Global market for Modified Atmosphere Packaging 2016-2022
According to a new report by Stratistics MRC the global Modified Atmosphere Packaging (MAP) market is accounted for $11.1 million in 2015 and is expected to reach $16.57 million by 2022 growing at a CAGR of 5.89% during the forecast period. Bakery and confectionery application dominates the market with prominent share and is projected to continue its supremacy.
Hygienic packaging of food, shift towards easy-to-handle and convenient packaging, manufacturers demand for a longer shelf-life and increasing demand for fresh and quality packaged food are the factors driving the market growth. High Cost of development and stringent environmental legislations are restraining the market.
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