Modified Atmosphere Packaging Market

Modified Atmosphere Packaging Market

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Riddhesh

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Riddhesh Dani

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Harneet Meher

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Shruti Bhat

The global modified atmosphere packaging market size was valued USD 12,670 million in 2020 and is anticipated to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing demand for ready-to-eat food items in the emerging economies.

Modified Atmosphere Packaging Market

Modified atmosphere packaging is modifying the configuration of the internal atmosphere of a package to increase the shelf life. This type of packaging can be utilized for short shelf life food products such as meat, fish, poultry, and dairy. The oxygen is promptly accessible for lipid oxidation reaction in modified atmosphere packaging.

Oxygen keeps up with high respiration rates of new produce, which improves the shelf life. From a microbiological aspect, oxygen empowers the development of vigorous deterioration microorganisms. Hence, the decrease of oxygen and its replacement with different gases can diminish or postpone oxidation responses and microbiological deterioration.

The COVID-19 outbreak disrupted the supply chain network owing to closedown of  manufacturing facilities. However, the relaxation in restrictions due to acceleration in vaccination drive is estimated to positively influence the market growth.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising consumer concerns regarding food safety and sustainability of food is anticipated to spur the growth of the market.
  • Government guidelines in various regions on wastage of food is estimated to contribute to the market growth.
  • Rapid industrialization is expected to positively influence the market growth.
  • High cost of equipment and stringent guidelines can hamper the growth of the market.
  • Improved level of competition in the modified atmosphere packaging manufacturing can create challenges for the market growth.
  • Increasing growth of potential markets can create lucrative opportunities during the forecast period.

Scope of the Report

The report on the global modified atmosphere packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Modified Atmosphere Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Packaging Materials (Polypropylene, Polyvinylchloride, Polyethylene, and Others), Packaging Gases (Nitrogen, Oxygen, Carbon Dioxide, and Others), and Applications (Poultry, Seafood, & Meat Products, Fruits & Vegetables, Bakery & Confectionery, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Amcor PLC; Praxair Inc.; Sealed Air Corporation; Berry Global Inc.; and Linde PLC

Modified Atmosphere Packaging Market Segment Insights

Polyethylene segment to grow at a rapid pace

Based on packaging materials, the market is segregated into polypropylene, polyvinylchloride, polyethylene, and others. The polyethylene segment is estimated to grow at a rapid pace due to its safe contact with the food and approval by the Food and Drug Administration and health safety organizations across the world.

Carbon dioxide segment to expand at a robust CAGR

On the basis of packaging gases, the modified atmosphere packaging market is categorized as nitrogen, oxygen, carbon dioxide, and others. The carbon dioxide segment is projected to expand at a considerable CAGR during the forecast period due to its growth-inhibiting and oxidation-inhibiting effects on aerobic bacteria and molds. Carbon dioxide is odorless, colorless, and tasteless. The shelf life of stored food is normally longer, liable on the content of carbon dioxide.

Bakery & confectionery segment is projected to account for a significant market share

In terms of applications, the market is categorized as poultry, seafood, & meat products, fruits & vegetables, bakery & confectionery, and others. The bakery & confectionery segment is projected to account for a significant market share during the forecast period. Bakery products contain a lot of bread-based items. To increase shelf life, bread-based items require a high element of carbon dioxide in packaging arrangements.

North America anticipated to constitute a key market share

Based on regions, the enterprise resource planning market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the forecast period due to growing demand for high-quality  packaged food products. The progressions in food packaging technology and equipment coupled with the shifting inclination toward easy-to-handle and convenient packaging are key factors that are estimated to drive the market growth.

Modified Atmosphere Packaging Market

Segments

Segments Covered in the Report

The global modified atmosphere packaging market has been segmented on the basis of:

Packaging Materials

  • Polypropylene
  • Polyvinylchloride
  • Polyethylene
  • Others

Packaging Gases

  • Nitrogen
  • Oxygen
  • Carbon Dioxide
  • Others

Applications

  • Poultry, Seafood, & Meat Products
  • Fruits & Vegetables
  • Bakery & Confectionery
  • Others

Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Key Players

  • Amcor PLC
  • Praxair Inc.
  • Sealed Air Corporation
  • Berry Global Inc.
  • Linde PLC.

Competitive Landscape

The key players competing in the modified atmosphere packaging market are Amcor PLC; Praxair Inc.; Sealed Air Corporation; Berry Global Inc.; and Linde PLC.

Modified Atmosphere Packaging Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Modified Atmosphere Packaging Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Modified Atmosphere Packaging Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Modified Atmosphere Packaging Market - Supply Chain
  4.5. Global Modified Atmosphere Packaging Market Forecast
     4.5.1. Modified Atmosphere Packaging Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Modified Atmosphere Packaging Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Modified Atmosphere Packaging Market Absolute $ Opportunity
5. Global Modified Atmosphere Packaging Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Modified Atmosphere Packaging Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Modified Atmosphere Packaging Demand Share Forecast, 2019-2026
6. North America Modified Atmosphere Packaging Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Modified Atmosphere Packaging Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Modified Atmosphere Packaging Demand Share Forecast, 2019-2026
7. Latin America Modified Atmosphere Packaging Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Modified Atmosphere Packaging Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Modified Atmosphere Packaging Demand Share Forecast, 2019-2026
8. Europe Modified Atmosphere Packaging Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Modified Atmosphere Packaging Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Modified Atmosphere Packaging Demand Share Forecast, 2019-2026
9. Asia Pacific Modified Atmosphere Packaging Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Modified Atmosphere Packaging Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Modified Atmosphere Packaging Demand Share Forecast, 2019-2026
10. Middle East & Africa Modified Atmosphere Packaging Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Modified Atmosphere Packaging Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Modified Atmosphere Packaging Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Modified Atmosphere Packaging Market: Market Share Analysis
  11.2. Modified Atmosphere Packaging Distributors and Customers
  11.3. Modified Atmosphere Packaging Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

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