Global Market Study on Active and Modified Atmospheric Packaging: Meat, Poultry and Seafood to Witness Significant Growth During 2017 - 2024


Active And Modified Atmospheric Packaging  Market
  • Published On : Apr-2018 |
  • Pages : 188 Pages |
  • Format : Active And Modified Atmospheric Packaging  Market Active And Modified Atmospheric Packaging  Market Active And Modified Atmospheric Packaging  Market Active And Modified Atmospheric Packaging  Market

Active and Modified Atmospheric Packaging Market Outlook

The market for active and modified atmospheric packaging is expected to witness positive growth, mostly driven by accelerating demand for meat, poultry and seafood. In recent months, demand for freshly cut fruits and vegetables to enhance immunity against COVID-19 has further catapulted growth prospects.

For the near-term outlook, falling meat consumption amid apprehensions about the spread of the novel coronavirus is shifting the active and modified atmospheric packaging landscape. Although there is limited scientific evidence to prove this theory right, general cautiousness is driving consumers to opt for safer alternatives.

Surging consumption of micronutrient rich food products is widening growth prospects of active and modified atmospheric packaging. Spurred by this, manufacturers are directing their resources to develop robust packaging solutions, including use of substrates which inhibit the procreation of surface-level viruses.

Sustainability initiatives across all countries is prompting vendors to introduce environmentally friendly active and modified atmospheric packaging solutions. The drive to reduce plastic usage is dominating production decisions of all manufacturers in the packaging landscape. The crackdown on single-use packaging materials is becoming highly evident.

Since 2018, Amcor PLC has strived to develop recyclable and reusable packaging solutions, intending to shift completely towards eco-friendly packaging by 2025. Besides launching new products, the company also engages in a carbon trust-certified life cycle assessment services titled ASSETTM. The software provides information about carbon footprints left by different packaging options.

The company also acquired Bemis Company Inc. in June 2020 in order to further its objective of attaining complete sustainability by 2025. The acquisition will provide Amcor with the opportunity to undertake comprehensive reach and scale, industry-best operations and innovation and a strong commitment to responsible packaging and sustainability. 

Also, Coveris Kufstein announced that it has switched over to 100% clean energy, using renewable energy sources to avail its power supply. This paradigm shift is aiding the company’s eco-friendly production objectives, which is expected to provide major traction to the active and modified atmospheric packaging market.

Overview :

Modified atmospheric packaging is used to pack fresh-cut fruits and vegetables. This is being done to achieve the fresh-like quality product with high nutritional value. Active and modified atmospheric packaging is considered as a new solution for food packaging. Moreover, recent developments including respiring trays, self-venting microwave packs and others are contributing to the growth of the global active and modified atmospheric packaging market. Along with the food industry, pharmaceutical and dietary supplement industry are also moving towards using active and modified atmospheric packaging in order to reduce the amount of oxygen and moisture in products and also extend the shelf-life and allowing the consumer to store medicines and dietary supplements for a long period of time.

The trend of consuming fresh-cut fruits and vegetables has also increased. Hence, active and modified atmospheric packaging is also used in packaging mixed fruit salads, and vegetables to keep them fresh for a long period of time. Modified atmospheric packaging is also used in packing coffee beans as it provides high freshness, and preserve and quality for a long time.

As per the report by Persistence Market Research, the global market for active and modified atmospheric packaging is expected to witness steady growth. Towards the end of 2024, the global active and modified atmospheric packaging market is projected to reach US$ 26,450.2 Million revenue. Companies involved in dairy products and frozen food products are also using active and modified atmospheric packaging.

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Active and Modified Atmospheric Packaging to be Used Largely for Meat, Poultry, and Seafood

Compared to packaging other food products including bakery and confectionery, fruits and vegetables, dairy products, and other processed food products, active and modified atmospheric packaging is likely to be used largely in packaging meat, poultry, and seafood. The active and modified atmospheric packaging is highly preferred by food retailers as it lowers the cost of storage and production. It also helps in eliminating the need for chemical preservatives. However, the cost of materials and machines in active and modified atmospheric packaging is high, hence, the manufacturers are focusing on using materials and machines that are low in cost and eco-friendly.

Increasing popularity of meat, seafood, poultry products is also resulting in the growth of active and modified atmospheric packaging. Moreover, the rise in the demand for fresh fruits and vegetables and ready-to-eat food products is also fueling the growth of the global market for active and modified atmospheric packaging.

