Modified Atmospheric Packaging Market to drive the Highest CAGR Growth by 2027
According to the MRFR analysis, the global modified atmospheric packaging market is estimated to grow at a CAGR of 5.3% during the estimated period (2017-2023).
The modified market for atmospheric packaging is growing rapidly, and is likely to continue to grow at the same rate over the forecast period. Modified atmospheric packaging (MAP) helps mitigate the loss of moisture and thus prevents the growth of microbes. MAP ‘s ability to extend food shelf-life over other packaging technologies is expected to boost its market growth. The high degree of restriction offered by MAP, which prohibits food interaction with atmospheric oxygen and causes contamination, is responsible for its high demand in the cash-rich food and beverage industry.
The global market for changed atmospheric packaging is segmented based on content, gases, application, and area. The market was segmented into the Polyvinyl Chloride (PVC), Ethylene Vinyl Alcohol, Polyethylene Terephthalate ( PET), Polypropylene ( PP), and Polyethylene ( PE) based on the content. Ethylene vinyl alcohol had represented the largest share of the global modified atmospheric packaging market in the material segment. FDA and health-safety agencies around the world accept polyethylene as safe for food contact. This material should make a significant contribution during the forecast period.
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The global market for modified atmospheric packaging is segmented by applications into dairy products, bakery & confectionery, convenience food, fruit & vegetables, and others. In the global changed atmospheric packaging industry, Bakery & Confectionery accounts for the biggest share of the application group. Bakery products include a wide number of ingredients based on the bread. Bread-based products needed a high proportion of carbon dioxide in packaging solutions to increase the shelf-life. That will therefore increase the adoption of this technology over the estimated period.
The market was segmented into nitrogen, oxygen , carbon dioxide, and others, based on the gasses. CO2 is the main gas in food packaging in modified atmospheres. Higher CO2 concentration the durability of a perishable food is longer. During the forecast period, therefore, carbon dioxide is expected to contribute significantly.
The global changed market for atmospheric packaging has been segmented into North America , Europe , Asia Pacific and Rest of the World (RoW) based on the regions. North America is the world leader in modified demand for atmospheric packaging. Growing demand for wrapped food is lashing market growth in this area. The US holds the North American region’s largest market share. Increasing concern for the hygienic packaging also increases demand for modified packaging in the atmosphere as it reduces contamination during handling. Furthermore, the government’s implementation of the Food Safety Modernization Act also has a positive influence on market growth.
Certain areas like North America and Europe are also expected to develop rapidly. The existence of sophisticated technology and major manufacturers provides the smart fleet management companies in this region with solid groundwork. Established automotive industry is also helping market growth in those regions. Growing number of commercial fleets in Europe and the USA, broadening the customer base to satisfy major manufacturers of smart fleet management systems. Significant technological advancement and research and development activities in North America and Europe are expected to give the smart fleet management market high prospects for rapid growth over the forecast period. Increasing urban population and high disposable income further boost demand for packaged food and drink. These are some of the factors that pour out market demand in the Asia Pacific region. The main contributors to the Asia Pacific market are China, Japan , India, Australia and Indonesia. China accounts for the largest share of the regional market as urbanization and industrial development are rapidly increasing.
The prominent players in the Modified Atmospheric Packaging market include CVP Systems Inc. (U.S.), Linde AG (Germany), Total Packaging Solutions, LLC (U.S.), Berry Plastics Corporation (U.S.), Praxair Inc. (U.S), Hayssen Flexible Systems (U.S.), Winpak Ltd. (Canada), Dansensor A/S (Demark), Ilapak Packaging Machinery (Switzerland), Sealed Air Corporation (U.S.), Coveris Holdings S.A. (Luxembourg), Bemis Company Inc. (U.S), Linpac Packaging Limited (U.K.), Amcor Limited (Australia), and Robert Reiser & Co., Inc. (U.S).
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