Global Modified Atmosphere Packaging Market to be Worth $13.78 Billion by 2020
FORT WORTH, Texas, July 13, 2015 /PRNewswire/ --
According to the new Market Research Report "Modified Atmosphere Packaging Market, by Application (Dairy Products, Bakery & Confectionary, Poultry, Seafood, Meat Products, Convenience Food, Fruits & Vegetables, Others), by Geography - Global Forecast to 2020", The global modified atmosphere packaging Market was valued at $11.15 billion in 2015, and is projected to reach $13.78 billion by 2020, at a CAGR of 4.3% from 2015 to 2020.
Browse through the TOC of Global Modified Atmosphere Packaging Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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The global modified atmosphere packaging market is expected to witness significant growth in coming years due to multiple factors. The demand for products such as convenience foods, seafood, poultry and meat products, dairy products is constantly rising. This rise in demand has led manufacturers and retailers to use different methods to extend the shelf life of these products so as to cater to this rising demand without hampering production. Hence modified atmosphere packaging is used to safely extend the shelf life of these products without hampering the product presentation. Furthermore, presence of top players of modified atmosphere packaging globally also drives the growth of modified atmosphere packaging in the world market.
Presently, countries like the United States, China and Canada dominate the global consumption of modified atmosphere packaging materials, machinery and gases. U.S. is the largest manufacturer and supplier of modified atmosphere packaging materials, machinery and gases. China, India and Germany are the fastest growing countries with regards to utility of modified atmosphere packaging machines, materials and gases.
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Key Players of the Global Modified Atmosphere Packaging Market include:
Linde AG (Germany), Dansensor AS (Denmark), Berry Plastics Corporation (U.S.), LINPAC Packaging Limited (U.K.) and Hayssen Flexible Systems, Inc. (U.S.).
This report also comprises market share, value chain analyses, and market metrics such as drivers and restraints. The report also covers the controlled atmosphere packaging and modified atmosphere packaging differentiation, cost vs quality factors and the regional modified atmosphere packaging government regulations. In addition, it also presents a country-level competitive landscape and company profiles of key players in the global modified atmosphere packaging market.
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