Vacuum packaging technology, which allows the meat to maintain its freshness for months, has widened the sales window in retail outlets. Packaging costs, distribution costs, and shelf life, all complement the profit per pound of meat. Retailer and consumer appeal also add to the increased sales volume of meat. Most vacuum packaging has been done in the flexible pack type, which is mostly low cost and involves less secondary packaging. Since vacuum packaging provides a longer shelf life, the product can be kept for months without any wastage, which is expected to decrease costs in the food industry. Vacuum-packed fresh meat reportedly lasts for 35 days or more, under refrigerated conditions and can be safely consumed within a more extended window compared to other packaging types. Air-tight, high barrier vacuum packaging increases preservation time along with providing extra durability to the package, avoiding the risk of cross-contamination, improving the retail display, and helping with low-cost distribution.
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In the aftermath of COVID-19, the industry has witnessed a supply chain disruption on account of the voluntary shutdown of factories or authority-enforced closures. In some cases, though, the workforce crowd at the supplier base has been cut down to ensure optimal work is carried out to deliver smaller batches of materials required at the manufacturing center. From a demand perspective, food products across all categories have spiked as some level of hoarding has increased in urban areas. Such demand has been volatile in the last few weeks across Europe, especially Western Europe.
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Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- by Material, and End-user
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Amcor plc; Berry Global, Inc.; Mondi; Sealed Air Corporation; and Winpak Ltd.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Vacuum Packaging Market Report Segment
By Material
- Polyethylene (PE)
- Polyamide
- Ethylene Vinyl Alcohol (EVA)
- Other
By End-User
- Food Industry
- Other
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