamide, EVOH, and other plastic resins.
The increased prices of propylene in the US have a direct impact on the plastic packaging prices, which, in turn, is increasing the overall cost of vacuum packaging. The US propylene prices increased by more than 105% month-over-month in January 2017.
Key questions answered in this report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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Few Points from List of Exhibits:
Exhibit 1: Parent market
Exhibit 2: Global vacuum packaging market
Exhibit 3: Market characteristics
Exhibit 4: Market segments
Exhibit 5: Market definition - Inclusions and exclusions checklist
Exhibit 6: Types of plastic packaging
Exhibit 7: Market size 2017
Exhibit 8: Validation techniques employed for market sizing 2017
Exhibit 9: Global vacuum packaging market Market size and forecast 2017-2022 ($ bn)
Exhibit 10: Global vacuum packaging market Year-over-year growth 2018-2022 (%)
Exhibit 11: Five forces analysis 2017
Exhibit 12: Five forces analysis 2022
Exhibit 13: Bargaining power of buyers
Exhibit 14: Bargaining power of suppliers
Exhibit 15: Threat of new entrants
Exhibit 16: Threat of substitutes
Exhibit 17: Threat of rivalry
Exhibit 18: Market condition - Five forces 2017
Exhibit 19: Customer landscape
Exhibit 20: Functions of vacuum packaging materials