Top 5 Applications Fueling Growth in the Modified Atmosphere Packaging Market
According to a research report published by Spherical Insights & Consulting, the Global Modified Atmosphere Packaging Market Size is Expected to Grow from USD 15.13 Billion in 2023 to USD 24.88 Billion by 2033, at a CAGR of 5.1% during the forecast period 2023-2033.
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Modified atmosphere packaging is a food packaging technique that extends the shelf life of perishable goods by regulating oxygen, carbon dioxide, and other gases in the packaging environment. This flexible technique is suitable for processed meals and fresh vegetables. The market for modified atmosphere packaging is growing as a result of consumer demand for convenience, fresher food, and extended shelf life. The food business is the main driver of this market, which is also influenced by busy lifestyles, healthier options, and awareness of food waste. Fresh produce, meat, poultry, dairy products, seafood, baked goods, and ready-to-eat meals are among the key product categories that employ modified atmosphere packaging to maintain and retain quality, cut down on waste, and give consumers access to more prepared meals and fresh commodities. Consumers want ready-to-eat meals and snacks to come in convenient, manageable packaging. Lightweight and sturdy packaging is essential for online grocery shopping and e-commerce. Modified atmosphere packaging ensures freshness and minimizes waste, by extending the shelf life of perishable foods. Consumption of fresh, minimally processed foods is driven by a focus on health and wellness. However, changed ambience technical expertise is needed for packaging, but small businesses could find it difficult to obtain.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Modified Atmosphere Packaging Market Size, Share, and COVID-19 Impact Analysis, By Product (Polyethylene, Ethylene Vinyl alcohol, and Nylon), By Application (Dairy Products, Bakery & Confectionery, and Poultry), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
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The ethylene vinyl alcohol segment is predicted to hold the largest market share through the forecast period.
Based on the product, the modified atmosphere packaging market is classified into polyethylene, ethylene vinyl alcohol, and nylon. Among these, the ethylene vinyl alcohol (EVOH) segment is predicted to hold the largest market share through the forecast period. Consumer demand for fresh, minimally processed foods with a lengthy shelf life is fueling EVOH’s expansion. Its barrier qualities keep fruits, vegetables, dairy products, and meats fresh. Pharmaceutical, cosmetic, and industrial packaging all make use of EVOH films and coatings.
The bakery & confectionery segment is anticipated to hold the largest market share during the projected timeframe.
Based on the application, the modified atmosphere packaging market is divided into dairy products, bakery & confectionery, and poultry. Among these, the bakery & confectionery segment is anticipated to hold the largest market share during the projected timeframe. In the baking and confectionery sectors, modified atmosphere packaging is frequently used to extend product shelf life, particularly for baked goods and perishable confections. This packaging is very important for online sales because it preserves the integrity of the goods while in transportation.
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North America is estimated to hold the largest share of the modified atmosphere packaging market over the forecast period.
North America is estimated to hold the largest share of the modified atmosphere packaging market over the forecast period. The meat, dairy, bread, and vegetable industries in North America had a significant impact on modified atmosphere Packaging’s efforts to cut waste and improve product appeal. The market was competitive, with companies selling gas, machinery, and packaging materials. Innovation and better technology resulted from this competition, and as bigger companies increased their product lines, there was consolidation.
Asia Pacific is predicted to have the fastest CAGR growth in the modified atmosphere packaging market over the forecast period. Asia-Pacific’s middle class, urbanization, and shifting consumer tastes have raised demand for perishable goods with longer shelf lives. One important element in this sector, modified atmosphere packaging, improves shelf life and product safety by guaranteeing the freshness and quality of products.
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 key players in the 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 Others.
Recent Development
- In June 2023, the new fiber-based modified atmospheric packaging (MAP) RAP Sandwich Wedge was introduced by ProAmpac, a well-known producer in the fields of flexible packaging and material science. The product, specifically for sandwiches and wraps, is introduced to the North American market.
- In January 2023, Solidus Solutions invested USD 11.5 million in FUTURLINE, a cutting-edge line of retail-ready packaging solutions that are being introduced in France, Spain, the United Kingdom, Germany, Benelux, and Poland. These solutions include skin packaging, punnets, and MAP (Modified Atmosphere Packaging). While still meeting the requirement for convenience, the packaging provides greater sustainability.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the modified atmosphere packaging market based on the below-mentioned segments:
Global Modified Atmosphere Packaging Market, Product
- Polyethylene
- Ethylene Vinyl Alcohol
- Nylon
- Oriented Polyterephthalic Acid
- Others
Global Modified Atmosphere Packaging Market, Application
- Dairy Products
- Bakery & Confectionery
- Poultry, Seafood
- Meat Products
- Convenience Food
Global Modified Atmosphere Packaging Market, By 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
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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