Growing Demand for Packaging Boosts Global Modified Atmosphere Packaging Market

Transparency Market Research has opened a new conversation about the global modified atmosphere packaging market through its research report, titled “Modified Atmosphere Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2023.”

Modified atmosphere packaging uses intelligent technology to improve the shelf life of packaged food items. This technique focuses on keeping the food items nutritious and fresh along with preventing their color degradation and maintains the aesthetic appearance of packaged food items for a longer time. Modified atmosphere packaging methods change the gaseous composition of air in a given food packet, thereby restricting the growth of microorganisms in the packaged item. This allows the food item to retain its color for a longer time. These benefits of modified atmosphere packaging have given this market a good opportunity for growth in the food and beverages sector.

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The primary growth driver for the global modified atmosphere packaging market is the growing demand for packaged items such as fruits, bread, and vegetables, processed fish, meat, seafood, and other dairy products. This packaging is also gaining a huge impetus from food manufacturers and retailers as it reduces the cost of storage and production. The biggest advantage of modified atmosphere packaging is that it completely eliminates the need for chemical preservatives for storing food. The global modified atmosphere packaging market will also be fueled by rising consumer awareness about of this type of packaged food. The only factor hampering the growth of the global modified atmosphere packaging market is the high cost of materials and machinery.

Geographically, the global modified atmosphere packaging market is segmented into North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. As of 2014, North America dominated the overall modified atmosphere packaging market and is anticipated to continue its dominance in the coming few years. Analysts also predict that Asia Pacific will emerge as a leading region in the foreseeable future due to the growing urbanization and rising per capita income of consumers here.

The key players operating in the global modified atmosphere packaging market are Air Products and Chemicals, Inc., Bemis Company, Inc., S.Coop, Amcor Limited, Berry Plastics Corporation, Dansensor A/S, CVP Systems, Inc., Multisorb Technologies, Gulf Cryo, Praxair Technology, Inc., Sealed Air Corporation, Total Packaging Solutions, The Linde Group, and ULMA Packaging.

The competitive landscape of the global market has been explained in this research report in complete depth along with an analysis of research and development activities pursued by manufacturers to gain a competitive edge in the overall market. Furthermore, the report also evaluates the financial outlook, investment overview, business and marketing strategies, and strategic mergers and acquisitions of these top players in the near future.

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This release was published on openPR.