Vacuum Shrink Bags Market Size Worth $2,182.59 Million By 2032 | CAGR: 5.2%

The global vacuum shrink bags market size is expected to reach USD 2,182.59 Million by 2032, according to a new study by Polaris Market Research. The report “Vacuum Shrink Bags Market Share, Size, Trends, Industry Analysis Report, By Barrier Type (Low Barrier, Medium Barrier, High Barrier, Ultra High Barrier); By Thickness; By Material Type; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Vacuum shrink bags offer shelf life to food items and help producers present their products to customers at the point of sale. These bags are used in the storage of meat, cheese, and other foodstuffs. These bags facilitate the storage of food items and, in turn, reduce the cost of transportation. These bags are used to pack meat, seafood, and dairy products for export to other nations. Brazil is the largest exporter of beef, with an estimation of 3,000 MT by 2023 constituting 25% of global production.

This is stimulating the need for vacuum shrink bags in top exporting countries, such as Brazil, Australia, and India. Efficient packaging can increase the shelf life of beef, which is driving the demand for shrink vacuum bags by exporters in the coming years.

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Shrink bags allow for a visually attractive package of food. It protects the food against moisture and assists in capturing the aroma and flavor of packaged food. Storage of food in these bags is natural, as they observe moisture at the time of packing and seal the cover to disrupt the inflow of moisture and air.

According to Invest India, India's food processing industry is becoming the largest in the world and is expected to reach USD 535 Million by 2025–2026. The share of the food processing industry in Indian exports is 10.4%. Atmanirbhar Bharat, along with product-linked incentives, is driving this country to be self-sufficient in production and increase exports to other countries. This is driving the demand for quality packaging and low storage. This will drive the growth of vacuum-shrink bags due to their features.

Vacuum Shrink Bags Market Report Highlights

• Ultra-High Barrier segment is anticipated to witness faster growth in the coming years due to its ability to protect from air and UV light.
• 90-110 microns segment accounted for the largest market share owing to its utility in the packaging of industrial components.
• North America is expected to have a larger revenue share owing to the large presence of poultry exporters.
• The global players include Cryovac, Uline, LEM Products, Weston Brands, Koch Supplies, VacMaster, UltraSource & ShieldNSeal.

Polaris Market Research has segmented the vacuum shrink bags market report based on barrier type, thickness, application and region:

Vacuum Shrink Bags, Barrier Type Outlook (Revenue - USD Million, 2019 - 2032)

• Low Barrier
• Medium Barrier
• High Barrier
• Ultra High Barrier

Vacuum Shrink Bags, Thickness Outlook (Revenue - USD Million, 2019 - 2032)

• Upto 50 microns
• 50-70 microns
• 70-90 microns
• 90-110 microns
• Above 110 microns

Vacuum Shrink Bags, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Food
• Electronics
• Cosmetics & Personal Care
• Homecare
• Healthcare
• Industrial
• Others

Vacuum Shrink Bags, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Vacuum Shrink Bags Market Report Scope