Americas Modified Atmospheric Packaging (MAP) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Americas Modified Atmospheric Packaging (MAP) Market was valued at USD 6.06 billion in 2020 and is expected to reach USD 7.79 billion by 2026 witnessing a CAGR of 4.29% over the forecast period (2021 - 2026). Considering, fresh fruits and vegetables, the air of packaging is replaced with atmospheric gases different in proportion. Usually, oxygen, carbon dioxide, and nitrogen are majorly used. Also, the choice and ratio of gases are dependent upon the material that is being packed. For instance, coffee beans release Carbon Dioxide when they are roasted, and without the use of MAP, the beans need to cool down before being packaged, else, the packaging would burst open.
Key HighlightsThe americas modified atmospheric packaging market is fragmented. The market studied comprises of Amcor Limited, Sealed Air Corporation, Mondi Group PLC, among others. Several regional firms are also trying to gain market share. Barriers to entry are low, which is resulting in the advent of smaller players, further increasing competitive rivalry.
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