global vacuum packaging market, which valued at US$15.0 bn in 2015, will surpass US$22.8 bn by 2024, registering a CAGR of 4.9% between 2016 and 2024.
Albany, NY -- (SBWIRE) -- 12/13/2016 -- The primary objective of the report is to identify opportunities in the market and present updates as well as insights pertaining to various segments of the global vacuum packaging market.
Nowadays vacuum packaging is one of the most acceptable approach for packaging food and other products. The process for vacuum packaging involves withdrawal of the air included in the package and then sealing it. Vacuum packaging is a common technique of extending the shelf life of food related products without adversely impacting their quality. Vacuum packaging is segmented on the basis of material type, packaging type, application and region. New and innovative developments which includes production of vacuum packages that holds recyclable packaging, and light-weight packaging are accumulating value to the vacuum packaging market.
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Robust consumption of convenience and processed food has been the major growth drivers of the global vacuum packaging market. Rising awareness about food safety and hygiene have become consumer's foremost urgency. This has accelerated the demand for vacuum packaging globally. Escalating household income as well as consumer inclination to spend for hygienic food are anticipated to impel the growth of global vacuum packaging market during the forecast period. Apart from this, speedy industrialization in the emerging clusters of the globe, coupled with higher population growth is anticipated to bolster the growth of global vacuum packaging market during the period 2016-2026.
Global Vacuum Packaging Market: Scope of the Report
In order to understand and assess opportunities in this market, the report is categorically divided into four key sections on the basis of material type, pack type, application and region. The report analyses the global vacuum packaging market in terms of value (US$ Mn)
The report begins with an overview of the global vacuum packaging market, evaluating market performance in terms of revenue, followed by TMR's analysis of key trends, drivers, and restraints witnessed in the global market. Impact analysis of the key growth drivers and restraints based on the weighted average model is also included in the report.
Global Vacuum Packaging Market: Competitive Dynamics
In the final section of the report, vacuum packaging market competitive landscape is included to provide a dashboard view of companies that manufacture and provide services of vacuum packaging market. The report contains company profiles of some of the key players in the global vacuum packaging market.
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Key market players featured in this report are:
Bemis Co. Inc.
Sealed Air Corp.
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