Modified Atmospheric Packaging Market to Grow at a CAGR of 4.30% from 2022 to 2030 | Industry Trends and Forecast Study Report
Research Reports
Oct 28, 2022
Modified Atmospheric Packaging Market is projected to be worth USD 13,781 million by 2030, registering a CAGR of 4.30% during the forecast period (2022-2030).
A technology that expands the storage timing of packed food is known as modified atmosphere packaging. This technology aids in maintaining the freshness of the food, its nutritional value, color, and appearance of the food packaging for a very long period. Modified atmosphere packaging changes the gaseous composition of the air that is present in the food packet. This is the reason that prevents microorganism development and keeps the food color unchanged. The materials with a specific level of gas and water vapor absorbency are used in modified atmosphere packaging. The modified atmosphere packaging in the food industry is essential. And with extended life expectancy, enhances the visibility and presentation of the packed food item.
The modified atmosphere packaging ensures the maintenance of the ideal component like nitrogen, oxygen, and carbon dioxide in the package. In food packets, a higher concentration of oxygen encourages the development of aerobic microorganisms. This process gives rise to oxidative deterioration of foods. Thus, there is a lower oxygen level in modified atmosphere packaging.
The modified atmosphere packaging market is hugely operated by increasing demand for packaged foods such as vegetables, fruits, bread, processed meat, seafood, dairy products, and fish. However, atmosphere packaging is highly recommended by food retailers as it helps decrease the cost of storage and manufacturing. This technology also helps to diminish the need for chemical preservatives. The rising awareness of the customers boosts the demand for the food that gets packaged in the modified atmosphere technology. The capital expenditure needed for the materials and machinery used in modified atmosphere packaging is very high. This can hinder the modified atmosphere packaging market growth during the projected period.
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Market segmentation
Based on application:
- Bakery & Confectionery
- Poultry, Seafood, & Meat Products
- Fruits & Vegetables
- Dairy Products
- Convenience Food
- Others
Based on machinery:
- Tray-Sealing Machine
- Horizontal & Vertical Flow Packaging Machine
- Deep-Drawing Machine
- Vacuum Chamber Machine
- Bag-Sealing Machine
- Others
Based on material:
- Ethylene Vinyl Alcohol
- Poly Ethylene
- Oriented Polyethylene-Terephthalate
- Polyamide
- Others
Based on atmosphere:
- Nitrogen
- Oxygen
- Carbon-Dioxide
- Others
Based on the region:
- North America
- Europe
- Asia-Pacific
- RoW
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Regional analysis
The second-largest region, considered to have the largest share of the modified atmospheric packaging market globally, is Europe and is predicted to donate substantially to the modified atmosphere packaging market development during the estimated period. Germany is accounted as one of the top meat producers in the EU.
The Asia Pacific region is expected to rise at the maximum CAGR during the prediction period due to the speedy growth in the packing business in the Asia Pacific region. The mounting urban population and not reusable income further raise the demand for packaged beverages and food. These are some of the major factors that are operating the market’s demand in the Asia Pacific region. Japan, India, China, Australia, and Indonesia are some of the main sponsors of the Asia Pacific market. China is considered the major share of the local market due to quick growth in expansion and industrial development.
Key Players
Linde AG (Germany), CVP Systems Inc. (U.S.), Total Packaging Solutions, LLC (U.S.), Berry Plastics Corporation (U.S.), Hayssen Flexible Systems (U.S.), Dansensor A/S (Demark), Praxair Inc. (U.S), Ilapak Packaging Machinery (Switzerland), Sealed Air Corporation (U.S.), Bemis Company Inc. (U.S), Coveris Holdings S.A. (Luxembourg), Linpac Packaging Limited (U.K.), Amcor Limited (Australia), Winpak Ltd. (Canada), and Robert Reiser & Co., Inc. (U.S)
Industrial news
In 2022 steps Ltd., a fresh manufacturing packing innovator, has broadcasted the growth of its line on top lids with new solutions to strengthen the selling of fresh food packaging.
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