Modified Atmosphere Packaging Market by Material, Application, and Geography - Forecast and Analysis 2020-2024

  • Published: Oct 2020
  • Pages: 120
  • SKU: IRTNTR44224
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The modified atmosphere packaging market size has the potential to grow by USD 2.89 bn during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by material (ethylene vinyl alcohol, polyethylene, polyethylene terephthalate, polyamide, and others), geography (North America, Europe, APAC, MEA, and South America), and application (bakery and confectionary, poultry, seafood, and meat products, fruits and vegetables, and others). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Amcor Plc, Berry Global Group Inc., Coveris Management GmbH, G.MONDINI Spa, Linde plc, Pro-Pac Ostendorf Plastic, Quinn Packaging, Reifenhäuser GmbH & Co. KG Maschinenfabrik, Sealed Air Corp., and Winpak Ltd.

Market Overview

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Market Competitive Analysis

The market is fragmented. Amcor Plc, Berry Global Group Inc., Coveris Management GmbH, G.MONDINI Spa, Linde plc, Pro-Pac Ostendorf Plastic, Quinn Packaging, Reifenhäuser GmbH & Co. KG Maschinenfabrik, Sealed Air Corp., and Winpak Ltd. are some of the major market participants. Factors such as the growth of food delivery and the takeaway market will offer immense growth opportunities. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this modified atmosphere packaging market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this modified atmosphere packaging market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Amcor Plc
  • Berry Global Group Inc.
  • Coveris Management GmbH
  • G.MONDINI Spa
  • Linde plc
  • Pro-Pac Ostendorf Plastic
  • Quinn Packaging
  • Reifenhäuser GmbH & Co. KG Maschinenfabrik
  • Sealed Air Corp.
  • Winpak Ltd.

 

Modified Atmosphere Packaging Market: Segmentation by Geography

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The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. The increasing benefits of modified atmosphere packaging will significantly influence the modified atmosphere packaging market's growth in this region.

39% of the market’s growth will originate from APAC during the forecast period. China is the key market for the modified atmosphere packaging market in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the modified atmosphere packaging market size.

Modified Atmosphere Packaging Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will modified atmosphere packaging market growth during the next five years
  • Precise estimation of the modified atmosphere packaging market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the modified atmosphere packaging industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of modified atmosphere packaging market vendors

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Modified Atmosphere Packaging Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2020-2024

USD 2.89 billion

Market structure

Fragmented

YoY growth (%)

3.13

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

APAC at 39%

Key consumer countries

US, China, Germany, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Amcor Plc, Berry Global Group Inc., Coveris Management GmbH, G.MONDINI Spa, Linde plc, Pro-Pac Ostendorf Plastic, Quinn Packaging, Reifenhäuser GmbH & Co. KG Maschinenfabrik, Sealed Air Corp., and Winpak Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by application
    • Bakery and confectionary - Market size and forecast 2019-2024
    • Fruits and vegetables - Market size and forecast 2019-2024
    • Others - Market size and forecast 2019-2024
    • Market opportunity by application

    Market Segmentation by Material

    • Market segments
    • Comparison by Material
    • Ethylene vinyl alcohol - Market size and forecast 2019-2024
    • Polyethylene - Market size and forecast 2019-2024
    • Polyethylene terephthalate - Market size and forecast 2019-2024
    • Polyamide - Market size and forecast 2019-2024
    • Others - Market size and forecast 2019-2024
    • Market opportunity by material

    Customer Landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2019-2024
      • Europe - Market size and forecast 2019-2024
      • APAC - Market size and forecast 2019-2024
      • MEA - Market size and forecast 2019-2024
      • South America - Market size and forecast 2019-2024
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Amcor Plc
      • Berry Global Group Inc.
      • Coveris Management GmbH
      • G.MONDINI Spa
      • Linde plc
      • Pro-Pac Ostendorf Plastic
      • Quinn Packaging
      • Reifenhäuser GmbH & Co. KG Maschinenfabrik
      • Sealed Air Corp.
      • Winpak Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The modified atmosphere packaging market growth will increase by $2892.64 million during 2019-2024.
      The modified atmosphere packaging market is expected to grow at a CAGR of 4.05% during 2019-2024.
      Technavio has segmented the modified atmosphere packaging market by material (Ethylene vinyl alcohol, Polyethylene, Polyethylene terephthalate, Polyamide, and Others) ,application (Bakery and confectionary, Poultry, seafood, and meat products, Fruits and vegetables, and Others) , and geographic (North America, Europe, APAC, MEA, and South America).
      Amcor Plc, Berry Global Group Inc., Coveris Management GmbH, G.MONDINI Spa, Linde plc, Pro-Pac Ostendorf Plastic, Quinn Packaging, Reifenhäuser GmbH & Co. KG Maschinenfabrik, Sealed Air Corp., Winpak Ltd. are a few of the key vendors in the modified atmosphere packaging market.
      APAC will register the highest growth rate of 38.69% among the other regions. Therefore, the modified atmosphere packaging market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the modified atmosphere packaging market growth are:
      • Growth of food delivery and takeaway market
      The modified atmosphere packaging market vendors should focus on grabbing business opportunities from the ethylene vinyl alcohol segment as it accounted for the largest market share in the base year.
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