Nov 2, 2020   SOURCE: BusinessWire

Modified Atmosphere Packaging Market - Growth, Trends, and Forecast (2020 - 2024) | Technavio

The modified atmosphere packaging market is expected to grow by USD 2.89 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the modified atmosphere packaging market in optimistic, probable, and pessimistic forecast scenarios.

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Technavio has announced its latest market research report titled Global Modified Atmosphere Packaging Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Modified Atmosphere Packaging Market 2020-2024 (Graphic: Business Wire)

Enterprises will go through Response, Recovery, and Renew phases. Download a Free Sample Report on COVID-19

The modified atmosphere packaging market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.

This post-pandemic business planning research will aid clients to:

  • Adjust their strategic planning to move ahead once business stability kicks in.
  • Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
  • Conceptualize scenario-based planning to mitigate future crisis situations.

Download the Post-Pandemic Business Planning Structure. Click here

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Major Three Modified Atmosphere Packaging Market Participants:

Amcor Plc

Amcor Plc operates its business under flexibles and rigid packaging segments. The company offers a line of products such as LifeSpan Box Liners, Bin Liners and Pallet Shrouds among others.

Berry Global Group Inc.

Berry Global Group Inc. operates its business under four segments, which include consumer packaging international, consumer packaging North America, engineered materials, and health, hygiene & specialties. The company offers a line of products such as non-forming films and forming films through its product line ClearSeal.

Coveris Management GmbH

Coveris Management GmbH operates its business under various segments such as films, flexibles, and labels & board. The company offers a line of products such as Pack Positive and intelligent films to manage moisture, respiration, oxygen and ethylene via innovative perforation or active technologies under its Freshlife brand.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technvaio.com/report/modified-atmosphere-packaging-market-industry-analysis

Modified Atmosphere Packaging Market 2020-2024: Segmentation

Modified atmosphere packaging market is segmented as below:

  • Material
    • Ethylene Vinyl Alcohol
    • Polyethylene
    • Polyethylene Terephthalate
    • Polyamide
    • Others
  • Geography
    • North America
    • Europe
    • APAC
    • MEA
    • South America
  • Application
    • Bakery and Confectionary
    • Poultry, Seafood, And Meat Products
    • Fruits and Vegetables
    • Others

The modified atmosphere packaging market is driven by the growth of the food delivery and takeaway market. In addition, other factors such as increasing benefits of modified atmosphere packaging are expected to trigger the modified atmosphere packaging market toward witnessing a CAGR of about 4% during the forecast period.

Get more insights about the global trends impacting the future of modified atmosphere packaging market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR44224

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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