Modified Atmospheric Packaging Market Research Report - Forecast to 2023
Global Modified Atmospheric Packaging Market: By Materials (Polyvinyl Chloride, Ethylene Vinyl Alcohol, Polyethylene Terephthalate, Polypropylene And Polyethylene), Gases (Nitrogen, Oxygen, Carbon Dioxide, And Others), Application And Region – 2023
Global Modified Atmospheric Packaging Market: By Materials (Polyvinyl Chloride, Ethylene Vinyl Alcohol, Polyethylene Terephthalate, Polypropylene And Polyethylene), Gases (Nitrogen, Oxygen, Carbon Dioxide, And Others), Application And Region – 2023
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<strong>Modified</strong> <strong>Atmospheric</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Forecast</strong> To <strong>2023</strong><br />
Regional Analysis : Global <strong>Modified</strong> <strong>Atmospheric</strong> <strong>Packaging</strong> <strong>Market</strong><br />
On the basis of the regions, the global modified atmospheric packaging market has been segmented in<strong>to</strong> North America,<br />
Europe, Asia Pacific, and Rest of the World (RoW). North America leads the global modified atmospheric packaging market.<br />
Increasing demand for wrapped food in this region is lashing the growth of the market. The U.S. holds the largest market<br />
share in the North American region. Increasing concern about the hygienic packaging also increases the demand for<br />
modified atmosphere packaging as it reduces contamination during handling. Additionally, implementation of the Food<br />
Safety Modernization Act by the government also has a positive influence on the growth of the market.<br />
Europe is accounted for the second largest share of the global modified atmospheric packaging market and is expected <strong>to</strong><br />
contribute significantly <strong>to</strong> the market growth during the forecast period. Germany is one of the <strong>to</strong>p meat producers in EU. It<br />
also leads the European market in the production and export of pork and taking the second place for beef with a production<br />
share of 15%. This has increased the need for proper packaging of meat, which drive the growth of the modified<br />
atmospheric packaging market.<br />
Asia Pacific region is anticipated <strong>to</strong> grow at the highest CAGR during the forecast period due <strong>to</strong> the rapid growth in the<br />
packaging business in Asia Pacific region. Growing urban population and high disposable income further increase the<br />
demand for packaged food and beverages. These are some of the fac<strong>to</strong>rs pouring the demand of the market in the Asia<br />
Pacific region. China, Japan, India, Australia, and Indonesia are the major contribu<strong>to</strong>r <strong>to</strong> Asia Pacific market. China accounts<br />
for the largest share of the regional market due <strong>to</strong> rapid growth in the urbanization and industrial development.<br />
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