Modified Atmosphere Packaging Market to expand to $26.1 billion by 2034

According to Fact.MR, a market research and competitive intelligence provider, The global modified atmosphere packaging was valued at US$ 16.1 billion in 2023 and has been forecasted to expand at a noteworthy CAGR of 4.5% to end up at US$ 26.1 billion by 2034.

As businesses around the globe ramp up their drives towards sustainability, it is expected that the application of modified atmosphere packing (MAP) with environmentally-friendly materials will rise significantly. In particular, lighter, recyclable and biodegradable packaging options have taken center stage in food and beverage, pharmaceutical and consumer goods industries with the aim of reducing environmental degradation. These sectors are now embracing MAP not just to prolong the life span of products but also to satisfy customers’ increasing preference for green packing.

Key Takeaways from Market Study:

• The global Modified Atmosphere Packaging market is projected to grow at 5% CAGR and reach $26.1 billion by 2034
• The market created an opportunity of $3.4 billion growing at a CAGR of 7% between 2019 to 2024
• North America is a prominent region that is estimated to hold a market share of 7% in 2034
• Predominating market players include Amcor Ltd, and Berry Global Group, Inc.
• Containers under Packaging Format type are estimated to grow at a CAGR of 3% creating an absolute $ opportunity of $2.2 billion between 2024 and 2034
• North America and East Asia are expected to create an absolute $ opportunity of $4.6 billion collectively.

“Modified atmosphere packaging has gained significant popularity across various industries as a cost-effective sustainable solution for preserving product freshness and extending shelf life.” says a Fact.MR analyst.

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Market Development:

Market leaders in the modified atmosphere packaging (MAP) sector are increasingly forming strategic partnerships to enhance their product offerings and broaden their market presence. For instance, in May 2023, Sealed Air collaborated with a leading meat producer to develop an advanced MAP solution designed to extend product shelf life while minimizing food waste, aligning with sustainability goals.

The integration of smart technologies into MAP is also gaining momentum, providing enhanced product monitoring and consumer engagement. In March 2023, Amcor launched a new MAP line featuring embedded RFID (Radio Frequency Identification) technology, enabling real-time tracking of product freshness and quality throughout the supply chain.

Sustainability is a growing focus for companies in the MAP market, as they seek to reduce their environmental impact. In February 2023, Mondi Group announced its initiative to achieve 100% recyclable MAP products by 2026, part of its broader strategy to meet increasing consumer demand for eco-friendly packaging solutions.

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More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global Modified Atmosphere Packaging market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study reveals essential insights on the basis of the material (Ethylene Vinyl Alcohol, Polyethylene, Polyethylene Terephthalate, Polyamide, Other Materials), application (Poultry, Seafood & Meat Products, Fruits & Vegetables, Convenience Foods, Bakery & Confectionery, Dairy Products, Other Applications), packaging format (Containers, Sachets and Pouches, Wraps, Trays) across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and Pacific, Middle East & Africa).

Key Companies Profiled:

Air Products and Chemicals, Inc; Amcor Ltd; Bemis Co., Inc; Berry Global Group, Inc.; Berry Plastics Corporation; Coveris Holdings S.A.; CVP Systems, LLC; Dansensor A/S; DuPont de Nemours, Inc.; Graphic Packaging Holding Company; Hayward Industries, Inc.; Ilapak International SA; Linde AG; LINPAC Packaging; Multisorb Technologies, Inc.; Orbital Foods; Pactiv LLC; Sealed Air Corporation; Sonoco Products Company; Winpak Ltd.; Other Prominent Players.

Industry News:

Berry Global Group, Inc. is a major player in the modified atmosphere packaging market. In February 2024, Berry Global Group's Health, Hygiene and Specialties division was spun off and merged with Glatfelter Corporation to establish a prominent publicly traded firm in the specialized materials sector

Amcor Ltd. is a leading global packaging company that offers modified atmosphere packaging solutions. In 2023, Amcor announced that its packaging would feature the Carbon Trust's 'Reducing CO2 Packaging' Label to showcase significant carbon footprint reductions & Also in August 2023, Amcor announced a deal to acquire Phoenix Flexibles. This acquisition brings innovative film technology, allowing for the local creation of a greater variety of more sustainable packaging options

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