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Global Modified Atmosphere Packaging Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " ModifiedAtmospherePackagingMarket:GlobalIndustryTrends,Share,Size,Growth,Opportunity andForecast2023-2028

," the global modified atmosphere packaging market size reached US$ 15.1 Billion in 2022.

Modified atmosphere packaging (MAP) refers to a technique of changing, modifying and adjusting the atmosphere surrounding the product to preserve its contents. Polyvinyl Chloride (PVC), polyethylene (PE) and polypropylene (PP) are some of the commonly used packaging materials. It is widely used for preserving the freshness of various food products, such as meat, fish, fruits and vegetables, coffee roasters, bakery, and confectionery items, by controlling their biochemical metabolism. MAP consists of gasses, such as nitrogen, oxygen, and carbon dioxide, that aids in enhancing product quality, amplifying their shelf-life, providing convenience, ensuring freshness, and reducing oxidation and spoilage of perishable products. Furthermore, it assists in reducing waste production and labor costs and improving manufacturing capacities.

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Global Modified Atmosphere Packaging Market Trends:

The significant growth in food and beverage (F&B) sector across the globe is creating a positive outlook for the market. Modified atmosphere packaging provides the optimal blend of nitrogen, oxygen and carbon dioxide to keep the food products fresh. In line with this, the increasing demand for convenience foods and ready-to-eat (RTE) items due to the busy schedules and hectic lifestyles is favoring the market growth. Apart from this, the widespread product utilization to extend shelf life and prevent insects and contamination, while eliminating the use of chemicals, especially for packing organic products is providing a considerable boost to the market growth. Moreover, the recent coronavirus disease (COVID19) pandemic outbreak has intensified the product demand due to the shifting consumer preferences toward hygienic, freshly packaged and quality food. This, in turn, is positively impacting the market growth. Other factors, including rising consumer expenditure capacities, the introduction of easy-tohandle and convenient food packaging solutions, and the implementation of various government initiatives regarding food safety regulations, are anticipated to drive the market toward growth.

Looking forward, IMARC Group expects the market to reach a value of US$ 21.0 Billion by 2028, exhibitingataCAGRof5.5%during2023-2028.

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