Global Modified Atmosphere Packaging Market Will Grow with CAGR of 3.9% - Industry Research, Share, Size, Analysis, Growth
The Global Modified Atmosphere Packaging (MAP) market is estimated at $11.45 billion in 2014 and is expected to reach $15.54 billion by 2022 growing at a CAGR of 3.9% during the forecast period 2014 to 2022. Hygienic packaging of food, shift towards easy-to-handle and convenient packaging, manufacturers demand for a longer shelf-life and increasing demand for fresh and quality packaged food are the factors driving the market growth. High Cost of development and stringent environmental legislations are restraining the market.
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