Mayur Yeole

What's driving the Modified Atmospheric Packaging Market Growth?

Competitive Outlook

Robert Reiser & Co., Inc., Amcor Limited, Bemis Company Inc., Linpac Packaging Limited, Coveris Holdings S.A., Total Packaging Solutions, LLC, Ilapak Packaging Machinery, Sealed Air Corporation, Berry Plastics Corporation, Dansensor A/S, Linde AG, Hayssen Flexible Systems, Winpak Ltd., CVP Systems Inc., and Praxair Inc. are key players of the global modified atmospheric packaging market.

Modified atmospheric packaging (MAP) is a process of creating a barrier around fresh foods to extend its shelf life. It replaces the atmospheric air with a protective gas mixture. The use of this type of packaging is known to reduce the probability of rancidity, slows growth of bacteria and fungi, and maintains taste in food. The global modified atmospheric packaging market report by Market Research Future (MRFR) contains an overview of the industry coupled with expectation of the food & beverages industry and consumers for the period of 2017 to 2023 (forecast period). The outbreak of the COVID-19 virus and its implications on food processing are explored in the report.

Market Scope

The global modified atmospheric packaging market is estimated to grow at a CAGR of 5.3% during the estimated period. The modification of atmospheric gases within the packaging to preserve the taste and aroma of foods is likely to drive market demand. High consumption of fast and processed foods by consumers can warrant its demand and fuel market growth over the forecast period. The restriction on movement during the COVID-19 pandemic had led to shopping of foods with longer shelf life and led to increased demand for foods packed with MAP technologies.

Segmentation

On the basis of the material, the market has been segmented into polyethylene terephthalate (PET), polyvinyl chloride (PVC), polypropylene (PP), ethylene vinyl alcohol (EVOH), and polyethylene (PE). Ethylene Vinyl alcohol had accounted for the largest share in the material segment of the global modified atmospheric packaging market. EVOH material offers excellent gas barrier properties while retaining good processing. EVOH bars oxygen and retains nitrogen and carbon dioxide used in the modified atmosphere packaging (MAP). This material also has a very high resistance to oils and preserves taste and aroma. On the other hand, polyethylene is also the most common plastic material used in daily life and can contribute to overall market revenue over the forecast period. Polyethylene is accepted as safe for contact with foods by FDA and health safety agencies around the world. 

On the basis of application, the global modified atmospheric packaging market is segmented into fruits & vegetables, convenience food, dairy products, bakery & confectionery, and others. Bakery & confectionery accounted for the largest share of the global modified atmospheric packaging market. Bakery products contain a large number of bread-based products. To increase the shelf life, bread-based products required a high proportion of carbon dioxide in packaging solutions. Hence, this will increase the adoption of this technology during the estimated period. Recently, Stewart Systems launched a bulk packaging system for buns with MAP for fast-food service restaurants. The air in the packaging is removed with a vacuum and the bag is filled with nitrogen gas for extending the life of buns by 21 days.

On the basis of the gases, the market has been segmented into carbon dioxide, nitrogen, oxygen, and others. Carbon dioxide is the most important gas in food packaging under modified atmospheric packaging. 

Regional Analysis

On the basis of the regions, the global modified atmospheric packaging market has been segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). North America leads the global modified atmospheric packaging market. Increasing demand for wrapped food in this region is propelling the growth of the market. The U.S. holds the largest market share in the North American region. Increasing concerns about hygienic packaging also increased the demand for modified atmosphere packaging as it reduces contamination during handling. 

Europe is accounted for the second largest share of the global MAP market and is expected to contribute significantly to the market growth during the forecast period. Germany is one of the top meat producers in EU. It also leads the European market in the production and export of pork and taken the second spot for beef production with a share of 15%. This has increased the need for proper packaging of meat, which can drive the growth of the modified atmospheric packaging market.

APAC is anticipated to grow at the highest CAGR during the forecast period due to the rapid growth in the packaging business. Expansion of the urban population and high disposable income levels can increase the demand for packaged food and beverages. Australia, China, India, Japan, and Indonesia are major contributors to the APAC market. China accounted for the largest share of the regional market due to rapid growth in urbanization and industrial development.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/modified-atmospheric-packaging-market-2534

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