Modified Atmosphere Packaging Market Worth $13.78 Billion by 2020
02 Sep, 2015, 16:00 BST
PUNE, India, September 2, 2015 /PRNewswire/ --
The report "Modified Atmosphere Packaging Market by Application (Dairy Products, Bakery & Confectionery, Poultry, Seafood, & Meat Products, Convenience Food, Fruits & Vegetables, & Others) by Region - Global Trends & Forecast to 2020", published by MarketsandMarkets, The Global Modified Atmosphere Packaging Market is projected to reach $13.78 Billion by 2020, at a CAGR of 4.3%.
Browse 72 Tables and 98 Figures spread through 220 Pages and in-depth TOC on "Modified Atmosphere Packaging Market"
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The analysis in the report has been conducted on various market segments derived on the basis of application, geography, material, machinery/technology, and atmosphere/gases with respect to the Global Modified Atmosphere Packaging Market. On the basis of application, the market has been segmented into dairy products, bakery & confectionary, poultry, seafood, & meat products; convenience food, fruits & vegetables, and others. On the basis of technology/machinery, this market has been segmented into tray-sealer machine, horizontal & vertical flow packaging machine, deep-drawing machine, vacuum chamber machine, bag-sealing machine, bag-in-box, and others. Similarly, on the basis of atmosphere, the market has been further segmented into nitrogen, oxygen, carbon-dioxide, and others. Furthermore, on the basis of material, it has been segmented into ethylene vinyl alcohol, poly ethylene, oriented polyethylene terephthalate, polyamide, and others. The geographical analysis includes all the major regions for modified atmosphere packaging machines, materials, and gases across the globe, namely, North America, Europe, Asia-Pacific (APAC), and ROW. The report also includes the key market drivers and inhibitors, along with their impacts provided in detail.
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Modified atmosphere packaging is the replacement of air in a pack with a single gas or a mixture of gases, wherein the proportion of each component is fixed, when the mixture is introduced in the pack. High barrier substrates, such as ethylene vinyl alcohol, poly ethylene, oriented polyethylene terephthalate, polyamide, and others, become MAP packages after they are formed into trays, lid stock or bags, and are filled with a selected blend of different gases. The modified atmosphere packaging concept for packaged goods is the procedure of modifying the atmosphere surrounding a food product by vacuum, gas flushing, or controlled permeability of the pack, thus, controlling the biochemical, enzymatic, and microbial actions to decrease the degradations/spoilage that might occur in a food item. This allows preservation of freshness of the food product without controlling the temperature or subjecting it to any chemical treatments, such as canning, freezing, dehydration, and other processes. Hence, modified atmosphere packaging is an optimum blend of pure oxygen, carbon dioxide, and nitrogen within either a high barrier or permeable package. These blends of gases are modified as per the respiratory needs of the packaged product.
The global Modified Atmosphere Packaging Market is projected to reach $13.78 Billion by 2020. In 2015, North America is estimated to be the largest market for modified atmosphere packaging. Furthermore, Asia-Pacific is projected to be the fastest-growing market for modified atmosphere packaging during the period under consideration. This market is also driven by the rising income levels, changing lifestyles, and growing demand for convenience and ready-to-eat foods in the emerging economies.
This report includes marketing and development strategies, along with the product portfolio of the leading companies, such as Berry Plastics Corporation (U.S.), Linde AG (Germany), and Hayssen Flexible Systems (U.S.). The key players in the market are focusing on the new product launches and expansion of their facilities to enter markets.
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