Coherent Market Insights

Active and Modified Atmosphere Packaging Market To Surpass US$ 37.3 Bn By 2030

Active and Modified Atmosphere Packaging Market To Surpass US$ 37.3 Bn By 2030 - Coherent Market Insights

Publish In: Apr 24, 2023

Active packaging is an advanced technology that is used for the packaging of pharmaceutical and foods products, in order to prevent contamination and to enhance the shelf-life of the product. Moreover, this technology also display information on quality, improve convenience, and enhance safety. Active packaging have active functions apart from inert passive containment and protection of the packaged product. Modified atmosphere packaging is used to increase the shelf-life of fresh food products. This technology involves the filling of the atmospheric air inside a package with a protective gas mix. The gas-filled inside the package ensure that the food product stays fresh for a longer time.

Global Active and Modified Atmosphere Packaging Market was valued at US$ 23.0 Billion in 2022 and is estimated to reach US$ 37.3 Billion by 2030, exhibiting a CAGR of 6.23 % during the forecast period (2023 to 2030).

Global Active and Modified Atmosphere Packaging Market - Growth Drivers

  • Increasing Launches of Innovative Active and Advanced Modified Atmosphere Packaging

Increasing launches of innovative and advanced modified atmosphere packaging is expected to drive the market growth. For instance, in January 2019, Air Products, launched new scented modified atmosphere packaging in the U.K. It is an advanced system that offers a natural way to keep the flavor and aroma intact for packaged foods, improves the customer’s sensory experience, and has the potential to influence future purchasing behaviors. Therefore, increasing launches of advanced solution is expected to drive the market growth.

Global Active and Modified Packaging Market- Opportunities

  • Increasing Application of Bio-based and Biodegradable Film in the Active and Modified Atmosphere Packaging

Increasing application of bio-based and biodegradable film in the active and modified atmosphere packaging is expected to drive the market growth over the forecast period. For instance, in June 2019, Mondi, a global leader in sustainable paper and packaging solutions, developed a recyclable polypropylene film that is ideal for the thermoforming of flexible films for modified atmosphere packaging (MAP) and vacuum packaging. It can extend the shelf life of products such as meat and cheese. Hence, increasing application of bio-based packaging film is expected to drive the market growth.

Global Active and Modified Atmosphere Packaging Market– Restraints

  • Recyclability and Sustainability Factors Associated with Flexible Film Packaging

Recyclability and sustainability factors associated with flexible film packaging is expected to hinder the market growth. Flexible film packaging is broadly used for various consumer brands due to its various advantage such as low greenhouse emissions, lightweight, and low usage of plastic. However, one of the major concerns of the active and modified packaging market is recyclability. According to the U.S Flexible Packaging Association, the materials used for the production of multilayer pouches is comprised of laminated multiple materials. Such materials are not easily recyclable, and thus, this factor is expected to hinder the market growth over the forecast period.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/active-and-modified-atmosphere-packaging-market-3282

Key Takeaways

  • Based on material type, the market is segment into polyethylene, polyvinyl chloride, polypropylene, polyamide, polyethylene terephthalate, ethylene vinyl alcohol (EVOH), ethylene vinyl acetate (EVA), and others. In 2018, polyethylene segment accounted for the largest revenue share of 39.6% in the global Active and Modified Atmosphere Packaging market, followed by polyethylene terephthalate and polypropylene respectively.
  • Major market players are involved in number of acquisitions that is expected to drive the market growth of active and modified atmosphere packaging. For instance, in May 2015, Johnson Matthey, a British chemicals company, acquired StePac, a global provider of atmosphere packaging, to produce and supply products for specific application.

Global Active and Modified Atmosphere Packaging Market- Trends

  • Rising investment by major players to boost the production of packaging solutions is expected to drive the market growth over the forecast period. For instance, in March 2016, LINPAC Packaging Limited, a british manufacturer of fresh food packaging, invested around US$ 1.58 million in its new manufacturing facility in St. Helens, for the production of an 200 million units of expanded polystyrene (EPS) trays per year.
  • Major market are 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, and Ilapak International, S.A.

Global Active and Modified Atmosphere Packaging Market- Recent Developments

  • In June 2020, Ametek Mocon, launched the Dansensor Checkpoint 3 EC Headspace MAP Gas Analyzer that detects O2 or O2/CO2 in modified atmosphere packages for applications requiring high oxygen levels such as smoking product or using flammable gases. This upgrade is portable and includes more quality control managers for accurate measurements.
  • In January 2020, AptarGroup, Inc., launched an entirely integrated active packaging solution that combines capabilities for scavenging oxygen and absorbing moisture. This new technology uses Activ-FilmTM product configuration and the company's patented 3-phase Activ-PolymerTM platform. The company will be able to provide clients a fully integrated solution for medications that are susceptible to oxidation and moisture thanks to this new release.
  • In August 2018, AptarGroup, Inc., acquired CSP Technologies S.àr.l. (CSP Technologies), an active packaging industry pioneer. Additionally, AptarGroup was able to grow CSP Technologies' current business in the pharmaceutical and food safety sectors with the help of its active packaging.

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