Modified Atmosphere Packaging Market is anticipated to reach US$ 25 Billion by 2033

The worldwide modified atmosphere packaging market is expected to be worth US$ 16 billion in 2023 and US$ 25 billion by 2033, with a CAGR of 4.5% from 2023 to 2033 (forecast period).Canning and freezing were two important breakthroughs in the food distribution sector over the previous century.
This gave customers quick access to the bulk of crop varieties. However, the energy crisis, environmental conscience, and desire for nutritious and fresh food have created a need for a system that allows fresh produce to be distributed all year.
MAP, or modified atmosphere packaging, is a complicated technology that involves changing or adjusting the environment inside a pack to preserve its contents.

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Modified environment packaging creates ideal circumstances for increasing product shelf life, maintaining product freshness and quality, and reducing perishable product oxidation and spoilage. As a result, modified environment packaging is extensively utilized in a variety of products, including convenience meals, fruits and vegetables, bakery and confectionery, dairy, poultry, fish, and meat products.

During the COVID-19 epidemic, the worldwide modified atmosphere packaging (MAP) market had supply chain issues as governments all over the world went into lockdown. During the epidemic, however, the increased need for packaged food necessitated the use of modified atmosphere packaging.

Competitive Landscape:
The global MAP market is fairly competitive. Modified atmosphere packaging companies are focusing on increasing their position through strategic collaborations and R&D expenditures.
Amcor, a global pioneer in creating and delivering reliable packaging solutions, acquired a state-of-the-art flexible packaging facility in the Czech Republic in August 2022.

Amcor Plc revealed in January 2021 that the Carbon Trust's 'Reducing CO2 Packaging' Label can now be placed on Amcor packaging to show major carbon footprint reduction. It is part of the company's lifecycle assessment service, which helps brands to measure the carbon footprint of their packaging from raw materials to end-of-use.

Key Players:
• Air Products and Chemicals, Inc
• Ilapak International SA
• Amcor Ltd
• Linde AG
• Bemis Co., Inc
• CVP Systems, LLC
• Berry Plastics Corporation
• Coveris Holdings SA

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Regional Analysis:

During the projection period, demand for modified atmosphere packaging in North America is expected to grow at a CAGR of 4%. This is due to increased demand for fresh and high-quality packaged goods, sanitary food packaging, a mobile lifestyle, and manufacturers' need for longer shelf life. Furthermore, advancements in food packaging equipment and technology, as well as a trend toward convenient and easy-to-handle packaging, are boosting regional market development.

The North American market is dominated by the United States. Because to faulty packing and wastage throughout the supply chain, the United States has a significant quantity of food waste, which has prompted in the country's adoption of modified atmosphere packaging for fresh fruits and vegetables.

Key Segments of Industry:
• By Material :
o Ethylene Vinyl Alcohol
o Polyethylene
o Polyethylene Terephthalate
o Polyamide
o Other Materials
• By Application :
o Poultry
o Seafood & Meat Products
o Fruits & Vegetables
o Convenience Foods
o Bakery & Confectionery
o Dairy Products
o Other Applications

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This release was published on openPR.