A recent report published by
Infinium Global Research on modified atmosphere packaging market provides
in-depth analysis of segments and sub-segments in the global as well as
regional modified atmosphere packaging market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
modified atmosphere packaging market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecast and dollar
values of the global modified atmosphere packaging market. According to the
report, the global modified atmosphere packaging market is projected to grow at
a CAGR of 4.65% over the forecast period of 2019-2025.
Modified atmosphere packaging is a
method used to extend the shelf life of fresh food. Atmospheric air is replaced
with a protective gas mix inside a package. This gas in the package makes sure
the product stays fresh for a long time. This method further helps in
preserving nutrition value, the appearance of packed food and freshness for a
long period. The amount of gases such as nitrogen, carbon dioxide and oxygen
used in the packaging depends on the respiration required for packaged food.
depending on the type of fresh and processed food such as fresh fruits, dairy
products, vegetables, poultry, and meat products Diverse structure of gaseous
constituents, technologies and materials are used in modified atmosphere
packaging.
Growing demand for quality
packaged food and increasing demand for fresh food are the main factors driving
the growth of the modified atmosphere packaging market. Further, increasing
consumers demand hygienic packaging for food, shifting trends towards
convenient and easy to handle packaging, and changes in lifestyle are also
supporting the growth of this market. MAP is advantageous for extending the
freshness of the food without fluctuating the surrounding temperature or other
chemical treatments such as dehydration, freezing, and others. It also protects
a product from deterioration, reduces the speed of the aging process of the
product and prolongs the shelf life of products. Hence these reasons fuel the
demand for the MAP market. Innovation in packaging also attracts consumers
towards MAP. Moreover, innovation in a packaging and growing demand for MAP in
emerging economies are likely to create the growth opportunity for this market
in upcoming years. On the other side, the high investment required for the
materials and machinery used in modified atmosphere packaging is hampering the
growth of the market.
In terms of geographies, North
America dominated the modified atmosphere packaging market followed by Asia
Pacific region. Factors such as increasing the income of an individual, growing
demand for on-the-go products, advancement in technology and innovation in
packaging from manufacturers are some of the major factors driving the growth
of the market. Further, in the Asia Pacific region owing to rapid urbanization,
awareness regarding the benefits of MAP, changing lifestyle, upsurge in
health-conscious consumers and growing demand for hygienic packaging for food
are some of the factors boosting the growth of the market in the Asia Pacific region.
The report on the global modified
atmosphere packaging market covers segments such as material, machinery,
atmosphere, and application. On the basis of material, the sub-markets include
polyamide, ethylene vinyl alcohol, polyethylene, and polyethylene
terephthalate. On the basis of machinery, the sub-markets include tray-sealer
machine, horizontal & vertical flow packaging machine, deep-drawing
machine, vacuum chamber machine, bag sealing machine, and bag-in-box. On the
basis of the atmosphere, the sub-markets include nitrogen, oxygen, and carbon dioxide.
On the basis of application, the sub-markets include dairy product, bakery
& confectionary, poultry, seafood & meat products, and Other
Applications.
The report provides profiles of
the companies in the market such as Air Products and Chemicals, Inc., Amcor
Limited, Bemis Company, Inc., Berry Global Inc., Gulf Cryo, Filtration Group
Corporation., Praxair Technology, Inc., ULMA Packaging, Sealed Air, COVERIS,
and Other
Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of modified atmosphere packaging market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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