Vacuum Pouches Market-Rapid growth packaging industry by 2017–2024
This Vacuum Pouches Market report is an exhaustive research on companies active in Vacuum Pouches sector, its applications, products, end-users, trends and predictions on how the market will grow in coming years.
Global Vacuum Pouches Market size is likely to witness significant gains during the forecast period. Vacuum pouch is a packaging product made by sealing the bag after the process of excess air removal. Vacuum packaging is a common method of extending the overall shelf life of mainly, food and related products without risking its quality and texture.
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The prime factors responsible for propelling the global vacuum pouches market size in future are rapid urbanization and fast paced industrialization across the globe.
The major challenge to the vacuum pouches market size is the rising demand for improved atmospheric packaging products. Also, the high initial cost is a major drawback of the product, which may hamper the vacuum pouches market size by 2024.
Based on the type of packaging, the global vacuum pouches market can be classified into flexible and semi-rigid packaging. Flexible packaging is likely to experience maximum gains over the forecast timespan on account of its widespread applications across food & beverage, personal care and pharmaceutical sectors.
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Reasons to Buy This Report:
- Vacuum Pouches Market size & share forecast by product & application 2017-2024
- Growth drivers, pitfalls & industry challenges
- Key Vacuum Pouches Market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
The product finds application in several end-user industries such as food & beverage, consumer goods, industrial goods and pharmaceuticals. The product is generally used to preserve and protect fresh food and minimize the risk of its spoilage. This can be attributed to its high aroma retention strength and superior gas & moisture barrier properties.
The differentiating factor of Vacuum Pouches Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook. Business focused multiple trends for Vacuum Pouches industry are discussed along with regional trends to offer an overall view of the market.
High performance properties such as mechanical strength at low cost & thickness and excellent machine handling (the ability to resist curls), makes the product desirable in the packaging applications. Other characteristics of the product such as excellent mechanical strength which provides resistance to tearing and puncture, making it suitable for packaging of industrial as well as consumer goods.
The ‘industry insights’ chapter of this research provides the most comprehensive analysis of Vacuum Pouches Market covering segmentation, size, forecasts, ecosystem analysis and more. Industry impact forces (regional and global) that cover growth drivers and challenges, growth potential analysis, a strategy dashboard for competitive landscape of Vacuum Pouches Market support this sector specific data and information points.
Asia Pacific is likely to witness exponential rise in product demand due to speedy growth of retail industry, which is expected to positively influence packaging industry in the coming years. In case of North America and Europe, the increased demand for industrial products from developed countries of these regions will be driving the vacuum pouches market in coming future. Whereas, Middle East & Africa and Latin America shall witness a moderate growth rate in vacuum pouches market over the projected period.
The prominent market share contributors functional in the industry are Bemis Company Inc., Sealed Air Corporation, Amcor Limited, Mondi Group and Wipak Group. Other companies include Berry Plastics, Universal Plastic Bags, Tyler Packaging, InterPlas, The Vacuum Pouch Company and Swisspac.
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