Global Food Vacuum Machine Market to exceed USD 21.35 billion by 2030 from USD 12.22 billion in 2020 at a CAGR of 5.74% in the coming years, i.e., 2020-30. Increasing demand for shelf-stable products and ready-to-eat meals due to the hectic and busy lifestyles of the populace is propelling the growth of the global market. Mounting inclination towards convenient and easy-to-handle packaging is also contributing towards the overall market growth.
In November 2019, Ulma Packaging invested approximately EUR 5 million to complete the expansion of its tray sealing plant in Onati, Spain, following its recent expansion. This new plant will help the company increase its production capacity.
In September 2019, Multivac (Germany) launched new tray sealing and chamber belt machines for automated vacuum packaging of food products in film containers. This will help the company to strengthen its product portfolio.
Consumer preferences have observed a major shift towards ready-to-eat products due to a busy lifestyle which has propelled the growth of the food vacuum machine market. Over the past few years, the demand for easy-to-handle and convenient packaging products has increased which is a key driving factor for the growth of the global food vacuum machine market.
Higher costs involved in the deployment of vacuum machines are the key factor restraining the growth of the global market. Food vacuum packaging machines also entail frequent maintenance, overall leading to higher prices for installation and further maintenance of the machinery.
