05-Aug-19
The emergence of innovative solutions, that improve mechanical endurance of food products and provide them longer shelf-life, has exerted importance on the use of active and modified atmosphere packaging. The market will continue to grow well in the forecast period from 2018 to 2025, as per Trends Market Research. Developments in global food packaging industry such as self-venting microwave packs and respiring trays will continue influencing the demand for active & modified atmosphere packaging solutions. Moreover, the consumption for active & modified atmosphere packaging products will be majorly concentrated among meat producer and retailers as they require packaging methods that provided better sustenance in terms of biodegradability and compostability. Although, packaging material recyclability and increasing initial costs in packaging processes are expected to curb the expansion of global active & modified atmosphere packaging market.
Asia-Pacific (APAC) region will continue to procure leading value share in the global market. However, the APAC region will face close competition by the active & modified atmosphere packaging market in Latin America, which will exhibit a similar CAGR during the forecast period. Amcor Limited, Sealed Air Corporation, Winpak Limited Company, Coveris Holdings S.A., Berry Plastic Group Inc., Bemis Company Inc., Linpac Packaging, ULMA Packaging, and S. Coop and Ilapac International S.A., among others are recognised as some of the leading companies contributing to the growth of the global active & modified atmosphere packaging market.
Based on the applications, the global market for active & modified atmosphere packaging is segmented into processed food products, bakery & confectionery, fruits & vegetables, dairy products, meat, poultry & seafood, and others. Demand for modified atmosphere packaging is higher in fruit & vegetable vendors, while active packaging products are consumed higher in food processing companies. Polymer materials such as polyethylene, polypropylene, polyvinyl chloride and polyethylene terephthalate provide additional properties to several active & modified atmosphere packaging materials
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