Although the modified atmospheric packaging is used on a large scale, researchers and scientists are focusing on developing active and modified atmospheric packaging as per the requirement of customers, providing environmentally friendly design, and enhancing the quality of the product packed in it. Moreover, advancement in technology is also resulting in the use of sensors in the packaging industry. Hence, smart packages are also gaining popularity across various industries. A trend towards minimally processed food, and ready to eat fruit and vegetables is also resulting in the growth of the global active and modified atmospheric packaging market. Sensor-based packages also indicate ripeness and spoilage of the food products, this also resulting in its popularity.

Active and Modified Atmospheric Packaging- Report Scope

Attribute

Details

Forecast Period

2017-2024

Historical Data Available for

2012-2016

Market Analysis

US$ Mn by Value

Key Regions Covered

North America, Latin America, Europe, Asia Pacific and Middle East & Africa

Key Countries Covered

U.S, Canada, Brazil, Argentina, Mexico, Germany, France, U.K, Spain, Italy, China, India, ASEAN, Japan, Australia & New Zealand, GCC and South Africa

Key Segments Covered

Application Type & Material Type

Key Companies Profiled

Amcor Limited, Linpac Packaging Limited, Bemis Company Inc., Berry Plastics Corporation, Coveris Holdings S.A., Winpak Limited Company, Sealed Air Corporation, ULMA Packaging, S. Coop & Ilapack International S.A.

Report Coverage

Market Overview, Segmental Analysis, Regional Profiling, COVID-19 Impact Insights and Competition Landscape

Customization & Pricing

Available upon Request

The report by Persistence Market Research offers in-depth analysis and forecast on the global active and modified atmospheric packaging market. The report also provides historical data and forecast from 2017 to 2024 in terms of year-on-year growth.The report also includes market drivers, challenges, latest trends, and growth opportunities in the global market for active and modified atmospheric packaging. All the market dynamics given in the report are justified through qualitative and quantitative data.

The report also includes a study on all the current issues in the market along with the opportunities for manufacturers in the global active and modified atmospheric packaging market. The market is also divided into various segments that can help manufacturers to plan business strategies. Both qualitative and quantitative data is given in the report based on the primary and secondary research. The study also includes market attractiveness index, this helps in identifying all the opportunities in the market. The market is segmented on the basis of material type, application, and region.

Research Methodology

The report also includes information on the revenue generated in the global market for active and modified atmospheric packaging across all the regions and countries. On the basis of region, the market is segmented into Asia Pacific, Latin America, Europe, the Middle East and Africa (MEA), and North America. Details on all the segments is provided with the help of primary and secondary research. Bottom-up approach has been used to provide the estimated number in terms of CAGR, and value in the active and modified atmospheric packaging market based on region. The numbers in the market have identified using the bottom-up approach.

The primary and secondary research was done including interviews with market experts, financial report, annual report were also referred. Secondary sources also include annual reports_bk_01_01_2020 by packaging magazine, government organizations,  associations and leading company operating in the global active and modified atmospheric packaging market.

The report not only includes forecast on the market in terms of revenue, but also include various key parameters such as year-on-year growth, CAGR, and basis point share. All this data provided in the report helps in identifying growth opportunities in the global market for active and modified atmospheric packaging. The report also includes Porter’s five force analysis, SWOT analysis, market attractiveness analysis. This helps to understand the overall market and growth opportunities for manufacturers and suppliers.

Information on all the key segments on basis of the performance and growth in the global market for active and modified atmospheric packaging is given in the report. The report by Persistence Market Research also provides market attractiveness index in order to provide details on the overall growth in the market. With this, the report also helps in identifying all the key opportunities for growth in the global active and modified atmospheric packaging market.

In the last section of the report, the details on all the key players in the global active and modified atmospheric packaging market. The report also provides a dashboard view of all the companies including product portfolio, financial overview, latest developments, and trends.

Companies covered in Active And Modified Atmospheric Packaging Market Report

 Company Highlights

  • Amcor Limited
  • Berry Plastics Inc.
  • Sealed Air Corporation
  • Coveris Holdings S.A
  • Linpac Packaging Limited
  • Bemis Company Inc.
  • Winpak Limited Company
  • ULMA Packaging, S. Coop
  • Ilapak International, S.A. 
  • Other

Active And Modified Atmospheric Packaging Market

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