VACUUM PACKAGING MARKET ANALYSIS

Regional Analysis

Market Outlook

• Asia Pacific is a major player in the global vacuum packaging market. The market growth is driven by factors such as high demand for packaged food, elevated healthcare expenditure, and rapid urbanization & industrialization in China and India. The augmented use of vacuum packaging in various end-use industries such as pharmaceuticals is projected to propel the growth of the vacuum packaging market
• Europe accounts for a large market share due to the presence of major packaged food and pharmaceutical manufacturers in this region on account of large packaged and processed food demand. Growing healthcare sector is also expected to propel the pharmaceutical packaging demand in the region. According to the Population Reference Bureau, Statistics Canada and EU, the geriatric population stood at 51 million in North America and 94 million in Europe as of 2016, which has boosted the pharmaceutical industry
• Emerging customer base in the Middle East and Africa region provides the vacuum packaging market with high growth opportunities. Increasing need for hygienic and safe products drives the vacuum packaging market in this region. Increasing use of pharmaceuticals due to epidemics such as Ebola in Africa is likely to drive the demand for vacuum packaging in African countries
• In Latin America, increasing awareness among consumers regarding food preservation and high disposable incomes coupled with growing reliance on packaged and easily available foods augment the growth of the vacuum packaging market. Presence of major processed food manufacturers such as Nestle and Heinz boosts the potential of vacuum packaging market in this region