Modified atmosphere packaging market worth $13.78B by 2020
The modified atmosphere packaging (MAP) market is projected to be worth $13.78 billion by 2020, according to "Modified Atmosphere Packaging Market by Application (Dairy Products, Bakery & Confectionery, Poultry, Seafood, & Meat Products, Convenience Food, Fruits & Vegetables, & Others) by Region - Global Trends & Forecast to 2020," published by New York-based Markets and Markets.
In 2015, North America is estimated to be the largest market for modified atmosphere packaging. Furthermore, Asia-Pacific is projected to be the fastest-growing market for modified atmosphere packaging during the period under consideration. This market is also driven by the rising income levels, changing lifestyles and growing demand for convenience and ready-to-eat foods in the emerging economies.