New York, United States, Dec. 11, 2023 (GLOBE NEWSWIRE) -- The Global Modified Atmosphere Packaging Market Size to Grow from USD 14.4 Billion in 2022 to USD 19.3 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period.
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In order to increase the shelf life of perishable items, Modified Atmosphere Packaging (MAP) alters the climate inside the box. Modified Atmosphere Packaging works to reduce the rate at which food products deteriorate by controlling the levels of oxygen, carbon dioxide, and other gases in the packing environment. Modified Atmosphere Packaging is a versatile method of packaging that may be applied to a range of products, such as processed foods and fresh produce. The market for Modified Atmosphere Packaging has been continuously growing as a result of growing consumer demand for food products with longer shelf lives, higher freshness, and greater convenience. A few factors that have spurred this demand are busy lifestyles, the desire for healthier options, and a growing awareness of food waste. Fresh produce, meat and poultry, dairy products, seafood, bakery items, and ready-to-eat meals are just a few of the key product categories that have used Modified Atmosphere Packaging for preservation and quality retention. Fresh food is routinely packaged and displayed by retailers and supermarkets utilising Modified Atmosphere Packaging technology. They can reduce waste while giving clients more prepared meals and fresh goods.
Browse key industry insights spread across 200 pages with 110 market data tables and figures & charts from the report on the "Global Modified Atmosphere Packaging Market Size By Product (Polyethylene, Ethylene Vinyl alcohol, Nylon), By Application (Dairy Products, Bakery & Confectionery, Poultry), By Geographic Scope And Forecast, 2022 – 2032."
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Insights by Product
The Ethylene Vinyl alcohol segment accounted for the largest market share over the forecast period 2023 to 2032. Consumer demand for fresh, minimally processed meals with a long shelf life is a key factor driving EVOH's expansion. Meats, dairy, various fruits and vegetables, as well as other products, can retain their freshness longer because to the barrier properties of EVOH. EVOH films and coatings are used for a variety of different things than food packaging. They are used in industrial packaging, pharmaceutical packaging, and cosmetic packaging due to their strong gas and smell barriers. Outside of North America and Europe, regions where EVOH in Modified Atmosphere Packaging was expanding included Asia-Pacific and Latin America. The expanding markets and rising consumer incomes in these regions have opened up new possibilities for EVOH packaging.
Insights by Application
The Bakery & Confectionery segment accounted for the largest market share over the forecast period 2023 to 2032. Modified Atmosphere Packaging is frequently used in the bakery and confectionery sectors to extend product shelf life. This is especially important for baked goods and confections, which are prone to staling and rotting. Manufacturers have a variety of options for Modified Atmosphere Packaging, including trays, bags, and pouches. These options allow you to personalise a variety of bakery and confectionery items, including cookies, cakes, chocolates, and pastries. Due to the expansion of e-commerce and online meal delivery services, this sector has adopted Modified Atmosphere Packaging. Packaging that preserves product quality throughout transit is crucial for online sales.
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Insights by Region
North America is anticipated to dominate the Modified Atmosphere Packaging market from 2023 to 2032. The food industry, which includes segments such as meat and poultry, dairy, baked goods, and fresh vegetables, was a big contributor to Modified Atmosphere Packaging in North America. Modified Atmosphere Packaging was adopted by the manufacturers and retailers in these sectors to reduce food waste and enhance product appeal. Food safety and labelling rules were among the laws that governed the Modified Atmosphere Packaging industry in North America. These laws had to be followed by businesses that competed in this market. There were several companies offering Modified Atmosphere Packaging solutions in the competitive North American market, including suppliers of packaging materials, equipment, and gas.
Asia Pacific is witnessing the fastest market growth between 2023 to 2032. This expansion was facilitated by urbanisation, evolving consumer preferences, a rising middle class, and increased demand for perishable goods with longer shelf life. The food and beverage industry had a big impact on Modified Atmosphere Packaging in the Asia-Pacific area. Modified Atmosphere Packaging helped to maintain the quality and freshness of goods like fresh fruit, meat, seafood, dairy and processed meals during transportation and storage.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major Players in the Global Modified Atmosphere Packaging Market include Air Products And Chemicals, Amcor, Bemis, Berry Plastics, Hayssen Flexible Systems, Coveris Holdings, Linde, Orics Industries, Praxair, Sealed Air, Cvp Systems, Dansensor, Ilapak International, Linpac Packaging, Multisorb Technologies, Robert Reiser, Ulma Packaging, and other key vendors.
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Recent Market Developments
- In January 2021, The Carbon Trust's 'Reducing CO2 Packaging' Label was printed on Amcor packaging, according to a statement from Amcor Plc, to show significant carbon footprint reductions.
Competitive Landscape
Major players in the market
- Air Products And Chemicals
- Amcor
- Bemis
- Berry Plastics
- Hayssen Flexible Systems
- Coveris Holdings
- Linde
- Orics Industries
- Praxair
- Sealed Air
- Cvp Systems
- Dansensor
- Ilapak International
- Linpac Packaging
- Multisorb Technologies
- Robert Reiser
- Ulma Packaging
Market Segmentation
This study forecasts revenue at global, regional, and country levels from 2022 to 2032.
Modified Atmosphere Packaging Market, Product Analysis
- Polyethylene
- Ethylene Vinyl Alcohol
- Nylon
- Oriented Polyterephthalic Acid
- Others
Modified Atmosphere Packaging Market, Application Analysis
- Dairy Products
- Bakery & Confectionery
- Poultry, Seafood
- Meat Products
- Convenience Food
Modified Atmosphere Packaging Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
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