Vacuum Packaging for Food Market| COVID-19 Impact, Business Overview, Challenges, Opportunities, Trends and Market Analysis By 2023

Vacuum Packaging for Food Market Scenario

The global Vacuum Packaging for Food market has been segmented based on material, packaging, application, and region. Based on the material the market is segmented into Polyethylene (PE), and Polyamide (PA). Among these, the polyethylene segment dominated the global Vacuum Packaging for Food market with 49.23% of share in 2016, in terms of value.

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Based on the application, the market is segmented into pharmaceutical, food, industrial, consumer goods, and others. The food segment dominated the global Vacuum Packaging for Food market with 31.69% of share in 2016, in terms of value.

Key Players

E. I. duPont de Nemours and Company (U.S.), Bernis Company Inc.(U.S.), Amcor Ltd. (Australia), Berry Plastic Corp. (U.S.), Linpack Packaging Ltd. (U.K.), Sealed Air Corp. (U.S.), Coveris Holdings (Luxembourg), Winpak, and Green Packaging Material (Jiangyin) Co., Ltd. (China). and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Vaccum Packaging Market.

Segmentation

The Global Vacuum Packaging for Food Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Product Material: Comprises PE, PA, and others.

Segmentation by Packaging: Comprises Rigid Packaging, Flexible Packaging, and Semi-Rigid Packaging

Segmentation by Application: Comprises Pharmaceutical, Food, Industrial, Consumer Goods, and Others

Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Regional Analysis

Asia pacific is referred as the largest & fastest growing market for Vacuum Packaging for Food, followed by Europe & North America. Increasing population, rising packaged & convenience food demand, healthcare expenditure is driving the market in Asia-Pacific region. Moreover, rapid industrialization in China and India expected to propel the regional market in the forecast period. Furthermore, growing healthcare sector is expected to propel the pharmaceutical packaging demand in the region. COVID-19 Impact

Whereas, Europe is referred as second largest market in terms of revenue. Factors such as emergence of eco-friendly packaging technologies, which are inexpensive and manufactured from recycled material are driving the market in Europe.

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