The Modified Atmosphere Packaging Market size is estimated at USD 17.44 billion in 2024, and is expected to reach USD 26.74 billion by 2029, growing at a CAGR of 8.92% during the forecast period (2024-2029).
In the wake of COVID-19 the market faced supply chian disruptions as the entire world went under lockdown but as the demand for packaged food grew immediately the demand for modified atmosphere packaging market grew simultaneoulsy.
The Modified Atmosphere Packaging (MAP) Market is reasonably competitive and consists of several major players. The market appears to be moderately concentrated. The market is prominently expanding with important technological advancements in multiple industrial sectors. Therefore, existing players are concentrating on maintaining their market presence by investing large amounts in research and development. Companies present in the market are focusing on strengthening their foothold in the MAP market through strategic alliances and investments in research and development.
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