2014-04-28 01:14:01 - World Modified & Controlled Atmosphere Packaging (MAP & CAP) Market 2013-2023 - a new market research report on companiesandmarkets.com
The global MAP & CAP packaging market will reach US$10.80bn in 2013. Although recent economic turmoil has put its stamp over many industries worldwide, the MAP & CAP industry continues to be robust and in many countries is expected to exhibit strong growth prospects. Developed nations are experiencing a saturated state at the moment, in terms of MAP & CAP, but this can be seen as a great opportunity for many companies to introduce sophisticated, value-added new product developments. In emerging economies, however, a progressive above-average growth rate is expected.
Many countries in the Western developed world are experiencing recession at the moment. Changing consumer behaviour, like opting for cheaper product options is expected to make an impact on MAP &
CAP development there. However, this can be offset by the developing nations, like China or India. Surging domestic demand in countries like this will underpin strong MAP & CAP growth in those regions. These countries will be the main driving factors in MAP development, as consistent increase in preference and demand for MAP packaged foods among the population in developing regions will support MAP & CAP expansion there.
The emerging economies, which in total maintained positive growth during the economic crisis, will continue to register strong MAP market growth, due to their rising incomes, changing lifestyles and favourable demographics. Developing economies are changing at a very fast rate and this key factor will play an important role in shaping MAP & CAP growth in the foreseeable future. Demand for traditional and cheaper food packaging materials, like paper will see a relative decrease over time in favour of more MAP innovative options.
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