Pune, India -- (SBWIRE) -- 04/24/2019 -- The latest report on Modified Atmospheric Packaging Market by Infinium Global Research gives complete coverage of the modified atmospheric packaging market by application (dairy products, poultry, seafood & meat products, convenience food, fruits & vegetables) materials (ethylene vinyl alcohol, poly ethylene, polyamide) machinery (tray-sealer machine, vacuum chamber machine, bag-in-box), atmosphere (nitrogen, oxygen, carbon-dioxide) in terms of key trends, market size, forecast and CAGR growth over the period of 2017 to 2023. In addition, the study covers deep dive into key product and applications trends in the regional markets of modified atmospheric packaging such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.

Modified Atmospheric Packaging Market: Insight

The report the global modified atmospheric packaging market is projected to reach USD 14.72 billion by 2023, growing with a CAGR of 4.7 % from 2017 to 2023. The global modified atmospheric packaging market was worth USD 10.26 billion in 2015, it reached to USD 10.68 billion growing at a 4.1% over 2015 and 2016.

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Modified Atmospheric Packaging Market: Drivers and Restraint

The growth in the global market is driven by factors growing demand for the increased shelf life of the food and beverage products, increasing demand for hygienic packaging in food and beverages industry and innovative packaging solutions in the world market. However, maintaining atmospheric equilibrium and environmental concerns with plastics are among the restraining factors affecting the growth in this market.

Modified Atmospheric Packaging Market: Regional Analysis

The regions covered in the report include North America, Europe, Asia-Pacific, and Rest of the World. North America region covers the country markets such as the U.S., Canada, and Mexico. Furthermore, Europe includes the country markets such as Germany, the U.K., France, Spain, and Rest of Europe. The Asia-Pacific region covers the analysis of countries such as China Japan India Australia/New Zealand and Rest of APAC.

Among the geographies, North America region is projected to remain as the largest and market for modified atmospheric packaging with 32.50% global share in 2016. The U.S. is the largest consumer and producer of modified atmospheric packaging in North America. Rapid growth for packaged food and beverages in the Asia-Pacific region is expected to boost the market size of modified atmospheric packaging in the region. China and India are projected to escalate the market size of the Asia-Pacific region over the forecast period.

Browse the Detailed TOC of the report on Modified Atmospheric Packaging Market: https://www.infiniumglobalresearch.com/consumer-goods-packaging/global-modified-atmospheric-packaging-market

Modified Atmospheric Packaging Market: Competitive Landscape

The companies covered in the report include Air Products and Chemicals Inc., Amcor Limited, Bemis Company, Inc., Berry Plastics Corporation, CVP Systems, Inc., Dansensor A/S, Gulf Cryo, Multisorb Technologies, Praxair Technology, Inc., Sealed Air Corporation, The Linde Group, Total Packaging Solutions, ULMA Packaging, Coop.