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Vacuum packaging market is expected to reach usd 28 67 billion by 2023

Published on Aug 16, 2017

Delores R. Reynolds
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Vacuum packaging is a type of packaging technology which removes air from the packaging before sealing the pack and extends the shelf life of food related products without adversely impacting their quality. Awareness regarding good quality and hygienic packaging foods are referred as some of the major factor contributing to the growth of the market. The rising population along with high disposable income is pushing the market. Moreover, ease of handling, portability and flexibility has increased popularity for vacuum packaging. The longer shelf life of products has also augmented the demand for vacuum packaging. However, high cost acts as a major barrier for the growth of the market. The global vacuum packaging market size is expected to cross USD 28.67 billion with a CAGR of 4.89% by the end of the forecast period

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