Controlled Atmosphere Packaging (CAP) Film Market size was estimated to grow at a significant CAGR of 6.4% over 2023-2029. Controlled atmosphere or modified atmosphere packaging (CAP or MAP) is quickly emerging as the preferred packaging solution for the preservation of fresh and processed foods that must be stored for extended periods of time and under a variety of storage temperatures and conditions. The aluminum material segment is anticipated to grow at a significant CAGR over the forecast years owing to aluminium's ability to form any shape and its protective qualities have made it the most versatile packaging material in the world. In addition, a key benefit is that aluminum foil, aluminium cans, and other aluminum packaging materials can be fully recycled and reused an infinite number of times. Moreover, competitors are focusing on acquisition and launching new products to maintain the growth in the market. For instance, In June 2019, Amcor plc completed the acquisition of Bemis Company Inc., a U.S.-based packaging manufacturer, for nearly USD 6.8 billion. The acquisition has significantly expanded the former’s product portfolio, customer base, manufacturing capability, and geographic presence across the world. Increasing demand for CAP systems from the pharmaceutical and food industries. In addition, the growing demand for electronics products is also contributing to the growth of this market.

Controlled Atmosphere Packaging (CAP) Film Market Key Developments:
In June 2022, MULTIVAC has launched W 500, a universal flow packaging solution that the company says provides increased flexibility and output for packaging food products in pillow packs, while supporting the use of sustainable film- and paper-based materials.