Vacuum Packaging Market in Europe Size to grow by USD 2232.9 million between 2024-2028
According to a research report “ Vacuum Packaging Market in Europe” by End-user (Food, Non-food) Material (Polyethylene, Polyamide, EVOH, Others) Geography (Europe)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2232.9 million, at a CAGR of almost 4.18% during the forecast period. In the European market, vacuum packaging plays a pivotal role in enhancing the shelf life of various consumer goods. By eliminating air and preventing the escape of gases, vacuum packaging effectively preserves the freshness and quality of products. High-performance packaging materials, such as EVOH, PE, and polyamide, are utilized for their superior gas barrier properties. These substrates are infused with a customized blend of carbon dioxide, oxygen, nitrogen, and environmental gases to further extend the shelf life of the packaged items. This results in reduced product wastage, increased marketability, and ultimately, greater customer satisfaction.
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By End-user, the Food segment is projected to dominate the market size in 2024
The European market for vacuum packaging, primarily driven by the demand for polyethylene (PE) resins, experienced notable growth in 2023. PE, a durable and versatile packaging material, is the backbone of the plastic industry, accounting for over half of the world's ethylene consumption. Derived from petrochemical olefins, PE is used extensively to produce high-density PE (HDPE), low-density PE (LDPE), and linear low-density PE (LLDPE) films for packaging applications and plastic bags. The European production of HDPE is projected to surpass 4 million metric tons by 2023, underscoring the market's robust expansion.
By Material, Polyethylene segment is expected to hold the largest market size for the year 2024
The European vacuum packaging market represents a significant business opportunity, driven by the increasing demand for extended product shelf life, improved food safety, and reduced waste. Key players in this sector include Sealed Air Corporation, Amcor plc, and Mondi Group, who leverage advanced technologies to offer innovative solutions for various industries, including food, pharmaceuticals, and consumer goods. The market is expected to grow steadily due to increasing consumer awareness and regulatory support for sustainable packaging solutions.
Europe is forecasted to hold the largest market size by region in 2024
The European vacuum packaging market is experiencing significant growth, driven by the increasing demand for extended shelf life and improved product preservation. Key industries, such as food and beverage, pharmaceuticals, and healthcare, are major contributors to this trend. Advanced technologies, including modified atmosphere packaging and vacuum skin packaging, are fueling innovation and providing opportunities for market expansion. Regulatory compliance and sustainability are critical factors shaping the market landscape.
The Vacuum Packaging Market in Europe growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Vacuum Packaging Market in Europe is witnessing significant growth due to the increasing focus on food safety and preservation. Vacuum packaging is an effective solution for extending the shelf-life of perishable food items by eliminating the presence of 'germs', 'moisture', and 'external pollutants'. This packaging technique ensures the safety of food by preventing bacterial development and contamination, maintaining food freshness, and enhancing hygiene. The vacuum packing industry in Europe caters to various packaging needs, offering solutions such as thermoformed trays, films, pouches, and bags. These packaging items help reduce food waste by minimizing oxygen degradation and maintaining optimal oxygen levels. With the rise of convenience foods and the need for extended product shelf life, the vacuum packaging market in Europe is expected to continue its growth trajectory. The Polyethylene (PE) segment dominates the market due to its waterproof properties and cost-effectiveness. Overall, vacuum packaging plays a crucial role in ensuring food safety, reducing waste, and maintaining the freshness of packaged food.
Market Research Overview
The European vacuum packaging market encompasses various industrial goods, including rigid, semi-rigid, and flexible packaging solutions. These packaging types utilize materials like polypropylene, ethylene vinyl alcohol, polyamide, polyethylene, and polymers for vacuum skin packaging, modified atmosphere packaging, and intelligent sensors. Sustainability is a key trend, with a focus on recyclable materials and biodegradable films, adhesives, and polymers. Vacuum packaging is widely used in the food sector for ready-to-eat food goods, ensuring safety and food preservation. Meat industry, bakery items, dairy products, and fresh produce are significant applications. The vacuum packaging process involves vacuum pumps, chambers, and sealers, creating a sealed environment that inhibits the growth of spoilage-causing bacteria, mold, and germs. Key challenges include raw material costs, product losses due to spoilage and contamination, and sustainability concerns. Innovations in packaging, such as intelligent sensors, barrier packaging, and modern packaging techniques, address these challenges. The vacuum packaging market is driven by increasing demand for packaged food, convenience foods, and frozen food consumption. Sustainability practices include using recyclable films, reducing plastic waste, and incorporating oxygen scavengers. The market is influenced by regulatory bodies like FAO and OECD, focusing on food safety and hygiene. The vacuum packing industry is expected to grow, driven by household spending, seafood, and fish products, and retailers' demand for efficient packaging techniques.
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