Pune, India, September 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Modified Atmospheric Packaging Market.
Market Research Future (MRFR) states that the Global Modified Atmospheric Packaging Market is expected to exhibit a CAGR of 4.30% over the forecast period (2022-2030). Modified atmospheric packaging (MAP) aids in minimizing moisture loss, hence prevent microbial growth. The ability of MAP to prolong the shelf lives of food over other packaging technologies is expected to surge its market growth. The high degree of restriction offered by MAP that prohibits the interaction of food with atmospheric oxygen, causing contamination, is responsible for its high demand in the cash-rich food and beverage industry.
The modified atmospheric packaging market has been segmented by material, application, and gases.
By material, the market has been segmented into Ethylene Vinyl Alcohol, Polyvinyl Chloride (PVC), Polypropylene (PP), Polyethylene Terephthalate (PET), and Polyethylene (PE). Ethylene vinyl alcohol possesses good gas barrier property that helps in retaining carbon dioxide and nitrogen, restricting interaction with oxygen. In addition, its restrictiveness to oil helps in the preservation of taste and aroma of the content. Hence, Ethylene Vinyl alcohol is to hold the largest share of the material segment. Polyethylene, as per the USFDA, can be termed as the safest in term of food interaction effect that can benefit the global modified atmospheric packaging market. The polyethylene segment is likely to expand at a high CAGR by 2030.
By application, the global market has been segmented into bakery and confectionery, dairy products, fruits & vegetables, convenience food, and others. The bakery and confectionery segment is expected to hold a massive share of the market.
By gases, the market has been segmented into oxygen, nitrogen, carbon dioxide, and others. Carbon dioxide is widely used gas in food packaging. Higher carbon dioxide concentration prolongs the shelf-life of food to a greater extent. Hence, the carbon dioxide segment is anticipated to register a high CAGR over the review period.
By region, the worldwide market of modified atmospheric packaging growth analysis covers Asia Pacific, North America, Europe, and the Rest of the World (RoW).
MRFR states that the market in North America is likely to lead over the assessment period. Increase in demand for wrapped food in North America is expected to benefit the market. High number of working professionals rely on ready-to-eat food, which is likely to promote the regional market. In addition, the high practice of hygienic food packaging is expected to boost the regional modified atmospheric packaging market over the review period. Stringent regulations in the US is another factor that can work in favor of the regional market. The Europe market accounted for holding the second largest share over the review period. Germany is the leading supplier of meat in European Union. As extensive number of meat export activities are observed in the region, the need for hygienic packaging is noted to surge.
In the Asia Pacific region, the modified atmospheric packaging market is expected to thrive at the highest CAGR over the forecast period. The fast-growing packaging industry, intensifying urban population, high demand for ready-to-go food, and escalation in purchase power of people are factors that are likely to underpin the expansion of the APAC modified atmospheric packaging market. China accounted for securing the lion’s share of the APAC market.
CVP Systems Inc. (U.S.), Linde AG (Germany), Berry Plastics Corporation (U.S.), Total Packaging Solutions, LLC (U.S.), Dansensor A/S (Demark), Hayssen Flexible Systems (U.S.), Ilapak Packaging Machinery (Switzerland), Praxair Inc. (U.S), Bemis Company Inc. (U.S), Coveris Holdings S.A. (Luxembourg), Sealed Air Corporation (U.S.), Amcor Limited (Australia), Linpac Packaging Limited (U.K.), Robert Reiser & Co., Inc. (U.S)., and Winpak Ltd. (Canada).
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