Global Modified Atmosphere Packaging (MAP) Market 2015 to grow at a CAGR of 3.9%
Modified Atmosphere Packaging Market Outlook – Global Trends, Forecast, and Opportunity Assessment (2014-2022)
The Global Modified Atmosphere Packaging (MAP) market is estimated at $11.45 billion in 2014 and is expected to reach $15.54 billion by 2022 growing at a CAGR of 3.9% during the forecast period 2014 to 2022. Hygienic packaging of food, shift towards easy-to-handle and convenient packaging, manufacturers demand for a longer shelf-life and increasing demand for fresh and quality packaged food are the factors driving the market growth. High Cost of development and stringent environmental legislations are restraining the market.
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The opportunity lies in high growth potential markets and packaging as a tool for product differentiation. High level of competition is the major challenge. This rise in demand has led retailers and manufacturers to utilize different methods to extend the shelf life of these products so as to meet this rising demand without hampering production.
The key players in the market include, Berry Plastics Corporation, Multisorb Technologies, Inc., Air Products and Chemicals, Inc., Sealed Air Corporation, Coveris Holdings S.A., Bemis Company, Inc., Linde AG, Amcor Limited, Robert Reiser & Co., Inc. and Linpac Packaging Limited.
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Bakery & Confectionery
Seafood & Meat Products
Fruits & Vegetables
Ethylene Vinyl Alcohol
Horizontal & vertical flow packaging machine
Vacuum chamber machine
Rest of Asia
Rest of the World
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