Market Insights
The Global Modified Atmosphere Packaging market is valued at USD 10.77 billion in 2016 and is expected to reach a value of USD 14.46 billion by the end of 2022, growing at a projected CAGR of 5.04% during the forecast period of 2017 - 2022. The growing demand of reducing waste in the supply chain and inclination towards centralized distribution has been instrumental in the steady growth of the global modified atmosphere packaging market.
Market Dynamics
The major driving forces of the global modified atmosphere packaging market are the increasing importance of ready-to-eat healthy food and keeping packaged food fresh at a comparatively low cost. The increased shelf life of the products shall amplify the rate of adoption of modified atmosphere packaging in the market. However, the high cost of gas packing machinery, packaging materials and quality assurance systems used for packing are hindering the growth of the market.
Market Segmentation
The modified atmosphere packaging market has been segmented by packaging gas, packaging material, applications, and technology. Regionally, the current market is dominated by North America, with Asia-Pacific showing promising growth in the near future.
Key Market Players
The report considers key trends that shall impact the industry and profiles of over 10 leading companies with majority market share in the global modified atmosphere market. Some of the top companies mentioned in the report are:
Air Products and Chemicals Inc.
Coveris Holdings S.A.
Praxair Inc.
Sealed Air Corporation
Bemis Company Inc.
Berry Plastics Corporation
Hayssen Flexible Systems Inc.
LINPAC Packaging Limited
Multisorb Technologies Inc.
Robert Reiser & Co. Inc.
Dansensor A/S
Berry Plastics Corporation
Amcor Limited
Report Offerings
Market definition for global modified atmosphere packaging market along with identification of key drivers and restraints for the market.
Market analysis for the global modified atmosphere packaging market, with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the macro and micro factors that affect the global modified atmosphere packaging market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.