Global Modified Atmosphere Packaging Market Industry Analysis, Trends and Forecast to 2025

Global Modified Atmosphere Packaging Market was valued at an estimated USD 10.8 billion in 2017 and it is expected to rise up to USD 14.7 billion by the end of the forecast period (2018-2025), registering a CAGR of 4.0% along the way. The rise in demand for fresh consumer goods has been a reason behind the growth of the market as this method of packaging makes sure that the freshness of the products is maintained throughout the manufacturing to the consumer timeline.
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Global Modified Atmosphere Packaging Market
Modified Atmosphere Packaging is the method of packaging the materials/products by replacing the air surrounding the product with a single gas or a mixture of a number of gases. This process is mainly established to maintain the freshness of the product till it reaches the consumer and it also extends the shelf life significantly. It helps in maintaining the nutritional value, and also maintaining the visual and textural integrity of the product.
Segmentation:
The global market for Modified Atmosphere Packaging by the following sub-categories is presented
By Materials
• PVC
• Ethylene Vinyl Alcohol
• PET
• Polyamide
• Others
By Packaging Gas
• Carbon-Dioxide
• Oxygen
• Nitrogen
• Others
By Machine
• Horizontal & Vertical Flow Packaging
• Deep-Drawing
• Tray-Sealing
• Others
By Application
• Poultry, Seafood & Meat Products
• Bakery & Confectionary
• Convenience Food
• Others
By Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa
Market Drivers:
• Manufacturers and consumer’s demand for hygienic packaging, prolonged shelf-life, convenient packaging is driving the growth of the market
• This packaging helps maintain the original nature of the product making sure the product’s integrity is maintained over a longer period of time till it is ready to consume. This factor is one of the major reasons for the growth of the market
Market Restraint:
• High cost of machinery required and the maintenance cost required is one of the reasons halting the progress of the market
• Regulations maintained by the different authorities regarding the use of materials and gases in this packaging is also halting the progress
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Key Market Competitors:
The key players operating in the Global Modified Atmosphere Packaging Market are Klöckner Pentaplast, Filtration Group Corporation, The Linde Group, Berry Global Inc., Barry-Wehmiller Companies, MOCON Europe A/S, Air Products and Chemicals Inc., Amcor Limited, Bemis Company Inc., COVERIS, CVP® Systems LLC., Ilapak, ORICS, Praxair Technology Inc., Reiser, Sealed Air, ULMA Packaging S.Coop.
Competitive Analysis:
The Global Modified Atmosphere Packaging Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Modified Atmosphere Packaging Market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Insights:
• Complete market analysis and forecasting
• Market definition, understanding the concept of Modified Atmosphere Packaging
• Market drivers and restraints of the industry
• Market segmentations and market share divided amongst them
• Key players in the market and their analysis
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