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Global modified atmospheric packaging Market: Trend Analysis and Forecast to 2022

Global modified atmospheric packaging Market: Trend Analysis and Forecast to 2022

  • August 2016
  • 100 pages
  • ID: 4652950
  • Format: PDF
  • By Infinium

Summary

Table of Contents

In 2015, the size of global modified atmospheric packaging market was valued at USD 10.26 billion. While in 2016, the size of global modified atmospheric packaging market surpassed USD XX billion. The global modified atmospheric packaging market is projected to grow with a CAGR between 4.0% – 4.5% over the forecast period of 2016 – 2022 and surpass USD 15.0 billion by 2022. Modified atmospheric packaging is a technology of food packaging that primarily helps extend the storage time of packaged food. Food manufactures and producers are consistently adopting innovative ways to improve shelf life of packaged food. This technology helps to maintain taste, color, freshness, nutritious content and appearance of packaged food and improves the shelf life of perishable product i.e. food. Modified atmospheric packaging alters the gaseous composition of air present in the packaged food; this in turn restrains the growth of microorganism which majorly keeps the food unchanged. Material used in the modified atmospheric packaging such as polyethylene, polypropylene, polyvinyl chloride and polyethylene terephthalate among others offer additional properties to the packaging material.

Modified atmospheric packaging market is majorly driven by rapidly rising demand for packaged food such as bread, fruits and vegetable, processed meat, fish, seafood and dairy products. Furthermore, increasing consumer awareness about healthy food products and improvements in lifestyle are likely to stimulate market growth and expected to bring more opportunities to this market over the forecast period. Apart from the rapid growth factors, the market growth is restrained by mechanical damage during transportation and high capital expenditure required for the machinery and material used in modified atmospheric packaging. This can limit market growth over forecast period as well.

Segments Covered:
The report segments the global modified atmospheric packaging market by application, by material, by machinery, by atmosphere and by region. Market segmentation based on application includes dairy products, bakery & confectionary, poultry, seafood & meat products; convenience food, fruits & vegetables and others. On the basis of material market segmented into ethylene vinyl alcohol, poly ethylene, oriented polyethylene terephthalate, polyamide and others. Similarly, on the basis of machinery market segmented into tray-sealer machine, horizontal & vertical flow packaging machine, deep-drawing machine, vacuum chamber machine, bag-sealing machine, bag-in-box and others. On the basis of atmosphere market further segmented into nitrogen, oxygen, carbon-dioxide and others.

Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia Pacific and Rest of the World (RoW). As of 2015, North America is the largest market for modified atmospheric packaging and accounted more than 31% of market share globally. The dominance of North America is projected to continue over the forecast period due to rising awareness about food safety and implementation of food safety modernization act by the government in this region. Following North America, Asia pacific considered as prominent market for modified atmospheric packaging and anticipated to grow at fastest CAGR of 6.X% over the forecast period. Moreover, rising income level, changing lifestyle and growing demand for convenience and ready-to-eat foods in the emerging economies such as India and China are likely to drive the market growth at rapid pace across the region.

Companies profiled:
The companies covered in the report include
- Air Products and Chemicals Inc.
- Amcor Limited
- Bemis Company, Inc.
- Berry Plastics Corporation,
- CVP Systems, Inc.
- Dansensor A/S
- Gulf Cryo
- Multisorb Technologies
- Praxair Technology, Inc.
- Sealed Air Corporation
- The Linde Group
- Total Packaging Solutions
- ULMA Packaging
- Coop.

Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of modified atmospheric packaging globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of modified atmospheric packaging market. Moreover, the study highlights current market trends and provides forecast from 2016 to 2022. We also have highlighted future trends in the modified atmospheric packaging market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors in this market to understand the present and future trends in this market and formulate their strategies accordingly

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