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Vacuum Packaging Market Share

Report ID: GMI7978
Published Date: Jan 2024
Report Format: PDF

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Vacuum Packaging Market Share

The competitive landscape of the vacuum packaging industry, featuring major players such as Amcor Limited, Berry Global Inc., Bosch Packaging Technology, Mondi Group, and Sealed Air Corporation, reflects a moderately concentrated market with notable initiatives driving competition. While these companies contribute significantly to the industry's dynamics, there is still a degree of fragmentation with diverse product offerings and market shares. Competitive approaches among these key players encompass a mix of pricing strategies, distribution network strength, and continuous product innovation. Pricing remains a crucial aspect, with companies strategically positioning their Vacuum Packaging products to attract a broad customer base. Distribution channels play a vital role, particularly for global players like Amcor Limited and Berry Global Inc., leveraging extensive networks to ensure widespread availability of their products.

Major companies have undertaken key initiatives to stay competitive. For example, Amcor Limited investing in research and development of new vacuum packaging technologies, such as active packaging that can extend shelf life even further. In May 2022, Amcor introduced PowerPost technology to create sustainable bottles. PowerPost is the most sophisticated light weighing solution for hot-filled beverages.

In January 2020, Amcor, a packaging provider, and Moda, a vacuum shrink packaging technology supplier, partnered together to create novel packaging solutions. As part of the collaboration, Amcor's shrink bag and roll stock film for meat and cheese will be manufactured utilizing Moda's packaging method.

Vacuum Packaging Market Companies

Major players operating in the vacuum packaging industry include:

Amcor Limited
Berry Global Inc.
Bosch Packaging Technology
Coveris Holdings S.A.
CVP Systems, Inc.
Henkelman
LINPAC Packaging
Mondi Group
MULTIVAC
Orics Industries, Inc.
PAC Machinery
Promarks Inc.
Sealed Air Corporation
ULMA Packaging
Winpak Ltd.

Authors: Suraj Gujar, Sunita Singh

Frequently Asked Questions (FAQ) :

Global industry size for vacuum packaging was valued at around USD 8 billion in 2023 and is anticipated to register a CAGR of over 4.8% between 2024 and 2032, owing to the rising consumer demand for extended shelf life and better food preservation.

Polyethylene segment held the dominant market share worth USD 3.5 billion in 2023, driven by its unique properties, which satisfy critical industrial demands.

North America vacuum packaging market generated a revenue of USD 3 billion in 2023, attributed to rising preference for easy & sustainable packaging solutions, improved consumer awareness of food safety, and an expanding F&B sector.

Amcor Limited, Winpak Ltd., Berry Global Inc., ULMA Packaging, Bosch Packaging Technology, Sealed Air Corporation, Coveris Holdings S.A., Promarks Inc., CVP Systems, Inc., PAC Machinery, Henkelman, LINPAC Packaging, Orics Industries, Inc., Mondi Group and MULTIVAC