Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Active and Modified Atmosphere Packaging Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Active and
Modified Atmosphere Packaging Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Active and Modified Atmosphere Packaging Market
over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of global Active
and Modified Atmosphere Packaging Market is offered. In accordance with the report, the global
Active and Modified Atmosphere Packaging Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
According
to Food and Drug Administration (FDA), active and modified atmosphere packaging
is defined as “the displacement of gases in the package, which is then replaced
by a desired mixture of gas”. Gas Flushing, Barrier Packaging Films, Scavenger
and Desiccant packs, and on-package valves are some of the popularly employed
types of active and modified atmosphere packaging. The modification process
primarily lowers the presence of oxygen and replaces oxygen by nitrogen or
carbon dioxide.
Market Drivers
Active
and Modified Atmosphere Packaging is basically used in the packaging of fruits
and vegetables for the retention of freshness and nutritional value in the
fruits and vegetables. The soaring consumption of fresh fruits and vegetables
in the form of salads among health-conscious consumers and also the rapid
development of the vegan population is fueling this market.
Active
and modified atmosphere packaging plays a pivotal role in the packaging of
seafood, poultry and meat. In case of such perishable goods, permanent cooling
and maintenance of high standards for improving the lifespan of the content is
necessary. Active and modified atmosphere packaging comes to aid this problem
which is bolstering the growth of this market.
This
sort of packaging is a better solution for the packaging of processed foods,
convenience foods, grab-and-go food products and instant food product. Given
the dependence on the food and manufacturing sector owing to stressful and busy
scheduled coupled with the development of online food ordering platforms, the
growth of the active and modified packaging market is accelerated.
In
the pharmaceutical industry and dietary supplement industry, the adoption of
this kind of packaging has gained momentum. These packages lowers the oxygen
content and moisture content in the packaged materials thereby increasing the
shelf life of the products.
Market Restraints
The
cost of raw materials and machinery and equipment used in the production of
active and modified atmosphere packages is immoderately high and this factor is
severely straining this market.
There
exists concerns and issues with regard to physically protecting the thin films.
This kind of packaging is not as good as rigid packaging because liquid-based
packages have the propensity to puncture if not handled with care. This factor
is negatively affecting this market.
In
spite of limiting the growth of bacteria in the content, this kind of packages
is incapable of slowing the growth of bacteria. Further, once the packaging is
opened, the content returns to its original lifespan. These factors are
hindering the growth of this market.
Opportunities
The
surging expenditure incurred by the governments of various nations in the provisioning
of food sector is a good scope for the market.
The
leading players are shifting towards the adoption of moderate cost and
eco-friendly production methods which is a lucrative opportunity to kickstart
operation in this sector.
The
prosperous food and beverage sector coupled with the necessity of food till the
end of human civilization is expected to thrive the active and modified
atmosphere packaging market in a long run.
Trends
The
active and modified atmosphere packaging market in North America is estimated
to witness significant growth in the forecast period owing to the adoption of
e-commerce platforms by the packaging industries of this region, the presence
of well-established food and beverage sector parallel to the growth of this
sector, the increasing craze for good quality packaged food without
compromising hygiene, the rapid growth that the packaging sector is going
through and the upsurge in the demand for convenient packaging solutions.
However, the Asia Pacific region is projected to emerge as the fastest growing
region in this market. Globally, this market is expected to grow at a CAGR of
5% in the forecast period.
Segment Covered:
This market
intelligence report on the global Active and Modified Atmosphere Packaging
Market encompasses market segments based on packaging
gas, packaging material, application and country.
By Packaging Gas the global Active and Modified
Atmosphere Packaging Market has been divided into:
q Carbon
Dioxide
q Nitrogen
q Oxygen
q Others
By Packaging Material the global Active and Modified
Atmosphere Packaging Market has been divided into:
q Polyvinyl
Chloride (PVC)
q Low-density
Polyethylene (LDPE)
q Polypropylene
(PP)
q Others
By Application the global Active and Modified Atmosphere Packaging
Market has been divided into:
q Fruits
and Vegetables
q Poultry,
Sea Food and Meat Products
q Bakery
and Confectionery
q Others
By country/region, the global Active and Modified
Atmosphere Packaging Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Ste-Pac
q RAP
q Sealed Air
Corporation
q Amcor
Limited
q Bemis
Company Inc
q Berry
Plastic Corporation
q Ilapak International S.A.
q Winpak Limited Company
q Coveries Holdings S.A.
q Praxair Inc
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Active and Modified Atmosphere Packaging Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Ste-Pac
In August 2018,
Tadbik and Ste-Pac partnered in the production of resealable lidding film in
modified atmosphere, with the aim of providing both functional and
aesthetically pleasing packaging solutions that reduce waste generation and
improve shelf-life.
RAP
In April 2018,
the development of the globe’s first Modified Atmosphere (MA) RayTrap that can
substitute full plastic trays and lowers plastic utilization by 85% was
developed by RAP.
Sealed Air Corporation
In May 2019, an
agreement on acquiring Automated Packaging Systems was signed by Sealed Air
Corporation. The cost of acquiring was USD 510 million.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Active and
Modified Atmosphere Packaging Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Active and Modified Atmosphere Packaging
Market is done by taking into account various parameters
such as company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Active and Modified Atmosphere Packaging caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Active
and Modified Atmosphere Packaging Market . The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Active and Modified Atmosphere Packaging
Market
v
Identification
of key factors driving investment opportunities in the Active and
Modified Atmosphere Packaging Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants
