Vacuum Packaging Market 2016 Global Analysis and Forecast Report to 2020

Global Vacuum Packaging Market 2016-2020 is the new research report now available at RnRMarketResearch.com.

Vacuum packaging is growing in popularity worldwide. It can also complement alternative preservation methods. In such packaging, food is enclosed in a package from which oxygen is removed prior to sealing. This helps in increasing the shelf life and maintaining the quality of food. Food manufacturers are always looking for ways to improve product safety and extend the shelf life of products through the use of better packaging materials, such as vacuum packaging, without altering the physical or chemical properties of foodstuffs, or adding any preservatives.

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The analyst forecast global vacuum packaging market to grow at a CAGR of 4.41% during the period 2016-2020. This report covers the present scenario and the growth prospects of the global vacuum packaging market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market.

The report, Global Vacuum Packaging Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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The market is divided into the following segments based on geography: America, APAC and EMEA

Popularity of lightweight packaging will be a key trend for market growth. Lightweight packaging materials are gaining popularity among consumers. It also helps reduce transportation costs, leading to increased profitability. There is an increased focus on R&D to reduce wastage and enhance the usability of lightweight glass packaging. For instance, the properties of expanded polystyrene (EPS) include light weight, non-toxicity, and high thermal stability. Thus, it can be used for packaging edible items such as meat, fish, vegetable, and fruits. However, there are chances of leakage in vacuum packaging; hence, vendors need to ensure that the lightweight material used for manufacturing packaging products is leakage resistant.

According to the report, shift in consumer preference will be a key driver for market growth. Analysts anticipate that the global packaging market will grow at a rapid rate of 7% during the forecast period. Some demographic trends have positively impacted the global packaging market. For instance, urbanization and change in consumer lifestyles have propelled the demand for packaging solutions that are lightweight and have greater visual appeal. The rise in disposable income of consumers has also increased the demand for packaged products, which in turn has led to growing demand for packaging materials. In addition, the global packaging market has experienced a considerable shift in purchasing patterns, with customers demanding more flexible packaging solutions over rigid packaging.

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The following companies are the key players in the global vacuum packaging market: Amcor, Bemis Company, Berry Plastics, LINPAC, and Sealed Air.

Other Prominent Vendors in the market are: Coveris Holdings, CVP Systems, Harpak-ULMA Packaging, Multisorb Technologies, Orics, StePac, Venus Packaging, and Winpak.

Further, the report states that pricing pressure will be a challenge against the market growth. Volatility in prices of plastics, which is used as a raw material in the manufacturing of vacuum packaging, is a matter of concern. Some polymers are available at low prices, whereas others are priced higher based on their availability. In addition, a growing demand-supply gap has also led to an increase in the cost of raw materials. This volatility in the prices of plastic resins not only increases manufacturing costs of vacuum packaging, but also leads to a reduction in profit margins of vendors.

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