Modified Atmosphere Packaging Market 2022 : Future Growth Prospect, Industry Share And Growing Demand Analysis Till 2027

The Modified Atmosphere Packaging Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Modified Atmosphere Packaging market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Modified Atmosphere Packaging market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Modified Atmosphere Packaging market.

The modified atmosphere packaging market was valued at USD 12.97 billion in 2020, and it is expected to reach USD 18.28 billion by 2026, at a CAGR of 5% over the forecast period (2021 - 2026).

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Top Leading Companies of Modified Atmosphere Packaging Market are - Amcor PLC, Linde AG, Sealed Air Corporation, Praxair Inc., Berry Global Inc., Multisorb Technologies Inc., Robert Reiser & Co. Inc., Air Products and Chemicals Inc., StePac Inc., Mondi Group and others.

Industry News and Updates:

- Feb 2019 - Praxair Inc. authorized the construction of a world-scale hydrogen plant in Louisiana to supply products under a long-term contract with a major refinery in the area. The new plant will be integrated with Praxair's already extensive Louisiana production network via its Mississippi River Corridor hydrogen pipeline system.

- May 2019 - Sealed Air announced the signing of a definitive agreement to acquire Automated Packaging Systems for USD 510 million. This acquisition stands in line with the company's goal of reinventing SEE by doubling its innovation rate over the next five years. The acquisition will provide additive capabilities to the company, including expertise in engineering, automation technology, and sustainability, which will strengthen the company's protective packaging solutions.

Key Market Trends:

Poultry, Seafood, and Meat Products are Expected to Hold a Major Position in the Market

- Meat and sausage products, especially raw meat, are most likely to spoil due to microbial growth, on account of their increased moisture and nutrient content. No matter whether, pork or poultry, decay initiates from the moment of slaughter and especially after slaughtering. Besides the extraordinary hygiene standards and permanent cooling, modified atmospheres can considerably extend the shelf life of meat and sausage products. CO2 is the most significant or essential among the protective gases.
- At concentrations above 20%, CO2 can considerably decrease microbial growth. In the case of red meat, there is the possibility of oxidation of the red color pigments. The meat loses its red color, getting grey and unappetizing in appearance. This oxidation is particularly prominent with beef. Increased oxygen content in protective gas packaging can prevent oxidation. A decreased carbon monoxide content (approx. 0.5 %) can also hold and retain the red meat's red color.

North America is Expected to Witness Significant Growth

- The US modified atmosphere packaging industry is undergoing a push toward e-commerce platforms. Meals and snack bars are still relatively minor as a sales segment when online purchases are taken into consideration, although it is a growing segment. With subscription boxes and grocery pickups existing and available from online shopping, their augmented access may result in the growth of the market.
- The primary reasons driving the growth of the North American market are the increasing demand for fresh and quality packaged food, hygienic packaging of food, manufacturers' demand for extended shelf life, and on-the-go lifestyle. The advancements in food packaging technology and equipment, coupled with the swing towards easy-to-handle and convenient packaging, are also factors that drive the market growth.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Modified Atmosphere Packaging Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Modified Atmosphere Packaging Market (%),2016 - 2026
- Modified Atmosphere Packaging Market Share, By Brand
- Modified Atmosphere Packaging Market Share, By Company
- Modified Atmosphere Packaging Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Modified Atmosphere Packaging Market Value Analysis & Forecast
- Promising Modified Atmosphere Packaging Development by Major Companies
- Detailed Modified Atmosphere Packaging Portfolio of the Major Companies
- Major Deals in the Modified Atmosphere Packaging Market
- Major Companies Analysis

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