Vacuum Packaging Market - Forecast (2022 - 2027)
Vacuum Packaging Market is forecast to reach $30.5 million by 2026, after growing at a CAGR of 3.57% during 2021-2026. The significant factors contributing to the growth of the market is the growing perception of high quality and hygienic food packaging. The increased need for longer product shelf-life has guided the market for vacuum packaging. Furthermore, the increasing demand for vacuum packaging from both the pharmaceutical and food & beverage industries is projected to generate new opportunities for the growth of the global vacuum packaging industry in the forecast era. Impact of Covid-19 The COVID-19 pandemic will continue to affect the food industry and its supply chains. Rising home consumption due to shelter-in-place orders amid the pandemic is pushing customers to switch from outlets of retail foodservice to e-commerce platforms. This unexpected change in the trend of customers is emerging as a lifeline for producers of vacuum packaging. Request Sample Report Coverage T...