LOS ANGELES, April 17, 2019 (GLOBE NEWSWIRE) -- Modified atmospheric packaging is the scientific process to keep food and medicine in a better and hygienic condition to maintain its freshness for a longer period. The urban life largely depends on this packaged food to save time and energy, which has garnered a massive demand for modified atmospheric packaging. In the coming years, the demand for drugs with booming pharmaceutical industry and growing demand for packaged food items are expected to bolster industry’s growth.
The global modified atmospheric packaging market was worth US$1240 Mn in 2018 and the report suggests that it will reach US$1570 Mn by 2025, registering a robust CAGR of 3.4% during the period of 2018 and 2025. QY Research discusses the future of the market in its latest report, titled “Global Modified Atmospheric Packaging Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application.”
Global Modified Atmospheric Packaging Market: Drivers
The global modified atmospheric packaging market is an emerging market that is gaining momentum. The growing demand for packaged food has become an important part of urban living. This is boosted investment in research and development of scientific ways of keep food fresh for a longer period, driving focus toward modified atmospheric packaging. Thus, the growing demand for fresh vegetables and meat has also been driving the market. The modified atmospheric packaging is important for the pharmaceutical industry as well as it is extensively used for medicines and drugs. All of these factors have collectively contributed toward market’s growth.
Global Modified Atmospheric Packaging Market: The Segment Analysis
The global modified atmospheric packaging (MAP) market is segmented by type and application. In terms of type, the market is segmented into passive and active map. The heightening demand of raw meat, seafood, poultry products is resulting in the growth of active and passive atmospheric packaging. In terms of applications, the market is segmented into meat, dairy products, fruits and vegetables, and bread and cake. The increasing number of companies that are indulging themselves in these food products are influencing the global modified atmospheric packaging (MAP) market extensively.
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Global Modified Atmospheric Packaging Market: The Regional Analysis
On the basis of region, the global modified atmospheric packaging market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. North America has the largest share in the global modified atmospheric packaging due to its predominantly urban lifestyle, which is leading to an overwhelming demand. Europe is also a growing market as the demand for packaged food and drugs consumptions continues to be on the rise.
Modified Atmospheric Packaging Market: The Key Players
The key players studied in the global modified atmospheric packaging market are Bemis, Amcor, Coveris, CVP Systems, Linde, DuPont, Total Packaging Solutions, Sealed Air, Berry Plastics, Dansensor, Winpak, Ilapak Packaging Machinery, and Praxair. These companies are providing the modified atmospheric packaging with utmost proficiency. For instance, Letti, a Latin American dairy company has chosen Amcor to design clear PET bottles for their customers. The excellence in their production quality has made Amcor their preferred choice. Such collaboration proves to be important to maintain the market status in global modified atmospheric packaging industry.
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