Evolution of Vacuum Packaging-Business Overview, Key Insights, Recent Developments Vacuum Packaging is one such technology through which air is removed, thereby impeding the ability of oxygen-breathing microorganisms to grow and spoil the product. It is very essential that the precise integration of the product, process, package, and distribution exist in the supply chain to evade recontamination.
The global vacuum packaging market is gaining momentum with an increase in demand for hygienic packaging for various applications. The market players have responded to these opportunities by bringing technological advancements in the process of vacuum packaging.
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With the advent of packaging technologies, product safety and longer shelf-life have become requisites for product manufacturers. This developed an ever increasing need for packaging techniques to undergo packaging without hampering the quality of packaged products.
Vacuum packaging has become an imperative for many industries such as food, pharmaceuticals, industrial goods, and consumer goods, where preservation of a product is paramount.
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Growth Drivers: •
Hygienic Packaging of Food: A Critical Driver in the Packaging Industry
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Manufacturers’ Demand for A Longer Shelf-Life
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Shift Towards Easy-To-Handle and Convenient Packaging
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Growth in Pharmaceutical Industry
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Growth of the Parent Industry
Opportunities: •
Emerging Economies: High-Growth Potential Markets
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Sustainable Packaging: High Focus on Not Just Recycle But Reuse
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Emergence of New Technologies
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Growth of the E-Commerce Industry
The market for vacuum packaging has increased since the last decade because of the technological upgradations and innovations in the packaging industry. The global vacuum packaging market is projected to reach USD 27.67 Billion by 2020, at a CAGR of 4.24% from 2015 to 2020.
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There are various types of packaging materials that are used for vacuum packaging, such as polyethylene, polyamide, ethylene vinyl alcohol, and other materials such as packaging films, foils, trays, bags, and lids. These packaging materials used to vacuum pack products ensure that the modified atmosphere is retained during the lifetime of the product.
The key players in the vacuum packaging market include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Berry Plastics Corporation (U.S.), Sealed Air Corporation (U.S.), Linpac Packaging Limited (U.K.), Multisorb Technologies, Inc. (U.S.), Coveris Holding SA (U.S.), CVP Systems Inc. (U.S.), Ulma Packaging, and SCOOP (Spain), and Orics Industries, Inc. (U.S.).
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