Market Size in 2020 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD XX Billion | USD XX Billion | XX% | 2020 |
Modified atmosphere packaging is smart technology to increase the shelf life of packaged foodstuff. The technology maintains the freshness, color, appearance, and nutritional value of packaged food for a long period. It changes the gaseous composition inside the packaged food to aid in the growth of good microorganisms and thus the color of the packaged food remains unchanged. The materials used in the packaging have a specified level of gas and water vapor absorbing capability. It lowers the product’s aging process. The global modified atmosphere packaging market is expected to grow at a rapid pace during the forecast period.
The foremost factor driving the global modified atmosphere packaging market is the growing demand for packaged food owing to the rising consumer awareness regarding healthy food products and healthy lifestyles of the people.
There is a growing demand for various packaged food products like fruits & vegetables, seafood, processed meat, dairy products, fish, and many more. Moreover, modified atmosphere packaging is much preferred by food retailers due to the low cost of storage and production. The technology is preferred across the globe because it has eliminated the use of chemical preservatives in food products. Furthermore, the presence of prominent players in the global modified atmosphere packaging market also drives the market growth.
The global modified atmosphere packaging market can be segmented into application, material, machinery, atmosphere, and region.
By application, the market can be segmented into convenience food, dairy products, fruits & vegetables, poultry, seafood, and bakery & confectionary. The bakery & confectionery segment holds the hegemony over others due to the growing demand for bread-based products. A high proportion of gases like carbon dioxide is used in packaging solutions for bread-based products to extend their shelf life.
By material, the market can be segmented into polyamide, polyvinyl chloride (PVC), polypropylene, oriented polyethylene-terephthalate, polyethylene, ethylene vinyl alcohol, and others. The ethylene-vinyl alcohol segment holds the largest market share as it offers outstanding gas barrier properties and retains enhanced processability. Ethylene-vinyl retains nitrogen and keeps oxygen out. It has high resistance against oil and preserves aroma & taste. Polyethylene is considered safe for utilizing in food products by the FDA and various health safety agencies across the globe. The material is anticipated to drive the growth of the global modified atmosphere packaging market significantly.
By machinery, the market can be segmented into bag-sealing machines, deep-drawing machines, vacuum chamber machines, tray-sealing machines, vertical & horizontal flow packaging machines, and others.
By atmosphere, the market can be segmented into nitrogen, carbon dioxide, oxygen, and others. The carbon dioxide segment holds the largest market share in food packaging because its high concentration increases the durability of perishable food products.
Report Attributes | Report Details |
---|---|
Report Name | Modified Atmosphere Packaging Market Research Report |
Market Size in 2020 | USD XX Billion |
Market Forecast in 2028 | USD XX Billion |
Growth Rate | CAGR of XX% |
Number of Pages | 214 |
Key Companies Covered | Ilapak International S.A., CVP Systems Inc., Hayssen Flexible Systems Inc., Dansensor A/S, Praxair Inc., Linde AG, Coveris Holdings S.A., Sealed Air Corporation, Bemis Company Inc., Amcor Limited, Berry Plastics Corporation, and Air Products & Chemicals Inc. |
Segments Covered | By Material, By Machinery, By Atmosphere, By Application, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2020 |
Historical Year | 2016 to 2019 |
Forecast Year | 2021 - 2028 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America holds the largest market share in the global modified atmosphere packaging market due to the growing demand for wrapped food. The US is the leading country in the region due to growing concerns regarding the hygienic packaging of food products. Moreover, there is an increasing demand for this technology in the region because it reduces the possibility of contamination during product handling.
Europe is expected to grow and dominate the global modified atmosphere packaging market during the forecast period. Germany is among the top meat-selling countries in the region and it is the potential region for market growth. Moreover, it is the leading country for the export of beef and thus there is a high need for the proper packaging technology that enhances the quality of the food product.
Asia Pacific is expected to grow with a high CAGR during the forecast period owing to the proliferation of the packaging business in the region. Rapid urbanization and growing per capita & disposable income of the people further propel the regional growth of the market.
Some of the significant companies in the global modified atmosphere packaging market are:
Ilapak International S.A.
CVP Systems Inc.
Hayssen Flexible Systems Inc.
Dansensor A/S
Praxair Inc.
Linde AG
Coveris Holdings S.A.
Sealed Air Corporation
Bemis Company Inc.
Amcor Limited
Berry Plastics Corporation
Air Products & Chemicals Inc.
By Material
By Machinery
By Atmosphere
By Application
By Region
FrequentlyAsked Questions
The foremost factor driving the global modified atmosphere packaging market is the growing demand for packaged food owing to the rising consumer awareness regarding the healthy food products and healthy lifestyle of the people. Furthermore, the presence of prominent players in the global modified atmosphere packaging market also drives market growth.
Some of the significant players in the global modified atmosphere packaging market are Ilapak International S.A., CVP Systems Inc., Hayssen Flexible Systems Inc., Dansensor A/S, Praxair Inc., Linde AG, Coveris Holdings S.A., Sealed Air Corporation, Bemis Company Inc., Amcor Limited, Berry Plastics Corporation, and Air Products & Chemicals Inc.
North America holds the largest market share in the global modified atmosphere packaging market due to the growing demand for the wrapped food. The US is the leading country in the region due to growing concerns regarding the hygienic packaging of food products. Moreover, there is an increasing demand for this technology in the region because it reduces the possibility of contamination during product handling.
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